Jun 06, 2012 (ACCESSWIRE-TNW via COMTEX) — June 6, 2012 – VANCOUVER, Canada -Urastar Gold Corp. (the “Company”) /quotes/zigman/6041786 CA:URS +15.00% /quotes/zigman/6072828 DE:3U3 -52.92% (otcqx:URNRF) is pleased to provide an update on drilling results at the El Antimonio property located in Sonora State, Mexico.
The El Antimonio property is comprised of approximately 12,500 hectares and is located 50km south of the Fresnillo PLC/Newmont joint venture La Herradura heap leach gold mine which produced 185,000 ounces of gold in 2011. RC drilling started last month and so far 23 holes have been completed. Significant intersections from results received to date include the following:
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|Hole |From |To |Core |From |To |Core |True |Gold |Comment (Au |
| |(ft) |(ft) |Interval|(m) |(m) |Interval|Width |(g/T)|= |
| | | |(ft) | | |(m) |(m) | |gold) |
|———————————————————————————-|
|EA-12-01 |150.0|350.0|200.0 |45.7 |106.7|61.0 |undefined|0.34 |A |
|———————————————————————————-|
|EA-12-03 |185.0|205.0|20.0 |56.4 |62.5 |6.1 |undefined|0.21 |A |
|———————————————————————————-|
|EA-12-07 |185.0|195.0|10.0 |56.4 |59.4 |3.0 |undefined|0.21 |A |
|———————————————————————————-|
|aEURoe |210.0|220.0|10.0 |64.0 |67.1 |3.0 |undefined|0.17 |A |
|———————————————————————————-|
|EA-12-10 |175.0|195.0|20.0 |53.3 |59.4 |6.1 |undefined|0.13 |A |
|———————————————————————————-|
|EA-12-10A|135.0|140.0|5.0 |41.1 |42.7 |1.5 |undefined|0.25 |A |
|———————————————————————————-|
|aEURoe |185.0|205.0|20.0 |56.4 |62.5 |6.1 |undefined|0.27 |A |
|———————————————————————————-|
|aEURoe |480.0|505.0|25.0 |146.3|153.9|7.6 |undefined|0.29 |A |
|———————————————————————————-|
|aEURoe |640.0|655.0|15.0 |195.1|199.6|4.6 |undefined|0.15 |Bottomed in |
| | | | | | | | | |Mineralization|
|———————————————————————————-|
|EA-12-11 |10.0 |40.0 |30.0 |3.0 |12.2 |9.1 |undefined|0.82 |includes |
| | | | | | | | | |10-15 |
| | | | | | | | | |(5ft) @ |
| | | | | | | | | |1.855 |
| | | | | | | | | |g/T Au |
|———————————————————————————-|
|EA-12-12 |130.0|140.0|10.0 |39.6 |42.7 |3.0 |undefined|0.17 |A |
|———————————————————————————-|
|aEURoe |160.0|170.0|10.0 |48.8 |51.8 |3.0 |undefined|0.13 |A |
|———————————————————————————-|
|aEURoe |395.0|405.0|10.0 |120.4|123.4|3.0 |undefined|0.16 |A |
|———————————————————————————-|
|aEURoe |515.0|530.0|15.0 |157.0|161.5|4.6 |undefined|0.15 |A |
|———————————————————————————-|
|aEURoe |575.0|585.0|10.0 |175.3|178.3|3.0 |undefined|0.19 |Bottomed in |
| | | | | | | | | |Mineralization|
|———————————————————————————-|
|EA-12-15 |95.0 |105.0|10.0 |29.0 |32.0 |3.0 |undefined|0.16 |A |
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|aEURoe |230.0|235.0|5.0 |70.1 |71.6 |1.5 |undefined|0.34 |A |
|———————————————————————————-|
|aEURoe |320.0|330.0|10.0 |97.5 |100.6|3.0 |undefined|0.18 |A |
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|aEURoe |500.0|515.0|15.0 |152.4|157.0|4.6 |undefined|3.31 |includes |
| | | | | | | | | |500-505 |
| | | | | | | | | |(5ft) @ |
| | | | | | | | | |8.02 g/T Au |
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|EA-12-16 |145.0|175.0|30.0 |44.2 |53.3 |9.1 |undefined|0.47 |includes |
| | | | | | | | | |145-150 |
| | | | | | | | | |(5ft) @ |
| | | | | | | | | |2.06 g/T Au |
|———————————————————————————-|
|aEURoe |210.0|215.0|5.0 |64.0 |65.5 |1.5 |undefined|0.39 |A |
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|aEURoe |230.0|280.0|50.0 |70.1 |85.3 |15.2 |undefined|0.60 |includes |
| | | | | | | | | |240-245 |
| | | | | | | | | |(5ft) @ |
| | | | | | | | | |1.28 g/T Au |
|———————————————————————————-|
|EA-12-17 |315.0|410.0|95.0 |96.0 |125.0|29.0 |undefined|0.79 |A |
| | | | | | | | | |includes |
| | | | | | | | | |355-365 |
| | | | | | | | | |(10ft) @ |
| | | | | | | | | |4.22 g/T |
| | | | | | | | | |Au, and |
| | | | | | | | | |325-330 |
| | | | | | | | | |A(5ft) |
| | | | | | | | | |@ |
| | | | | | | | | |86.9 g/T |
| | | | | | | | | |silver, |
| | | | | | | | | |and |
| | | | | | | | | |A360-365 |
| | | | | | | | | |(5ft) |
| | | | | | | | | |@ 2% |
| | | | | | | | | |zinc |
|———————————————————————————-|
|EA-12-18 |40.0 |50.0 |10.0 |12.2 |15.2 |3.0 |undefined|0.13 |A |
|———————————————————————————-|
|aEURoe |65.0 |75.0 |10.0 |19.8 |22.9 |3.0 |undefined|0.12 |A |
|———————————————————————————-|
|aEURoe |90.0 |185.0|95.0 |27.4 |56.4 |29.0 |undefined|0.19 |includes |
| | | | | | | | | |170-175 |
| | | | | | | | | |(5ft) @ |
| | | | | | | | | |1.43 g/T Au |
|———————————————————————————-|
|aEURoe |430.0|450.0|20.0 |131.1|137.2|6.1 |undefined|0.26 |A |
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Urastar President, Adrian Robertson, P.Eng, comments “We have been excited about El Antimonio for a long time. Given its location in the Mojave-Sonora Megashear, and the geology and extensive historical workings on the property we knew there was potential for widespread gold mineralization at El Antimono. I think the results of the first few thousand meters of drilling on the property show that we may be onto something very significant here. Based on these results we’re planning to continue to aggressively explore at El Antimonio and expand on some of these intercepts.”
Drill cutting samples were submitted to ALS Minerals in Hermosillo for preparation. Sample analysis was done at ALS Minerals in North Vancouver, Canada for gold by the Fire Assay method on 30 gram subsamples with AAS finish. ALS is an independent ISO certified commercial laboratory. Quality control included monitoring results of certified reference standards, duplicates and blank samples submitted with the samples.
Dr. Matt Ball, P.Geo., is a Qualified Person pursuant to National Instrument 43-101 who has reviewed the technical information contained in this news release.
Contacts:
Adrian Robertson, President & CEO Tel: 604-682-2928 Matthew Harrington, Investor Relations [email protected] Tel: 613-882-7467
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release includes certain statements that express management’s expectation or estimates of future performance and may be deemed “forward-looking statements”. These forward-looking statements include plans, estimates, forecasts and statements as to management’s expectations regarding exploration. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.
United States residents are cautioned that some of the information that may be published by Urastar may not be consistent with United States Securities and Exchange Commission disclosure rules and may be materially different from what the Company is permitted to disclose in the United States and therefore United States residents should not rely on such information.
