May 08, 2012 (ACCESSWIRE-TNW via COMTEX) — May 8, 2012 – VANCOUVER, Canada -Urastar Gold Corp. (the “Company”) (otcqx:URNRF) is pleased to announce the initial results from drilling at the El Antimonio exploration 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 in March 2012 and so far 10 holes have been completed. Results from the first three holes have been received from which the following significant intersections were obtained:
Hole EA-01 intersected 61.0 metres averaging 0.34 g/t gold starting at 45.7 meters depth.
Hole EA-03 intersected 6.1 metres averaging 0.21 g/t gold starting at 56.4 metres depth.
The orientations of these holes were as follows:
HoleAzimuthInclinationLength (m)
EA12-01340-50242.3
EA12-02305-60230.1
EA12-03310-50213.4
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.
