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Estrella Gold Announces Closing of $250,000 Private Placement Financing
TORONTO, ONTARIO--(Marketwire - July 28, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it has closed a non-brokered private placement offering of 347,445 units (each a "Unit") at $0.72 per Unit for gross proceeds of $250,160 (the "Offering"). The financing was completed with strategic investors of the Company. Each Unit is comprised of one common share and one non-transferable warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one common share at an exercise price of $1.05 per share during the first year or at a price of $1.20 during the second year following the date of closing of the Offering. No finder's fees or commissions were paid in connection with the Offering.
The proceeds of the offering will be used for:
drill program of 1,800 metres at Colpayoc property;
accelerated property payments; and
working capital and general corporate purposes.
The securities issued pursuant to the Offering will all be subject to a four month regulatory hold period commencing from the date of closing. The Offering remains subject to TSX Venture Exchange acceptance of requisite regulatory filings.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has a minimum inferred gold resource of 144,000 ounces at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its resource inventory, and also making new gold discoveries. The Company has 24,095,304 shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST) following the closing of the Offering. Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
Contact Information
Estrella Gold Corporation
Keith Laskowski MSc., QP
President & CEO
(800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
Investor Contact:
For First Canadian Capital
Dan Boase, Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
_____________________________________________________________
http://www.marketwire.com/press-release/estrella-gold-announces-closing-of-250000-private-placement-financing-tsx-venture-est-1543654.htm
CSRFF
Estrella Gold Elects Board of Directors, Officers and Approves All Matters at Annual Meeting
PRESS RELEASE
July 27, 2011, 8:03 a.m. EDT
TORONTO, ONTARIO, Jul 27, 2011 (MARKETWIRE via COMTEX) -- Estrella Gold Corporation CA:EST +4.71% ("Estrella" or the "Company") is pleased to announce the election of Mark Brown to its Board of Directors at its Annual and Special Shareholders Meeting held on July 26, 2011. Mr. Brown is President and Director of Pacific Opportunity Capital Ltd. based in Vancouver and is also an officer and/or director of several public and private companies, including Rare Element Resources, Almaden Minerals, Tarsis Resources, and Avrupa Minerals. He holds a Bachelor of Commerce from the University of British Columbia (1990) and he became a Chartered Accountant in 1993 while with working for PriceWaterhouseCoopers.
Shareholders also re-elected Keith Laskowski, Gregory Harris, Donald Taylor and Fernando Pickmann as directors of the Company. Bernard Kraft and Michael Kraft did not stand for re-election and the Company wishes to thank them for all their contributions to Estrella during their terms as board directors. Both will continue to serve the Company as members of its newly established Advisory Counsel. Following the AGM, the Board appointed the following officers:
Gregory Harris Chairman of the Board of Directors
Keith Laskowski President & Chief Executive Officer
Stan Myers Vice President - Exploration
In addition, the shareholders also approved:
-- the reappointment of Collins Barrow Toronto LLP, Chartered Accountants
as auditors
-- amendments to the Company's Stock Option Plan increasing the maximum
number of common shares reserved by Estrella for issuance pursuant to
the Stock Option Plan from 2,377,609 to 3,463,369, 20% of its issued and
outstanding common shares at the record date of the meeting, addition of
a new section for withholding taxes as required by the Income Tax Act
(Canada)
More specific details of the matters approved at the Meeting are set forth in Estrella Gold's Information Circular dated May 27, 2011 and posted on SEDAR at www.sedar.com .
On behalf of Keith Laskowski, President & CEO.
About Estrella Gold Corporation CA:EST +4.71% Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Peru and one in Chile. The Company has a minimum inferred gold resource of 144,000 ounces at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its resource inventory, and also making new gold discoveries. The Company has 23,747,859 shares issued and outstanding on the TSX Venture Exchange CA:EST +4.71% . Further information is available at Estrella Gold's website: www.estrellagold.com .
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
Contacts:
Estrella Gold Corporation
Keith Laskowski, MSc.
President & CEO
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
Investor Contact:
First Canadian Capital
Dan Boase, Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
SOURCE: Estrella Gold Corporation
mailto:klaskowski@estrellagold.com
http://www.estrellagold.com mailto:dboase@firstcanadiancapital.com
http://www.firstcanadiancapital.com
Copyright 2011 Marketwire, Inc., All rights reserved.
_________________________________________________________________
http://www.marketwatch.com/story/estrella-gold-elects-board-of-directors-officers-and-approves-all-matters-at-annual-meeting-2011-07-27-83210?reflink=MW_news_stmp
CSRFF
Company FACT SHEET for July:
http://www.estrellagold.com/i/pdf/EstrellaGoldFactSheet-July2011.pdf
CSRFF
Estrella Gold Announces Closing of $4,030,000 Private Placement Financing and Nomination of New Director
July 20, 2011 08:00 ET
TORONTO, ONTARIO--(Marketwire - July 20, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it has closed a non-brokered private placement offering of 6,200,000 units (each a "Unit") at $0.65 per Unit for gross proceeds of $4,030,000 (the "Offering"). Each Unit is comprised of one common share and one non-transferable warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one common share at an exercise price of $1.05 per share during the first year or at a price of $1.20 during the second year following the date of closing of the Offering.
In connection with the Offering, the Company paid eligible persons (the "Finders") a finder's fee equal to up to 6% of the gross proceeds from the Units placed by each Finder in cash or Units and also issued compensation warrants (each a "Compensation Warrant") equal to 10% of the total number of Units placed through each Finder under the Offering. Each Compensation Warrant entitles the holder to acquire one common share of Estrella at $0.80 for a period of 24 months from the closing date of the Offering. On closing of the Offering, the Company issued 231,014 Units, 573,862 Compensation Warrants and paid aggregate cash fees in the amount of $75,447 to the Finders.
The proceeds of the offering will be used for:
i. drill program of 1,800 metres at Colpayoc property;
ii. accelerated property payments; and
iii. working capital and general corporate purposes.
The securities issued pursuant to the Offering will all be subject to a four month regulatory hold period commencing from the date of closing. The Offering remains subject to TSX Venture Exchange acceptance of requisite regulatory filings. One director participated in the Offering in the amount of 19,231 Units.
Mark Brown has been nominated to be a director of Estrella, which will be voted upon at Estrella's Annual & Special Meeting on July 26th, 2011 in Toronto. Mr. Brown is President and Director of Pacific Opportunity Capital Ltd. based in Vancouver and is also an officer and/or director of several public and private companies, including Rare Element Resources, Almaden Minerals, Tarsis Resources, and Avrupa Minerals. He holds a Bachelor of Commerce from the University of British Columbia and he became a Chartered Accountant while with PriceWaterhouseCoopers. Two current directors of Estrella, Bernard Kraft and Michael Kraft have chosen not to stand for re-election and will be removed from the list of nominees. The Board of Directors wishes to express their deep appreciation for the services of Bernard Kraft and Michael Kraft. Both will continue to serve the Company as members of the Company's Corporate Advisory Committee.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has a minimum inferred gold resource of 144,000 ounces at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its resource inventory, and also making new gold discoveries. The Company has 23,747,859 shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST) following the closing of the Offering. Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
Contact Information
Estrella Gold Corporation
Keith Laskowski, MSc.
President
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
First Canadian Capital
Dan Boase
Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
__________________________________________________________________
http://www.marketwire.com/press-release/estrella-gold-announces-closing-4030000-private-placement-financing-nomination-new-director-tsx-venture-est-1540133.htm
CSRFF
"Drilling will continue through the month of July. Estrella has contracted Bradley MDH S.A.C of Lima, Peru to complete the drilling program." About half way through July. I suspect we will not receive any updates the end of the month regarding this drilling:
Quote:
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June 30, 2011
Estrella Drills Colpayoc Gold Project, Peru
Toronto, Canada, June 30, 2011 -- Estrella Gold Corporation (TSX V: EST) ("Estrella" or the "Company") is pleased to announce it started drilling its Colpayoc gold project on June 26, 2011. Colpayoc is located 12 kilometers southwest of the Yanacocha gold mine complex, in Peru. The drill program is designed to expand the area of known mineralization at the Daylight Zone, and to test recently discovered high-grade silver and gold mineralization at the Cerro Rico Zone. The Colpayoc property contains 5,774 hectares (57.7 square kilometers) with gold and silver mineralization in three areas. Approximately 1,800 meters of core drilling in eight holes are planned at the Daylight Zone and the Cerro Rico Zone.
_____________________________________________________________________
http://www.estrellagold.com/s/NewsReleases.asp?ReportID=465476
CSRFF
Extensive report regarding Estrella Gold by Mickey Fulp.
http://www.goldgeologist.com/update/ma222.pdf
Several quotes:
1) "Estrella Gold Corp meets all my criteria for speculation: Share structure, people, projects, and undervalue with respect to its prospector generator peers. Assuming commodity markets and global economics remain strong, I think Estrella has a very good chance of doubling in 12 months or less."
2) "Estrella’s business plan is to implement a prospect generator/joint venture model in southern Peru and it currently operates two generative exploration programs:
In February it established a strategic alliance with Cliffs Natural Resources to explore for iron oxidecopper-gold deposits. Cliffs is funding the program at a minimum of $400,000 per year for two years. Already the alliance has staked 10 new properties that are held jointly and undergoing initial prospecting and evaluation.
In an independent generative program, Estrella is exploring for epithermal volcanic-hosted gold deposits with targets identified from the proprietary regional data base. In 2010 the company acquired four new properties that are under initial evaluation: Yanque, Sense, Isy, and La Lucha.
There is much more to Estrella Gold than its southern Peru reconnaissance programs. It holds properties that would constitute flagship projects for the average junior and these are or soon will be available for joint-venture"
3) "It has a low number of shares outstanding at 17.3 million, 2.3 million options at 60c to $5.00, 1.63 million out-of-the-money warrants at $1.20 that will expire in September of this year, 4.6 million warrants at strike prices from 60 to 80 cents that expire from November 2011 until July 2012, and 1.3 million at $1.20 that expire in July 2012. Insiders control a healthy 23% of the shares and the retail public float constitutes the remainder, although a significant number of those shares are in 'strong hands'."
CSRFF
Estrella Drills Colpayoc Gold Project, Peru
TORONTO, ONTARIO--(Marketwire - June 30, 2011) -
Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it started drilling its Colpayoc gold project on June 26, 2011. Colpayoc is located 12 kilometers southwest of the Yanacocha gold mine complex, in Peru. The drill program is designed to expand the area of known mineralization at the Daylight Zone, and to test recently discovered high-grade silver and gold mineralization at the Cerro Rico Zone. The Colpayoc property contains 5,774 hectares (57.7 square kilometers) with gold and silver mineralization in three areas. Approximately 1,800 meters of core drilling in eight holes are planned at the Daylight Zone and the Cerro Rico Zone.
The Daylight Zone has been the focus of most work at Colpayoc and contains oxidized, outcropping gold and copper mineralization hosted within a porphyry gold-copper system. The zone contains a 300 meter diameter area of outcropping gold mineralization, surrounded by sedimentary rocks. Based on previous drill results, SRK Consultants calculated an initial NI 43-101 compliant inferred resource (2010) containing 7.6 million tonnes @ 0.6 g/t gold with 144,600 ounces of gold (0.3 g/t cutoff).
The Cerro Rico Zone will receive its first drilling. The drill program is planned to test high grade silver and gold mineralization identified in recent trenching results. Estrella completed an initial trenching program in February, located less than two kilometers northwest of the Daylight Zone. Three trenches totaling 231.8 meters identified high grade silver and gold replacement style mineralization, hosted in fault zones within sedimentary and volcanic rocks. Trench sampling was restricted and drilling will help to determine the true width of these mineralized zones. Trench assays results include:
Trench CR-01: 8.0 meters @ 372.5 g/t silver with 3.9 g/t gold (74.0-82.0 m)
Trench CR-03: 5.8 meters @ 872.6 g/t silver with 0.7 g/t gold (37.8-43.6 m)
including 1.8 meters @ 1,515 g/t silver and 0.8 g/t gold (41.8-43.6 m)
Drilling will continue through the month of July. Estrella has contracted Bradley MDH S.A.C of Lima, Peru to complete the drilling program.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 144,000 ounces of gold at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its gold resource inventory, and also making new gold discoveries. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
___________________________________________________________________
http://www.marketwire.com/press-release/estrella-drills-colpayoc-gold-project-peru-tsx-venture-est-1533432.htm
CSRFF
Part of interview of Mickey Fulp, well known mining expert:
"Mickey Fulp: Can Gold Prospectors Cushion Volatility?
The Gold Report | Jun. 22, 2011, 4:00 AM
The Gold Report
Quote:
___________________________________________________________________
MF: That's an interesting thought. Certainly, the junior sector looks downtrodden right now. There is always low liquidity during the summer doldrums. Toronto brokers summer in their cottages on the lake; Vancouver's sharks go to the mountains; Europeans take leave for six weeks; and everybody in New York City is in the Hamptons. The Toronto Venture Index valuation lost 30% since closing above 2,400 on February 28. A post-Prospectors & Developers Association Conference pro selloff started in March, then we had "sell in May and go away." Now we have a couple of months of summer doldrums looming. We generally see a seasonal uptick after everyone comes back to work in the first part of September. That is the time of year when we would expect higher volumes that could lead to higher junior valuations.
TGR: We started this conversation with agricultural intrigue. In the U.S., we've had an amazing amount of flooding, slicing into crop forecasts. As we move through the summer, do you expect more interest in "flight to safety" vehicles like gold for wealth preservation?
MF: Maybe. But here's another argument to that scenario. We are approaching the seasonal low for gold. In most years, precious metals dip in July and August. For me, this is one of the annual opportunities for buying gold. I'll get it for a better price than I will once the wedding, holiday and festival seasons start in the early fall in India and continue into China and the Muslim world. Low season's coming up.
TGR: When you analyze companies, you review share structure, people and flagship projects. As you look at the juniors, are there some downtrodden companies that possess that unique combination of features that merit acquiring during the summer?
MF: I recently moved out of two gold companies because they experienced healthy run-ups and decided to move on to something else. That moved me out of the precious metals sector and more into the prospect-generator model. I cover (deleted material) and Estrella Gold Corp. (TSX.V:EST) and am going to add another prospect generator soon.
(Deleted material)
MF: Prospect generators spend someone else's money to advance projects. That means the company can avoid share dilution and preserve capital. The key is to find good prospects and good partners. It is an especially effective model in unsettled and down times in the market.
TGR: So, it is unsettled times that made you focus on the prospect-generator model?
MF: Not necessarily. I have been in prospect generators for at least two years now. I've just moved out of some pure precious metal plays because they had very good run-ups so I took profits. Part of it is I need to be stimulated. I will move into and out of stocks and pick new things because I like to generate ideas and make speculative money work for me and my subscribers. So, when a company has a two- or three-time run-up and I don't see another double in the next year, then I take that money off the table and move it into another stock. If I pick a stock at $0.25 and it goes to $0.50, that's a two-bagger. The chances of it going to $2 and another two-bagger is a lot less than if I go find another $0.25 company and play it to go to $0.50. It's a matter of the power of two, of doubling your money. So, if you don't think something has potential to double from where it is right now and you already have your double, then take that money off the table and go find another cheaper one.
TGR: In the prospect-generator model, you're talking about spending someone else's money to avoid dilution. But, it ultimately does need some good projects. You have often talked about a missing generation of geologists. In fact, in one of your Musings you talked about the importance of mentors. In a prospect-generator model, how important are the company geologists?
MF: They are of paramount importance. A prospect-generator model works only if the company has a cadre of excellent, field-savvy geologists with particular expertise in an area, a commodity or a deposit type. So, the geologist's skill set is the first and foremost key to making a prospect generator work.
TGR: Tell me about the geologists and management at the three companies you mentioned earlier, Almaden, Estrella and Avrupa.
(Deleted material)
"Estrella Gold is a fairly new company run by geologist-CEO Keith Laskowski who was responsible for Eurasian Minerals Inc.'s (TSX.V:EMX) success in Haiti. He is working in Peru, where the country is becoming more left-leaning in the wake of the election of a former military man. Economic and social policies no doubt will swing left in the country. However, Peru is a great destination for major mineral deposits. And Estrella Gold has the right set of investors behind it, with a low number of shares. It's also a bit beaten up right now because of the political uncertainty. (Material deleted)
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Read more: http://www.businessinsider.com/mickey-fulp-can-gold-prospectors-cushion-volatility-2011-6#ixzz1Q1p8QsBG
CSRFF
Estrella Gold Proposed Private Placement Financing
June 20, 2011 09:00 ET
TORONTO, ONTARIO--(Marketwire - June 20, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce a proposed non-brokered private placement offering of up to 6,200,000 units (each a "Unit") at $0.65 per Unit for gross proceeds of up to $4,030,000 (the "Offering"). Each Unit is comprised of one common share and one non-transferable warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one common share at an exercise price of $1.05 per share during the first year following the date of closing of the Offering, or at a price of $1.20 during the second year following the date of the closing. In connection with the Offering, the Company may pay eligible persons (the "Finders") a finder's fee equal to up to 6% of the gross proceeds from the Units placed by the Finder in cash or Units and also issue up to 10% of compensation warrants (each a "Compensation Warrant") equal to 10% of the total number of Units placed through each Finder under the Offering. Each Compensation Warrant entitles the holder to acquire one common share of Estrella at $0.80 for a period of 24 months from the closing date of the Offering.
The proceeds of the offering will be used for:
(i) drill program of 1,800 metres at Colpayoc property;
(ii) accelerated property payments; and
(iii) working capital and general corporate purposes.
The securities issued pursuant to the Offering will all be subject to a 4 month regulatory hold period commencing from the date of closing. The Offering remains subject to TSX Venture Exchange acceptance of requisite regulatory filings.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has a growing gold resource at its Colpayoc Project in Perú (144,600 ounces NI 43-101 Inferred Resource) and is expanding its gold resource inventory. Estrella is also focused on making new mineral discoveries in Perú through an exploration alliance with Cliffs Natural Resources Inc.; and in the Dominican Republic with independent generative exploration programs. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEAE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
_________________________________________________________________
http://www.marketwire.com/press-release/estrella-gold-proposed-private-placement-financing-tsx-venture-est-1528771.htm
CSRFF
Estrella Announces Drill Program at Colpayoc Gold Project
June 14, 2011 10:30 ET
TORONTO, ONTARIO--(Marketwire - June 14, 2011) -Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce the next phase of drilling at its Colpayoc gold project, located 12 kilometers southwest of the Yanacocha gold mine complex, in Peru. Yanacocha produced 1.5 million ounces of gold in 2010 and is the largest gold producer in South America. The Colpayoc property contains 5774 hectares (57.7 square kilometers) with gold and silver mineralization in three areas. Approximately 1,800 meters of core drilling in eight holes are planned at the Daylight Zone and the Cerro Rico Zone. Drilling is planned for early July.
The Daylight Zone has been the focus of most work at Colpayoc and contains oxidized, outcropping gold and copper mineralization hosted within a porphyry gold-copper system. The zone contains a 300 meter diameter area of outcropping gold mineralization, surrounded by sedimentary rocks. Based on previous drill results, SRK Consultants calculated an initial NI 43-101 compliant inferred resource (2010) containing 7.6 million tonnes @ 0.6 g/t gold with 144,600 ounces of gold (0.3 g/t cutoff). The historic drilling and resource block model indicates that the gold zone is open at depth and in all directions with higher grade zones oriented northeast-southwest. Estrella completed three drill holes in late 2010, totaling 462.6 meters. Each drill hole intersected wide zones of gold mineralization, including values up to 100.7 meters @ 0.67 g/t Au (COL-02), confirming the potential to increase the gold resource. Infill and extension drilling is planned to expand the size of the gold resource.
The first drilling is also planned at the Cerro Rico Zone, testing high grade silver and gold mineralization identified in recent trenching results. Estrella completed an initial trenching program in February, located less than two kilometers northwest of the Daylight Zone. Three trenches totaling 231.8 meters identified high grade silver and gold replacement style mineralization, hosted in fault zones within sedimentary and volcanic rocks. Trench sampling was restricted and drilling will help to determine the true width of these mineralized zones. Trench assays results include:
Trench CR-01: 8.0 meters @ 372.5 g/t silver with 3.9 g/t gold (74.0-82.0 m)
Trench CR-03: 5.8 meters @ 872.6 g/t silver with 0.7 g/t gold (37.8-43.6 m)
including 1.8 meters @ 1,515 g/t silver and 0.8 g/t gold (41.8-43.6 m)
Reprocessing of available ground magnetic data indicated that both the Daylight Zone and the Cerro Rico Zone occur within a zone of possible alteration that covers a total diameter of more than 3,000 meters. *See attached magnetics map with drill holes and trench locations. Additional targets in this area may also be tested. Drilling was suspended in January following dissolution of the local administrative leadership, and expiration of surface access agreements. Estrella has recently obtained a long-term access agreement with the local community.
Keith Laskowski, Estrella's President commented "We are pleased that the Presidential election is completed in Perú, and especially to see the moderation in the President-elect's stated policies. We are also excited to drill test some of these new trench results at Cerro Rico, and to expand the Daylight Zone gold resource at Colpayoc. The property has a great deal of potential, and the next drill phase will help us to better understand the size of this large system. We are grateful to the local communities for their ongoing support."
To view the magnetics map, please follow the link: http://media3.marketwire.com/docs/estfig1.pdf
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 144,000 ounces of gold at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its gold resource inventory, and also making new gold discoveries. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
____________________________________________________________________
http://www.marketwire.com/press-release/estrella-announces-drill-program-at-colpayoc-gold-project-tsx-venture-est-1526546.htm
CSRFF
Company FACT SHEET for June:
http://www.estrellagold.com/i/pdf/EstrellaGoldFactSheet-June2011.pdf
CSRFF
Expect there should be results soon regarding the drill program:
Quote:
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pril 25, 2011
Estrella Announces Drill Program At Pucarana Gold Project, Peru
Toronto, Canada, April 25, 2011 -
Estrella Gold Corporation (TSX V: EST) ("Estrella" or the "Company") is pleased to announce that a 2,500 meter core drilling program has commenced at its Pucarana gold project in southern Peru. The property contains 1,889 hectares of mineral land located 15 kilometers southeast of the Poracota gold-silver mine and eight kilometers southwest of the portal of the Chipmo gold mine, both of which are operated by Buenaventura Mines Corporation. The Pucarana gold project is held within a joint venture with Esperanza Resources Corporation ("Esperanza"). Esperanza is the operator and is planning a first phase drill program including approximately 10 core holes totaling 2,500 meters. The drill program is targeting favorable areas within a gold mineralized alteration system containing quartz veins, vuggy silica alteration and silicified bodies within a region of volcanic-hosted advanced argillic epithermal alteration, similar to the geology and alteration observed at the Chipmo Gold Mine. The principal mineralized structures at the Chipmo Mine trend southwest towards the alteration zones present at the Pucarana project. The Chipmo Mine produced more than 290,000 ounces of gold in 2010 from high grade gold veins making it one of the largest and most profitable gold producers in South America. Together, Poracota and Chipmo produced 360,000 ounces of gold and 131,000 ounces of silver in 2010, indicating that the district contains very significant potential for additional mineralization. Detailed drill plans, geology, and cross sections are available at the following website: http://www.epzresources.com/newproject_perumap.php
About Estrella Gold Corporation (TSX-V: EST) Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has six precious metal exploration projects in Perú. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX-V: EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
For further information, contact:
Estrella Gold Corporation
Keith Laskowski President , MSc., QP,
Direct Tel: (800) 362-2040 or (720) 272-6224
Fax: (416) 927-1222
Email: klaskowski@estrellagold.com
To learn more visit: www.estrellagold.com
Investor Contact:
First Canadian Capital
Dan Boase, Partner
Tel: (416) 742-5600 x 232
Fax: (416) 742-6410
Email: dboase@firstcanadiancapital.com
To learn more, visit www.firstcanadiancapital.com
NEITHER 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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
_____________________________________________________________
http://www.estrellagold.com/s/NewsReleases.asp?ReportID=453185
CSRFF
See the May Factsheet:
http://www.estrellagold.com/i/pdf/EstrellaGoldFactSheet-May2011.pdf
CSRFF
Estrella Acquires New Exploration Targets in Peru
April 28, 2011 08:30 ET
TORONTO, ONTARIO--(Marketwire - April 28, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce expansion of the Company's property holdings in Peru with the acquisition of ten new claim blocks covering 10 new exploration targets with a total of 13,100 hectares of mineral rights. The Company has applied for and received 18 new mineral claims covering new, early stage exploration targets which have been selected based on a combination of ASTER remote sensing data, favorable geology, alteration, and availability of open land for mineral claim application as part of the Company's Generative Exploration programs. Target generation utilized the Company's strategic database, combined with publicly available data, and the staff's exploration experience throughout Peru. The properties contain iron oxide-copper-gold targets and are subject to Estrella's IOCG Exploration Alliance Agreement with Cliffs Natural Resources Exploration Inc. ("Cliffs"). Cliffs is funding the initial exploration stage in accordance with the budgeted amount of $400,000 per year for two years, subject to the terms and conditions described in previous News Releases issued on February 15, 2011 and March 7, 2011 and the Agreement.
About Estrella Gold Corporation (TSX VENTURE:EST)
Estrella Gold is a "Prospect Generator" company focused on gold exploration and resource definition in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 144,000 ounces of gold at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its gold resource inventory, and also making new gold discoveries. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
http://www.marketwire.com/press-release/estrella-acquires-new-exploration-targets-in-peru-tsx-venture-est-1507533.htm
CSRFF
Estrella Announces Drill Program at Pucarana Gold Project, Peru
April 25, 2011 09:47 ET
Estrella Announces Drill Program at Pucarana Gold Project, Peru
TORONTO, ONTARIO--(Marketwire - April 25, 2011) -Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce that a 2,500 meter core drilling program has commenced at its Pucarana gold project in southern Peru. The property contains 1,889 hectares of mineral land located 15 kilometers southeast of the Poracota gold-silver mine and eight kilometers southwest of the portal of the Chipmo gold mine, both of which are operated by Buenaventura Mines Corporation. The Pucarana gold project is held within a joint venture with Esperanza Resources Corporation ("Esperanza"). Esperanza is the operator and is planning a first phase drill program including approximately 10 core holes totaling 2,500 meters. The drill program is targeting favorable areas within a gold mineralized alteration system containing quartz veins, vuggy silica alteration and silicified bodies within a region of volcanic-hosted advanced argillic epithermal alteration, similar to the geology and alteration observed at the Chipmo Gold Mine. The principal mineralized structures at the Chipmo Mine trend southwest towards the alteration zones present at the Pucarana project. The Chipmo Mine produced more than 290,000 ounces of gold in 2010 from high grade gold veins making it one of the largest and most profitable gold producers in South America. Together, Poracota and Chipmo produced 360,000 ounces of gold and 131,000 ounces of silver in 2010, indicating that the district contains very significant potential for additional mineralization. Detailed drill plans, geology, and cross sections are available at the following website: http://www.epzresources.com/newproject_perumap.php.
About Estrella Gold Corporation (TSX VENTURE:EST)
Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has six precious metal exploration projects in Perú. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
http://www.marketwire.com/press-release/estrella-announces-drill-program-at-pucarana-gold-project-peru-tsx-venture-est-1505873.htm
CSRFF
Up 3.72% to $1.212 on 15,000 shares traded one hour into the market. Daily volume continues to be high of recent. Anticipation of news??
CSRFF
Been getting some interest over the past four trading days with the volume being up. However, not to a degree to encourage investor interest at a level where bids/asks return on the Level II.
Technically, the chart is beautiful -- all indicators are positive. Just need some volume!
CSRFF - Daily Candlesticks
CSRFF
Up approx 27% at 10:30 AM on 22,000 shares traded which is the most trades in approximately six weeks. Still no MMs on Level II, but maybe with increased volume this will change.
CSRFF
Estrella Gold March 2011 Update:
http://www.estrellagold.com/i/pdf/FactSheet.pdf
CSRFF
CSRFF is noted in the news release of our partner in a joint venture in Peru.
Quote:
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Esperanza Provides Exploration Update
Press Release Source: Esperanza Resources Corp. On Sunday March 6, 2011, 9:00 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - 03/06/11) - Esperanza Resources Corp. (TSX-V:EPZ - News) is pleased to provide this update on new exploration drilling activities:
Three Peru Projects to be Drilled
Colqui Orcco: The Colqui Orcco (Silver Hill) property consists of 700 hectares and is located in the department of Cusco. All permits have been received and site preparation has begun. Weather permitting, drilling will begin in mid-March.
The Colqui Orcco project consists of three steeply dipping quartz veins and brecciated structures hosted in andesite with a total strike length of 2.5 km. The area was identified by Esperanza geologists in a regional exploration program. Outcrop sampling returned anomalous results that will be tested by drilling including:
-- La India Norte Vein yielded 0.9 meters of 572 g/t Ag
-- La India Vein yielded 0.5 m of 64 g/t Ag
-- La India Norte Vein yielded 1.8 m of 5 g/t Ag and 0.22 g/t Au
A first phase program of eleven (11) drill holes totaling 1,700 meters will test the La India silver-gold vein system.
Pucarana: This project is located adjacent to the Orcopampa gold-silver mining camp, where Esperanza controls 1,889 hectares in a joint venture with Estrella Gold (TSX-V:EST - News). Pucarana is located between Buenaventura's Chipmo and Poracota mines, which have an annual production of 360,000 oz of gold and 131,000 oz of silver.
The Pucarana project is gold system of quartz veins, vuggy silica, and silicified bodies exhibiting strong advanced argillic alteration similar to that observed at the Chipmo Mine. The drill permit has been issued by authorities. A first phase of drilling is slated to begin in April. Ten holes totaling 2,500m are planned.
_______________________________________________________
http://finance.yahoo.com/news/Esperanza-Provides-iw-3306486988.html?x=0&.v=1
CSRFF
Estrella Program Review and 2011 Exploration Plans
Quote:
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Mar 07, 2011 10:11 ET
Estrella Program Review and 2011 Exploration Plans
TORONTO, ONTARIO--(Marketwire - March 7, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to provide a program summary and plans for the 2011 Gold Exploration Programs. Estrella is a "Prospect Generator" company, focused on gold in Latin America. The Company focuses on generating new prospects/discoveries and increasing the Company's inventory of gold resource ounces. Estrella seeks to optimize each property's individual value by conducting exploration either directly or through Joint Ventures with qualified venture partners. The Company's programs fall into four (4) categories.
(1) Prospect Generator Program: Estrella is exploring for new gold discoveries in three regions of Latin America. In Peru, Estrella has two generative programs. For the first generative program, Estrella established a Strategic Exploration Alliance with Cliffs Natural Resources Exploration Inc. ("Cliffs") to explore for Iron oxide-Copper-Gold (IOCG) deposits in the southern Peru IOCG belt. Cliffs is funding the program and Estrella is operating the program and providing two field teams that are conducting exploration programs. The program is budgeted for two years and a minimum of $400,000 per year. New properties acquired pursuant to the strategic alliance will initially be held jointly and managed under the terms of the Alliance Agreement and other relevant venture agreements. In the second generative program, (which does not involve Cliffs), Estrella is exploring for epithermal, volcanic-hosted gold deposits in the southern Peru altiplano. This program is funded by Estrella and is evaluating exploration targets that were identified using the Company's proprietary Regional Andean Gold Exploration data base. The Company acquired three new properties in 2010 which are also being evaluated. Estrella is exploring for new gold deposits in the Dominican Republic, which hosts the Pueblo Viejo gold deposit now being developed by Barrick Gold. Geological targeting was completed last year and Estrella recently applied for 27,000 hectares of mineral concessions to explore for epithermal gold deposits, similar to Pueblo Viejo.
(2) Gold Resource Development Projects: Estrella has two gold projects with either NI 43-101 compliant gold resources or historic, non-compliant gold resources. In each case, the potential resource is being explored and each has significant potential to be greatly expanded.
Colpayoc Gold Project (100%): contains 4,200 hectares of land located 12 kilometers southwest of the Yanacocha mine complex, the largest gold producer in South America. Colpayoc contains three types and areas of gold mineralization The Daylight Zone has been the focus of most work at Colpayoc and contains oxidized, outcropping gold and copper mineralization hosted within a porphyry gold-copper system. The zone contains a 300 meter diameter area of outcropping gold mineralization, surrounded by sedimentary rocks. Based on previous drill results, SRK Consultants calculated an initial NI 43-101 compliant inferred resource (2010) containing 7.6 million tonnes @ 0.6 g/t gold with 144,600 ounces of gold. The historic drilling and resource block model indicate that the gold zone is open at depth and in all directions with higher grade zones oriented northeast-southwest. Estrella completed three new drill holes in 2010, totaling 462.6 meters. Each drill hole intersected wide zones of gold mineralization, including values up to 100.7 meters @ 0.67 g/t Au (COL-02), confirming the potential to increase the gold resource. Estrella also completed an initial trenching program at the Cerro Rico Zone, located less than two kilometers northwest from the Daylight Zone. Three trenches totaling 231.8 meters identified significant structurally controlled silica-manganese replacement style mineralization, primarily hosted within limestone and containing high grade silver and gold mineralization.
Trench values included:
Trench CR-01: 8.0 meters @ 372.5 g/t silver with 3.9 g/t gold (74.0-82.0 m)
Trench CR-03: 5.8 meters @ 872.6 g/t silver with 0.7 g/t gold (37.8-43.6 m)
including 1.8 meters @ 1,515 g/tsilver and 0.8 g/t gold. (41.8-43.6 m)
Reprocessing of available ground magnetic data indicates that both the Daylight Zone and the Cerro Rico Zone occur within a zone of possible alteration that covers a total diameter of more than 3,000 meters. Estrella is conducting additional surface mapping, sampling and trenching at the Cerro Rico Zone, and additional drilling is planned at the Daylight Zone during the second quarter of 2011.
Trol Gold Project (100%): contains 2300 hectares of land located within the Madre de Dios placer district, Chile's largest historic placer gold district (IX Region). Bedrock gold mineralization occurs within a sequence of complex, low and high-angle shear zones and faults, hosted within Carboniferous-age, metamorphosed volcanic and sedimentary rocks. The area contains significant gold mineralization, with historic drill intercepts up to 112 m @ 1.12 g/t gold, as identified and reported by Minera Cominco Resources Chile Ltda. ("Minera Cominco"). Historic drilling by the Shell/Amax Joint Venture, and subsequent drilling by Cominco, occurred along a 400 meter zone, that occurs within a 2,600 meter long by 400 meter wide soil gold anomaly. Based on these drill results, and additional surface rock sampling from trenches, outcrops and tunnels driven into the mineralized zone, Minera Cominco Resources Chile Ltda. prepared a "preliminary geological gold resource estimate" in 1992. Cominco's historic resource estimate does not utilize classifications included in National Instrument 43-101 of the Canadian Securities Administrators, and is not compliant with NI 43-101. Cominco estimated a minimum geological gold resource of 6.25 million tonnes with an average grade of 0.72 g/t gold, which equates to approximately 144,700 ounces of contained gold, using a minimum 0.5 g/t low grade cutoff. The historic resource estimate is included in a report titled "Llipe Project Final Report, Summer 1992 Campaign and Exploration Possibilities for Stratiform Gold in the Metamorphic Basement of Southern Chile Coastal Belt" by John Davidson, April 15, 1992. Estrella is finalizing concession titles and is compiling all regional data, ahead of completing a NI 43-101 Technical Report, and possible drilling. The Company is considering possible venture opportunities on this property.
(3) Gold Exploration Joint Venture Projects: Estrella has established Joint Ventures on two of its properties. In each case the Joint Venture partner is seeking to acquire an interest in the property by completing certain work expenditure commitments, and payments, subject to the terms and conditions of the relevant legal agreements.
Pampa Poroma Project Joint Venture with Cliffs Natural Resources Exploration Inc. (project currently owned 100% by Estrella): The Pampa Poroma IOCG project contains 900 hectares of land, located 22 kilometres south of Nazca, Peru, in the Department of Ica. The property is approximately 20 kilometres northeast of the Marcona-Mina Justa IOCG district, which contains three major deposits that contain between 750 thousand to 1.4 billion tonnes of iron-oxide-copper-gold reserves or resources. The Pampa Poroma property contains prospective alteration and mineralization. Estrella established a Joint Venture with Cliffs for the exploration and potential development of the property in February 2011. Under the terms of the Joint Venture agreement Cliffs can earn an initial 50 percent interest in the property by making exploration expenditures of $2 million within 2 years, including at least $750,000 in the first year ($500,000 of which is firmly committed). Estrella will operate the Joint Venture until such time that Cliffs elects to take over as operator. Cliffs must spend an additional $4 million and complete 3,000 meters of drilling, within 4 years of earning its 50 percent interest, to earn an additional 20 percent for a total 70 percent interest. Cliffs can acquire an additional 10 percent interest, for a total 80 percent in Pampa Poroma, by completing an NI 43-101 compliant Pre-Feasibility Study or by defining an NI 43-101 compliant "Inferred Mineral Resource" containing a minimum of 1,000,000, ounces of gold or gold equivalent, within four years of earning its 70 percent interest. Systematic exploration programs commenced in February 2011 and are expected to include surface sampling, mapping and geophysical surveys. It is anticipated that the program will identify drill targets that are expected to be tested later this year.
Pucarana Gold Project Joint Venture with Esperanza Resource Corporation (100%): The Pucarana Gold project, contains 1,889 hectares of land located in the Orcopampa Silver-Gold District of Peru. The property is located between Buenaventura Mines' Poracota Mine, and Chipmo Mine. A 10% interest in the property is held by Gallant Minerals Ltd. Pucarana is 8 kilometres southwest along trend from the Chipmo mine, which produced more than 290,000 ounces of gold in 2010 from high grade underground vein mining. Together, Poracota and Chipmo produced 360,000 ounces of gold and 131,000 ounces of silver in 2010, indicating that the district contains very significant potential for additional mineralization. Pucarana contain gold and silver mineralization hosted in quartz vein zones, and associated with favourable epithermal alteration zones. Esperanza can earn up to a 60% interest through combined payments of $155,000 and work commitments totalling $1.3 million. Esperanza's program has been delayed due to permitting however they received drilling permits recently and Esperanza has announced a Phase I drilling program planned for the second quarter of 2011, including 10 holes and 2,500 meters of drilling.
(4) Gold-Silver-Copper Exploration Projects: Estrella has three additional projects located in Peru that are at varying stages of exploration. These properties are being evaluated for additional drilling and are available for Joint Ventures.
Estrella Gold-Silver Project (100%): contains 1,200 hectares located 130 km south of Huancayo in the Department of Juancavalica. The Estrella property contains a volcanic-hosted epithermal gold-silver system with associated base-metal mineralization hosted within a north-south trending graben. The property has a total of 615 surface rock samples and 33 drill holes totaling 5,800 meters of drilling. Gold assays from outcrops and drill holes range from 0.2 - 54.0 g/t and average 0.44 g/t gold. Silver mineralization assays range from 15.0 – 1,400 g/t and average 21.15 g/t silver. Mineralization is present within a 1,200 meter north-south by 200 meter east-west zone, which remains open for expansion. The largest area of mineralization occurs as a north-south trending, west dipping, stratabound zone measuring 50 – 150 meters in thickness. This stratabound zone contains variable grade gold and silver mineralization with disseminated and vein hosted pyrite, tetrahedrite, galena and sphalerite. The zone has been intersected along strike for 600 meters, and remains open to the north and south. It also remains open up and down-dip. A second type of gold and silver mineralization cross-cuts the stratabound zone and occurs as north and northeast trending, sub-vertical fault zones, which outcrop at surface. These structures have been intersected in drill holes, which extend north of the stratabound zone for 600 meters. The sub-vertical zone locally contains some of the highest grade mineralization on the property, including drill intersections of up to 11 meters @ 311.2 g/t silver and 0.59 g/t gold (RC-E10 from 43 - 54 m). These high grade structures also remain open along trend to the north and south and at depth for exploration. Estrella received its Phase II drill permit during the fourth quarter of 2010 and is now considering additional drilling or establishing a Joint Venture.
Ccello-La Tola Project (100%): contains 7,200 hectares located in the Department of Arequipa. Estrella recently signed a formal Purchase Option Agreement, replacing its initial letter agreement with Solitario Resource and Royalty Corporation, to acquire the 1,000 hectare La Tola Property. The property contains extensive areas of volcanic hosted epithermal alteration, variably exposed beneath younger post mineral cover. By combining these properties, Estrella has established an attractive, district scale exploration target. The property contains two areas of mineralization, including the leached, high-sulfidation alteration zone on the Ccello property in the south and wide-spread epithermal alteration with outcropping gold mineralization at La Tola, in the north. No drilling has occurred on the Ccello zone, however historic drilling by Newmont at La Tola identified values up to 18 meters @ 1.3 g/t gold hosted in altered volcanics. The property covers a 12 kilometer long alteration trend with multiple exploration targets remaining. Estrella will complete surface mapping at La Tola and is seeking Joint Venture partners for this property.
Cerro Cori Copper-Gold Project (100%): contains 3,993 hectares located in the Department of Ayucucho, 40 kilometres east of the town of Puquio. This property contains a huge high-sulphidation epithermal alteration system overlying a potential porphyry copper-gold system. Initial drilling by former venture partner Southern Peru Copper intercepted values up to 24m @ 0.58% copper. Alteration studies suggest additional targets are available at depth. Preliminary evaluation of the historic sulphur mine on the property and 9 core holes indicates the property also contains a potential native sulphur resource. The property contains a blanket like zone containing 5-30% native sulphur, up to 200 meters thick. Estrella is preparing formal reports and the property is available for Joint Venture.
About the Colpayoc NI 43-101 Compliant Gold Resource: The initial resource estimate was prepared by SRK Consulting (U.S.) Inc. as part of a NI 43-101 Technical Report completed in June 2010. The resource estimate contained the following:
Colpayoc Daylight Gold Zone: Inferred Resource (0.30 g/t low-grade cutoff):
Oxide: 4,663,275 tonnes @ 0.59 g/t containing 87,800 oz
Reduced: 2,913,019 tonnes @ 0.61 g/t containing 56,800 oz
Total: 7,576,293 tonnes @ 0.60 g/t containing 144,600 oz gold
The block model utilizes an inverse-distance squared (ID2) model, with 6m x 10m x 10m block sizes, using Mintec's MineSight software. All gold mineralization is hosted within sheeted and stockwork quartz+/magnetite+/pyrite-iron oxide veins, hosted within a highly altered granitic intrusion. Oxidation extends to approximately 45 meters depth, and preliminary bottle-role tests on surface trench samples indicate favorable recoveries for oxidized material. The outcropping area of the intrusion is almost entirely altered and mineralized, however overlying sedimentary rocks limit the exposure of this mineralized rock. Although the property has received only a small amount of drilling, due to the consistent and broad areas of gold mineralization, the Company has prepared this initial gold resource estimate to guide future exploration and expansion of the resource. This initial resource estimate benefits from extensive surface trench data, however the small number of drill holes generally limits the extent of interpolated mineralization at depth. The four drill holes penetrated consistent mineralization to the end of each hole (200 meters), however resources can only be included adjacent to the drill holes, and between the drill holes on interpreted northeast structural trends, until additional drilling is completed. There is exploration potential beneath mineralized trenches that is not fully tested by drilling.
QA/QC: Assay results identify those mineralized intervals that contain a minimum continuous width of 2.4 meters with a minimum of 0.3 g/t gold (Au) or 100 g/t silver (Ag). Only one internal or adjacent interval of dilution is allowed. Trench samples were collected in accordance with accepted industry standards and procedures. The samples were submitted to the ALS Chemex Labs (ISO 9001:2000 accredited) in Lima Peru for analysis. Gold was analyzed by fire assay with an AAS finish and multi-element analyses were determined with aqua regia digestion and ICP MS/AAS techniques. Silver assays were conducted with ICP MS/AAS and values above 100 g/t were re-analysed with an AAS finish. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.
About Estrella Gold Corporation (TSX VENTURE:EST) Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski
President, MSc., QP
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
To learn more visit: www.estrellagold.com
CSRFF
Estrella Gold JV partner releases update:
Quote:
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Mar 06, 2011 09:00 ET
Esperanza Provides Exploration Update
VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 6, 2011) - Esperanza Resources Corp. (TSX VENTURE:EPZ) is pleased to provide this update on new exploration drilling activities:
Three Peru Projects to be Drilled
Colqui Orcco: The Colqui Orcco (Silver Hill) property consists of 700 hectares and is located in the department of Cusco. All permits have been received and site preparation has begun. Weather permitting, drilling will begin in mid-March.
The Colqui Orcco project consists of three steeply dipping quartz veins and brecciated structures hosted in andesite with a total strike length of 2.5 km. The area was identified by Esperanza geologists in a regional exploration program. Outcrop sampling returned anomalous results that will be tested by drilling including:
La India Norte Vein yielded 0.9 meters of 572 g/t Ag
La India Vein yielded 0.5 m of 64 g/t Ag
La India Norte Vein yielded 1.8 m of 5 g/t Ag and 0.22 g/t Au
A first phase program of eleven (11) drill holes totaling 1,700 meters will test the La India silver-gold vein system.
Pucarana: This project is located adjacent to the Orcopampa gold-silver mining camp, where Esperanza controls 1,889 hectares in a joint venture with Estrella Gold (TSX VENTURE:EST). Pucarana is located between Buenaventura's Chipmo and Poracota mines, which have an annual production of 360,000 oz of gold and 131,000 oz of silver.
The Pucarana project is gold system of quartz veins, vuggy silica, and silicified bodies exhibiting strong advanced argillic alteration similar to that observed at the Chipmo Mine. The drill permit has been issued by authorities. A first phase of drilling is slated to begin in April. Ten holes totaling 2,500m are planned.
Pucará: This project is 100% owned by EPZ, consists of 600 hectares and is located in Cusco Department. Negotiations with the community are advanced and anticipated drilling will begin in late Q2, 2011. A stockwork zone of quartz veining with an outcrop strike length of 200 m before it dives under alluvial cover has been identified. Regionally, the property is located on the border of a series of nested calderas. Channel samples have returned results up to 339 g/t Ag over 9.6 meters including 488 g/t Ag over 2.9 m. This is a grassroots project. Ten drill holes totaling 1,500 m are planned.
Mexico Concessions Acquired
Esperanza recently acquired the Gallos Blancos project by claim staking. Located in San Luis Potosi, Mexico, it consists of 12,510 hectares containing historic Ag-Pb-Zn workings and prospects. Preliminary sampling of oxide dump material contained values as high as 1.0 g/t Au, 206 g/t Ag, 14.5% Pb, 30.0% Zn, 19.5% Cu. Field mapping and sampling is currently under-way to define drill targets. Drilling is anticipated to begin in the second half of the year.
About Esperanza
Esperanza is focused on advancing the development of its principal property, the wholly-owned Cerro Jumil gold project in Morelos State, Mexico. It is also actively investigating 11 other exploration interests in Peru and Mexico. In October of 2010 it announced a strategic investment which resulted in a 35% interest in Global Minerals Ltd. (TSX VENTURE:CTG), majority owner of the Strieborná silver/copper/antimony project in Roznava, Slovakia (www.globalminerals.com).
QUALIFIED PERSONS: J. Stevens Zuker, M.Sc., Geology and Senior Vice President, Esperanza Resources Corp. is the Qualified Person (QP) under NI 43-101 responsible for the Peru exploration program. Paul J. Bartos, Ph.D. Geology and Vice President / Chief Geologist, Esperanza Resources Corp. is the Qualified Person (QP) under NI 43-101 responsible for the Mexico exploration program. They have verified the data disclosed in this news release, including sampling, analytical and test data. Field work has been conducted under their supervision. Gold samples were analyzed by fire assay and atomic absorption spectroscopy with a 30 g nominal sample weight. Silver is analyzed by induction coupled plasma – atomic emission spectroscopy (ICP-AES). A description of quality control and quality assurance protocols can be found at www.epzresources.com/protocols.php.
For more information, please contact
Esperanza Resources Corp.
Bill Pincus
President and CEO
1 866 890 5509
info@epzresources.com
www.epzresources.com
_________________________________________________________
http://www.marketwire.com/press-release/Esperanza-Provides-Exploration-Update-TSX-VENTURE-EPZ-1406592.htm
Estrella Gold has be issuing frequent updates.
CSRFF
NEWS RE: TRENCH RESULTS
Feb 16, 2011 09:37 ET
Estrella Announces Trench Results from Second Mineralized Zone at the Colpayoc Gold Project, Yanacocha District, Peru
TORONTO, ONTARIO--(Marketwire - Feb. 16, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce exciting gold and silver trench sample results from the Cerro Rico Zone at the Colpayoc Gold Project in Peru. Colpayoc is located 12 kilometers southwest of the Yanacocha Gold Mine. The Cerro Rico Gold-Silver Zone is located 2.0 kilometers northwest of the Daylight Gold Zone, where the Company has a small NI-43-101 compliant gold resource and recently announced successful drilling results. The Company has received assay results of continuous chip channel samples from three trenches, totaling 231.8 meters. The trenches are located over a distance of 260 meters, with two trenches (CR 01 and 02) located 58 meters apart and the third trench CR 03 located 220 meters to the southeast. The hand-dug trenches were excavated in an area containing historic manganese prospect pits which also contains high grade silver mineralization as reported previously. The trenches exhibit northwest trending fault zones occurring within and between limestone sedimentary rocks, felsic volcanic rocks, and irregular felsic intrusive rocks, all of interpreted Cretaceous age. Trenches encountered 147.4 meters of bedrock, with the remainder containing locally derived alluvial material. All mineralization is oxidized. The Cerro Rico Zone occurs at the northwest margin of a magnetic geophysical anomaly that is approximately 3.0 kilometers in diameter and also hosts the Daylight Gold Zone. Trench results include the following significant bedrock assay results which are also shown on the attached map:
Trench Total Length (m) Azimuth From (m) To (m) Interval (m) Silver g/t (Ag) Gold g/t (Au)
CR-01 109.5 030 74.0 82.0 8.0 372.5 g/t 3.9 g/t
including 80.0 82.0 2.0 675.0 g/t 6.5 g/t
90.0 95.5 5.5 7.8 g/t 2.1 g/t
CR-03 60.8 100 2.3 6.6 3.8 84.6 g/t 0.9 g/t
19.9 24.7 4.8 420.3 g/t 0.2 g/t
37.8 43.6 5.8 872.6 g/t 0.7 g/t
Including 41.8 43.6 1.8 1,515 g/t 0.8 g/t
Trench CR-01 contains significant gold and silver mineralization that occurs as silica-manganese replacement style mineralization hosted within silicified, brecciated limestones. The mineralized zone remains open to the north. The mineralized zone from 90.0 – 95.5 contains 2.1 g/t gold and is adjacent to locally derived alluvial material which assays 2.9 g/t Au from 95.5 – 109.5 meters (14.0 meters). This zone of alluvial material is likely derived from adjacent bedrock, however it is not bedrock, senso stricto. The mineralized zone may be more than 22 meters wide. The southern end of the trench also contains anomalous gold mineralization that ranges from 0.17 – 0.26 g/t gold.
Trench CR-02 contains a broad zone of elevated gold and silver mineralization extending from 1.0 – 57.5 meters, containing gold values in the range of 0.02 – 0.64 g/t and silver values up to 13.3 g/t. The trench contains elevated gold mineralization from 45.5 – 49.5, including 2 meters @ 0.64 g/t gold adjacent to alluvial material which covers the bedrock. The zone remains open to the south.
Trench CR-03 contains multiple spectacular silver values that also occur as silica-manganese replacement style mineralization. Several zones of near-source alluvial material are also present in this trench, including the zone from 31.4 – 33.8 meters, which assayed 2.4 meters @ 84.4 g/t silver and 0.6 g/t gold.
Keith Laskowski, President of Estrella commented: "These early stage results are extremely encouraging for several reasons. First, the width and grade of the mineralization is substantial and establishes the Cerro Rico Zone as an independent silver and gold target. Second, these trenches failed to reach bedrock in several areas, and the presence of mineralized alluvial material suggests there is good potential that the mineralized zones are wider than identified here. Third, the Cerro Rico Zone is located only 2.0 kilometers from the Daylight Gold Zone, suggesting there is potential for additional mineralization between these areas. Finally, these results support our interpretation that the Colpayoc Gold Project may contain another major deposit in the Yanacocha District." Additional trenching and geological programs are planned, prior to drilling, as the mineralized zones are open to the northwest and southeast along strike, to the south in trench CR-02 and to the north in trench CR-01.
QA/QC: Assay results identify those mineralized intervals that contain a minimum continuous width of 2.4 meters with a minimum of 0.3 g/t gold (Au) or 100 g/t silver (Ag). Only one internal or adjacent interval of dilution is allowed. Trench samples were collected in accordance with accepted industry standards and procedures. The samples were submitted to the ALS Chemex Labs (ISO 9001:2000 accredited) in Lima Peru for analysis. Gold was analyzed by fire assay with an AAS finish and multi-element analyses were determined with aqua regia digestion and ICP MS/AAS techniques. Silver assays were conducted with ICP MS/AAS and values above 100 g/t were re-analysed with an AAS finish. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
To view the maps included with this release, please visit the following link: http://media3.marketwire.com/docs/est216maps.pdf
NEITHER 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski
President, MSc., QP
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
First Canadian Capital
Dan Boase
Partner
(416) 742-5600 x 232 or Toll-free: (866) 580-8991
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
SOURCE:
http://www.marketwire.com/press-release/Estrella-Announces-Trench-Results-from-Second-Mineralized-Zone-Colpayoc-Gold-Project-TSX-VENTURE-EST-1396963.htm
Estrella Gold signs exploration alliance:
Quote:
____________________________________________________________
TSX VENTURE: EST
Feb 15, 2011 08:30 ET
Estrella Gold and Cliffs Natural Resources Sign Formal Exploration Alliance Agreement
TORONTO, ONTARIO--(Marketwire - Feb. 15, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company"), is pleased to announce it has signed a Formal Agreement with Cliffs Natural Resources Exploration Inc. establishing an exploration alliance (the "Alliance") to explore for Iron Oxide Copper Gold deposits in southern Peru. Cliffs Natural Resources Exploration Inc. (NYSE:CLF) ("Cliffs"), is an international mining and natural resources company. The term of the Alliance is two years, commencing on February 9, 2011 (see prior news release) and provides for subsequent exploration of new properties acquired within the Alliance.
Estrella will be the operator of the Alliance and Cliffs will provide all funding with $400,000 per year for regional exploration. The Cliffs-Estrella Alliance will focus on the discovery of Iron Oxide Copper Gold deposits ("IOCG"), a type of deposits present in Peru and Chile. Each new property will be held in a jointly owned company (50:50) and Cliffs will have an exclusive right to acquire up to 80% interest in each property. Prospective properties with a minimum of $50,000 in expenditures will be nominated to Cliffs as a "Property of Merit". Any "Property of Merit" accepted by Cliffs then becomes a Project for Continued Exploration ("Project") with Cliffs and Estrella each owning a 50% interest. Any Property of Merit which is declined by Cliffs shall become 100% owned by Estrella.
Cliffs can acquire an additional 20% interest in selected Projects, to a total 70% by spending a minimum of $4,000,000 and completing 3,000 meters of drilling within four years of selection. Cliffs will be required to expend a firm commitment of $500,000. Cliffs can acquire an additional 10% interest to a total 80% in selected Projects by completing a NI 43-101 Compliant Pre-Feasibility Study or by defining a compliant Mineral Resource containing a minimum of 1,000,000, ounces of gold or gold equivalent, within four years of earning its 70% interest. If Cliffs elects not to earn an additional 10% interest, Cliffs will pay Estrella $2,000,000 within 60 days and the parties will fund their proportional interest, subject to conventional dilution. If either Party's interest is reduced to 10%, that interest will be convert to a 2% NSR royalty. The Agreement also provides Cliffs with the option to acquire up to an 80% interest in the Company's Pampa Poroma property, subject to the same terms described above, except Cliffs must spend a minimum of $2,000,000 within two years to earn its initial 50% interest.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski MSc., QP
President
(800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
Investor Contact:
First Canadian Capital
Dan Boase, Partner
(416) 742-5600 x 232 or Toll-free: (866) 580-8991
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
____________________________________________________________
http://www.marketwire.com/press-release/Estrella-Gold-Cliffs-Natural-Resources-Sign-Formal-Exploration-Alliance-Agreement-TSX-VENTURE-EST-1395905.htm
CSRFF DRILL RESULTS RELEASED:
Quote:
________________________________________________________________
Feb 02, 2011 08:30 ET
Estrella Announces Drill Results From Colpayoc Gold Project, Yanacocha District, Peru
TORONTO, ONTARIO--(Marketwire - Feb. 2, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce drilling results from the Colpayoc gold project, 12 km southwest of the Yanacocha gold mine in northern Peru. The Company has received assay results from three drill holes, including 462.6 meters of core. The Colpayoc Project contains 4,200 hectares of mineral rights and to date, four discreet areas of mineralization have been identified. Three inclined core holes (-50°) were completed at the Daylight Gold Zone which has a NI 43-101 compliant gold resource measuring 7.6 million tonnes @ 0.60 g/t containing 144,600 oz gold. Drill holes were located at both in-fill and step-out drill sites from the current resource and are intended to provide data necessary to expand the gold resource. Drill results contain the following significant assay intervals:
(click link below to see the table in proper form)
Drill
Hole Total
Depth
(m) Azimuth Inclination From
(m) To
(m) Interval
(m) Gold
g/t
(Au)
COL - 1 202.5 270 -50 Surface 123.8 123.5 m 0.49 g/t
including 0.5 13.0 12.5 m 0.73 g/t
92.5 98.5 6.0 m 0.90 g/t
COL - 2 169.1 270 -50 Surface 101.0 100.7 m 0.67 g/t
including 5.0 37.0 32.0 m 0.81 g/t
COL - 3 91.0 270 -50 Surface 91.0 91.0 0.55 g/t
including 37.2 46.0 8.8 0.84 g/t
All drill holes encountered wide zones of gold mineralization consistent with a large, near-surface gold system. The depth of oxidation ranges from 45 – 80 meters vertical depth, with the exception of drill hole COL-2, which encountered mixed oxide zones at 25 meters depth. All drill holes intercepted projected zones of previously identified gold mineralization. These drill results indicate the Daylight Gold Zone remains open at depth, and in all directions (see attached map).
The Daylight Gold Zone is hosted within a Cretaceous – Tertiary age gold porphyry system that was intruded into Cretaceous sedimentary rocks. The gold-bearing zone and the porphyry intrusions are exposed within a roughly 400 meter diameter erosional window within the sedimentary rocks. Mineralization may extend both beneath the sedimentary contact and within the sediments. The geology and gold mineralization are similar to Goldfield Mining Corporation's Cerro Corona mine located 38 km to the north.
The Daylight Gold Zone was initially tested with four drill holes (647 meters) during the mid-1990s, which contained results up to 112 meters @ 0.8 g/t gold in drill hole RCD-1. An initial NI 43-101 compliant resource estimate was prepared by SRK Consultants in 2010, containing 7.6 million tonnes @ 0.6 g/t gold with 144,600 ounces of gold contained (see further description below). The historic drilling and resource block model indicated that the gold zone is open at depth and in all directions with higher grade zones oriented northeast-southwest. Drilling results are consistent with the Company's expectations and confirm that the Colpayoc project has potential to contain a near-surface bulk mineable gold deposit. Estrella has recently suspended the drilling program, following the dissolution of the local Community government in early January after elections in late 2010. The Llullupuquio community owns the surface rights at Colpayoc. Estrella has worked diligently over the last 12 months to develop a transparent community relation with this group. The Company conducted negotiations through January and has accepted the delay and will respect the Community's administrative procedures. The Company continues to conduct surface exploration programs and its program of cooperative work projects with all surrounding communities. The Community of Llullupuquio is expected to re-establish its government in the next month and drilling may resume at that time.
QA/QC: Assay results identify those mineralized intervals that contain a minimum continuous width of 6.0 meters with a minimum gold content of 0.3 g/t. Only one internal or adjacent interval of dilution is allowed. Higher grade intervals are calculated using a minimum continuous width of 6.0 meters with a minimum gold content of 0.7 g/t gold. Drill hole samples were collected in accordance with accepted industry standards and procedures. The samples were submitted to the ALS Chemex Labs (ISO 9001:2000 accredited) in Lima, Peru for analysis. Gold was analyzed by fire assay with an AAS finish and multi-element analyses were determined with aqua regia digestion and ICP MS/AAS techniques. The Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks and field duplicates.
About the Colpayoc NI 43-101 Compliant Gold Resource: The initial resource estimate was prepared by SRK Consulting (U.S.) Inc. as part of a NI 43-101 Technical Report completed in June 2010. The resource estimate contained the following:
Colpayoc Daylight Gold Zone: Inferred Resource (0.30 g/t low-grade cutoff):
Oxide: 4,663,275 tonnes @ 0.59 g/t containing 87,800 oz
Reduced: 2,913,019 tonnes @ 0.61 g/t containing 56,800 oz
Total: 7,576,293 tonnes @ 0.60 g/t containing 144,600 oz gold
The block model utilizes an inverse-distance squared (ID2) model, with 6m x 10m x 10m block sizes, using Mintec's MineSight software. All gold mineralization is hosted within sheeted and stockwork quartz+/magnetite+/pyrite-iron oxide veins, hosted within a highly altered granitic intrusion. Oxidation extends to approximately 45 meters depth, and preliminary bottle-role tests on surface trench samples indicate favorable recoveries for oxidized material. The outcropping area of the intrusion is almost entirely altered and mineralized, however overlying sedimentary rocks limit the exposure of this mineralized rock. Although the property has received only a small amount of drilling, due to the consistent and broad areas of gold mineralization, the Company has prepared this initial gold resource estimate to guide future exploration and expansion of the resource. This initial resource estimate benefits from extensive surface trench data, however the small number of drill holes generally limits the extent of interpolated mineralization at depth. The four drill holes penetrated consistent mineralization to the end of each hole (200 meters), however resources can only be included adjacent to the drill holes, and between the drill holes on interpreted northeast structural trends, until additional drilling is completed. There is exploration potential beneath mineralized trenches that is not fully tested by drilling.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 17.3 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
To view the first figure associated with this release, please visit the following link: http://media3.marketwire.com/docs/est0202fig1.pdf.
To view the second figure associated with this release, please visit the following link: http://media3.marketwire.com/docs/est0202fig2.pdf.
NEITHER 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski
President, MSc., QP
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
Investor Contact: First Canadian Capital
Dan Boase
Partner
(416) 742-5600 x 232 or Toll-free: (866) 580-8991
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
_____________________________________________________________
http://www.marketwire.com/press-release/Estrella-Announces-Drill-Results-From-Colpayoc-Gold-Project-Yanacocha-District-Peru-TSX-VENTURE-EST-1389231.htm
CSRFF
NEWS:
Quote:
__________________________________________________________
Jan 31, 2011 16:01 ET
Estrella Gold Grants Stock Options
TORONTO, ONTARIO--(Marketwire - Jan. 31, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) (the "Company") announces the granting of 665,000 incentive stock options on January 20, 2011. Of the 665,000 stock options awarded, 475,000 were granted as performance incentives to two current directors and one officer of the Company. The remaining 190,000 stock options were awarded to the Company's staff and consultants.
The stock options have an exercise price of $1.10 per share and vest quarterly over an 18-month period expiring January 20, 2014. All options granted and any common shares issued upon the exercise of the options will be subject to a statutory four-month hold period expiring May 20, 2011. The granting of the options is subject to regulatory approval.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategy focuses on generating new prospects/discoveries and increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 17,256,845 shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski MSc.
President
Direct Tel: (800) 362 2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
First Canadian Capital
Dan Boase
Partner
(416) 742-5600 x 232 or Toll-free: (866) 580-8991
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
____________________________________________________________
http://www.marketwire.com/press-release/Estrella-Gold-Grants-Stock-Options-TSX-VENTURE-EST-1387978.htm
Purchase of 37,000 shares, the most I've seen in some time, has CSRFF up 3.36% for the day. Getting closer to assay results.
CSRFF
Edit: Followed by a sale of 10,500 three minutes later has it down 4.68%.
NEWS release about private funding:
Quote:
________________________________________________________________
Estrella Gold Closes Private Placement Financing
TORONTO, ONTARIO--(Marketwire - Jan. 12, 2011) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it has closed a non-brokered private placement offering of 1,250,000 units (each a "Unit") at $0.80 per Unit for gross proceeds of $1,000,000 (the "Financing").
Each Unit is comprised of one common share (each a "Common Share") and one non-transferable warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $1.20 per share until July 12, 2012. The Warrants are callable, at the option of Estrella, after May 13, 2011 if its Common Shares trade at or over $1.60 per share for 10 consecutive trading days. The number of Common Shares issuable pursuant to the Financing, if all Warrants are exercised, is 2,500,000 Common Shares for gross proceeds of $2,500,000.
In connection with the Financing, the Company paid eligible finders (the "Finders") a cash fee equal to 6% of the gross proceeds placed through each Finder under the Financing and also issued compensation warrants equal to 10% of the total number of Units (the "Compensation Warrants"), issued through each Finder, under the Financing. Each Compensation Warrant entitles the holder to acquire one Common Share of Estrella at $0.80 until July 12, 2012. On closing, the Company paid $48,600 and issued 101,250 Compensation Warrants to the Finders.
The securities issued pursuant to the Financing will all be subject to a four-month regulatory hold period from the date of closing. With the closing of this Financing, Estrella has 17,256,845 common shares issued and outstanding.
The net proceeds of the Financing will be used for:
(i) Phase II drill program at Colpayoc property;
(ii) property acquisitions; and
(iii) working capital and general corporate purposes.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategy focuses on generating new prospects/discoveries and increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Estrella Gold has seven precious metal exploration projects in Peru and one in Chile. The Company has 17,256,845 shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
Read more: http://www.digitaljournal.com/pr/199227#ixzz1Av4Bjg8F
______________________________________________________________
CSRFF
I replied once, but it never showed up. Here it is again. Fulp is at mercenarygeologist.com You can sign up for his emails free. Be aware that he generally just comments on companies that pay for his site, but he seems to have good "client acceptance" standards so his comments can be very useful.
Kaiser (kaiserbottomfish.com) is $800 per year, and well worth it in my opinion. You can try him out for a month at $100.
Fulp is at mercenarygeologist.com You can sign up for free. You should take him with a grain or two of salt, since he generally just comments on companies paying for his site, but he seems to have pretty good "client acceptance" standards and I have found him to be useful.
Kaiser is a paid service at kaiserbottomfish.com He is $800 per year and well worth it in my opinion. You can try him out for a month at $800.
See the notation of Estrella Gold from December 5th on Bottom-Fish but have no access to the site:
Quote:
________________________________________________________________
Bottom-Fish Comment: Recommendation Strategy for Estrella Gold Corp
Publisher: Kaiser Research Online
Author: Copyright 2011 John A Kaiser
________________________________________________________________
Thanks ellwodo!
CSRFF
ellwodo, can you provide a link? Tried searching but found no recent interviews past December 14th.
Anyway, you have provided a nice resource. I wasn't aware of the Mercenary Geologist Fulp -- thanks.
Favorable mentions last week from both the Mercenary Geologist and Kaiser. Should awaken some interest.
Low volume (6500 shares traded), but up 16.37% at 11:00 AM today. Still no MMs on Level II, but surely they will be joining as we move closer to the drill assay results over the next several weeks.
CSRFF
Checked with the latest PR regarding the drilling and determined that they had stopped drilling over the holidays and were to resume in early January with the initial results of the assays to be available in late January.
Quote:
_________________________________________________________________
Drilling at the Colpayoc Zone will continue until December 22nd, when the team will shut down for the Holiday Break. Drilling will re-commence during early January and initial assay results are expected in late January.
_________________________________________________________________
http://pr-usa.net/index.php?option=com_content&task=view&id=565781&Itemid=34
CSRFF
New Estrella Gold FACT SHEET - January 2011
Estrella Gold FACT SHEET - January 2011
Currently up 20% today, but volume remains low. Suspect we are getting close to drill results and some are buying through brokers or paying a premium to purchase shares because there still are no MMs on Level II. Keep looking for CSRFF to show up with MMS to allow this to begin trading freely.
YouTube video has been released with the CEO, Keith Laskowski, being interviewed. Note they use the Toronto Exchange ticker symbol (EST:V)and not the US symbol which of course is CSRFF:
News of appointment of VP of exploration:
Quote:
________________________________________________________________
Estrella Gold Corporation (CSRFF)
TSX VENTURE: EST
Dec 15, 2010 08:00 ET
Estrella Gold Appoints Stan Myers as Vice President for Exploration
TORONTO, ONTARIO--(Marketwire - Dec. 15, 2010) - Estrella Gold Corporation (TSX VENTURE:EST)("Estrella" or the "Company") is pleased to announce the appointment of Mr. Stanley A. Myers as Vice President – Exploration. Mr. Myers is a highly motivated, successful, and respected precious metals geologist with more than 23 years of experience in the Americas, including 16 years in Latin America, mainly in Peru.
Stan brings a wealth of successful exploration experience to Estrella. Stan worked with Newmont in South America from 1994-2006 in a variety of senior management roles, including Exploration Manager for the Yanacocha District in 1997-2000 where he was instrumental in guiding the team to discover two new multi- million ounce deposits, as Regional Geologist for the Andes from 2001-2004 and as Project Manager for the Nassau Project in Suriname in 2004-2006, where the teams also achieved significant success. He also served as Director of Exploration for Southwestern Resources, which was taken over by Hochschild Mining PLC in 2009 and, most recently, Vice President of Operations for Latin Resources in Peru.
Mr. Myers received his Bachelor of Science degree (1987) and his Master of Science degree in Geology (1992) from the University of Idaho. Keith Laskowski, President of Estrella, commented; "We are very fortunate and grateful to have Stan join us at Estrella. His experience and knowledge is perfectly aligned with the strategies and goals of Estrella. We look forward to supporting his programs and ideas as we explore for gold in Latin America." Mr. Myers will continue to be based in Peru and will be responsible for all of the Company's exploration programs in Peru, Chile, and the Dominican Republic.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 16 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski MSc., QP
President
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
Investor Contact:
First Canadian Capital
Dan Boase, Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
_______________________________________________________________
http://www.marketwire.com/press-release/Estrella-Gold-Appoints-Stan-Myers-as-Vice-President-for-Exploration-TSX-VENTURE-EST-1369234.htm
NEWS Regarding the commencement of drilling:
Quote:
_______________________________________________________________
Estrella Gold Corporation
TSX VENTURE: EST
Dec 14, 2010 08:00 ET
Estrella Starts Drilling at Colpayoc and Announces New Mineralization at Cerro Rico, Yanacocha Gold District, Peru
TORONTO, ONTARIO--(Marketwire - Dec. 14, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it has commenced a core drilling program at the Daylight Zone of the Colpayoc Gold Project and it has identified high grade silver and gold mineralization four kilometers northwest at the Cerro Rico Zone. The Project contains three types of gold mineralization however the drilling will be completed on the Daylight Zone only. The property contains 4,200 hectares and is located 15 km southwest of the Yanacocha mine complex, which is the largest gold producer in South America, and 15 kilometers west of the city of Cajamarca.
The Daylight Zone contains oxidized, outcropping gold and copper mineralization hosted within a felsic intrusive, typical of a porphyry gold-copper system. Initial surface trench sampling (2500 meters) identified a circular area of outcropping gold mineralization, approximately 300 meters in diameter. The gold zone was initially tested with 4 drill holes (647 meters) which contained results up to 112 meters @ 0.8 g/t gold in drill hole RCD-1, and 152 meters @ 0.8 g/t gold in Trench B. Drilling was completed to a maximum depth of 180 meters and all drill holes ended in mineralized rock. Based on these results an initial NI 43-101 compliant resource was prepared by SRK Consultants and contained 7.6 million tonnes @ 0.6 g/t gold with 144,600 ounces of gold (see further description below). The historic drilling and resource block model indicates that the gold zone is open at depth and in all directions with higher grade zones oriented northeast-southwest. Drilling is planned to provide assay data that may increase the size of the initial gold resource. Drill holes are located at both in-fill and step-out drill sites from the current resource. A minimum of 1,200 meters of drilling is planned and additional drilling will be considered based on results. The current drill program will include 6 – 8 inclined core holes to depths of approximately 200 meters. Drilling at the Colpayoc Zone will continue until December 22nd, when the team will shut down for the Holiday Break. Drilling will re-commence during early January and initial assay results are expected in late January.
Recent sampling at the Cerro Rico Prospect, located 4 kilometers northwest of the Daylight Zone identified high grade silver and gold mineralization that occurs within northwest trending fault zones hosted in volcanic and sedimentary rocks. In several places, these structures host variably silicified and brecciated felsic volcanics with precious metal mineralization, including gold assays up to 10 g/t and silver assays up 912 g/t from surface rock samples. Further systematic mapping and rock sampling is now in progress at the Cerro Rico zone in preparation for drilling in 2011.
About the Colpayoc NI 43-101 Compliant Gold Resource: The initial resource estimate was prepared by SRK Consulting (U.S.) Inc. as part of a NI 43-101 Technical Report completed in June 2010. The resource estimate contained the following:
Colpayoc Daylight Zone:Inferred Resource (0.30 g/t low-grade cutoff):
Oxide: 4,663,275 tonnes @ 0.59 g/t containing 87,800 oz
Reduced: 2,913,019 tonnes @ 0.61 g/t containing 56,800 oz
Total: 7,576,293 tonnes @ 0.60 g/t containing 144,600 oz gold
The block model utilizes an inverse-distance squared (ID2) model, with 6m x 10m x 10m block sizes, using Mintec's MineSight software. All gold mineralization is hosted within sheeted and stockwork quartz+/magnetite+/pyrite-iron oxide veins, hosted within a highly altered granitic intrusion. Oxidation extends to approximately 45 meters depth, and preliminary bottle-role tests on surface trench samples indicate favorable recoveries for oxidized material. The outcropping area of the intrusion is almost entirely altered and mineralized, however overlying sedimentary rocks limit the exposure of this mineralized rock. Although the property has received only a small amount of drilling, due to the consistent and broad areas of gold mineralization, the Company has prepared this initial gold resource estimate to guide future exploration and expansion of the resource. This initial resource estimate benefits from extensive surface trench data, however the small number of drill holes generally limits the extent of interpolated mineralization at depth. The four drill holes penetrated consistent mineralization to the end of each hole (200 meters), however resources can only be included adjacent to the drill holes, and between the drill holes on interpreted northeast structural trends, until additional drilling is completed. There is exploration potential beneath mineralized trenches that is not fully tested by drilling.
About Estrella Gold Corporation (TSX VENTURE:EST): Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategies focus on 1) generating new prospects/discoveries and 2) increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 16 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski MSc., QP
President
(800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
Investor Contact: First Canadian Capital
Dan Boase
Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
http://www.marketwire.com/press-release/Estrella-Starts-Drilling-Colpayoc-Announces-New-Mineralization-Cerro-Rico-Yanacocha-TSX-VENTURE-EST-1368354.htm
_____________________________________________________________
Reported CSRFF private placement brokered:
http://www.azomining.com/details.asp?newsID=1853
Quote:
______________________________________________________________
Estrella Gold Uses Private Placement Proceedings for Regional Andean Gold Exploration Program
Posted in | Gold | Mining Business
Estrella Gold Corporation (TSX VENTURE:EST) has announced it has closed a non-brokered private placement offering of 2,000,000 units at $0.50 per Unit for gross proceeds of $1,000,000.
Each Unit is comprised of one common share (each a "Common Share") and one non-transferable warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.80 per share until December 3, 2012. The Warrants are callable, at the option of Estrella, after April 4, 2011 if its Common Shares trade at or over $1.00 per share for 20 consecutive trading days. The number of Common Shares issuable pursuant to the Financing, if all Warrants are exercised, is 4,000,000 Common Shares for gross proceeds of $2,600,000.
In connection with the Financing, the Company paid eligible finders (the "Finders") a cash fee equal to 6% of the gross proceeds placed through each Finder under the Financing and also issued compensation warrants equal to 10% of the total number of Units (the "Compensation Warrants"), issued through each Finder, under the Financing. Each Compensation Warrant entitles the holder to acquire one Common Share of Estrella at $0.60 until December 3, 2012. On closing, the Company paid $45,600 and issued 152,000 Compensation Warrants to the Finders.
The securities issued pursuant to the Financing will all be subject to a four-month regulatory hold period from the date of closing. With the closing of this Financing, Estrella has 16,006,845 common shares issued and outstanding.
The net proceeds of the Financing will be used for:
Regional Andean Gold Exploration (RAGE) program; and
working capital and general corporate purposes.
_______________________________________________________________
NEWS about exploration alliance:
http://www.digitaljournal.com/pr/178837
Quote:
________________________________________________________________
Estrella Gold Announces Strategic Exploration Alliance With Cliffs Natural Resources in Peru
TORONTO, ONTARIO--(Marketwire - Dec. 7, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it has established an exploration Alliance with Cliffs Natural Resources Exploration Inc. ("Cliffs"), to explore for Iron Oxide, Copper, Gold deposits in southern Peru. The Term of the Alliance is for two years, commencing in early 2011. Estrella will be the Alliance Operator and will provide use of the Company's strategic Regional Andean Gold Exploration ("RAGE") Database. The RAGE database is a sophisticated GIS-based database with geological, geophysical, geochemical, and satellite imagery exploration data which specifically targets new mineral deposits. Cliffs will provide all funding with $400,000 per year for exploration programs. The Alliance has signed a Binding Term Sheet, which is subject to completion of a Formal Agreement within 60 days of November 20, 2010.
The Cliffs-Estrella Alliance will focus on the discovery of Iron Oxide, Copper, Gold deposits ("IOCG"), a class of polymetallic deposits present in Peru and Chile. The Alliance will focus on a specific area of interest, located at the northern end of the southern Peru IOCG terrain. Cliffs is highly experienced in the evaluation, development and operation of ferro-alloy metallic mines and is an ideal partner for IOCG exploration in Peru. Each new property will be held in a jointly owned company (50:50) and Cliffs will have an exclusive right to acquire up to 80 percent interest in each property. Prospective properties with a minimum of $50,000 in expenditures will be nominated to Cliffs as a "Property of Merit". Any Property of Merit accepted by Cliffs then becomes a Project for Continued Exploration ("Project") with Cliffs and Estrella each owning a 50 percent interest. Any Property of Merit which is declined by Cliffs shall become 100 percent owned by Estrella.
Cliffs can acquire an additional 20 percent interest in selected Projects, to a total 70 percent by spending a minimum of $4,000,000 and completing 3,000 meters of drilling within four years of selection. Cliffs will be required to expend a firm commitment of $500,000 and a minimum of $750,000 in the first year. If Cliffs fails to earn a 70 percent interest, the property will revert back to Estrella (100%) subject to Estrella granting an NSR royalty to Cliffs, based on the amount of expenditures Cliffs has made on the property. If Cliffs has spent a minimum of $1,000,000 but less than $3,000,000 they will receive a 0.5 percent NSR royalty. If Cliffs has spent more than $3,000,000 but less than $4,000,000 they will receive a 1.0 percent NSR royalty.
Cliffs can acquire an additional 10 percent interest to a total 80 percent in selected Projects by completing a NI 43-101 Compliant Pre-Feasibility Study or by defining a compliant Mineral Resource containing a minimum of 1,000,000, ounces of gold or gold equivalent, within four years of earning its 70 percent interest. If Cliffs elects not to earn an additional 10 percent interest, Cliffs will pay Estrella $2,000,000 within 60 days and the parties will fund their proportional interest, subject to conventional dilution. If either Party's interest is reduced to a 10 percent, that interest will be convert to a two percent NSR royalty.
Keith Laskowski, President of Estrella, commented; "This is an ideal opportunity for Estrella and Cliffs; Cliffs is an industry-leading international mining and natural resources company, with an aggressive program to discover new IOCG deposits in Peru. Our team and our database will provide a quick start and efficient program. The Agreement provides Estrella and our shareholders with potential for significant rewards. Estrella looks forward to supporting Cliffs' strengths, and to a successful program."
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a "Prospect Generator" focused on gold in Latin America. The Company's dual strategy focuses on (1) generating new prospects/discoveries and increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and (2) additional historic non-compliant gold resources. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Peru and one in Chile. The Company has 16,006,845 shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
Read more: http://www.digitaljournal.com/pr/178837#ixzz17iUdEpk8
Up 13.73% on a volume of 10,000 trades. Still no MMS on Level II which makes it inconvenient and more expensive to trade. Keep looking for the return of bids/asks on Level II (E-Trade Pro)
NEWS About JV:
http://www.marketwire.com/press-release/Estrella-Gold-Announces-Joint-Venture-on-Pampa-Poroma-IOCG-Target-With-Cliffs-Natural-TSX-VENTURE-EST-1364191.htm
Quote:
_______________________________________________________________
Estrella Gold Corporation
TSX VENTURE: EST
Dec 06, 2010 08:47 ET
Estrella Gold Announces Joint Venture on Pampa Poroma IOCG Target With Cliffs Natural Resources In Peru
TORONTO, ONTARIO--(Marketwire - Dec. 6, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce the establishment of a Joint Venture with Cliffs Natural Resources Exploration Inc. ("Cliffs") for the exploration and potential development of the Company's Pampa Poroma Iron Oxide Copper Gold ("IOCG") project in Peru. The Pampa Poroma IOCG project is located 22 km south of Nazca, Peru, in the Department of Ica. The Pampa Poroma property is located approximately 20 km northeast from the Marcona-Mina Justa Iron Oxide Copper Gold district which contains at least three major IOCG deposits. The Marcona, Mina Justa and Pampa de Pongo deposits each contain between 750 thousand to 1.4 billion tonnes of iron-copper-gold reserves or resources. The Pampa Poroma property contains 900 hectares of mineral claims located over prospective alteration and mineralization. Estrella owns a 100% interest in the claims subject to the Mining Law of Peru. The Companies have signed a Binding Term Sheet, which is subject to completion of a Formal Agreement within 60 days of November 20, 2010.
Under the terms of the Joint Venture agreement Cliffs can earn an initial 50 percent interest in the Pampa Poroma project by making exploration expenditures of $2 million within 2 years, including a minimum of $750,000 during year one with a firm commitment of $500,000. Estrella will operate the Venture until such time that Cliffs elects to take over as operator. Cliffs must spend an additional $4 million within 4 years of earning its 50 percent interest, to earn an additional 20 percent, to a total 70 percent interest. If Cliffs fails to earn a 70 percent interest, the property will revert back to Estrella (100%) subject to Estrella granting an NSR royalty to Cliffs, based on the amount of expenditures Cliffs has made on the property. If Cliffs has spent a minimum of $1,000,000 but less than $3,000,000 they will receive a 0.5 percent NSR royalty. If Cliffs has spent more than $3,000,000 but less than $4,000,000 they will receive a 1.0 percent NSR royalty.
Cliffs can acquire an additional 10 percent interest to a total 80 percent in Pampa Poroma, by completing a NI 43-101 Compliant Pre-Feasibility Study or by defining a compliant Mineral Resource containing a minimum of 1,000,000, ounces of gold or gold equivalent, within four years of earning its 70 percent interest. If Cliffs elects not to earn an additional 10 percent interest, Cliffs will pay Estrella $2 million within 60 days and the parties will fund their proportional interest, subject to conventional dilution. If either Party's interest is reduced to a 10 percent, that interest will be converted to a 2 percent NSR royalty.
Keith Laskowski, President of Estrella commented "We are very excited about this opportunity to work with Cliffs Natural Resources Exploration Inc., a leading exploration and mining company focused on Iron Oxide Copper Gold Deposits. We look forward to helping them achieve their goal of finding the next major IOCG deposit in Peru."
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is "Prospect Generator" focused on gold in Latin America. The Company's dual strategy focuses on (1) generating new prospects/discoveries and increasing the Company's inventory of gold resource ounces. Estrella has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru, and additional historic non-compliant gold resources. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 16,006,845 shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
For more information, please contact
Estrella Gold Corporation
Keith Laskowski MSc., QP
President
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
Investor Contact:
First Canadian Capital
Dan Boase, Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
Article about Estrella (CSRFF) in GlobalMetalsNews:
http://www.globalmetalsnews.net/Global+Metals+News/MetalsNews/Dr.+Allen+Alper/FEATURED275145/Estrella+Gold+Applies+Global+Lessons+to+Build+Gold+Value+in+Peru.htm
(Pictures, diagrams, etc. are in the linked article)
_______________________________________________________________
Estrella Gold Applies Global Lessons to Build Gold Value in Peru
By Dr. Allen Alper
Keith A. Laskowski, President and Director of Estrella Gold Corporation (TSX-V: EST), at the New Orleans Investment Conference
Peru has a storied past in precious metals. How does it continue to produce rich mineral finds today? Estrella Gold Corporation shows how it applies modern methods and talent to pursue new discoveries in Peru.
Keith A. Laskowski, the president and director of Estrella Gold Corporation (TSX-V: EST), spoke with us at a recent conference. When you talk to Keith, you get the strong impression that he has seen every twist in the gold industry in the last 30 years. And these days he’s bullish on Peru.
“I’ve been in the gold business since the gold business really started in North America back in 1981,” he says, “and my experience has been almost entirely in gold. I was involved with uranium during the recent uranium boom and the one in the late 70’s as well.
But nonetheless, my business focus here with Estrella is pretty simple. I’ve learned a lot over the last 30 years. I’ve learned that gold is going to be very, very important in the future as it is now. I’ve learned where the gold districts are, and I’ve learned what major mining companies are looking for in a gold deposit.
“So what Estrella Gold is trying to do – and I believe we’re succeeding – is to build a portfolio of projects that have either measured gold resources or new discoveries that can grow into measured gold resources, with the whole objective being to establish a large resource inside of our company for the least amount of money and protect shareholders’ value by minimizing dilution.”
As a mineral exploration company, Estrella Gold controls seven projects in Peru. It has built its portfolio through acquisition of projects in areas that have a rich history of mineral production. “We have two projects with resources,” says Laskowski, “and we have a portfolio of five other projects that we are advancing to either develop resources or ventures.”
Though Estrella Gold has focused on Latin America, its strategy has been shaped by a lifetime of lessons that Laskowski learned around the world. He spent 17 years learning the industry at Newmont Mining. When he resigned from Newmont in 1997, he started a string of new adventures.
He recalls, “I ended up going to work for a very high net worth individual. [He] wanted me to essentially build a mining company for him. So I spent seven years traveling around the world and building companies. That portfolio was built originally for Harrods Minerals, which became known as Gallant Minerals.
“Harrods is owned by the same man that owns Harrods Department Store in London. At any rate, we built the company in Peru and in Mongolia, and then eventually sold those companies in 2004-2005. And since 2005, my job has been working with junior companies, and again, that’s part of where my strategy comes from with Estrella.
“During that 2005 to 2008 period, I had two very successful ventures, and I’m trying to capitalize on that venture strategy in Estrella and bring both of those successful strategies to one company. One of the companies that I started was Northern Canadian Uranium and that company quickly put together uranium resources and was taken over by Bayswater Uranium. We had about a 400% premium to our shareholders’ investment, so that was a favorable transaction.”
A second bonanza followed. Laskowski launched a program in Haiti funded by Eurasian Minerals. According to him, “We went into Haiti during period of stability, just following their first democratic election, and we made some very exciting early stage discoveries. The quality of the initial results resulted in a major mining company quickly working to establish joint venture agreements with us. Newmont Mining negotiated a very favorable joint venture agreement with Eurasian Minerals on those projects. With Estrella, I’m utilizing both of those experiences to try to build a company that’s going to have a solid gold resource base, and a package or new discoveries so that we will be attractive as a takeover target, or simply to establish ventures on a project by project basis. Our goal is to obtain funding from outside sources in either case, and to build shareholder value.”
Laskowski indicates that the geology of Peru is “a very well-endowed in gold” and says that Estrella uses two main methods to find properties. First, the company has an existing portfolio and is investigating many target areas. Second, Estrella has built a sophisticated technical database that helps it identify new areas where the company might look for gold deposits. The database contains information which identifies new areas with promising indicators of gold mineralization, similar to areas with established gold reserves.
In terms of acquisition, Laskowski says that Estrella usually deals with properties that it can stake directly and acquire a mining exploration license from the government. In other cases, the company simply negotiates acquisition from a current owner.
Even though Estrella Gold’s board has long featured industry veterans, recent additions have enhanced its technical abilities, starting with Laskowski’s hiring a year ago. CEO Bernard Kraft, for instance, has anchored the board for 14 years. Gregory Harris, another veteran director and an attorney based in Calgary, has broad experience with junior markets.
But in the last six months, the addition of two more directors has strengthened the management team. Fernando Pickmann, an accomplished mining lawyer based in Lima, brings not just industry experience, but also the local familiarity which is critical to Estrella’s focus on Peru.
Don Taylor, the other new director, has 30 years international experience as an exploration and mining geologist. Taylor spent 10 years in senior management at BHP Minerals and, more recently, served as an executive at The Doe Run Company, one of the largest lead mining companies in the world.
On the topic of financials, Laskowski says, “We have just completed a private placement, issuing 2 million shares at $0.50 per share; however we only had 11.9 million shares issued and trading, so this brings our total to 13.9 million shares. I anticipate another small financing in the coming weeks. I am anticipating that we will be pretty well funded for the next 12 months, but we may need to raise additional funds if our next round of drilling is as successful as I expect it to be.”
Though the company stock is currently trading for less today than it was last year, Laskowski says that’s precisely why investors should give the stock a closer look:
“I think everybody at this convention is here because they believe [their stock is] undervalued, but in our case, I think it’s pretty easy to calculate. I’d encourage shareholders or investors to look at it themselves…
“A year ago, we didn’t have any measured ounces of gold. This year, we’ve got about 300,000 ounces measured – half in the 43-101 compliant inferred category and half in the historic resource calculations. So there’s kind of a disconnect there. Part of my mission now is to communicate this specific information to the public and make them aware that we’ve actually added ounces of gold, and our price has gone down. Potential shareholders should look into that.”
Savvy investors, Laskowski believes, should judge Estrella with the same critical eye that he used when deciding to join the company a year ago. After leading the acquisition of over 75 gold, uranium, and copper exploration properties around the world in the last 12 years, surely he had other options. Why did he join Estrella, and why should investors back the company?
“Number one, very small share structure,” he says, “which means that if I do my job properly, I can build value for those shares. So we have 13.9 million shares issued – very low dilution.
“Number two, we’re in Peru. It’s not a coincidence I’m here. If you analyze countries around the world, Peru brings the unique opportunity of gold endowment and stable government in a reasonably priced environment, so Peru is one of the best places in the world to be working.
“And number three, I have a lot of areas that I want to explore in Peru, so we have a great opportunity to identify new discoveries and increase that shareholder value through low-cost exploration.”
The Gold Report Interview with Mickey Fulp (04/28/10) "I like Canadian Shield Resources Ltd. ( now Estrella Gold) It's a company with new management and seven Peruvian-based exploration projects. Two of those projects have historic resources that should be qualified in the near future. The company is pursuing opportunities to vend those seven projects to joint venture partners.”
For more information:
http://www.estrellagold.com/
Corporate Office - Toronto, Canada:
Email: info@estrellagold.com
Address: 151 Bloor Street West
Suite 703
Toronto, Ontario
Canada M5S 1S4
Telephone: (416) 927-0025
Fax: (416) 927-1222
Toll Free: (888) 927-0025
Website: www.estrellagold.com
Exploration Office - Lima, Peru:
Address: Calle Dos de Mayo 472
Miraflores, Lima 18
Peru
Telephone: (511) 719-6152
Fax: (511) 446-1194
NEWS OUT THIS MORNING:
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Estrella Gold Corporation
TSX VENTURE: EST
Nov 30, 2010 08:45 ET
Estrella Gold Begins Gold Exploration in Dominican Republic
TORONTO, ONTARIO--(Marketwire - Nov. 30, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it has established a new corporation in the Dominican Republic to acquire and explore gold and copper properties. The Company has submitted four applications for exploration concessions, covering 24,025 hectares of mineral lands. Estrella is also seeking property submittals from third parties. The new company is named Estrella Gold Dominican Republic ("Estrella DR"), based in Santo Domingo. The Company's applications were submitted to the Secretary of State for Industry and Commerce and are now being processed. The island of Hispaniola contains a high gold endowment and contains one of the world's largest gold deposits at Pueblo Viejo, Dominican Republic. The management of Estrella has had extensive experience and successful gold exploration in the adjacent country of Haiti and is now seeking to utilize that experience to make new discoveries with Estrella in the Dominican Republic.
The Dominican Republic occupies the eastern two-thirds of the island of Hispaniola. The geology of the northern half of the country is dominated by a Cretaceous-Tertiary age, accreted island-arc terrain. The island of Hispaniola has a rich history of gold production, including the first discovery of gold and the first city established by Europeans in the "new world" (1492). The principal gold deposit in the Dominican Republic is the Pueblo Viejo deposit, which is now being developed by Barrick/Goldcorp.
Pueblo Viejo is one of the largest gold deposits in the world is the second largest epithermal high-sulfidation gold deposit in the world, with a total gold endowment of more than 25 million ounces. This area was first mined in the early 1500's following Captain Columbus's discovery of gold on the island of Hispaniola in 1492. Gold was produced from the rich placers near Pueblo Viejo at Miches, until 1545 when the placer deposits played out and the Spanish operations shifted to Mexico and Peru. The huge volume of bedrock mineralization at Pueblo Viejo was discovered in 1969 and put into production in 1975 by a joint venture between the government of the Dominican Republic, Simplot Industries and Rosario Resources, with an oxide reserve of 27 Mt @ 4.23 g/t Au and 21.6 g/t Ag.
The mine was operated until 1999 and was of great importance to the Dominican Republic. Pueblo Viejo produced 5.4 million ounces of gold and 24.7 million ounces of silver from oxide and transitional ore. Mining stopped when the sulphides were reached. The mine was once again a subject of interest in 2001 when it was auctioned to the former Placer Dome. Barrick Gold acquired Placer Dome and the Pueblo Viejo project pursuant to an agreement with Goldcorp, providing Goldcorp with a 40% interest in the project. The Pueblo Viejo project contains reserves of 20.4 million ounces of gold, 423.6 billion pounds of copper and 117.3 million ounces of silver. Barrick holds a 60% interest and is the operator with Goldcorp owning the remaining 40% interest. Production is scheduled to begin during the first quarter of 2011.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a gold exploration and development company focused on Latin America. Mr. Keith A. Laskowski, MSc., is a Qualified Person for the purposes of National Instrument 43-101 Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators, and has prepared, reviewed and verified the technical information contained in this news release. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company has 144,600 ounces of gold at its Colpayoc Project in Peru (NI 43-101 Inferred Resource) and is expanding its gold resource inventory, and also making new gold discoveries. The Company has 14 million shares Issued and Outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
________________________________________________________________
http://www.marketwire.com/press-release/Estrella-Gold-Begins-Gold-Exploration-in-Dominican-Republic-TSX-VENTURE-EST-1361010.htm
Up 12% on the 29th. Been seeing some trades over the past week. This raises hope that some MMs will begin to provide Level II bids/asks as was the case some months ago.
NEWS OUT:
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Estrella Gold Corporation
TSX VENTURE: EST
Nov 18, 2010 13:40 ET
Estrella Gold Closes Private Placement Financing
TORONTO, ONTARIO--(Marketwire - Nov. 18, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce it has closed a non-brokered private placement offering of 2,000,000 units (each a "Unit") at $0.50 per Unit for gross proceeds of $1,000,000 (the "Financing"). One director participated in the Financing.
Each Unit is comprised of one common share (each a "Common Share") and one non-transferable warrant (each a "Warrant"). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.80 per share until November 17, 2012. The Warrants are callable, at the option of Estrella, after March 18, 2011 if its Common Shares trade at or over $1.00 per share for 20 consecutive trading days. The number of Common Shares issuable pursuant to the Financing, if all Warrants are exercised, is 4,000,000 Common Shares for gross proceeds of $2,600,000.
In connection with the Financing, the Company paid eligible finders (the "Finders") fees in Units (the "Finder Units") equal to 6% of the Units issued through each Finder under the Financing and also issued compensation warrants equal to 10% of the total number of Units (the "Compensation Warrants") issued through each Finder under the Financing. Each Finder Unit consists of one Common Share and one Warrant. Each Compensation Warrant entitles the holder to acquire one Common Share of Estrella at $0.60 until November 17, 2012. On closing, the Company issued 118,800 Finder Units and 198,000 Compensation Warrants to the Finders.
The securities issued pursuant to the Financing will all be subject to a four month regulatory hold period from the date of closing. With the closing of this Financing, Estrella has 14,006,845 common shares issued and outstanding.
The net proceeds of the offering will be used for:
drill program of 1,500 metres at Colpayoc property;
property payments; and
working capital and general corporate purposes.
About Estrella Gold Corporation (TSX VENTURE:EST) Estrella Gold is a precious metals exploration and development company focused on strategically-located properties in Latin America. Estrella Gold has seven precious metal exploration projects in Perú and one in Chile. The Company is focused on expanding its gold resource inventory, and making new gold discoveries. The Company has 14 million shares issued and outstanding on the TSX Venture Exchange (TSX VENTURE:EST). Further information is available at Estrella Gold's website: www.estrellagold.com.
STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATING TO THE COMPANY'S FUTURE PLANS AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTIONS AND ARE SUBJECT TO ALL OF THE RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLORATION AND DEVELOPMENT. AS A RESULT, ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING STATEMENTS.
NEITHER 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.
For more information, please contact
Investor Contact: Estrella Gold Corporation
Keith Laskowski, MSc.
President
Direct Tel: (800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
klaskowski@estrellagold.com
www.estrellagold.com
or
For First Canadian Capital
Dan Boase
Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
www.firstcanadiancapital.com
Click here to see all recent news from this company
______________________________________________________________
First news or information in some time.
NEWS TODAY:
Estrella Gold Reports on Pampa Poroma Iron Oxide-Copper-Gold Project, Southern Peru
TORONTO, ONTARIO--(Marketwire - Oct. 13, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to provide an update on its Pampa Poroma iron oxide-copper-gold ("IOCG") project, located 22 km south of Nazca, Peru, in the Department of Ica.
Initial evaluation has confirmed that the property is located along trend from the Marcona IOCG district, and the property contains favourable alteration including, concentrations of iron oxides, copper and gold mineralization that warrants further exploration. The Pampa Poroma property is approximately 20 km northeast from the Marcona-Mina Justa iron oxide-copper-gold district (Chen, et al. 2010) and contains 900 hectares of mineral claims. Company geologists recently completed initial map compilation, reconnaissance mapping and rock sampling on the property. Estrella owns a 100% interest in the claims subject to the Mining Law of Peru.
The Pampa Poroma property is almost entirely covered by valley filling gravel and contains very small areas of bedrock exposure. The underlying geology is interpreted to be mostly andesitic volcanic rocks of the Copara Formation, containing at least three different types of structurally controlled intrusive rocks, including two types of diorite and porphyritic andesite related to the Coastal Batholith of southern Peru, and a coarsely porphyritic alkalic intrusive, composed primarily of potassium feldspar phenocrysts (60%) with an altered felsic matrix, similar to ocoite. The gravel-filled valley extends from the southern edge of the property, north for more than 15 kilometers and is approximately 4 - 6 kilometers wide (E-W). Two elliptical hills are present in the valley surrounded by gravel. Rocks exposed in the valley walls contain variably sericitic, bleached and iron-oxide stained alteration. Similar alteration is found on the southern side of the property, exposed in valley walls up to two kilometers away which contain at least two separate, small underground gold mines. On a regional scale, it appears that the alluvial valley, and some of the mineralized and altered zones are controlled by a major north-northeast trending structural zone, contain both shearing and brittle faults.
Initial work has focused on the two hills of bedrock exposed in the alluvium-filled valley. The western hill rises about 40 meters above the valley floor and is approximately 1 kilometer long (north-south) and 300 meters wide. The bedrock is composed of strongly bleached (clay-sericite), variably stained (hematitic) and highly sheared volcanic rock, indicating that the hill occupies a broad northerly trending structural zone. The altered volcanics have been intruded by numerous irregular andesitic dikes, and contains several areas of prospect pits and small scale mining that was focussed on copper oxides and small quartz veins. The second, smaller hill is located 700 meters southeast, and rises about 5 meters above the valley floor. The eastern hill is approximately 160 meters (north-south) by 80 meters (east-west) and is composed entirely of silicified angular breccia fragments, cemented by silica with local pockets of specular hematite. The silicified breccia has also been intruded by multiple andesitic dikes.
A total of 27 surface rock samples were collected from these two hills. Samples consisted of grab samples and chip channel samples up to 1.5 meters in length. Gold assays ranged from less than detection (less than 0.0025 g/t) to 0.6 g/t. Three samples contained greater than 0.1 g/t gold. Copper assays ranged from less than 0.001% to 3.38%, with two samples greater than 1% copper. Iron analyses ranged from 1.19% - 13.7% reported as total iron Three samples contained greater than 10% iron. It was also noted that the alluvial material in the valley contains an anomalous amount of free magnetite however no systematic sampling has been completed.
The Pampa Poroma property contains strongly altered volcanic rocks with occurrences of copper, gold and iron oxides, consistent with a potential geological environment for the presence of IOCG mineralization. Most of the prospective target areas are covered beneath alluvial gravel. Additional sampling and mapping is planned to evaluate the outcropping alteration zones and geophysical surveys will be planned to evaluate these covered areas for potential mineralization.
Read more: http://www.digitaljournal.com/pr/135431#ixzz12FB2dCm1
NEWS OUT TODAY:
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Estrella Gold Corporation
TSX VENTURE: EST
Sep 16, 2010 09:00 ET
Estrella Stakes Three New Grassroots Gold Exploration Properties in Peru
TORONTO, ONTARIO--(Marketwire - Sept. 16, 2010) - Estrella Gold Corporation (TSX VENTURE:EST) ("Estrella" or the "Company") is pleased to announce the acquisition of three new gold exploration properties and the expansion of two existing gold projects in Peru. Estrella is conducting an integrated gold exploration program which includes prospect generation, property acquisition and project evaluation that may or may not lead to gold resource definition. The Company has acquired three new gold exploration properties that are now in the project evaluation stage. The three properties are now considered early-stage exploration projects ("grassroots stage"). Estrella also has three gold projects that are at the gold resource definition stage, and four evaluation stage projects including the Pucarana project which is held in a Joint Venture with Esperanza Resource Corporation (EPZ.V).
Estrella has identified and acquired three properties based on its proprietary regional exploration database covering much of southern Peru. All work was conducted under the Company's Regional Andean Gold Exploration Program ("RAGE"). The Company has acquired the properties following staking procedures which provide a 100% interest subject to the laws and conditions of the Mining Law of Peru. The properties include the following:
The Sense Property contains 3,500 hectares and is located 20 km south of the Chucapaca gold discovery, which is the newest gold discovery in Peru. Chucapaca was recently announced by the Goldfields-Bueneventura Joint Venture. The Sense property contains regional LANDSAT alteration anomalies, favourable structural/fault zones, and elevated gold concentrations in stream sediment samples reported by regional surveys conducted by the Government of Peru.
The Yanque Property contains 600 hectares and is located adjacent to the Humajala gold occurrence and 20 km west of the Company's Ccello-La Tola Project. The geology of the property is consists mainly of Miocene felsic volcanic rocks containing extensive epithermal alteration mineral assemblages. Estrella conducted significant exploration drilling (+30 holes) at the Humajala gold occurrence previously.
The Isy Property contains 3,100 hectares underlain primarily by Miocene volcanic rocks, containing extensive alteration. The target was identified based on regional analysis of LANDSAT alteration anomalies, structural geology, and regional metallogenic studies.
Estrella has two field teams sampling and mapping these new properties, to evaluate the distribution and composition of the rock-alteration and to determine if significant gold mineralization is present.
"Estrella has been focused on establishing resource-stage properties, to provide a base value for the Company, but generative exploration is the life-blood of Estrella and the mining industry. Identification and acquisition of new targets, and hopefully new discoveries, is the most exciting part of this business" commented Keith Laskowski, Estrella's President.
Estrella has also acquired additional property at its Colpayoc gold project, adding 1,520 hectares of new lands contiguous with its current property package bringing the total to approximately 5,700 hectares located 15 km southwest of the Yanacocha Mine complex in northern Peru. Colpayoc contains two areas of outcropping gold mineralization, including the Daylight porphyry gold system with a NI 43-101 compliant inferred gold resource of 7.6 Mmt @ 0.6 g/t for 144,000 ounces. The Company also acquired an additional 300 hectares of land at its Pampa Poroma Iron-Oxide, Copper, Gold exploration project in southern Peru. This brings the total property package to 900 hectares.
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NOTE This trades under CSRFF.
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FACT SHEET (JULY, 2014):
http://www.estrellagold.com/i/pdf/EST_Corporate_Profile_July2014.pdf
QWIK REPORT:
http://www.estrellagold.com/s/QwikReport.asp
CORPORATE PRESENTATION:
http://www.estrellagold.com/i/pdf/Estrella_Presentation.pdf
NEWS RELEASES:
From the company: http://www.estrellagold.com/s/NewsReleases.asp
iHub: http://ih.advfn.com/p.php?pid=squote&symbol=CSRFF
CONTACTS:
Estrella Gold Corporation
John R. Wilson, President and CEO
(800) 362-2040 or (720) 272-6224
(416) 927-1222 (FAX)
info@estrellagold.com
www.estrellagold.com
or
Investor Contact:
For First Canadian Capital
Dan Boase, Partner
(416) 742-5600 x 232
(416) 742-6410 (FAX)
dboase@firstcanadiancapital.com
Video clips:
http://www.sys-con.com/node/2269149
http://video.ca.msn.com/watch/video/video-interview-with-jason-weber-president-and-ceo-of-estrella-gold-corp/8kyv00jk
CHARTS: (currently StockCharts is not listing CSRFF. Stock also trades as EST.V)
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