Vancouver, B.C., June 17th, 2014: Desert Star Resources Ltd. (TSX-V: DSR) (“Desert Star” or the “Company“) announces that it has completed a gravity survey at its Copper Springs project. The gravity survey has been conducted by hydroGEOPHYSICS Inc. (HGI). Results of the survey will be provided in approximately two to three weeks.
Copper Springs Gravity Survey
The gravity survey at Copper Springs builds on a historic single line (22 stations) survey completed by HGI in 2012. The current survey consists of 120 new stations across the property as well as 20 additional regional stations (Figure 1). Gravity is useful in determining depths to bedrock, the geometry of the basin and locating geological structures, and takes advantage of density contrasts in the subsurface, such as those between bedrock (gravity high) and alluvial sediments (gravity low). The gravity survey at Copper Springs is expected to allow Desert Star to model the interface between the Precambrian to Laramide bedrock and the modern sedimentary basin-fill. Prospective host rocks lie beneath the latter. The survey is also expected to identify major faults and lithological contacts which will be used to guide exploration drilling.
Copper Springs Project
The Copper Springs area has been explored by several previous exploration companies. In 2009-2010, two holes were drilled (CSN-5 and CSN-6) for a total of 1,189 meters, centered on the northeastern portion of the claim block. Both drill holes failed to reach what Desert Star believes is the target depth. Drill hole CSN-5 was cut short due to budget constraints and drill hole CSN-6 was abandoned due to depth limitations of the mud rotary drill rig. Drill hole CSN-6 was cased to 512 meters and could be re-entered using core or reverse circulation drilling methods.
Geological investigations, including Tertiary fault reconstruction, have provided a geological framework that has been used to vector toward fault-bound portions of the dismembered porphyry copper centers, which are interpreted to lie concealed under post-mineral cover.
The Copper Springs project covers 2,175 hectares and consists of 241 unpatented federal lode claims and one Arizona State lease, and is located within the Globe-Miami Copper District (Figure 2). Certain of the surface rights overlying the mining claims are located on private lands, while other surface rights are administered by the National Forest Service. The project is located adjacent to US Highway 60 in Gila County, Arizona. Existing infrastructure, including a smelter, roads, power, and rail are located nearby the project.
The Globe-Miami Copper District contains a cluster of porphyry centers that have been dismembered by Tertiary normal faults. Copper deposits in the district include Pinto Valley (Capstone Mining), Carlota (KGHM International), Copper Cities (BHP Billiton), Miami-Inspiration (Freeport-McMoRan) and Old Dominion (historical mine now owned by BHP Billiton). The Copper Springs 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 Copper Springs project as any of the other named projects.
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.
About Desert Star Resources
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 firstname.lastname@example.org 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 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 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 and develop the projects; the ability of Desert Star to drill for and find mineral resources, and monetize any mineral resources discovered or acquired; 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 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.