Tuesday, 22 May 2012

Eagle Star Minerals appoints new board director

Eagle Star Minerals (CVE:EGE), an explorer of agro-mineral properties in Brazil, appointed Dr. José Eloi Guimarães Campos as a new director to the board, on Tuesday.
Dr. Guimarães Campos has over 22 years of experience in the field of estratigraphy, sedimentation and tectonic evolution.
Specifically, his expertise lies in sedimentary, metamorphic and alkaline igneous rock occurrences, as well as sedimentary phosphate deposits and their geological structure within Brazil.
Dr. Campos now serves as the sedimentology, hydrogeology and soil sciences professor at the University of Brasilia, and is a member of the Brazilian Society of Geology (SBG), Regional Advice of Geology (CREA) and the Association of Professors of the University of Brasilia (ADUnB).
"We are extremely excited about our newest addition to the Eagle Star team," said president and CEO of Eagle Star Minerals, Eran Friedlander.
"We believe the expertise, knowledge and contacts that Dr. Guimarães Campos brings to the company are second to none. Furthermore, his decision to come on board lends strong support to the credibility of not only our projects, but our overall strategy moving forward."
Dr. Campos has consulted with many agro-mineral projects throughout different regions of Brazil. He acted as co-advisor to the technical study of the Campos Belos / Itafós Arraias phosphate deposit in Goiás-Tocantins state, now owned and operated by MBAC Fertilizer Corp., which included the in-depth observation of the geological modeling of the deposit.
He also took part in a technical study and discussion of the genesis and controls of the Rocinha phosphate deposit in the Lagamar region of Minas Gerais.
Most recently, he worked in the re-evaluation of the Córrego Rico limestone deposit to cement production, which included regional geology framing, drilling log analysis, and reserves definition, and assisted with geological mapping and mineral deposit characterization for the Brazilian Geological Survey (CPRM).
He obtained his Master's Degree in Geology in 1992, and continued on to complete his Doctorate Degree in 1996, both from the University of Brasilia, FD, Brazil.
"Our team is looking forward to utilizing the phosphate specific knowhow of Dr. Guimarães Campos towards the development of our current projects and we believe that with his regional knowledge of the surrounding geology, more opportunities may also present themselves to Eagle Star," said Friedlander.
The company, which was initially focused on developing its Brazilian Angico iron ore project, said in February it had recognized certain "opportunistic trends" in Brazil over the past year, taking note of a significant lack of sufficient domestic supply of agro-minerals, and as a result, decided to reposition itself to focus on agro-minerals projects in the country.
Earlier this year, Eagle Star acquired the Samba phosphate project located in the western portion of Piaui state in Brazil, and has staked areas with significant potential to host large phosphate deposits.
Under the terms of the recent agreement, Eagle Star can earn a 100 percent interest in the Samba project - which it now considers its flagship property.
The 109,285-hectare Samba property, which consists of 60 mineral claims, is located near the cities of Valenca and Sao Jose do Peixe in Brazil, and near Eagle Star's Ruth phosphate project.
The new asset is also located near potential future end-markets, including the Balsas and Bom Jesus agricultural centres - which are home to a large soy growing industry with production of over 2.3 million tonnes of beans annually - the company said.
The proximity to its own Ruth project is not a coincidence, as preliminary exploration work done at Ruth led Eagle Star's team to investigate other areas with a "similar geological setting", which ultimately led to the discovery and acquisition of Samba.

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