October 05, 2012 10:18 pm
It's time to do some serious dd on Canstar Resources. Canstar undeniably has significant potential. Frankly it would be a disservice not to do extensive dd on this one.
CANSTAR RESOURCES (ROX.V) is a great potential winner. CANSTAR (ROX.V) has a great story ---- 10 years in court over a really nice property that has high grade historic drill results. All the drama is finally out of the way and this thing has been steadily rising despite the fact that commencement of drilling hasn't even been announced yet. Some DD would be advisable. Suggestions: read the article in the The Business Post (Newfoundland and Labrador's Journal of Business) Vol. 7 No. 8 Page 3. Also a previous article in this same Journal Vol. 3 No.8 -- front cover. Of particular interest is the fact that shortly after a couple of high grade discovery holes were drilled, a fight broke out over this property, between prominent Newfoundland prospector and co-discoverer of the Voisey's Bay massive nickel deposit, Al Chislett and CANSTAR RESOURCES, a junior mining company that had picked up the rights to 50 percent of the property. Located in central Newfoundland, this property is 20 km northeast of and within the same geological group that hosts the former producing Buchans mine, Discovery holes drilled produced some of the highest grade base and precious metal intersections ever achieved in the area outside the Buchan's mine. Location couldn't be better, the Buchan's highway passes right by the property. You couldn't get any better access. I believe a call to the company would be prudent at this stage of development.
The story just gets better realizing that ROX.V is in partnership with one of the largest mining companies in the world.
Great potential base and precious metal mine(s)
Great location, access etc.
Inexpensive exploration costs
Undeniably, a partner with deep pockets who could take the property to production.
All in all a great story for a junior company.