Vancouver, B.C., May 16, 2016.Desert Star Resources Ltd. (TSX-V: DSR) (“Desert Star” or the “Company”) is pleased to announce that further to its press release dated April 5, 2016, the company has received a decision memo from the U.S. Forest Service approving the drilling of up to 10 sites on its Red Top project.
In addition, the Company is currently evaluating multiple new projects for acquisition, including more advanced-stage projects.
Red Top Exploration Highlights
The Red Top project is situated in a prolific, high-grade copper camp, and the drill target is characterized by alteration consistent with the upper levels of porphyry copper deposits in the district. The Red Top project is underlain by favorable host rocks and has no post mineral cover (in contrast to the Resolution Copper Project). Additional technical information regarding the Red Top project is available on the Desert Star website at: www.desertstar.ca.
Exploration at Desert Star’s Red Top Project, has consisted of 1:5000 scale mapping, clay alteration studies (short wave infrared measured by Terraspec), and a 3D Volterra IP study by SJ Geophysics. This work has identified a 3 x 1.5 kilometer anomaly that is highly prospective for porphyry copper mineralization approximately 9 kilometers northwest of the Resolution Deposit, and 9 kilometers west-northwest of the Superior East deposit. The host Pinal Schist at Red Top has been hydrothermally altered to quartz-sericite-(illite) pyrite with internal zones of pyrophyllite, minerals consistent with lithocaps which form at high levels in porphyry copper systems. Host rock lithology, clay alteration mineralogy and residual copper content within the Red Top lithocap (approximately 300 ppm) is very similar to the lithocap at Superior East, which sits directly above copper mineralization. The size and zonation within the 3 x 1.5 kilometer chargeability high/resistivity low IP anomaly suggest there may be two porphyry centers. This observation is supported by alteration data which shows two similarly located zones containing pyrophyllite.
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. The Red Top project is situated 9 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.
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.