Canstar Resources is a well-funded, Canadian mineral exploration and development company led by a professional, highly technical management team and an experienced board of directors. The Company's objective is to discover and develop economic mineral deposits primarily in North America.
Canstar's focus is the Kenora Gold Project located approximately 20 km east of the Town of Kenora. The property represents an area of historic mining during the 19th and early 20th century, and has seen little exploration since that time. During its time of production, the area accounted for 55% of gold production in Ontario. Geologically the properties occur near the boundary of the English River and Wabigoon subprovinces. Gold occurrences on the Project are typically high-grade and associated with regionally extensive shear zones, as well as dilational breccias. Many of the reported occurrences occur along the same structure, demonstrating potential mineralization over several kilometers, with the newest occurrences in a parallel structure to the Black Sturgeon trend, much of which has seen no modern exploration.
The recently completed second phase sampling programs returned grab samples of up to 283 g/t gold in a parallel zone to the Black Sturgeon trend to the north. Management feels there is strong potential for the area to host numerous, significant deposits.
Other projects include the Mary March gold and base metal project located in Central Newfoundland. Discovery holes drilled on the Mary March yielded some of the highest grade base and precious metal intersections ever achieved in the area outside of the prolific, past-producing Buchans Mine.
In addition, Canstar's non-core holdings include a 100% interest in the Shrimp Lake and Tahoe Lake VMS/gold properties north of Red Lake, Ontario, a 75% interest in the Slate Bay copper-gold project in Red Lake's "Mine Trend", and a 100% interest in the Miminiska gold property near Pickle Lake, Ontario.