Jun 26, 2012 (ACCESSWIRE-TNW via COMTEX) — June 26, 2012 – VANCOUVER, Canada – Urastar Gold Corp. (“Urastar” or the “Company”) /quotes/zigman/6041786 CA:URS -19.57% /quotes/zigman/6072828 DE:3U3 -52.92% (otcqx:URNRF) is pleased to provide an update on three additional drill hole results at the El Antimonio property located in Sonora State, Mexico.
The Company is carrying out an extensive Reverse Circulation (RC) drilling program El Antimonio and so far 6,036 metres have been drilled in 28 holes. The most significant intersections previously released include 67 metres grading 0.54 grams per tonne gold in hole EA-12-21 and 29 metres grading 0.79 g/t gold in hole EA-12-17 (See news releases dated 6th and 15th of June 2012). Drilling is continuing with recently received significant intercepts as follows:
|Hole |From (m)|To (m)|Core Interval|Au (g/T)|Comment |
| | | |(m) | | |
|EA-12-22A|32.0 |85.3 |53.3 |0.44 |includes |
| | | | | |64.0-74.7(10.7m)|
| | | | | |@ |
| | | | | |1.36 g/T |
|EA-12-22A|257.6 |272.8 |15.2 |0.25 |A |
|EA-12-23 |0.0 |3.0 |3.0 |0.75 |A |
|EA-12-23 |13.7 |21.3 |7.6 |0.15 |A |
|EA-12-23 |39.6 |97.5 |57.9 |0.29 |includes |
| | | | | |39.6-64.0(24.4m)|
| | | | | |@ 0.37 |
| | | | | |g/T, and |
| | | | | |73.2-97.5(24.3m)|
| | | | | |@ |
| | | | | |0.30 |
| | | | | |g/T Au |
|EA-12-24 |59.4 |65.5 |6.1 |0.13 |A |
The large intercepts in holes EA-12-22A and EA-12-23 rank as high in importance as those obtained in holes 17 and 29. The Company considers these results highly significant and indicative of excellent potential for a bulk tonnage gold deposit.
Drill cutting samples were submitted to ALS Minerals in Hermosillo for preparation. Sample analysis was done at ALS Minerals in North Vancouver, Canada for gold by the Fire Assay method on 30 gram subsamples with AAS finish. ALS is an independent ISO certified commercial laboratory. Quality control included monitoring results of certified reference standards, duplicates and blank samples submitted with the samples. Intervals are measured down the hole and may not represent true thickness.
Dr. Matt Ball, P.Geo., is a Qualified Person pursuant to National Instrument 43-101 who has reviewed the technical information contained in this news release.
Adrian Robertson, President & CEO Tel: 604-682-2928
Launch IR Matthew Harrington, Investor Relations [email protected] Tel: 613-882-7467
THIS NEWS RELEASE WAS PREPARED BY MANAGEMENT WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. THE TSX-VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) DOES NOT 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.