Estrella Gold Corporation (CSRFF)

[chmcnfunds]

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.
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http://finance.yahoo.com/news/Esperanza-Provides-iw-3306486988.html?x=0&.v=1

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