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Results up to 44.66% Fe2O3 across 39 metres Angico Iron Project, North Eastern Brazil
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January 18, 2011, Vancouver, British Columbia: Eagle Star Minerals Corp., (TSX.v: EGE; FSE:
E6R; OTC PINK: ELGSF) (Eagle star or "the Company") Further to its news release dated June 10, 2010 Eagle Star is pleased to provide an update on the recently completed first stage exploration work program at its Angico Iron project in the State of Piaui, North East Brazil. The following work has been completed to date:
Ground magnetic survey was completed over specific outcrop areas in the Serra do Cavaleiro (Cavaleiro), Serra do (Serra) and Serrinha blocks
Detailed geological mapping with chip and channel sampling across Banded Iron Formation outcrops (BIF) in the Serra do Cavaleiro, Serra do O and Serrinha blocks.
Trenching on the Serra do Cavaleiro (Cavaleiro) block and scout diamond core drilling consisting of 500 metres (7 holes) was performed on the Serrinha and Serra do blocks.
Excellent results were obtained from systematic chip sampling in two trenches on the Cavaleiro Block. Sampling was carried out at 2 (two) metre continuous intervals across (perpendicular) BIF. The results from the two trenches are as follows:
Trench 1: 44.66% Fe2O3 across 39 metres, including 47.27% Fe2O3 across 32 metres
Trench 2: 48.72% Fe2O3 across 22 metres including 51.98% Fe2O3 across 18 metres
Detailed individual assays for the trenches are listed below:
Trench 1
Sample length(m)
Width (m)
Fe2O3%
P2O5%
S%
SiO2%
grade x width
Fe2O3%
0 to 2
2
37.66
0.03
<0.001
58.89
75.32
2 to 4
2
42.12
0.03
<0.001
53.35
84.24
4 to 6
2
42.27
0.02
<0.001
53.20
84.54
6 to 8
2
40.71
0.03
<0.001
54.23
81.42
8 to 10
2
41.99
0.03
<0.001
53.46
83.98
10 to 12
2
43.62
0.04
<0.001
52.65
87.24
12 to 14
2
44.84
0.03
<0.001
51.13
89.68
14 to 16
2
45.90
0.03
<0.001
51.19
91.80
16 to 18
2
47.85
0.02
<0.001
49.37
95.70
18 to 20
2
55.10
0.02
<0.001
41.24
110.20
20 to 22
2
60.61
0.03
<0.001
35.42
121.22
22 to 24
2
55.35
0.03
<0.001
41.42
110.70
24 to 26
2
44.53
0.02
<0.001
52.38
89.06
26 to 28
2
49.62
0.03
<0.001
45.74
99.24
28 to 30
2
51.92
0.04
<0.001
42.78
103.84
30 to 32
2
45.80
0.03
<0.001
47.16
91.60
32 to 34
2
44.10
0.03
<0.001
50.31
88.20
34 to 39
5
30.77
0.03
<0.001
60.78
153.85
2 to 34
32.00
1512.66
47.27
0 to 34
34.00
1587.98
46.71
0 to 39
39.00
1741.83
44.66
Trench 2
Sample length(m)
width
Fe2O3%
P2O5%
S%
SiO2%
grade x width
Fe2O3%
0 to 2
2
51.90
0.05
<0.001
43.73
103.80
2 to 4
2