Uranium Star Commences Drilling on Massive Sulphide and Gold Property in Madagascar
Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5) is pleased to announce it has commenced its Fall 2008 drill program on its Three Horses Property in Madagascar. The drill program will operate through late December 2008.
VMS and Gold Targets Prioritized
Approximately 5,000 metres of diamond drilling will be focused on multiple high-priority gold and VMS targets identified on the Property. Drill targets were prioritized through the analysis of compiled geological, geochemical, and geophysical data sets collected to date.
About the Property
Uranium Star’s Three Horses Property located in south-western Madagascar displays the distinct mineralization and alteration styles associated with volcanogenic massive sulphide (VMS) deposits. These deposits can host significant quantities of copper, zinc, lead and precious metals.
In the latter part of 2007 Uranium Star conducted an airborne magnetometer survey on its Three Horses Property and dozens of priority targets were identified.
The Three Horses Property displays numerous targets that have classic Eriterian VMS signatures; large gravity anomalies coincident or close to outcropping gossans. The presence of extensive gossan exposures at surface bear attractive similarities to Nevsun Resource’s Bisha Project in Eritrea. Uranium Star has been able to retain the same exploration team that was instrumental in advancing the world class Bisha project.
An initial examination of one part of the Three Horse Property revealed several large areas covered with gossanous boulders which are believed to overlie massive sulphide mineralization. At Bisha, in Eritrea, the gossanous material contained appreciable amounts of gold which overlay an extensive supergene enriched copper zone which itself overlay zinc rich massive sulphides. It is anticipated that a similar weathering regime in Madagascar may produce similar styles of mineralization at the Three Horse Property.
The Company was pleasantly surprised recently with the unexpected gold potential of its Property. Coarse gold flakes up to 2-3mm were discovered in streams. A number of airborne EM conductors of significance have been defined close to this gold occurrence, and those conductors exhibited varying characteristics that could be caused by gold hosting mineralization.
Craig Scherba, P.Geo., of Taiga Consultants is the Exploration Manager and is
supervising Uranium Star’s exploration activities on the Three Horses, Madagascar Property and the Sagar Property.
For more information, please visit our website at www.uraniumstar.com
Vice President of Business Development
Uranium Star Corp.
Toll Free: 800.818.5442 or 416.364.4911
J. A. Kirk McKinnon, President and Chief Executive Officer
Richard Schler, Chief Operating Officer & CFO
WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.