TORONTO, Oct. 9 /CNW/ - Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5)
is pleased to announce it has commenced its Fall 2008 drill program on its
Three Horses Property in Madagascar.
The drill program will operate through late December 2008.
VMS and Gold Targets Prioritized
Approximately 5,000 metres of diamond drilling will be focused on
multiple high-priority gold and VMS targets identified on the Property. Drill
targets were prioritized through the analysis of compiled geological,
geochemical, and geophysical data sets collected to date.
About the Property
Uranium Star's Three Horses Property located in south-western Madagascar
displays the distinct mineralization and alteration styles associated with
volcanogenic massive sulphide (VMS) deposits. These deposits can host
significant quantities of copper, zinc, lead and precious metals.
In the latter part of 2007 Uranium Star conducted an airborne
magnetometer survey on its Three Horses Property and dozens of priority
targets were identified.
The Three Horses Property displays numerous targets that have classic
Eriterian VMS signatures; large gravity anomalies coincident or close to
outcropping gossans. The presence of extensive gossan exposures at surface
bear attractive similarities to Nevsun Resource's Bisha Project in Eritrea.
Uranium Star has been able to retain the same exploration team that was
instrumental in advancing the world class Bisha project.
An initial examination of one part of the Three Horse Property revealed
several large areas covered with gossanous boulders which are believed to
overlie massive sulphide mineralization. At Bisha, in Eritrea, the gossanous
material contained appreciable amounts of gold which overlay an extensive
supergene enriched copper zone which itself overlay zinc rich massive
sulphides. It is anticipated that a similar weathering regime in Madagascar
may produce similar styles of mineralization at the Three Horse Property.
The Company was pleasantly surprised recently with the unexpected gold
potential of its Property. Coarse gold flakes up to 2-3mm were discovered in
streams. A number of airborne EM conductors of significance have been defined
close to this gold occurrence, and those conductors exhibited varying
characteristics that could be caused by gold hosting mineralization.
Craig Scherba, P.Geo., of Taiga Consultants is the Exploration Manager
and is supervising Uranium Star's exploration activities on the Three Horses,
Madagascar Property and the Sagar Property.
WARNING: The statements made in this news release may contain forward-
looking statements that may involve a number of risks and uncertainties.
Actual events or results could differ materially from expectations and
projections set out herein.
For further information:
For further information: please visit our website at www.uraniumstar.com
Or contact: Brent Nykoliation, Vice President of Business Development, Uranium
Star Corp., Toll Free: (800) 818-5442 or (416) 364-4911, Email:
email@example.com; or J. A. Kirk McKinnon, President and Chief
Executive Officer; Richard Schler, Chief Operating Officer & CFO