Estrella Gold Corporation (CSRFF)

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Estrella Gold Corporation:Gold Prospect Generation in Peru
Written by Labfit on June 17, 2012.

Overview
Estrella Gold Corporation (TSXV:EST) is a “Prospect Generator” company, focused on finding new bullion resources in Latin America. Exploration is high risk, and Estrella increases a chances for successful growth of a vital new cave with a awaiting era strategy. The Company focuses on creation early theatre discoveries of impending properties and afterwards fast forms corner ventures with comparison mining companies to account modernized scrutiny and development,and tying shareholder dilution. Estrella has 32 properties in Peru (only), with 28 of these properties saved by other companies by vital Joint Venture agreements with 4 apart companies. Estrella has a really tiny marketplace top with 24.1 million shares released and trades with a outrageous portfolio of properties, including one NI 43-101 agreeable flourishing bullion resource.

The Company has a vital scrutiny fondness with Cliffs Natural Resources Exploration Inc. (NYSE:CLF) whereby Cliffs account scrutiny and analysis of twenty-four properties identified and acquired. Estrella Gold Corporation now has 4 remaining properties that are accessible for corner venture. These embody a Colpayoc Gold project, that has a NI 43-101 agreeable unspoken bullion apparatus containing a smallest of 313,000 ounces of oxide bullion (0.3 g/t cut-off), a Cerro Cori porphyry copper-gold project, a Ccello high-sulfidation bullion project, and a Sense epithermal bullion project.

Investment Highlights
32 Gold Exploration Properties in Peru
28 Properties hold in Joint Ventures, 4 remaining properties accessible for Joint Venture
Four remaining properties accessible for Joint Venture: Colpayoc, Ccello Ccello, Cerro Cori and Sense
Gold Resources: +313,000 ounces NI 43-101 agreeable unspoken bullion resource-Colpayoc
Strategic Exploration Alliance with Cliffs Natural Resources for iron oxide – copper-gold
Experienced and successful find group in place
Cliffs -Estrella Alliance

The Cliffs-Estrella Alliance is a corner scrutiny program, where Cliffs provides appropriation and guidance, and Estrella manages and operates a program. The Alliance is focused on a find of iron oxide-copper-gold (IOCG) deposits in a southern Peru IOCG turf that hosts a universe category Marcona Deposit and a circuitously Pampa Poroma project. Cliffs is rarely gifted in a evaluation, growth and operation of ferro-alloy lead mines and an ideal partner for IOCG scrutiny in Peru. Cliffs has an disdainful right to acquire adult to 80 percent seductiveness in any skill that is acquired. Prospective properties that have perceived a smallest investment of US$50,000 in scrutiny expenditures, saved by Cliffs, might be nominated to Cliffs as a “Property of Merit”. Any Property of Merit supposed by Cliffs afterwards becomes a plan for continued scrutiny with Cliffs and Estrella any owning a 50 percent interest.

Cliffs is an industry-leading general mining and healthy resources company, with an assertive module to learn new IOCG deposits in Peru. The agreement provides Estrella and their shareholders with a intensity for poignant rewards. Each Property of Merit that is comparison has a smallest output requirement of US$500,000, within a initial year output requirement of US$750,000. Cliffs is compulsory to possibly allege their tenure to 70 percent by appropriation a smallest of US$4,000,000 including 3,000 meters of drilling within 4 years of selection, or obey a skill behind to Estrella. If Cliffs fails to acquire a 70 percent, a skill will return behind to Estrella (100%) theme to Estrella extenuation a tiny NSR kingship to Cliffs, formed on a volume of expenditures Cliffs has done on a property.

Once Cliffs obtains a 70% interest, they contingency elect possibly to acquire an additional 10 percent seductiveness in a skill or they can sojourn 70 percent owners by arising a remuneration of US$2,000,000 to Estrella. To acquire a additional 10% interest, Cliffs can possibly finish a NI 43-101 agreeable Pre-Feasibility Study or conclude a NI 43-101 agreeable vegetable apparatus guess containing a smallest of 1,000,000, ounces of bullion or bullion equivalent, within 4 years.

Key Properties

Pucarana Gold Project Joint Venture

The Pucarana bullion plan contains 1,889 hectares of land located in a Orcopampa Silver – Gold district of Peru. The skill is located between Buenaventura Mines’ Poracota Mine and Chipmo Mine. Pucarana is 3 kilometers southwest along trend from a Chipmo mine, that constructed some-more than 290,000 ounces of bullion in 2010 from high class subterraneous capillary mining.

Together, Poracota and Chipmo constructed 360,000 ounces of bullion and 131,000 ounces of china in 2010, indicating that a district contains really poignant intensity for additional mineralization. Pucarana contains bullion and china mineralization hosted in quartz capillary zones, and compared with enlightened epithermal alteration zones. The plan is a corner try with Esperanza Resources as user with Estrella holding a 40% interest. Pucarana is located along trend from a stream operations of Buenaventura and might horde extensions of a mineralized structures.

La Estrella Gold-Silver Property

Estrella’s “namesake” La Estrella skill contains 2,500 hectares in a Central Peru polymetallic belt, Department of Huancavelica. This is a segment with a story of china mining dating to a 1500's. The La Estrella skill contains poly-phase bullion and china mineralization. The Project area contains precocious roads and electricity, and is located 30 km north of a Julcani Silver Mine that began operations in 1955. Previous drilling during La Estrella enclosed 5,796 meters of core and RVC in 33 holes. The drilling identified a mineralized area approximately 1,800 meters prolonged and 300 meters far-reaching that stays open along strike and during depth. Drilling has tested usually 200 meters next a surface.

Wide intervals of gold and china mineralization, averaging 133.5 meters, are benefaction in 18 holes. Estrella’s studies have identified a smallest of 35 million tonnes of mineralization that is open during abyss for expansion. Mines Management is now seeking to acquire a 75% seductiveness in a skill by spending a smallest of US$5,000,000 on scrutiny and US$500,000 in payments, and by producing a NI 43-101 agreeable Preliminary Economic Assessment. Estrella’s 25% seductiveness will afterwards be carried to production, with costs paid behind from initial production. A 2,500 scale drilling module is now in swell with formula approaching during a Q3 of this year.

Isy Gold-Silver Property

The Isy Gold-Silver skill contains 3,100 hectares located in a Department of Ayucucho and has been optioned to Lara Exploration. The plan is an early theatre scrutiny skill acquired and is underlain by Miocene volcanic rocks containing endless epithermal alteration. Estrella Gold has finished initial reconnoitering mapping and sampling that has reliable a participation of supernatural bullion values in dual locations, with compared rarely supernatural epithermal-suite metals. The Option Agreement grants Lara a disdainful right to acquire a 100% seductiveness in a skill within 3 years and provides a 1.5% NSR kingship to Estrella. Lara contingency make a following choice payments to Estrella :

On Signing: $ 30,000

On or before year 1 Anniversary Payment: $ 50,000

On or before year 2 Anniversary Payment: $ 75,000

On or before year 3 Anniversary Payment: $100,000

On or before year 3 Anniversary Stock: 50,000 shares of LRA

Lara has a choice to squeeze 50% of a 1.5% kingship for US$3,000,000 within one year of derivation of production. Estrella and Lara might elect to have a initial and second anniversary payments done all or in partial in stock.

Colpayoc Gold Project

The Colpayoc plan contains some-more than 5,400 hectares, located in a Yanacocha Gold District, a largest bullion district in South America. The Colpayoc Gold Property is a apparatus theatre bullion plan with multi-million unit potential. There are 4 areas of bullion mineralization, including a Daylight Gold Zone that has a NI 43-101 agreeable unspoken bullion apparatus containing a smallest of 19.8 Mt during 0.5 g/t with 313,000 ounces of gold. The apparatus is roughly wholly oxidized and a bullion section is open in all directions during a abyss for and there are 3 other targets to be explored on a property. The finish NI 43-101 news is accessible during www.estrellagold.com.

Summary
Estrella Gold Corporation is a “Prospect Generator” on with a vital business indication that is designed to strengthen shareholder value, by attracting partners to account scrutiny of a skill portfolio. Estrella is receiving appropriation and payments, that concede it to keep a series of shares really low, while augmenting a value of a vegetable portfolio. As scrutiny advances, payments to Estrella should increase, and a Company will continue exploring for new discoveries.

Management
Keith A. Laskowski, MSc., President, CEO Director
Mr. Laskowski binds an MSc in Geology from a Colorado School of Mines and has some-more than 30 years of knowledge in changed and bottom metals exploration, uranium scrutiny and cave geology. He has served as President of Estrella Gold Corporation given 2009, and is a “Qualified Person” as tangible in National Instrument 43-101 of a Canadian Securities Administrators. Over a past 12 years Mr. Laskowski has fabricated and destined successful private and publicly listed scrutiny companies located in Peru, Mongolia, Haiti, Mali, a United States and Canada, and has led a merger of some-more than 75 gold, uranium and copper scrutiny properties.

Gregory R. Harris, L.L.B., Chairman Director
Mr. Harris is a counsel and has been a member of a Law Society of Alberta given 1979 and formerly a member of a Law Society of British Columbia in 1972. Mr. Harris perceived his B.A. in 1971 and his L.L.B. in 1972 from a University of Alberta. His authorised use is singular to bonds law. He is a executive of Poplar Creek Resources Inc., a TSX Venture Exchange listed oil and gas association and Antioquia Gold Inc., a TSX Venture Exchange listed vegetable scrutiny company.

Donald R. Taylor, M. Sc., Director
Mr. Taylor is Vice President of Exploration for Wildcat Silver Corporation. He is a seasoned scrutiny and mining geologist with over 30 years of general knowledge in North and South America, China, Africa, Australia and Ireland. He spent 10 years with BHP Minerals in comparison government positions from 1989 to 1999. Most recently Mr. Taylor was Exploration Manager and Vice President of Exploration for The Doe Run Company from 1999 to 2010. Mr. Taylor binds a Master’s of Science grade from a University of Missouri-Rolla and is a Registered Professional Geologist, Fellow of a Society of Economic Geologists and member of a Society of Mining Engineers.

Fernando Pickmann, Director
Mr. Pickmann is a practicing lawyer, formed in Lima, Peru and brings some-more than 15 years of blurb and mining law knowledge to a Company. Mr. Pickmann perceived his Professional Degree in Law from a University of Lima in 1994 and his Masters Degree in Law (L.L.M) specializing in Business Legal Advice from a Law School during a Instituto de Empresa IE in Madrid Spain in 1997. He worked for Centromin Perú S.A., a Pervúvian Government’s administration for a privatization routine from 1997-98 and has used law in private firms given 1998. Currently Mr. Pickmann is a Mining Law clergyman in Lima University and also clergyman of Strategic Alliances in a LLM module of a Lima University.

Mark Brown, B.Comm., C.A., Director
Mr. Brown is boss and executive of Pacific Opportunity Capital Ltd. Headquartered in Vancouver, BC, Pacific Opportunity is a financial consulting and businessman banking organisation active in try collateral markets in North America. Mr. Brown is also an officer and/or executive of a series of companies, including Almaden Minerals, Animas Resources, Avrupa Minerals, Pitchstone Exploration, and Tarsis Resources. Mr. Brown has a B.Comm. from a University of British Columbia and became a Chartered Accountant while with PriceWaterhouseCoopers in 1993.

Winnie Wong, C.A., Chief Financial Officer Corporate Secretary
Ms. Wong is a Vice President of Client Services during Pacific Opportunity Capital Ltd., a organisation a Company has defended to yield financial government and accounting services. Following her graduation from Queen’s University, Ms. Wong worked with Deloitte Touche where she warranted her Chartered Accountant designation. Ms. Wong also acts as a CFO and Corporate Secretary on a series of TSE and TSX Venture Exchange companies.

Tags: CS2000, Gold

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Labfit
Labfit provide automated solutions for pH and EC analysis as well as Carbon Sulfur Analyers, Loss on Ignition systems, TGA, Water and Buffer dispensing solutions and TGA Catch Weight products.
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