Eagle Star Intersects Yet Again Significant High-Grade Mineralization at Bomfim's Santiago Target Including 12 Meters @ 14% P...
December 09 2013 - 9:30AM
Marketwired
Eagle Star Intersects Yet Again Significant High-Grade
Mineralization at Bomfim's Santiago Target Including 12 Meters @
14% P2O5
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2013) - Eagle
Star Minerals Corp.,
(TSX-VENTURE:EGE)(PINKSHEETS:ELGSF)(FRANKFURT:E6R) ("Eagle Star" or
"the Company") is very pleased to announce highlights from new
results from three (3) additional drill holes forming part of the
Santiago Target resource delineation drill program. Santiago is one
of nine (9) targets identified to date hosting high-grade
mineralization at surface within the Bomfim Project. Drill hole
STW-RC-03 intersected from
surface, 17m @ 10.99% P2O5 (incl. 12m @ 14.24%
P2O5 incl. 7m @ 17.01% incl. 3m @ 19.89%
P2O5) yet again confirming the
presence of significant high-grade phosphate mineralization within
the Santiago Target. Drill hole STW-RC-05 intersected from surface
22.00m @ 5.33%
P2O5 (incl. 10.00m @ 7.47%
P2O5 incl. 3.00m at 10.09%
P2O5) yet again confirming the
presence of significant lower grade phosphate mineralization within
the Santiago target.
"The re-discovery of significant width high-grade mineralization
as well as significant width lower grade mineralization by way of
drilling at the Santiago Target certainly fuels our motivation to
further drill test the substantial surface expression of phosphate
mineralization outlined by previous mapping and sampling. I believe
that the reported results not only reflect the success we are
experiencing at Santiago, but also clearly show this target's
significance to the Bomfim Project as a whole. I now look forward
to receiving further results from the ongoing drill program as we
work towards delineating a resource at Santiago," commented
Professor Amorim, Eagle Star's newly appointed Senior Exploration
Advisor.
In a recent news release (dated Nov. 25th, 2013), the Company
announced significant drill results from both the STP and the STW
domains within the Santiago Target. The drill holes from the STP
area are located approximately 250 meters from MbAC Fertilizers'
("MbAC") claim boundary and have confirmed that the Canabrava
mineralization located on MbAC's Itafos property extends into the
Santiago Target. Drill holes reported here in the STW area are
approximately 1.5 km northeast of the STP area. The Canabrava
deposit is described by MbAC as containing 20.4 Mt indicated at an
average grade of 5.53% P2O5 and 3.7 Mt inferred at an average grade
of 4.94% P2O5. (MbAC's Technical Report dated March 27, 2013 is
available at www.sedar.com).
The results reported here are located in and around the STW area
where an outcrop measuring approximately 600 x 300 meters and
containing high-grade mineralization has been identified through
detailed mapping.
Hole ID |
From (m) |
To (m) |
Interval (m) |
P2O5(%) |
STW-RC-03 |
0.00 |
17.00 |
17.00 |
10.99 |
|
Including |
0.00 |
12.00 |
12.00 |
14.24 |
|
including |
1.00 |
8.00 |
7.00 |
17.01 |
|
including |
2.00 |
5.00 |
3.00 |
19.89 |
STW-RC-05 |
0.00 |
22.00 |
22.00 |
5.33 |
|
Including |
0.00 |
10.00 |
10.00 |
7.47 |
|
Including |
0.00 |
3.00 |
3.00 |
10.09 |
Longest intervals were calculated using a 2.4% P2O5 cut-off,
allowing enclosed intervals of one or two samples below cut-off and
include a combination of phosphorite and mineralized siltstone.
High grade mineralization in this news release is defined as ≥10%
P2O5.
The reverse circulation ("RC") drilling program for the Santiago
Target is scheduled for a total of 160 holes. The results of 9
drill holes have now been received and their highlights released.
All drilling has been with vertical holes and drill widths are
believed to represent the true width of the mineralized zone. Chips
from reverse circulation drilling are collected in bags for each
one meter interval. Chips are logged at the drill site and a
representative split is taken on site for submission to the
analytical laboratory.
The Company implements industry recognized QAQC methods at the
project. The Qualified Person has reviewed the QAQC results and
inspected procedures during a previous site visit but has not
otherwise verified the data in this news release. Intertek
Laboratories (Intertek) of Sao Paulo Brazil was used for analytical
work reported in this news release. Intertek is part of an
international group of certified (ISO 9001:2008) laboratories
recognized in the industry for geochemical and agricultural
testing. Determination of P2O5 was done by Intertek method XR55L
which prepared the sample with a lithium tetraborate fusion
followed by XRF analysis. Intertek is independent of the
Company.
John Harrop PGeo, FGS, of Coast Mountain Geological Ltd, a
qualified person and independent of the Company under NI 43-101,
reviewed and approved the technical disclosures of this press
release on behalf of the Company.
ABOUT THE COMPANY
Eagle Star Minerals Corp is a publicly listed company focused on
the acquisition, exploration and development of agro-mineral
properties in Brazil. Over the past three years, Eagle Star
Minerals has strategically grown its' presence in Brazil and
continues to focus on maximizing shareholder value by acquiring
assets located in geological areas known for proven phosphate
mineralization, coupled with good logistics in close proximity to
agriculture. The Company's shares are publicly traded on the TSX
Venture Exchange under the symbol EGE, on the OTC Pink Sheets under
the symbol ELGSF and on Frankfurt Stock Exchange under the symbol
E6R.
On behalf of the Board of Directors
EAGLE STAR MINERALS CORP.
Eran Friedlander, President
Neither the TSX Venture Exchange Inc. nor its Regulation Service
Provider (as that term is defined in the policies of the TSX
Venture Exchange Inc.) accepts responsibility for the adequacy or
accuracy of this press release.
Eagle Star Minerals Corp.Patrick BrandrethSenior Manager,
Corporate
Development1-604-282-7157patrick@eaglestarminerals.comwww.eaglestarminerals.com
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