Nevada Star Reports Results From 2004 Reconnaissance Mapping and Sampling on its MAN Alaska Property.SEATTLE -- Nevada Star Resource Corp. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NVSRF) (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension 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 ) ("Nevada Star") is pleased to announce results from 2004 reconnaissance mapping and sampling on the MAN copper-nickel-platinum group element project in the Delta River Mining District, Alaska. 2004 exploration efforts focused on the Canwell copper-nickel-platinum group element prospect (Area 4), Ghezzi copper gold prospect (Area 3), Rainy copper-nickel-platinum group element prospect (Area 2), Broxson Gulch gold prospect (Area 3) and Telephone Hill (Area 2). Fieldwork consisted of Max-Min and magnetics geophysical surveys, geologic mapping, soil and rock sampling and reverse circulation drilling (Canwell prospect only). Soil sampling along with 14.3 line-miles of Max-Min geophysics and 7 line-miles of ground magnetics over the Canwell prospect revealed a +5 line-mile long Max-Min conductor along the eastern margin of the Canwell mafic-ultramafic complex. This anomaly extends north of the Odie showing where some of the highest Pt values in the project have been discovered in the past (15.6 gpt Pt, 2.6 gpt Pd, 0.9% Ni, and 0.3% Cu). The geophysical conductor also coincides with anomalous talus-fine soil values including copper (high of 498 ppm, average of 182 ppm), nickel (high of 2,740 ppm, average of 1,468 ppm), platinum (high of 96 ppb, average of 32 ppb) and palladium (high of 70 ppb, average of 24 ppb). The combined soil and geophysical results suggest a persistent conductor dipping 70 degrees southwest within 200 feet of surface in the Canwell complex. On the strength of this data, a six hole reverse circulation drilling program was completed in September to test the combined soil - Max-Min targets. Results from this program are pending and will be reported when analytical results are received from the geochemical laboratory. Limited rock sampling at the Ghezzi copper-gold prospect confirmed and expanded past trench samples that returned values ranging up to 159 feet grading 0.96% copper and 0.07 gpt gold. Rock samples collected in 2004 returned anomalous copper (high of 4.2%, average of 0.29%) and gold (high of 2.099 gpt, average of 0.14 gpt). These samples were derived from leucogabbro, basalt and limestone units located 821 yards northwest of the previously trenched and sampled sulfide occurrences. High grade copper and/or gold values have now been identified over an area measuring 2,757 feet by 3,282 feet. 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. at Ghezzi remains open to expansion and constitutes one of the highest priority drill targets on the MAN project. Geologic mapping and rock and soil sampling were also conducted in 2004 on the Broxson Gulch prospect in the north central part of the project. Work focused on a prominent ridge northwest of the old Broxson Gulch placer gold workings and revealed the presence of widespread anomalous gold, arsenic and copper with sporadic anomalous silver, lead and zinc. Rock samples collected in 2004 returned anomalous copper (high of 2.7%, average of 287 ppm), gold (high of 5.81 gpt, average of 94 ppb) and arsenic (high of 1,285 ppm average of 45 ppm). Higher metal values were associated with feldspar feldspar (fĕl`spär, fĕld`–) or felspar (fĕl`spär), an abundant group of rock-forming minerals which constitute 60% of the earth's crust. porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. , hornfels horn·fels n. pl. hornfels A fine-grained metamorphic rock composed of quartz, feldspar, mica, and other minerals, formed by the action of intrusive rock upon sedimentary rock, especially shale. and calc-silicate rocks. Talus-fine soil samples collected over the prospect also returned anomalous copper (high of 530 ppm, average of 144 ppm) and gold (high of 291 ppb, average of 27 ppb). Spatial analysis of the results suggests gold and copper are strongly correlated with Pennsylvanian stratigraphy stratigraphy, branch of geology specifically concerned with the arrangement of layered rocks (see stratification). Stratigraphy is based on the law of superposition, which states that in a normal sequence of rock layers the youngest is on top and the oldest on the at the base of the Broxson Gulch thrust fault, a regionally extensive structure in this part of the Alaska Range. Additional work will be required on the Broxson Gulch prospect before drill targets can be selected. Limited field work was conducted on the Rainy prospect in 2004. A total of 1.7 line-miles of Max-Min geophysics was completed and rock samples were collected during follow-up of anomalous soil samples collected in previous years resulted in discovery of anomalous gold (262 ppb), platinum (420 ppb) and palladium (333 ppb) in a black magnetite-bearing 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. . This rock sample along with a highly anomalous soil sample from the same area (200 ppb gold, 571 ppb platinum and 428 ppb palladium) suggest additional work is warranted on the Rainy prospect. Exploration efforts at the Telephone Hill prospect consisted entirely of ground geophysics which included 4.9 line-miles of Max-Min geophysics, 5.3 line-miles of ground magnetics and .8 line-miles of gravity surveys. Data from these surveys currently is being reduced and the results will be reported at a later date. All 2004 geochemical samples were analyzed by ALS Als (äls), Ger. Alsen, island, 121 sq mi (313 sq km), Sønderjylland co., S Denmark, in the Lille Bælt, separated from the mainland by the narrow Alensund. Chemex for platinum, palladium and gold via fire assay techniques plus a multi-element suite via ICP (1) (Internet Cache Protocol) A protocol used by one proxy server to query another for a cached Web page without having to go to the Internet to retrieve it. See CARP and proxy server. methods with four-acid digestion. The qualified person responsible for this news release is Curt Freemen, M.Sc. P. Geo. About the MAN Project Nevada Star Resource Corp. (OTC-BB: NVSRF and TSX-V: NEV) 271 square mile Alaskan property, officially called the MAN Project, began in 1995 and is located 164 miles southeast of Fairbanks and 248 miles northeast of Anchorage -- an area characterized by its anomalously high nickel and 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 concentrations. Exploration results to-date on the MAN property indicate that it has the potential for a significant discovery nickel, the platinum group elements, and gold, metals which are in high-demand but in short supply globally, especially as the Noril'sk supply diminishes. The MAN Project, which consists of five distinct project areas: Canwell, Rainy/ Eureka, Summit Hill, Dunite Hill/Fish Lake, and Broxson, is supported by a solid infrastructure: it is accessible from two paved highways and borders the Alaska Pipeline. View the project maps at http://www.nevadastar.com/s/MANProject.asp for a breakdown of the project areas. The southern section (area 1) of the MAN property is now under joint venture with Anglo American Exploration (USA), Inc. (Anglo USA), who will perform its own exploration program pursuant to its agreement with NEV. Anglo USA is a wholly owned indirect subsidiary of Anglo American plc Anglo American plc (LSE: AAL, JSE: ANGLO) is a world-wide group of companies, originally founded in South Africa as a mining enterprise but now extending into other areas. Natural resources remains the focus of its operations. , a global leader in the mining and natural resource sector. Under the terms of the joint venture agreement, Anglo USA can earn a 51 percent interest in the southern portion of the MAN property by spending a total of US $12 million over a five-year earn in period. Anglo USA has the right to increase their interest by an additional 19 percent by completing a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. and an additional five percent by arranging production financing for both Anglo USA and NEV. Anglo began a US $600,000 field exploration program in July. Nevada Star Resource Corp. is a mineral exploration company that uses the most advanced technology to search for metals that are in high demand world-wide. Nevada Star Resource Corp. currently has projects in Alaska, Nevada and Utah. For more information, including maps, photos and project descriptions, visit: www.nevadastar.com. This release was prepared by management of Nevada Star Resource Corp. who take 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 of this news release. |
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