Estrella Gold Corporation (CSRFF)

[chmcnfunds]

From Mines Management Inc.:

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La Estrella Exploration Update

On April 10, 2012, following a period of due diligence, the Company announced an Earn-In Agreement on the Estrella gold-silver exploration property located in central Peru. Previous exploration on the property had identified a zone of gold and silver mineralization approximately 1,500 meters long, north to south by 300 meters wide, east to west. Terms of the agreement are described in the press release 12-03 on April 10, 2012.

The Company rapidly mobilized, and by August had completed approximately 2,700 meters of diamond core drilling in eight holes in the southwestern quadrant of the area of mineralization. Seven holes intercepted mineralization exceeding 100 meters in thickness over an additional area approximately 500 meters long, north to south, which extended known mineralization by 300 meters to the west.

Results from drilling and surface exploration activities, including a 3D IP/Resistivity survey, indicate that the mineralized zone remains open to the north, south and west.

Subsequent to year-end 2012, the Company decided to extend exploration activities into a second year. Permit modifications are underway, and the Company is assessing plans for further exploration including 2,300 meters of additional drilling required to fulfill the requirements of the agreement for the second year.
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http://www.marketwatch.com/story/mines-management-inc-announces-2012-financial-results-and-operations-update-2013-04-25

CSRFF