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    Post ESR - Estrella Resources

    Estrella Resources Limited, (ESR), is an Australian-based, Chilean focused copper-gold exploration company. Estrella has secured rights to four brownfields exploration projects in Chile, namely Agustina, Luna, Inca and Venus.

    Early exploration activities have identified a number of potentially significant exploration targets and the company intends to undertake an aggressive exploration program in 2012.


  2. #2
    Make the drill work for YOU springhill's Avatar
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    Default Re: ESR - Estrella Resources

    Share Price 15c
    Market Cap $13M
    No. Shares 87,101,000
    No. Options 7,205,000
    Cash at bank (May 2012) $6m

    Dr. Jason Berton, Managing Director
    Gavin Solomon, Non-executive Chairman
    Julian Bavin, Non-executive Director
    Simon Kidston, Non-executive Director
    Justin Clyne, Company Secretary

    Option to acquire 100% of Agustina concessions
    Covers 4 mining leases with total area of 21.0km2
    Numerous artisanal copper and gold mines
    “Brownfields project” highly prospective for IOCG Mineralisation hosted in numerous fault breccia structures Agustina hosts several copper, gold and iron ore prospects
    -Some exploited historically on a small scale
    -Visible controls on mineralisation de-risks exploration
    Orion: Multiple artisan mines, High grade Cu with Au credits, Continuous mineralisation in fault breccias
    Centauri: Au workings, grades of 69.25g/t in stockpiles
    Nova: Cu workings, similar faults to Orion, valid mining permit.
    Aurora: Along strike of Cu workings at Naciamento

    Mineralisation from surface on all projects
    -Significant potential to extend at depth (> 1 km)

    Latest announcement from Agustina
     Estrella completes Initial Drilling at Orion prospect
     Visible mineralisation within diamond cores
     Core samples being assayed at La Serena lab
     Exploration commenced on the Centauri prospect

    100% owned by Estrella Located 75 km NNW of La Serena
    Covers area totalling 90 km2 Highly prospective region for high grade copper-gold
    -Mineralised fault structures similar to Agustina
    Southern extension of Agustina project
    Significant artisanal mining across entire tenement
    Significant nearby infrastructure including road access and rail line

    Luna 100% and Inca 91.5% owned by Estrella Total area of 262km2 of which Inca is a 54 km2 subset
    Located ~90km SE of Coquimbo
    Highly prospective region for high grade copper-gold
    Surrounding concession holders include
    -Barrick Gold, Codelco, BHP Billiton and Teck
    Good road access across tenement via Barrick/ Codelco JV road
    Initial sampling results include 5.2% and 5.4% Cu

    Samples from Luna/Inca are worth investigating for future speculative results
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