TORONTO, Sept. 18 /CNW/ - Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5)
is pleased to provide an update on its Three Horses Property in Madagascar and
an outline of the exploration plans for 2008.
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 contracted Fugro Airborne Surveys
Limited to complete a helicopter borne AEM - magnetometer survey on its Three
Horses Property. Final results of this work have been received by the Company,
who are very pleased to report that dozens of priority AEM anomalies have been
defined that require ground follow up work. The overall results of this survey
work will guide Uranium Star's exploration efforts for VMS deposits for the
Field crews headed by Taiga Consultants of Calgary mobilized to the
Property in the last quarter of 2007 to start regional geological mapping and
geochemical work as well as examine and sample known gossan mineralization.
The property has subsequently been geologically mapped and the results of this
work have been finalized. Geochemical work in the form of stream sediment
sampling of the majority of property area and soil sampling over a limited
area have been completed and analytical results have been received. Regional
lithogeochemical sampling and analysis has provided further supportive
evidence that the property is favorable for hosting VMS deposits.
The stream sediment results have defined anomalous base metal values some
of which appear to be related to distinct AEM anomalies. Soil sampling in the
northeastern part of the property, which is underlain by extensive gossans,
exhibits distinct base metal values and alteration indexes that are typical of
A permanent field camp has been established in the town of Fotadrevo
which lies within the boundary of the property. This camp will allow field
crews and contract personnel to function effectively and proficiently
throughout the life of Uranium Star's exploration efforts in the area.
The Three Horses Property displays classic Eriterian-style signatures.
The presence of extensive gossan exposures at surface bear attractive
similarities to Nevsun Resource's Bisha Project in Eritrea. F. William
Nielsen, P. Geo., the V.P. of Exploration for Nevsun, is a director of Uranium
Star. He played an integral roll in the discovery and advancement of the Bisha
gold-VMS deposit to the feasibility stage of development. 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.
Following the seasonal rains the field crew again mobilized to the Three
Horse Property in March 2008 with the specific task of following up on the
airborne geophysical survey results. Extensive line grids have been
established which have been geologically mapped, soil sampled and
geophysically surveyed. Spectral Geophysics from Botswana were contracted to
carry out extensive horizontal loop electromagnetic (HLEM) and magnetometer
surveys to verify and more accurately define individual targets on the ground.
A diamond drill has been contracted from Cartwright Drilling of Goose
Bay, Labrador. The drill is now in-country, in the final process of being
cleared by Customs, and once cleared, will be on route to the Property. A
minimum 5,000 meter drill program is scheduled to commence early October,
Uranium Star is greatly encouraged by its exploration efforts in
Madagascar to date. The Company believes that it is in the right geological
environment to host significant massive sulphide deposits that should contain
appreciable quantities of copper and zinc mineralization.
Kirk Mckinnon, President of Uranium Star states, "we are very anxious to
get the drilling program underway in order that the many targeted areas
defined by geology, geophysics and geochemistry can be tested for their
massive sulphide potential."
Additional work in the area has revealed that property in the area,
controlled by Uranium Star, has the potential to host significant gold
mineralization. The Company will report on these occurrences once field
reports are received.
Bill Nielsen, P.Geo., Director, is the designated qualified person for
the technical information contained in this press release.
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, Director 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, Vice President & CFO