POLAR STAR CORPORATE UPDATE
08 Ottobre 2010 - 4:17PM
PR Newswire (Canada)
TORONTO, Oct. 8, 2010 /CNW/ -- /NOT FOR DISTRIBUTION TO UNITED
STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES./ TSX-V:
PSR TORONTO, Oct. 8, 2010 /CNW/ - Polar Star Mining Corporation
(TSXV: PSR) ("Polar Star" or the "Company"), at the request of the
Investment Industry Regulatory Organization of Canada ("IIROC"),
announces that it has released all material information in its
possession. The Company continues to drill at its Montezuma project
with three diamond drill rigs and will release material results as
they become available. Hole 38, mentioned in the Company's Press
Release of September 14, 2010, was terminated at 1,087.7 metres,
the maximum capacity of the drill. The hole ended in disseminated
and veinlet pyrite-chalcopyrite mineralization in porphyry style
alteration. Assays are pending. The company is currently drilling
two step out holes, 200 metres west (Hole 42) and 400 metres east
(Hole 43) of Hole 38 which are designed to further test the large
IP anomaly thought to reflect the mineralization cut in Hole 38.
Both of them have now encountered the same style of
pyrite-chalcopyrite mineralization starting at approximately 390
metres and 310 metres, respectively. Hole 43 also cut a near
surface zone of exotic copper minerals, mainly copper wad and
cupriferous limonite from 7 - 54 metres depth. Qualified Person The
drill program is being carried out under the direction of Terence
Walker, M.Sc., P.Geo., a qualified person within the meaning of
National Instrument 43-101. Mr. Walker has reviewed the contents of
this news release. Forward-Looking Statements This press release
may contain forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events.
Actual events or results could differ materially from the Company's
expectations and projections. Investors are cautioned that
forward-looking statements involve risks and uncertainties.
Accordingly, readers should not place undue reliance on
forward-looking statements. When used herein, words such as
"anticipate", "will", "intend" and similar expressions are intended
to identify forward-looking statements. For a more detailed
discussion of such risks and other factors that could cause actual
results to differ materially from those expressed or implied by
such forward-looking statements, refer to Polar Star Mining
Corporation's filings with Canadian securities regulators available
on www.sedar.com or the Company's website at
www.polarstarmining.com. About Polar Star Mining Corporation Polar
Star Mining Corporation (TSXV: PSR) is an emerging exploration
company with a focus on building value in Chile through discovery
and development. Share Capitalization: Shares outstanding:
90,160,435 as at October 8, 2010 The Toronto Stock Exchange Venture
has not reviewed and does not accept responsibility for the
adequacy or accuracy of this release and the information contained
herein. David Speck, Vice President, Polar Star Mining Corporation,
Telephone: (416) 368-3496, Email: info@polarstarmining.com
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