CSRNF - Canstar Announces VP Exploration and New Technical Advisor Grants Options
(TheNewswire)
Toronto, Ontario - TheNewswire – February 9, 2021 – CANSTAR RESOURCESINC. (TSXV:ROX ) & ( OTC:CSRNF) (“ Canstar” or the “Company ”) is pleased to announce that it has hired DawnEvans-Lamswood, M.Sc., P.Geo, as its Vice President, Exploration,through her consulting company, DEL Exploration, based in St.John’s, Newfoundland. In addition, the Company is pleased toannounce that Dr. Laurence (Laurie) Curtis has agreed to join thecompany as a technical advisor.
Ms. Evans-Lamswood is awell-respected structural geologist with over 30 years’ experience,the majority of which has been focused on base and precious metalsprojects in Newfoundland and Labrador. Much of her career was spenton Vale Inco’s Voisey’s Bay project, in increasingly seniorgeology positions. More recently, Ms. Evans-Lamswood has beenworking with Canadian exploration companies and she was the leadauthor on a NI 43-101 report on New Found Gold’s Queensway Project. Ms. Evans-Lamswood is a Professional Geoscientist (Newfoundland,Ontario, and British Columbia) and was recognized as Geoscientist ofthe Year (CIMM) in 2014 and given the Award of Merit by ProfessionalEngineers and Geoscientists of Newfoundland (PEGNL) in 2018.
Dr. Curtis brings over 40 years of experience in themining industry and capital markets, with a proven track record incorporate development, mine development and project financing. He wasthe founder of Intrepid Minerals and was a key member of the seniormanagement and technical teams overseeing all aspects from discoverythrough operations. Under his guidance as CEO and COO, Intrepidtransitioned through merger and acquisition to become a gold producerand developer, ultimately attaining a market capitalization in excessof $1.2 billion. During his distinguished career as an explorationgeologist, Dr. Curtis was involved with a number of worldwidediscoveries including the initial discovery and staking of the BackRiver gold belt, which now hosts the 5M-ounce gold deposit held bySabina Gold & Silver Corp., and led teams to the discovery ofseveral epithermal systems in the Caribbean Basin. Dr. Curtis has alsoheld several positions in the financial sector including, Research andAnalyst Mining for Clarus Securities, Vice President and SeniorAnalyst Global Resources for Dundee Capital Markets.
Rob Bruggeman, President & CEO of Canstar,commented: “Canstar’s Golden Baie project, is a very large claimpackage with numerous exploration targets along a major gold-bearingstructure. The challenge for our exploration team is to crack thecode on where to find the highest grades of gold mineralization overthe best widths and to do so in a cost-effective manner. Today’sannouncements significantly build our technical team. Our technicalcommittee now consists of Dr. David Palmer (director), Dr. LawrenceWinter (technical advisor), and Dr. Laurie Curtis. That is animpressive roster of geologists with tremendous experience that we canleverage.”
Mr. Bruggeman continued: “I am also very pleased thatDawn has joined Canstar to lead its Newfoundland-based explorationteam. Her understanding of structural geology and methodicalapproach to exploration are well suited to our Golden Baie project. With Dawn’s knowledge and guidance from the technical committee,we are eager to get back out to Golden Baie in the spring toprioritize targets for the first drill program on the property in adecade.”
Canstar has granted employees and consultants on theexploration team a total of 1,200,000 options to purchase commonshares of the Company at an exercise price of $0.28 per share,expiring on February 8, 2026. The grant is subject to regulatoryapproval and vesting requirements.
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 (over 62,175 hectares) with recentlydiscovered, multiple outcropping gold occurrences on a majorstructural trend in south-central Newfoundland. The Company also holdsthe Buchans-Mary March project and other mineral explorationproperties in Newfoundland. Canstar Resources is based in Toronto,Canada, and is listed on the TSX Venture Exchange under the symbol ROXand trades on the OTCPK under the symbol CSRNF.
For further information, pleasecontact:
Rob Bruggeman P.Eng., CFA
President & CEO
Email: rob@canstarresources.com
Phone: 1-416-884-3556
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 no assurance can be given that such eventswill occur in the disclosed time frames or at all. The Companydisclaims any intention or obligation to update or revise anyforward-looking information, whether as a result of new information,future events or otherwise, other than as required by law.
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