VANCOUVER, British Columbia, April 10, 2012 /PRNewswire via COMTEX/ — Urastar Gold Corp. (the “Company”) (otcqx:URNRF) reports assays from 13 reverse circulation drill holes resulting in significant new gold intersections on the La Juliana Deposit. The Juliana Gold project is located in the prolific Sierra Madre Gold Belt approximately 7 km from Alamos Gold’s flagship Mulatos Gold Mine (see location map at www.Urastargold.com ). New assay highlights include 20 ft grading 1.9 g/t Au from the 150 to 170 foot level (more details in table below).
Urastar President Adrian Robertson, P.Eng, comments, “These results demonstrate the excellent gold potential at La Juliana. We were initially drawn to the property due to its proximity and similar geology to Alamos Gold’s Mulatos Gold Mine and Agnico Eagle’s La India project. Along with our El Jabali property, where we plan to drill in the near future, Urastar controls the last two parcels of high potential ground in the Mulatos district not controlled by Agnico-Eagle or Alamos Gold. We plan to revisit the La Juliana property to expand on these results within the next few months with an aggressive exploration program.”
Figure 1: Mulatos Area Claims Map
To View Map Image, please copy and paste URL below into a new browser:
Table 1: Significant Drill Results
Drill Hole From (ft) To (ft) Int.(ft) Au ppm Ag ppm
LJN-12-01* 20 25 5 0.402 1.2
* no recovery in target zone
LJN-12-02 -halted by bad ground conditions, poor sample recovery
LJN-12-03 15 45 30 0.28 !!!!0.2
incl. 15 20 5 1.18 !!!!0.2
and 80 95 15 0.98 !!!!0.2
and 150 160 10 0.21 0.3
LJN-12-04 no significant intercepts
LJN-12-05 no significant intercepts
La Juliana North
LJN-12-06A 220 225 5 0.36 0.3
LJN-12-06B 150 170 20 1.9 0.18
incl. 155 160 5 5.44 0.2
and 260 270 10 0.26 0.45
LJN-12-07 55 70 15 0.29 0.37
and 130 135 5 0.192 0.1
LJN-12-08 130 140 10 0.292 5.9
LJN-12-09 10 15 5 0.184 0.1
and 35 70 35 0.647 **15
**resubmitted for overlimits
LJN-12-10 90 145 55 0.535 0.87
incl. 90 100 10 1.678 0.55
-halted in mineralization by bad ground conditions
LJN-12-11 no significant intercepts
LJN-12-12 155 165 10 0.185 0.7
-abandoned because of hole collapse
This program was designed to test for extensions and roots of known mineral systems at the Juliana Gold Project . Drilling in the La Juliana and Juliana North were hampered by poor ground conditions resulting in significant intervals of low or no recovery or termination of the drill hole prior to target depths. Several drill holes were ended prior to target zones or had poor or no recovery with the target zone.
All drill samples from the La Juliana 2012 Stage I drilling program were analyzed at ALS Chemex, Hermosillo, Mexico utilizing a ICP41 41-element analytical package with AUAA23 Fire Assay finish for gold on all samples. All RC samples were split on-site at the Hyland exploration camp and shipped to ALS Chemex, Hermosillo, Mexico where samples were sorted and crushed to appropriate particle size (pulp) and representatively split to a smaller size for shipment to ALS Chemex’s Vancouver analysis facility. A comprehensive system of standards, blanks and field duplicates was implemented in the 2012 exploration program (regional/diamond drilling) and is analyzed as chemical assay data becomes available. Michael Collins, P.Geo. is the Company’s Qualified Person with respect to the Company’s La Juliana Project and has reviewed and approved this press release.
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. NEITHER THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release includes certain statements that express management’s expectation or estimates of future performance and may be deemed “forward-looking statements.” These forward-looking statements include plans, estimates, forecasts and statements as to management’s expectations regarding exploration. These forward-looking statements involve assumptions, risks and uncertainties and actual results may vary materially. For these reasons shareholders should not place undue reliance on such forward-looking information.
For further information, please contact:
Urastar Gold Corp.Adrian Robertson, P.Eng, President604-682-2928