Estrella Gold Corporation (CSRFF)

[chmcnfunds]

Latest Estrella drill results as portrayed in the Lima newspaper:

Estrella: Drilling results at Colpayoc project indicates greater gold potencial

Lima, Sep. 22 (ANDINA). Canadian-based Estrella Gold Corporation said drilling results at its Colpayoc gold project, located in the department of Cajamarca, northern Peru, indicates the potential for greater expansion of gold in the area.

The company recently announced drilling results from the five remaining drill holes completed at the Daylight Gold Zone of the Colpayoc gold project.

Keith Laskowski, President and CEO of Estrella, said these results provide the company with the basis for preparing an updated, and expanded resource estimate.

"The results clearly indicate that the gold mineralization extends beyond our current drilling at surface and at depth. Most of our drilling has focused on the oxide gold mineralization, which extends to depth ranging from 50 - 90 meters," he said.

"Our deepest drill hole is about 200 meters, and this type of gold system typically extends to much greater depths indicating the potential for greater expansion of this resource," he added.

Colpayoc is located 12 kilometers southwest of the Yanacocha mine complex in northern Peru and contains 5,774 hectares (57.7 square kilometers) with gold and silver mineralization in three areas.

Estrella has completed a total of 14 core holes (2357.2 meters) at the Colpayoc project since December 2010. Five holes from the Daylight Zone previously reported wide zones of gold mineralization.

The five holes reported here bring the total to 10 core holes including 1556.3 meters of drilling on the Daylight Gold Zone.

The Daylight Gold Zone contains a 400 meter diameter area of gold mineralization exposed at surface. Mineralization occurs within an intrusive body of rock within a porphyry gold system, surrounded by sedimentary rocks.

Drill results recently unveiled exhibit grade variations typical of a gold porphyry system, with individual 1-2 meter wide gold assays plotted and projected to surface from these inclined drill holes.

The results identify mineralization which covers an area that is roughly 250 meters long by 200 meters wide. The higher-grade gold zones trend roughly north-south.

The gold zone remains open for expansion on the east, with all six holes collared in mineralization. The zone also remains open to the north and south along strike, and down dip, for further expansion.

Estrella Gold is a prospect generator focused on gold in Latin America. Its dual strategies focus on generating new prospects/discoveries and increasing the company's inventory of gold resource ounces.

The company has a NI 43-101 compliant inferred gold resource of 144,600 ounces at its Colpayoc project in Peru. It also has seven precious metal exploration projects in Peru and one in Chile, and 23.7 million shares issued and outstanding on the TSX Venture Exchange.

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