Canstar Secures Drill Permit for Mary March, Advances Toward 2026 Drill Program

Core Viewpoint - Canstar Resources Inc. has received a drill permit for its Phase 1 drill program at the Mary March VMS Project, with drilling expected to commence in summer 2026, following the review of proposals from local drill contractors [1][3]. Exploration Strategy - The company is focusing on refining drill targets through an integrated exploration approach that combines geological interpretation with modern geophysical and geochemical datasets, aiming to support multiple future drill campaigns at the Mary March system [2][4]. - The exploration work is complemented by a potential upside from the Skellefte district in Sweden, pending the closing of a definitive agreement [3]. Project Highlights - The Mary March Project hosts multiple compelling drill targets, with a focus on building a foundational geological model to guide exploration and ensure efficient capital deployment [4]. - The decision to option the Golden Baie project to a third party is expected to reduce holding costs while maintaining leverage to gold and antimony discoveries through equity in the option holder [5]. Technical Updates - Lithogeochemical analysis indicates that volcanic rocks at Mary March are consistent with the historic Buchans VMS deposits, suggesting a favorable environment for high-grade VMS discovery [8][10]. - A comprehensive program of historic drill core re-logging is nearing completion, with 34 of 42 historic drill holes re-logged, providing critical geological data for a detailed 3D interpretation of the Mary March system [12][14]. Geophysical Surveys - A high-resolution drone magnetic survey has been completed, and a DCIP survey is currently underway, which is effective for detecting zones of disseminated sulphide mineralization [16][17]. - Borehole electromagnetic surveys will be conducted on selected historic drill holes to identify conductive sulphide mineralization near existing drill holes [18][19]. Company Overview - Canstar Resources Inc. is focused on discovering high-grade polymetallic deposits through rigorous exploration in proven mineral districts, with the Mary March Project being its flagship asset [23][24]. - The company maintains exposure to additional discovery opportunities through projects like the Golden Baie Project, which hosts high-grade gold and antimony mineralization [26].