CSRNF - Canstar Announces Matthieu Lapointe as VP Exploration and Provides an Exploration Update
(TheNewswire)
Toronto, Ontario – TheNewswire - September 21,2021 – CANSTAR RESOURCES INC. (TSXV:ROX ) & ( OTC:CSRNF) (“ Canstar” or the “Company ”) is pleased to announce that it hashired Matthieu (Matt) Lapointe, P.Geo, as Vice President, Exploration,effective immediately.
Mr. Lapointe, P.Geo. has over 15 years of greenfieldand brownfield precious metal exploration throughout Canada andinternationally. Most recently Mr. Lapointe was VP Exploration atLabrador Gold Corp., where he led the team that discovered the BigVein on the Kingsway property in Newfoundland. Mr. Lapointe’sprevious experience includes being Chief Geologist at TMAC Resources(“TMAC”), Senior Project Geologist at IAMGOLD, and Geologist atSabina Gold & Silver. At TMAC, Mr. Lapointe developedexploration strategy and managed regional exploration of the 1,600km 2 Hope Bay Project in Nunavut, including brownfield targeting at theactive Doris gold mine and two advanced stage gold deposits.
Rob Bruggeman, President & CEO of Canstar,commented: “I am delighted to have Matt Lapointe join Canstar tolead our growing exploration team. Our Golden Baie project has goldshowings over a considerable distance. With his extensive goldexploration experience, Mr. Lapointe is well suited to lead theexploration efforts to turn some of these gold occurrences to newdiscoveries.”
Matt Lapointe stated: “The Golden Baie project is alarge, prospective land package that is largely underexplored fororogenic gold mineralization despite the favorably-agedtectonostratigraphy, regional-scale structures and abundant goldoccurrences. I am very excited to be a member of the Canstar team andlook forward to working with the company to advance its currentprospects and develop a robust pipeline of explorationtargets.”
Dawn Evans-Lamswood, previous Vice President,Exploration, is no longer with the Company. Canstar thanks Ms.Evans-Lamswood for her contributions and wishes her well in her futureendeavours.
Golden Baie Exploration Update
The Company is pleased to announce that the initialdiamond drill program on the Golden Baie project has now beencompleted. In total, 62 holes were drilled for 5,734 metres. One-half of the drill holes were drilled on the Kendell Target andthe remainder were drilled on the Blow Out Target and other targets ontrend to the southwest of Blow Out.
Initial assays from the drill program included 9.64 g/tAu over 7.75 metres in hole GB-21-01 (reported on August 19,2021 ). Assays for the remainingholes, as well as numerous grab samples from ongoing prospectingactivity, are pending. The Company will be announcing the assayresults from the drill program over the next several months.
Canstar is also pleased to announce that an airborneLiDAR survey has been completed on the entire 62,175 hectare GoldenBaie property. The LiDAR survey results will aid with structuralinterpretation and target generation on the Golden Baie property,especially in areas with thicker till cover.
The Company is currently reviewing the preliminarydrill results and LiDAR data in order to design the next phase of theexploration program on Golden Baie, which is expected to include someadditional drilling.
Acknowledgements
Canstar wishes to acknowledge the financial support ofthe 2021 exploration program through the Junior Exploration AssistanceProgram from the Department of Natural Resources, Government ofNewfoundland and Labrador.
Qualified Person
Bob Patey, B.Sc., P.Geo, Senior Geologist of Canstar,and a Qualified Person as defined by National Instrument 43-101 -Standards of Disclosure for Mineral Projects, is responsible for thescientific and technical data presented herein and has reviewed andapproved this release.
About Canstar Resources Inc.
Canstar is focused on the discovery and development ofeconomic mineral deposits in Newfoundland and Labrador, Canada.Canstar has an option to acquire a 100% interest in the Golden BaieProject, a large claim package (62,175 hectares) with recentlydiscovered, multiple outcropping gold occurrences on a majorstructural trend in south Newfoundland. The Company also holds theBuchans-Mary March project and other mineral exploration properties inNewfoundland. Canstar Resources is based in Toronto, Canada, and islisted on the TSX Venture Exchange under the symbol ROX and trades onthe OTCPK under the symbol CSRNF.
For further information, pleasecontact:
Rob Bruggeman P.Eng., CFA
President & CEO
Email: rob@canstarresources.com
Phone: 1-647-247-8715
Forward-Looking Statements
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This News Release includes certain"forward-looking statements" which are not comprised ofhistorical facts. Forward looking statements include estimates andstatements that describe the Company’s future plans, objectives orgoals, including words to the effect that the Company or managementexpects a stated condition or result to occur. Forward lookingstatements may be identified by such terms as “believes”,“anticipates”, “expects”, “estimates”, “may”,“could”, “would”, “will”, or “plan”. Sinceforward-looking statements are based on assumptions and address futureevents and conditions, by their very nature they involve inherentrisks and uncertainties. Although these statements are based oninformation currently available to the Company, the Company providesno assurance that actual results will meet management’sexpectations. Risks, uncertainties and other factors involved withforward-looking information could cause actual events, results,performance, prospects and opportunities to differ materially fromthose expressed or implied by such forward-looking information.Forward looking information in this news release includes, but is notlimited to, the Company’s objectives, goals or future plans,statements, exploration results, potential mineralization, theestimation of mineral resources, exploration and mine developmentplans, timing of the commencement of operations and estimates ofmarket conditions. Factors that could cause actual results to differmaterially from such forward-looking information include, but are notlimited to failure to identify mineral resources, failure to convertestimated mineral resources to reserves, the inability to complete afeasibility study which recommends a production decision, thepreliminary nature of metallurgical test results, delays in obtainingor failures to obtain required governmental, environmental or otherproject approvals, political risks, inability to fulfill the duty toaccommodate First Nations and other indigenous peoples, uncertaintiesrelating to the availability and costs of financing needed in thefuture, changes in equity markets, inflation, changes in exchangerates, fluctuations in commodity prices, delays in the development ofprojects, capital and operating costs varying significantly fromestimates and the other risks involved in the mineral exploration anddevelopment industry, an inability to predict and counteract theeffects of COVID-19 on the business of the Company, including but notlimited to the effects of COVID-19 on the price of commodities,capital market conditions, restriction on labour and internationaltravel and supply chains, and those risks set out in the Company’spublic documents filed on SEDAR. Although the Company believes thatthe assumptions and factors used in preparing the forward-lookinginformation in this news release are reasonable, undue reliance shouldnot be placed on such information, which only applies as of the dateof this news release, and noassurance can be given that such events will occur in the disclosedtime frames or at all. The Company disclaims any intention orobligation to update or revise any forward-looking information,whether as a result of new information, future events or otherwise,other than as required by law.
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