Canstar Trenching Reveals up to 5% Copper, +30% Zinc in Early Bedrock Spot Analysis, Reveals Semi-Massive Sulphide in Footwall Mineralization

Core Viewpoint - Canstar Resources Inc. has reported significant findings from its trenching program at the Mary March project, indicating the presence of high-grade base metal mineralization, particularly copper and zinc, which enhances the project's potential for hosting volcanogenic massive sulphide (VMS) deposits [1][4][5]. Trenching Program Results - The trenching program has exposed over 20 meters of footwall mineralization, revealing thin lenses of high-grade base metals [1][4]. - Preliminary analyses showed maximum yields of +30% zinc, 3% lead, and 4% copper from bedrock samples [4]. - Historical data indicates that the mineralization identified may extend 130 meters to the surface and 80 meters to the northeast from previous drill hole findings [1][4]. Geological Context - The Mary March project is located in the Buchans Mining District, known for its high-grade VMS deposits, with historical average ore grades of 14.51% zinc, 7.56% lead, and 1.33% copper [7][10]. - The project remains one of the least explored areas within this prolific mining camp, suggesting significant untapped potential [1][7]. Future Exploration Plans - Canstar plans to refine drill targets based on the results of the trenching program and ongoing geological mapping, with exploration drilling expected to commence in early 2026 [1][8]. - The company is integrating new and historical data into a 3-D model to enhance target generation for future drilling [8][10]. Acquisition of Mining Claims - Canstar has entered into option agreements to acquire a 100% interest in additional mineral licenses in Newfoundland, expanding its land position in the Mary March area [9][10]. - The new claims are strategically located adjacent to the Mary March project and are believed to be geologically similar to areas with significant historical mineralization [10][11]. Financial Terms of Acquisition - To maintain the option for the new mineral licenses, Canstar will make payments totaling $71,000 and issue 350,000 common shares over three years [12]. - Upon exercising the option, the Optionors will retain a 2.0% net smelter returns royalty, with the possibility for Canstar to repurchase half of this royalty [12].