Canstar Resources's Profile

Welcome To The Canstar Resources Inc HUB On AGORACOM Exploring For Gold and Base Metals

Canstar Resources Inc. is a Canadian mineral exploration and development company engaged in the business of exploring for mineral deposits, primarily gold and base metals.

Canstar is led by an experienced board of directors and a professional management team combining over 150 years of experience in exploration, mining, finance and business development.

The company's objectives and focus is to discover and develop economic mineral deposits, primarily in North America, Canstar has assembled a strong portfolio of properties ranging from grassroots to moderately advanced prospects.

In addition to the Mary March Project located in the prolific Buchans area of Newfoundland, the Company has recently acquired a 100% interest in the CBS Project located in the Conception Bay South area on the Avalon Peninsula, Province of Newfoundland and Labrador.

CBS Project

(Conception Bay South) Canstar has acquired 100 % interests in two mineral properties totaling 163 claims (4075 hectares), in the area of Conception Bay South on the Avalon Peninsula, Province of Newfoundland and Labrador.

McFauld’s Lake

Canstar’s McFauld’s Lake 1 and 3 properties in northwestern Ontario are located close to the heart of what is arguably the best base metals ‘area play’ in Canada at the present time. Currently under option to United Reef Limited (TSX-V: URP), the property is contiguous to the southeast with the Spider Resources/KWG Resources property where high grade zinc-copper-silver-lead-gold mineralization has been discovered in ongoing drilling since 2003. This includes an 18.8 m intersection of 8.02% copper in hole McF-04-57. In addition, the area is receiving significant attention with the recent discovery of high-grade-platinum group metal mineralization by Noront Resources. Drill intersections of up to 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver over 46.6 meters have been reported. A recent drill program conducted by United Reef failed to explain the source of the anomalies

Tahoe and Shrimp Lake Properties

Staked in January 2002, Canstar’s wholly-owned Tahoe and Shrimp Lake properties cover a prospective gold and base metal target within intensely altered volcanic and iron formation in the southern portion of the North Spirit Lake greenstone belt, about 170 kms north northeast of Red Lake, Ontario.

Miminska

Wholly owned by Canstar, the Miminiska Lake gold property located east of Pickle Lake in northwestern Ontario hosts high grade gold and visible gold in a geological setting directly analogous to Placer Dome's plus 200,000 ounce per year Musselwhite Mine in the same general area. Soil sampling in 2003 identified a large gold anomaly on the property. A seven-hole drill program to test geophysical targets was completed on the property in March 2005, with disappointing results. The company is hoping to interest other companies in a joint venture for the next phase of exploration.

Slate Bay Project

The Slate Bay property is located along the Red Lake “Mine Trend”, less than 10 kilometres northwest of Goldcorp’s producing Campbell and Red Lake Mines. Previous exploration on the property has intersected thick zones of copper-gold mineralization hosted by breccias and veins. Previous drill programs by the Company on the Slate Bay project identified a large copper-gold-silver mineralized skarn system, considered to be the most intense ever encountered in the Red Lake mining camp.

Grades of up to 7.2 g/t gold, 5.81% copper and 183 g/t silver were identified within considerably longer sections of lower grade material attaining widths of over 100m. Canstar owns a 75% interest in the Slate Bay project with Luxor Explorations Inc., a privately held company, owning the remaining 25%.

Last changed at 02-Sep-2011 11:37PM by AGORACOM-GT

Management & Directors

  • Managemenrt

    & Directors

    David Palmer, Ph.D., P.Geo.
    President

    A member of the Association of Professional Geoscientists of Ontario, Dr. David Palmer has spent the last eighteen years in the exploration industry in both executive and technical roles. He is the President and Director of Probe Mines Limited, a TSX Venture Exchange-listed company, and has managed projects and conducted research for major international mining companies in South America, South Africa, India, Greenland and Scandinavia, as well as working extensively throughout Canada. His work has covered a broad range of mineral commodities, including gold, base metals, diamonds, platinum group metals, and copper/nickel deposits.

    David holds a B.Sc. (Geology) degree from St. Francis Xavier University, M.Sc. and Ph.D. (Economic Geology) degrees from McGill University, and is a member of the Association of Professional Geoscientists of Ontario. He has published scientific papers in journals such as Economic Geology and Chemical Geology.

    David Palmer, Ph.D., P.Geo. is the Company's Qualified Person as defined under national instrument 43-101.

    Harry J. Hodge, B.Sc. Geology, P.Eng.
    Chairman

    A member of the Association of Professional Engineers of Ontario, Mr. Hodge holds a B.Sc. from St. Francis Xavier University. With over 40 years of experience in the minerals industry, he has held numerous senior positions in mining companies, including Senior Mine Geologist, Eastern Canada, for Noranda Mines Ltd., Chief Geologist for Conwest Exploration Co. Ltd. and Manager, Minerals Division, Eastern Canada for Shell Canada Resources from 1974 to 1979. Since 1979 he has been responsible for the administration and day-to-day operation of several publicly listed companies. He is currently a director of Stroud Resources Ltd., Abitex Resources Inc., Probe Mines Limited. In addition to his membership in the APEO, Mr. Hodge is a Fellow of the Geological Association of Canada, the Canadian Institute of Mining and Metallurgy, and the Prospectors and Developers Association of Canada.

    J. Patrick Reid
    Director & Member of the Audit Committee

    Patrick Reid has been associated with the Ontario Mining Association since 1984, originally as its Executive Director and recently retired as its President and CEO. From 1967 to 1984 Mr. Reid served as the MPP for the riding of Rainy River, Ontario and held various senior positions both within government and in opposition including Chairman, Public Accounts Committee, Finance and Revenue Critic for the Official Opposition, Member of the Select Committee on Guidelines for the Ombudsman, Vice Chair, Company Law, and Advisor – Canadian Comprehensive Auditing Foundation. Mr. Reid was the first president of the newly constituted Ontario Liberal party. Prior to his election to the Ontario Legislature he taught high school and was involved in the real estate and travel industry in the Lake of the Woods/Rainy Lake area. Mr. Reid holds a Bachelor of Arts degree from the University of Manitoba. He is a member of the Prospectors and Developers Association of Canada, the John T. Ryan Safety Awards Committee, and a past member of the Executive Committee of the Toronto Branch of the Canadian Institute of Mining and Metallurgy (CIMM). He was awarded the CIMM fellowship in 2001 for his outstanding contribution to the Canadian mining industry and the CIMM.

    John E. Hurley
    Director & Chairman of the Audit Committee

    Mr. Hurley is a partner in McGovern, Hurley and Cunningham LLP, a Toronto Chartered Accounting firm that he co-founded in 1980. He holds a CPA degree from the University of Illinois and received his CA designation in 1974 while articling with Price Waterhouse & Co. in Toronto. His clients include both privately held and publicly traded junior resource cos. Mr. Hurley has also served as a director to a number of publicly traded junior mining companies.

    William S. Deluce
    Director & Member of the Audit Committee

    Mr. Deluce is the President and Chief Operating Officer of CSAE Inc., an aircraft leasing, financing and management company covering Canada and the USA, Central and South America, Africa and the Middle East. Formerly Mr. Deluce was President and CEO of C&C Yachts Limited (1985-1986), Air Ontario Inc. (1986-1991), Wingco Leasing Inc. (1988-1991), South African Express Airways (Pty) Ltd. (1992-1996), SMT Surface Modification Technologies Inc. (1998-2000) and McComas Industries International Inc. (1998-2000). He is currently a Director of St. Michael’s Hospital Foundation, CSAE Inc. and Nikron Technologies. Mr. Deluce is a former Director of Canadian Tire Corporation and South China Industries.

Broker Fact Sheet

  • ROX Broker Fact Sheet
    Thu Mar 29, 2019
    Fact sheet details
Canstar Resources
Symbol
ROX
Exchange
TSX-V
Shares
70,497,547 FD June 30, 2008
Industry
Metals & Minerals
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