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Canstar has an option to acquire 100% interest in two mineral properties totaling 192 claims (5,175 hectares) in the area of Conception Bay South on the Avalon Peninsula, Province of Newfoundland and Labrador. The properties adjoin each other and cover a belt of volcanic-sedimentary rocks of Proterozoic age that are known to host Volcanogenic Massive Sulphide (VMS) mineralization containing economically significant values in copper, zinc, lead, silver and gold. The area has very sparse bedrock exposure and hence very little exploration has ever been carried out on the properties. Several sulphide showings have been found in recent years, primarily in road cut exposures. Grab samples from one such exposure assayed up to 8.9 % zinc, 5.2 % lead, 0.8 % copper, 0.3 grams/ton gold and 1.4 grams/ton silver. Company personnel confirmed both the favourable geology and base/precious metals mineralization. The properties are crossed by the Trans Canada Highway, approximately 20 kilometers south west of the provincial capital, St John's and are also easily accessible by a number of secondary roads.
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