Dunite Hill Geophysics Underway MAN Nickel-Copper-PGE Property, Alaska.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--May 1, 2003 Nevada Star Resource Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NVSRF) (TSX-VENTURE: NEV NEV Nevada (old style US postal abbreviation) NEV Neighborhood Electric Vehicle NEV Nevis, Leeward Islands, Saint Kitts And Nevis (Airport Code) NEV Network Enhancement Vehicle NEV Network Event Viewer ) (the "Company") is pleased to report that a ground geophysical survey is now underway on its 100% owned Dunite dunite Yellowish green to green igneous rock composed almost entirely of olivine. Chromite and magnetite also occur in dunite, as do spinel, ilmenite, pyrrhotite, and platinum in some cases. Dunites may be a source of chromium. Places of occurrence include Dun Mtn. Hill Project. Dunite Hill is one of six key target areas on its MAN nickel-copper-platinum group element (PGE PGE Pacific Gas and Electric Company PGE Portland General Electric PGE Prostaglandin E PGE Platinum Group Elements PGE Pacific Great Eastern (Railroad) PGE Phenyl Glycidyl Ether PGE Perfect Girl Evolution ) property, Alaska. Highlights of the Dunite Hill target include (see news release of December 12, 2002 for details): -- Similarities to the giant Noril'sk Ni-Cu-PGE deposit in Russia in terms of age, geology, geochemistry and tectonomagmatic setting. -- Possible massive to disseminated sulphide mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. reflected in a large, dense, conductive and magnetic keel to the Dunite Hill Complex. The objective of the survey is to confirm and provide detailed survey coverage over regional geophysical anomalies in order to define drill targets for a proposed summer 2003 drill program. The current survey, over approximately 100 line miles of grid, includes a ground loop electromagnetic survey (UTEM) to define conductive zones and a gravity survey to locate rock units of high density. The target is nickel-copper-PGE bearing massive sulphide mineralization that is typically characterized by high conductivity, high density and high magnetic susceptibility. The area has previously been surveyed by a low level airborne magnetic and electromagnetic survey as well as MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. soil geochemistry. Recent regional studies by the U.S. Geological Survey and Bureau of Land Management have defined a highly conductive zone (magnetotelluric survey), with coincident high gravity and magnetics, that has a potential strike length of over 10 miles within the core of the Dunite Hill Complex. The conductor appears to lie within one mile of surface, possibly continuing towards surface around the periphery of the intrusion. Preliminary modeling suggests a flat-lying, highly conductive, dense and magnetic body that could be caused in part by massive to disseminated sulphide mineralization. Gravity and magnetic data suggest an intrusive feeder zone beneath the deeper, western portion of the anomaly. The shallow eastern portion has no root zone and a gentle dip, presenting an ideal trap for magmatic sulphide accumulation. Integrating this data, the Company has produced a compelling model for the occurrence of Noril'sk style mineralization within the Dunite Hill intrusive complex. The 150 square mile MAN project is ideally situated in east central Alaska, south of Fairbanks and northeast of Anchorage and is accessible by two paved highways. The Company is in the planning stages for the field program that will follow the current geophysical program. The summer 2003 program will include additional MMI soil sampling followed by drilling coincident UTEM and gravity anomalies. This release was prepared by management of the Company who takes full responsibility for its contents. Neither the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. nor the NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. have reviewed or accept responsibility for the adequacy or accuracy of this news release. |
|
||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion