Star Mountain Resources is a precious metals mining company focused on
the initiation, production and expansion of acquired mineral resources in the
Star Mountain Mining District in Beaver County, Utah. The company’s primary
project in the region, the Chopar Mine project, consists of 116 lode-mining
claims and four metalliferous mineral lease sections located within a 2,320
acre area approximately five miles west of Milford, Utah. To date, SMRS’s
exploration efforts have included geological analysis and a limited reverse
circulation and core drilling program.
In January, SMRS took a major step toward making the Chopar project
financially viable by retaining geological research and consulting company Mine
Mappers, LLC. Through this partnership, the company will be able to more
effectively evaluate prior exploration history and prepare a scope of work for
a comprehensive exploration program to thoroughly evaluate the mineral
potential of its holdings. In particular, the district’s high potential for
large concentrations of skarn, which is a type of rock commonly associated with
mineable accumulations of metallic ores, is an encouraging indication for SMRS
moving forward.
“The presence of skarn mineralization in outcrop, in historic mines and
in drill core and chips is encouraging,” Dr. Mark Osterberg, president and
chief operating officer of SMRS, stated in a news release. “The extent of zones
affected by contact metasomatism is potentially large enough to host ore bodies
of size and grade to interest junior and major mining concerns.”
The Star Mountain Mining District, which is dotted with historic mines
dating back to the late 1800s, has a long and storied history within the mining
industry. Despite prior mining efforts, the company believes that the application
of modern exploration tools will reveal additional resources that were
previously unattainable. Leveraging the region’s mild climate and accessibility
to nearby rail lines and roads, SMRS will look to translate this potential into
sustainable returns in the years to come.
SMRS will utilize a discovery-based business model to grow its industry
presence in the future. The company plans to thoroughly explore and initially
develop its leasehold before seeking senior industry partners to assist in the
capital-intensive development and operation phases. Building on this strategy,
SMRS will also continue to seek quality projects that can be evaluated on their
own technical and financial merit.
For prospective investors, the company’s continued exploration of its
Chopar project could provide a strong platform to realize significant returns.
Look for SMRS to continue to explore the geological environments of its
leasehold in the coming months in an effort to determine the presence of
potentially viable copper or gold deposits.
For more information, visit www.starmountainresources.com
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Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
