Vancouver, B.C., June 12, 2014: Desert Star Resources Ltd. (TSX-V: DSR) (“Desert Star” or the “Company”) announces that it has completed field exploration at its Copper King property, located 5 km from the town of Superior, Arizona (Figure 1). The field program has greatly expanded the Copper King porphyry alteration footprint to an area of approximately 3.5 x 2.5 kilometers (greater than 8 km2) from a previous known footprint of approximately 2 km2, and has identified significant copper mineralization at surface. A total of 5 samples (out of 43 total) returned values between 0.5% and 4.55% copper.
“The results of the 2014 Copper King field program have surpassed our expectations,” stated Vince Sorace, President and CEO of Desert Star Resources. “Surface mapping has expanded the porphyry footprint at Copper King to a 3.5 by 2.5 kilometer area and high grade copper values at surface increase our confidence in the target”.
2013-2014 Exploration Program
The exploration program consisted of 1:5000 scale geological mapping and sampling as well as surface alteration mapping. Desert Star geologists are targeting the potentially copper-bearing down-plunge projection of the porphyry system exposed at surface. The objective of the 2014 field program was to map the extent and distribution of alteration at surface, and to improve the resolution of the existing geological mapping in order to bring the project to the drill-testing phase.
Geological Mapping and Sampling
The Company conducted a 17-day geological mapping and sampling program at Copper King. Geological mapping at 1:5000 scale expanded the alteration footprint at Copper King to approximately 8 km2 from a previous known footprint of approximately 2 km2 (Figure 2). In general, the surface alteration zonation at Copper King consists of distal actinolite-chlorite and more proximal quartz-sericite-pyrite, which is consistent with an east-northeastward tilted porphyry center (plunging 45 degrees toward the west-southwest). Intermediate to felsic porphyritic dyke swarms crop out at Copper King (Figures 2 and 3) and numerous historic adits and workings/prospects are present on the property, typically associated with chalcopyrite ± bornite ± copper oxide ± argentite ± tetrahedrite -bearing quartz-sericite-pyrite shear zones and quartz veins (Figure 2). A total of 43 rock samples were collected at Copper King. The highest values (up to 4.55% copper) were collected from quartz-sericite-pyrite altered faults, often associated with breccias and quartz veins. The highest grade copper values are commonly associated with significant silver values (up to 2100 g/t silver).
Figure 1. Location of the Copper King project.
About the Copper King Project
The Copper King project covers 1,398 hectares and consists of 189 unpatented federal lode mining claims located approximately 5 km 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).
Figure 2. Geological map of the Copper King property. The alteration zonation and surface geology suggest that an east-northeastward-tilted, west-southwestward-plunging lithocap is exposed at Copper King. Desert Star geologists are targeting a possible copper-bearing down-plunge projection of the porphyry system.
Dr. Alan J. Wainwright, PhD 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. Dr. Wainwright is a consultant of the Company.
The Company cautions that it is not implying that it will obtain the same or similar results at either its Red Top project or Copper King project as the Resolution Copper Project.
Figure 3. Interpreted geological cross-section (See Figure 2 for the location of A-A1) showing the interpreted subsurface (down-plunge) projection of the Copper King porphyry system.
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 atwww.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.