VANCOUVER, B.C., Sept. 20, 2002 (PRIMEZONE) -- Management of Bright Star Ventures Ltd. (TSX Venture Exchange:BSV) is pleased to announce that road access to the DP Zone is in progress.
The DP Zone is a magnetite deposit that trends NNW over a surface area initially measuring 1.2 km x 500 meters in size, and has been selected to be the first drill target for the 2002 exploration season. A contoured EM Mag map over the target area indicates that the central core of the DP Zone contains greater than 35% magnetite. Disseminated and fracture-controlled pyrite-chalcopyrite mineralization with malachite staining has been sampled over a large area within magnetite-rich hornblende clinopyroxenite. A Pd-Pt-Cu-Au lithogeochemical anomaly measuring 300 m x 200 m in size has been identified at this time, and this anomaly is open to the north, east and south. Over 200 soil and rock samples have shown consistent PGE and Cu occurrences in the targeted areas including a 1-meter bedrock chip sample in this zone assaying 2.08 g/t PGE with 0.17% copper.
A soil survey conducted over this area has delineated two significant NNW trending Pt-Pd-Cu soil geochemistry anomalies. Individual soil sample values within these anomalies contain up to 280 ppb Pt, 195 Pd and up to 4500 ppm Cu over a combined strike length of greater than 2 kilometers. These two well-defined soil anomalies remain open along strike and will be subjected to additional geophysical and geochemical surveys prior to drilling. Drill site preparation will commence within the next 3 to 5 days. The Company is currently tendering a contract for a minimum of 1,000 metres of NQ drilling scheduled to start within the next 10 days.
Financial Advisory Appointment
The Company is pleased to announce the appointment of Roman Friedrich & Company Ltd. ("RFC") as its financial advisor to assist in structuring a joint venture with a major mining company. Mr. Roman Friedrich, principal of RFC, has over twenty years experience advising both junior and major companies in the mining industry. Previously, Mr. Friedrich was a managing director of TD Securities Inc. and past president of Chase Manhattan Bank Canada Ltd. With Mr. Roman Friedrich's assistance, the company has planned presentations for strategic joint venture partners and meetings with eastern retail & institutional brokers. The Company expects to present its exploration opportunity to a selected number of major mining companies over the course of the next 60 days. The agreement with RFC is subject to regulatory approvals.
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.