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Canstar Resources has a very experienced technical team and board focused on mineral exploration in Newfoundland, Canada. Central Newfoundland has emerged as one of the most exciting gold exploration districts due to recent high-grade orogenic gold discoveries. Our flagship Golden Baie project, comprised of 939 km2 of claims in south-central Newfoundland, has multiple high-grade gold anomalies at surface along 40 km of strike.
The Golden Baie project consists of a large claim block along a major gold-bearing structure at the eastern and southern edge of the Exploits Subzone, which hosts the majority of gold deposits in Newfoundland. Golden Baie is in the same fault corridor and with similar geology to recent high grade gold discoveries in central Newfoundland. Initial drilling has confirmed high-grade orogenic gold mineralization near surface that remains open and there are multiple targets still to be drill tested.
The Buchans-Mary March Project is located in central Newfoundland, 20 km northeast of, and within the same geological group that hosts the former producing Buchans Mine. The Buchans deposits rank as the world’s highest grade polymetallic (Zn-Pb-Cu-Au-Ag) VMS deposits with a Zn equivalent grade of 48%* (produced 16.2 Mt @ 14.51% Zn, 7.56% Pb, 1.33% Cu, 126 gpt Ag and 1.37 gpt Au).