Canstar Resources Inc.

Description

Canstar Resources Inc. is a TSXV (ROX) and OTC (CSRNF) listed exploration company targeting volcanogenic massive sulphide deposits in Newfoundland and Sweden. Its main project is the 145.6 square kilometre Buchans-Mary March project in central Newfoundland, about 20 kilometres from the historic Buchans Mine, which produced 16.2 million tonnes at 14.5% zinc, 7.6% lead, 1.33% copper, 126 g/t silver and 1.37 g/t gold. VMS Mining Corporation has advanced C$4.0 million toward a Phase 2 earn-in option that would fund the 2026 drill program.

Canstar also owns 100% of the roughly 68,000 hectare Skellefte project in Sweden, where Phase 1 geochemistry is under way. It optioned the Golden Baie gold-antimony project to Churchill Resources in March 2026 for C$208,167, 15.83 million Churchill shares (about 5%), up to a further 4.99% and a 0.5% net smelter royalty. It has no NI 43-101 resource, PEA, PFS or DFS, and first-hole drilling at Mary March showed encouraging visual results with assays pending.

Weakness

List of projects

Project 1: Buchans-Mary March Project, central Newfoundland, Canada — earn-in with VMS Mining Corporation (Phase 2 option), 1,600 ha; metals: Copper, Zinc, Lead, Silver, Gold.
Project 2: Skellefte Project, Sweden — 100% interest, about 68,000 ha; metals: Copper, Zinc, Gold.
Project 3: Golden Baie Project, south-central Newfoundland, Canada — optioned to Churchill Resources (Canstar keeps 0.5% NSR and an equity stake); metals: Gold, Antimony.

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