Vancouver, B.C., November 12, 2014. Desert Star Resources Ltd. (TSX-V: DSR) (“Desert Star” or the “Company“) announces that it has identified a large Induced Polarization (“IP“) geophysical anomaly resulting from a follow-up 3D IP survey (performed by SJ Geophysics) at its Copper King Project (Figure 1). The IP anomaly, together with the lithological, alteration and geochemical data the Company previously generated represents a high quality porphyry copper drill target for Desert Star. The Copper King Project is located in the copper-endowed Superior Mining District and contains alteration zonation patterns that are consistent with the top of porphyry copper systems.
Follow-Up 3D IP Geophysics Survey and Results at Copper King Project
The Company commissioned the11-day Volterra 3D IP geophysical survey (the “Survey“) at the Coper King Project in order to increase confidence in the location, geometry and intensity of the geophysical anomaly first identified in August, 2014 (see the Company’s news release dated August 14, 2014). The parameters of the Survey included a 112-meter distributed diamond array with a line spacing of 300 meters.
The Survey defined a coincident chargeability high (18 to > 35 msec) and resistivity low (>10 to 2000 ohm-m) anomaly within the Copper King Project claim block. The geophysical target features are present from 200m to 700m depth (open at depth) and range in plan-view size from 700m x 500m (200m depth slice) to 1000m x 1300m (700m depth slice). The IP anomaly is characterized by a zoned chargeability/resistivity pattern typical of porphyry systems, and has a spatial association with the eastern contact between pre-mineral quartz diorite and Pinal Schist. The IP anomaly is consistent in size, geometry and position with a west-southwest plunging porphyry copper target, previously suggested by geologic mapping.
About the Copper King Project
The Copper King Project covers 1,438 hectares and consists of 189 unpatented federal lode mining claims located approximately five 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 target at the Copper King Project represents the side and/or top of a tilted, intact porphyry system. The Company has optioned the Copper King Project 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.
Figure 1. Location of the Red Top 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.
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 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 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.