Estrella Gold Corporation (CSRFF)

[chmcnfunds]

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

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