VANCOUVER, B.C., Feb. 14, 2003 (PRIMEZONE) -- Bright Star Ventures Ltd., (the "Company") (TSX Venture Exchange:BSV) is pleased to announce that its representative is currently in Yunnan, Province, China to evaluate a number of gold projects with various Chinese government agencies.
A meeting was held on February 3, 2003 with the Yu-Xi Geology and Mineral Exploration Bureau ("YGMEB") in Yu-Xi City, when a presentation on a behalf of the YGMEB was made by Professor Wang, a senior geologist (member of the British Royal Geology Association), on the exploration rights in three gold bearing properties located in the southern part of the province close to the Laos and Vietnam borders. The YGMEB has obtained encouraging gold assay results through initial surface drilling and is seeking additional funding to pursue an extensive drilling and exploration program. Currently, there are gold mining operations on the subject properties.
The Company expects to receive a geological summary report next week and subject to our evaluation, a trip is planned within the next 30 days to China for a site visit and discussions for a potential Sino-Foreign Joint Venture Agreement.
The Chinese Central government has granted Yunnan Province the autonomy to approve Sino-Foreign Joint Ventures for mineral exploration and mining. This provision of the law has attracted a number of Canadian public companies that have recently been entering into Sino-Foreign Joint Ventures in Yunnan Province for gold and other precious mineral exploration.
The Company at this time is also preparing its 2003 spring drilling program for the DP Zone, a PGE target identified in the company's 2002 field season including an exploration program on the newly acquired crown grants immediately North of the DP Zone. Work will commence as soon as weather conditions have improved.
The Company controls over 85% of the Tulameen Ultramafic Complex in Southern British Columbia, which represents one of the largest Alaskan-type ultramafic complexes in North America, and has excellent potential for hosting an economic deposit with significant platinum group metals.
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.