VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec 9, 2013) - Eagle Star Minerals Corp., (TSX VENTURE:EGE)(ELGSF)(E6R.F) ("Eagle Star" or "the Company") is very pleased to announce highlights from new results from three (3) additional drill holes forming part of the Santiago Target resource delineation drill program. Santiago is one of nine (9) targets identified to date hosting high-grade mineralization at surface within the Bomfim Project. Drill hole STW-RC-03 intersected from surface, 17m @ 10.99% P2O5 (incl. 12m @ 14.24% P2O5 incl. 7m @ 17.01% incl. 3m @ 19.89% P2O5) yet again confirming the presence of significant high-grade phosphate mineralization within the Santiago Target. Drill hole STW-RC-05 intersected from surface 22.00m @ 5.33% P2O5 (incl. 10.00m @ 7.47% P2O5 incl. 3.00m at 10.09% P2O5) yet again confirming the presence of significant lower grade phosphate mineralization within the Santiago target.
"The re-discovery of significant width high-grade mineralization as well as significant width lower grade mineralization by way of drilling at the Santiago Target certainly fuels our motivation to further drill test the substantial surface expression of phosphate mineralization outlined by previous mapping and sampling. I believe that the reported results not only reflect the success we are experiencing at Santiago, but also clearly show this target's significance to the Bomfim Project as a whole. I now look forward to receiving further results from the ongoing drill program as we work towards delineating a resource at Santiago," commented Professor Amorim, Eagle Star's newly appointed Senior Exploration Advisor.
In a recent news release (dated Nov. 25th, 2013), the Company announced significant drill results from both the STP and the STW domains within the Santiago Target. The drill holes from the STP area are located approximately 250 meters from MbAC Fertilizers' ("MbAC") claim boundary and have confirmed that the Canabrava mineralization located on MbAC's Itafos property extends into the Santiago Target. Drill holes reported here in the STW area are approximately 1.5 km northeast of the STP area. The Canabrava deposit is described by MbAC as containing 20.4 Mt indicated at an average grade of 5.53% P2O5 and 3.7 Mt inferred at an average grade of 4.94% P2O5. (MbAC's Technical Report dated March 27, 2013 is available at www.sedar.com).
The results reported here are located in and around the STW area where an outcrop measuring approximately 600 x 300 meters and containing high-grade mineralization has been identified through detailed mapping.
|Hole ID||From (m)||To (m)||Interval (m)||P2O5(%)|
Longest intervals were calculated using a 2.4% P2O5 cut-off, allowing enclosed intervals of one or two samples below cut-off and include a combination of phosphorite and mineralized siltstone. High grade mineralization in this news release is defined as ≥10% P2O5.
The reverse circulation ("RC") drilling program for the Santiago Target is scheduled for a total of 160 holes. The results of 9 drill holes have now been received and their highlights released. All drilling has been with vertical holes and drill widths are believed to represent the true width of the mineralized zone. Chips from reverse circulation drilling are collected in bags for each one meter interval. Chips are logged at the drill site and a representative split is taken on site for submission to the analytical laboratory.
The Company implements industry recognized QAQC methods at the project. The Qualified Person has reviewed the QAQC results and inspected procedures during a previous site visit but has not otherwise verified the data in this news release. Intertek Laboratories (Intertek) of Sao Paulo Brazil was used for analytical work reported in this news release. Intertek is part of an international group of certified (ISO 9001:2008) laboratories recognized in the industry for geochemical and agricultural testing. Determination of P2O5 was done by Intertek method XR55L which prepared the sample with a lithium tetraborate fusion followed by XRF analysis. Intertek is independent of the Company.
John Harrop PGeo, FGS, of Coast Mountain Geological Ltd, a qualified person and independent of the Company under NI 43-101, reviewed and approved the technical disclosures of this press release on behalf of the Company.
ABOUT THE COMPANY
Eagle Star Minerals Corp is a publicly listed company focused on the acquisition, exploration and development of agro-mineral properties in Brazil. Over the past three years, Eagle Star Minerals has strategically grown its' presence in Brazil and continues to focus on maximizing shareholder value by acquiring assets located in geological areas known for proven phosphate mineralization, coupled with good logistics in close proximity to agriculture. The Company's shares are publicly traded on the TSX Venture Exchange under the symbol EGE, on the OTC Pink Sheets under the symbol ELGSF and on Frankfurt Stock Exchange under the symbol E6R.
On behalf of the Board of Directors
EAGLE STAR MINERALS CORP.
Eran Friedlander, President
Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsibility for the adequacy or accuracy of this press release.
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