Eagle Star Minerals Corp. (CVE:EGE)(PINKSHEETS:ELGSF) said Thursday it has increased its land package in the Canabrava block at its Ruth project in Brazil by 17,509 hectares - 11 claims - in light of its most recent discovery.
The Canabrava block at Ruth now covers 40,678 hectares across 23 claims.
this month, Eagle Star found a mineralized phosphate package of at
least 7 metres in thickness at Canabrava which was still open at depth
and contained grades of up to 12 per cent phosphate.
of the chemical and metallurgical tests should help us to better
understand the commercial value of this discovery prior to proving its
size by way of drilling," stated Dr. Eloi Guimaraes, an in and of
Eagle Star board member and phosphate mineralization expert.
more information we have on the physical attributes of the
mineralization, the better positioned we are to determine how important
elements such as cut off grades, extraction approach and choice of
production method will affect the profitability of a mining operation in
The company also said it has started chemical and
metallurgical tests on selected samples from the mineralized package to
determine the most cost effective process to extract, beneficiate and
produce economic grade of P2O5 from the mineralized package for
The results from the tests will provide further,
vital information concerning the composition and solubility of the
phosphate in the mineralized package with clear implications on
production methods and future costs.
Upon receipt of positive
results, Eagle Star intends to commence a drill program that will enable
it to prove the extent of mineralization in the form of an NI 43-101
resource calculation while further investigating the most attractive
production methods and procedures from an economic standpoint.
decision to add new areas to the Canabrava block was based on positive
evidence collected through fieldwork and additional geological mapping
pointing to continuation of the identified mineralized package beyond
the originally claimed areas. The majority of the newly claimed landmass
is covered by a 1 to 3 meter quaternary coverage suggesting that the
mineralized package was not affected by erosion.
Eagle Star Minerals is focused on the acquisition, exploration and development of agro-mineral properties in Brazil.
Over the past two years, Eagle Star Minerals has strategically grown
its' presence in Brazil and continues to focus on maximizing shareholder
value by acquiring assets located in geological areas known for proven
phosphate mineralization, coupled with good logistics in close proximity