Vancouver, B.C., September 23, 2014. Desert Star Resources Ltd. (TSX-V: DSR) (“Desert Star” or the “Company“) announces that it has commenced follow-up Induced Polarization (“IP“) geophysical surveys (performed by SJ Geophysics) at each of its Copper King and Red Top projects in Arizona (Figure 1), and has expanded the claims boundary of the Red Top project to the north of the property. The Copper King and Red Top projects are adjacent properties located in the copper-endowed Superior Mining District and each contains alteration patterns consistent with the top of porphyry copper systems.
Follow-Up IP Geophysics at Red Top and Copper King Projects
Desert Star has commenced follow-up geophysics using the Volterra 3D IP System at Red Top (Figure 2A) and Copper King (Figure 2B) in order to further define the location, extent and geometry of the IP anomalies the Company identified in Q2 2014. This work will build on the alteration, structural, lithological and geochemical targeting work completed by Desert Star’s technical team, with the aim of prioritizing drill targets. The Company will collect a total of 20,000 and 10,000 IP line meters (300 meter line spacing) worth of data at Red Top and Copper King, respectively. Results will be announced when completed.
Red Top Additional Claims
As a result of the Company identifying an open-ended, 1,400-meter coincident chargeability and resistivity anomaly in the Q2 2014 IP geophysical survey at the Red Top project, Desert Star staked 44 additional claims to the north of the property. The newly staked ground covers 720 acres of ground in Pinal County, Arizona.
About the Red Top Project
The Red Top project consists of 192 unpatented federal lode mining claims covering 1,463 hectares, located 8.5 km from the town of Superior, Pinal County, Arizona, and is road-accessible year-round (Figure 1). The Red Top project is situated 8 km northwest of the Resolution Copper Project, a joint venture project owned by Rio Tinto and BHP Billiton, and one of the world’s largest undeveloped copper projects. The Red Top project is under option from Eurasian Minerals Inc. (TSX-V: EMX; NYSE MKT: EMXX). The Company cautions that it is not implying that it will obtain the same or similar results at its Red Top project as the Resolution Copper Project.
Figure 1. Location of the Red Top and Copper King projects.
About the Copper King Project
The Copper King project covers 1,438 hectares and consists of 189 unpatented federal lode mining claims located approximately 5 kilometers from the world-class Resolution Copper Project and the town of Superior. The Copper King project is prospective for bulk tonnage copper and molybdenum mineralization. Alteration zonation and surface geology suggest that the Copper King target represents the side and/or top of a tilted, intact porphyry system. The Copper King project is under option from Eurasian Minerals Inc. (TSX-V: EMX; NYSE MKT: EMXX). The Company cautions that it is not implying that it will receive the same or similar results as the Resolution Copper Project.
Daniel MacNeil, MSc PGeo, a Qualified Person as defined by National Instrument 43-101, has read and approved all technical and scientific information contained in this news release. Mr. MacNeil is the Company’s Vice President, Exploration.
Figure 2. Newly staked claims and the location of follow-up 3D Volterra IP Geophysical lines on the Red Top (2A) and Copper King (2B) properties.
About Desert Star
Desert Star is a Vancouver-based mineral exploration company focused on the identification, acquisition and development of copper and gold projects located in top-tier mineral belts in the southwestern United States that contain significant historical production, existing mining infrastructure and an established mining culture.
President and CEO, Desert Star Resources Ltd.
For further information regarding Desert Star, please email email@example.com or visit our website at www.desertstar.ca.
Cautionary Note Regarding Forward-Looking Statements
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Desert Star believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks and uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Such material risks and uncertainties include, but are not limited to, Desert Star’s ability to raise sufficient capital to fund its obligations under its property option agreements, to maintain its mineral tenures and concessions in good standing, to explore and develop its projects, to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the ability of Desert Star to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained, to obtain such permits and consents in a timely fashion relative to Desert Star’s plans and business objectives for the projects; the general ability of Desert Star to drill test its projects and find mineral resources; if any mineral resources are discovered or acquired, the Company’s ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could have an impact on the Company’s operations. Forward-looking statements are based on the reasonable beliefs, estimates and opinions of Desert Star’s management on the date the statements are made. Except as required by law, Desert Star undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.