VANCOUVER, B.C. Sept. 10, 2002 (PRIMEZONE) -- Management of Bright Star Ventures Ltd. (TSX Venture Exchange:BSV) is pleased to announce positive exploration results on the Golden Lode Property whose acquisition was initially announced on June 21, 2002.
The claims are in a well-mineralized area with the past-producing Brenda Mine (Cu-Mo) to the Northeast and the Elk Mine, a high-grade gold-quartz vein deposit, to the Northwest. Past sampling in the subject claims has produced significant gold (up to 1.6 oz/t), silver (up to 4.38 oz/t) and copper (up to 1.69%) values from the magnetite-hematite mineralization with local chalcopyrite. The property lies within the Intermontane Belt in an area dominated by several large granitic intrusions from Triassic to Eocene age and Nicola Group (Triassic) volcanic and sedimentary country rocks.
The current high-grade assay results of prospector grab samples over an extensive area are as follows:
Sample # Au Au Ag Ag Cu
(g/t) (oz/t) (g/t) (oz/t) (%)
2251 1.26 0.37 - - -
2252 4.88 0.142 - - -
2253 5.12 0.149 33.8 0.986 -
2254 0.54 0.016 44.4 1.295 -
2255 0.06 0.002 - - -
2256 0.03 0.001 - - -
2257 43.80 1.277 166.0 4.841 4.38
2258 0.59 0.017 - - -
2259 10.45 0.305 - - -
2260 25.60 0.747 - - -
2261 7.10 0.207 - - -
2262 1.24 0.036 - - -
2263 3.31 0.097 - - -
A geological report by Ronald C. Wells, P. Geo. FGAC Consulting Geologist indicates a good correlation between the gold and silver values within magnetite zones. His review of an existing magnetite high-grade stockpile have indicated high metal values in the magnetite/hematite. Bright Star's results have now confirmed the existence of high-grade gold, silver and copper occurrences. The Company is planning an exploration program to commence shortly.
Due to the rich nature of this property, Bright Star has now acquired an additional 49 units covering the entire prospected area. The additional claims staked are the Star-A, Star-B, MAG-5-17, and the Lode-45-48.
For information on the company call 1-800-884-3864, or visit our website at www.brightstar-ventures.com
On behalf of the Board
"Reg Handford"
President & Director
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.