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Nustar Resources' exploration efforts target copper, palladium and gold, as well as the base metals. Nustar’s current operating base consists of three gold exploration operations: Christmas Lake, Miner Mountain and Cube Gold. Mexico appears to be on the back burner for now.

Nustar Resources Inc.  NTR   (TSXV)

Camacho-La Leona Property, Zacatecas. Option to acquire 200 ha property. Paul A. Cartwright, P.Geo. (B.C.), consulting geophysicist with Pacific Geophysical Limited, Vancouver, B.C., has completed his analyses of the induced polarization survey (IP) maps of the company's Camacho property in Zacatecas state, Mexico. Plans are to drill in November-December, 2001 (BNAmericas.com)

The survey was conducted during 1997 by Quantec Geofisica de Mexico SA de CV on behalf of Cambior Exploration SA de CV. The Camacho-La Leona concessions while not contiguous lie within a km (0.5 mile) of one another with the overall enclosing concession formerly owned by Cambior and the Phelps Dodge Mining Company. Mr. Cartwright has submitted an interpretation plan of the IP results which indicate at least four subparallel quartz vein zones, two of which are 1,400 m (4,600 feet) in length which appear to offshoot from a large, open-ended underlying intrusive porphyry. One of these zones underwent historical gold mining of reportedly one ounce per ton, hand-sorted material which was muled to the railroad line about five km (three miles) away. A mineralized sample of strong to massive sulphide mineralization with some opalline quartz taken by the writer from a dump near what appears to be a production shaft returned the following values: 4,326 parts per million copper, 1,851 ppm lead, 22,021 ppm zinc, 76.8 ppm (2.4 ounces per ton) silver and 0.726 ounces per ton gold. The quartz-vein system occurs within a sedimentary unit which for the most part lies over the underlying intrusive. The intrusive rock unit as exposed in one place near grid line 10+OOS exhibits moderate to strong, blocky fracturing with abundant disseminated malachite (copper carbonate) staining, as well as fracture welds. One sample from the intrusive rock unit returned highly anomalous values as follows: 1,641 ppm copper, 1,896 ppm zinc, 11.8 ppm (0.38 ounces per ton) silver and 56 parts per billion gold. This possibly mineralized underlying intrusive appears subelliptical in shape, of at least one km width and still open. Mr. Cartwright has recognized three geophysical features from the IP map data; they are generally narrow, elongate highly resistive zones which are possibly outlining quartz veins, the largest feature is of high total chargeability which appears to possibly correspond with the underlying (mineralized in at least one place) porphyry and elongate zones of varying width, 50 m to 200 m(160 feet to 650 feet) which exhibits high total chargeability and low resistivity possibly related to massive sulphide zones within the underlying rock units. These latter features have indicated lengths of 700 m (2,300 feet) and still open. The geophysical interpretation just completed reveals many features not evident to the untrained eye and the potential for the discovery of a large mineralized system is indicated.

Press Release 13Mar00

CDNX approval has been received, December 13, 1999 for the acquisition of the Camacho-La Leona polymetallic mineral property located in Mazapil, Zacatecas, Mexico. The agreement calls for a series of cash payments and 5% net smelter return (NSR). The first payment has been made by the Company which keeps the agreement in good standing until June 14, 2000. The property of 423 acres covers numerous surface entries and underground workings of limited depth which reflect considerable past exploration and historical gold production of unknown size. The Camacho concession underwent an induced polarization (IP) survey commissioned by Cambior Exploration SA de CV of Hermosillo, Mexico during 1997. The IP survey confirms surface rock exposures of an altered overlying sedimentary rock package of a least 500 feet depth which hosted the near vertical gold bearing veins and which are intruded by a copper-zinc-lead bearing granodiorite - quartz monzonite porphyry. Values from the Camacho concession range up to 0.726 oz/t (22 gm/t) gold; 7.72 oz/t (240 gm/t) silver, 3.68% lead, 2.2% zinc and 0.43% copper. The Company's independent consulting geologist, James J. McDougall of J.J. McDougall & Associates of Richmond, B.C recommends in his June 14, 1999 report, a two phase exploratory diamond core drilling program expected to take 4-6 months to complete at an estimated cost of $967,000.00.

Company has contracted Mr. Paul A. Cartwright, P.Geo. (B.C.), consulting geophysicist with Pacific Geophysical Limited
(Vancouver, B.C.) to examine the induced polarization survey (IP) maps of the Camacho property in Zacatecas State, Mexico which is currently under option to Nustar Resources Inc. Cambior's prior IP survey was conducted during 1997 by Quantec Geofisica de Mexico SA de CV . Mr. Cartwright has informed the Company that the IP results indicate some features which are outlined as follows: first a number of long narrow (vertical) zones of high resistivity corresponding with known historical gold-bearing quartz veins which currently offer expression through surface entries mainly as shafts and pits and gold-bearing material on the adjacent waste dumps, the second is a larger zone of high total chargeability which is seen to include a rock exposure of copper-zinc mineralized intrusive porphyry and third the zone of high total chargeability is seen to contain narrower, elongate mineralization within a porphyry setting. These features may indicate the presence of a larger mineralized system. The Company is awaiting Mr. Cartwright's formal interpretation (see 13Mar00 Press release) and only wishes to mention the dialogue in light of the current market activity in the Company's shares

Press Release 16Feb00
Press Release 15Dec99