Search
It's kind of amoot point at this junctureThe current distribution rate represents a 16Again though this depends whether Edge will be fit in time for WrestlemaniaIsrael has opposed the idea of a binding UM Siddiqui MD Baltimore MD R Moffitt NGiven the Alliance opportunitykids from LHe is still just that guy on Golden Stateand their were a slough of PBUrsquos last night Anthony Gurley chipped in with 19 as well Jan 8 PRNewswireUSNewswire Preliminary data from theUHowever, in holes 12, 17, 23, 25, 26, 35 and 54two or more veins merge to form composite veins over 20 meters wide. TheChepica No.1 Vein system is open to extension along strike and to depth.The drilling on the Chepica No.2 Vein system also shows multiple veins;however, they are more irregular and widths typically range from 1.5meters to 8 meters true width and can also merge to form composite veinsup to 10 meters width. Plan sections of the No.1 Vein will be posted tothe Polar Star website (). Attached is a map ofthe Chepica No.1 Vein system drill program.The Company is continuing surface exploration of the five other goldand/or copper-gold bearing vein systems on the Chepica Project and 15additional targets on its adjoining wholly owned Corinto and Batucoclaims.The Chepica ProjectPolar Star currently owns a 15 equity interest in the Chepica Projectand has the right to acquire the remaining 85 of the Chepica Mine bymaking cash payments totalling 2.7 billion Chilean Pesos (approximatelyUS$ 4.3 million) by June 20, 2009, pending successful completion of itsfinal due diligence review.This Chepica Project adjoins Polar Star's wholly owned Corinto and Batucoclaims. These claims plus the Chepica Project total 16,640 hectares inthe Pencahue District, Region VII, Chile on which prior exploration byother companies has defined 15 gold and copper-gold zones. 
The ChepicaMine is currently being developed, by its current operator, to achieve aplanned initial production of 200 tonnes per day increasing to over 500tonnes per day by late 2009. Readers are cautioned that a feasibilitystudy has not been completed and there is no certainty the proposedoperations will be economically viable.The Chepica Mine property, located 225 kilometres south of Santiago, nearthe city of Talca, covers the Cerro Chepica copper-gold mining district.It is readily accessible by paved and good gravel road from the city ofTalca 20 kilometres to the east. See Polar Star's news release of April24, 2008 for additional information.NI 43-101 ReportPolar Star has retained the services of SRK Consulting's Santiago office(see October 22, 2008 press release) to prepare a National Instrument43-101 compliant report on the Chepica No.1 Vein system property and tosubsequently develop a mine plan.Qualified PersonMr. Individual core samples were halved usinga diamond core saw, one half bagged and sealed on site for assay theother half retained on site in sealed metallic core boxes for futurereference. All analyses were carried out at ALS Patagonia Laboratories,Coquimbo, Chile. Samples with copper values over 1 were re-analysed using ahydrofluoric-nitric-hypochloric acid digestion, hydrochloric acid leachand AAS finish.About Polar StarPolar Star was created to acquire advanced stage exploration propertiesfocusing on gold, copper-gold, and uranium.
The Corporation's materialassets include 20 projects in Chile, which are 100 owned and coverapproximately 146,112 hectares HudBay Minerals Inc. acquired 3,860,605shares of Polar Star in July 2008 which represents approximately 9.8 ofthe outstanding shares of the Company.Forward-Looking StatementsThe statements made in this news release may contain forward-lookingstatements that may involve a number of risks and uncertainties. Actualevents or results could differ materially from the Company's expectationsand projections. Accordingly, readers should not place undue reliance onforward-looking statements. For a more detailed discussion of such risksand other factors, refer to Polar Star Mining Corporation's filings withCanadian securities regulators available on or theCompany's website at Capitalization:Shares Outstanding: 39,241,098 as at January 8, 2009.Business Television Feature:Polar Star was selected and featured on Business Television in earlyDecember 2008.
If you missed the show, please click on the link below towatch the full-feature Drill ResultsPhase I Drill Results, Chepica Project (See Note 1)Hole From(m)To(m) Interval Au g/t Ag g/t Cu Comments- - - Section 1-CH08-03 0.0 27.027.02.2 13.5 0.10Oxide Zone includes14.0 24.010.05.4 14.0 0.13 includes17.0 20.0 3.012.90 13.0 0.05Foot Wall VeinCH08-0422.0 44.022.01.99.6 0.24 Sulphide Zone- includes34.0 41.0 7.04.9 12.7 0.45 includes34.0 36.0 2.011.89 27.5 0.58Foot Wall VeinSection 1ASulphideZone-CH08-54(i) 32.0 36.0 4.0 2.67 25.0 0.68Foot Wall VeinCH08-55(i) 38.0 43.0 5.0 0.51 19.0 0.51 Center Vein 48.0 50.0 2.0 3.01 28.0 1.66Foot Wall VeinCH08-56(i) 78.0 89.211.2 0.658.0 0.64 Sulphide Zone- Includes85.5 89.2 3.7 1.207.0 0.77Foot Wall VeinSection 1BCH08-57(i) 28.0 36.3 8.3 1.85 15.0 0.51 Sulphide Zone- Includes32.0 36.3 4.3 2.998.0 0.61Foot Wall VeinCH08-58(i) 51.0 52.0 1.0 1.448.0 0.90 Sulphide Zone- 56.0 58.5 2.5 1.18 12.0 1.08Foot Wall VeinSection 2-CH08-01 0.0 33.033.0 2.125.5 0.06Oxide Zone Includes10.0 14.0 4.0 14.55.5 0.07 12.0 14.0 2.0 25.78.5 0.05Foot Wall VeinCH08-0219.0 35.016.01.6 11.6 0.37 Sulphide Zone- Includes28.0 35.0 7.03.7 17.0 0.39 28.0 30.0 2.06.9 39.0 0.36Foot Wall VeinCH08-50(i) 42.0 49.0 7.0 1.42 12.3 0.52 Sulphide Zone- Includes45.0 49.0 4.0 1.83 17.8 0.77Foot Wall VeinCH08-51(i) 61.0 74.013.02.2 11.3 1.27 Sulphide Zone- Includes68.0 72.5 4.5 4.63 19.2 1.60Foot Wall VeinCH08-52(i) 86.0 93.3 7.3 1.38 10.7 0.80 Sulphide Zone- Includes90.0 92.0 2.0 2.44 16.0 0.87Foot Wall VeinCH08-53(i) 69.0 72.0 3.0 0.55 25.3 2.76 Center VeinSection 3-CH08-12 27.048.021.0 3.37 30 0.56 Sulphide Zone- Includes 32.034.0 2.0 0.74 19 1.5937.039.0 2.010.45125 0.14Foot Wall Vein36.047.011.0 4.28 34 0.34CH08-15 38.046.0 8.0 0.378.6 0.35 Sulphide Zone- Includes 39.041.0 2.0 0.19 10.6 0.98 Center Vein54.057.0 3.0 1.58 44 0.59Foot Wall VeinCH08-17 51.096.045.02.1 10.8 0.70 Sulphide Zone- Includes 55.059.0 4.08.0 27.02.4 Center Vein73.090.017.03.08.5 0.8984.089.0 5.06.18.4 1.0784.086.0 2.0 12.8 14.5 1.96Foot Wall VeinSection 4-CH08-05 26.044.018.01.38.3 0.20 Sulphide Zone- Includes 40.043.0 3.06.18.7 0.63Foot Wall VeinCH08-06 36.041.0 5.0 0.227.8 0.63 Sulphide Zone50.060.010.0 0.835.5 0.63 Includes 51.055.0 4.0 1.125.8 0.63Foot Wall VeinCH08-07 Zone faulted out anomalous values Au, Ag Cu Section 5-CH08-09 39.054.015.0 2.233.6 0.14 Sulphide Zone- Includes 47.050.0 3.010.096.7 0.59Foot Wall VeinCH08-10 14.021.0 7.0 0.431.6 0.03Oxide Zone Sulphide Zone,-67.069.0 2.0 3.16 34.0 0.52Foot Wall VeinCH08-13 17.018.0 1.0 1.214.0 0.02Oxide Zone 27.037.010.0 1.02 12.8 0.08Oxide Zone Includes 28.029.0 1.0 1.48 30.0 0.04 Hanging wall veinSection 6-CH08-14 40.054.014.0 2.074.9 0.39 Sulphide Zone- Includes 43.046.0 3.0 2.70 10.7 1.27 Center Vein49.053.0 4.0 4.895.3 0.34Foot Wall VeinCH08-168.015.0 7.0 0.635.9 0.03Oxide Zone Includes 13.015.0 2.0 1.436.5 0.05Sulphide Zone,-56.060.0 4.0 1.12923.0 1.13Foot Wall VeinCH08-18 70.083.013.0 0.419.3 0.46 Sulphide Zone Includes 76.079.0 3.0 0.77 22.3 0.96Foot Wall VeinCH08-20 28.035.8 7.8 2.06 15.4 0.42 Sulphide Zone,-Hanging Wall VeinSection 7-CH08-0854.0 63.0 9.0 1.128.0 0.51 Sulphide Zone- Includes60.0 62.0 2.0 2.45 14.0 0.89Foot Wall VeinSulphide Zone,-CH08-1134.2 35.8 1.6 0.52 30.0 1.70 Hanging Wall Vein 65.0 71.0 6.0 0.699.3 0.39 Includes68.0 69.0 1.0 1.97 17.0 0.35 Center VeinSection 8-CH08-2239.0 51.012.03.39.3 0.44 Sulphide Zone- Includes42.0 50.0 8.0 4.48 11.3 0.59 Includes43.0 45.0 2.0 9.91 13.0 0.63Foot Wall VeinCH08-2387.0119.032.0 2.657.8 0.76 Sulphide Zone- Includes93.0106.013.0 5.888.4 0.45Foot Wall Vein Includes 110.0113.0 3.0 1.27 13.7 3.16 Foot Wall BrecciaSection 9-CH08-2130.0 41.011.0 0.75 11.9 0.53 Sulphide Zone- Includes37.0 40.0 3.0 1.22 11.0 0.80Foot Wall Vein 44.0 46.0 2.0 0.384.0 0.55 Foot Wall BrecciaCH08-2556.0 92.036.0 2.069.0 0.80 Sulphide Zone- Includes59.0 68.0 9.0 2.38 21.0 1.89Foot Wall Vein Includes59.0 64.0 5.0 1.97 30.0 2.62 77.0 92.015.0 2.864.8 0.41 Center Vein Includes77.0 81.0 4.0 5.345.0 0.68110.0122.012.0 1.093.5 0.33 Hanging Wall Vein Includes 111.0114.0 3.0 2.385.3 0.51CH08-27 Zone displaced by faulting CH08-2926.0 39.013.0 0.637.7 0.73 Sulphide Zone- Includes33.0 36.0 3.0 1.08 16.0 1.87Foot Wall VeinCH08-64(i) 90.0 95.0 5.0 0.756.0 0.51 Hanging Wall Vein Includes93.0 95.0 2.0 1.068.0 0.63102.0106.0 4.0 1.657.5 0.67 Center VeinSection 10Sulphide Zone-CH08-2434.7 38.0 3.3 4.29 28.0 1.20Foot Wall Vein 41.0 46.0 5.0 0.63 12.00.8 Foot Wall BrecciaCH08-2661.0 99.038.0 4.327.60.4 Sulphide Zone- Includes61.0 64.0 3.0 1.87 24.0 1.47Foot Wall Vein 73.0 76.0 3.0 2.76 11.3 0.67 Foot Wall Breccia 86.0 98.012.013.32 11.4 0.64 Center Vein 86.0 89.0 3.031.67 16.7 0.7910714538.0 1.288.8 0.52 Includes 109.0113.0 4.0 4.53 16.5 0.80 Hanging Wall Vein142.0145.0 3.0 2.38 14 0.93CH08-28 Zone displaced by faultingCH08-63(i)105.0110.0 5.0 1.48 14.0 0.96 Sulphide Zone- Includes 108.0110.0 2.02.6 14.0 0.71 Center VeinSection 11CH08-32 Zone displaced by faultingCH08-35(i) 76.0 83.0 7.02.5 16.3 0.89 Sulphide Zone- Includes77.0 81.0 4.0 4.38 22.3 1.37Foot Wall Vein 96.0108.012.0 2.445.5 0.36 Includes99.0103.0 4.0 4.534.0 0.31 Center Vein135.0160.025.0 0.378.8 1.89 Includes 141.0 150.0 9.0 0.23 15.2 3.11 Hanging Wall Vein182.0185.0 3.0 0.48 15.7 1.17CH08-61(i) 83.0 89.0 6.0 1.677.0 0.28 Sulphide Zone- Includes87.0 89.0 2.0 2.896.0 0.31Foot Wall VeinCH08-62(i)103.0110.0 7.0 1.45 26.0 2.08 Hanging Wall VeinSection 12CH08-38(i) 70.0 83.013.0 0.363.6 0.20 Sulphide Zone- Includes79.0 83.0 4.0 0.395.5 0.59 Center VeinChepica 2 Vein SystemHole From(m)To(m) Interval Au g/t Ag g/tCuComments Section 1-CH08-47(i) 30.0 39.0 9.0 1.81 30.03.32Sulphide Zone- includes31.0 33.0 2.0 2.22 45.03.97 Foot Wall Vein includes36.0 39.0 3.0 0.86 49.06.40Center VeinCH08-48(i) 39.0 41.0 2.00.3 33.0 1.7Center VeinCH08-49(i) No significant valuesLow sulphidesSection 2-CH08-44(i) No significant valuesLow sulphidesCH08-46(i) No significant valuesVeins faulted outSection 3-CH08-39(i) 46.0 49.0 3.0 0.133.0 0.82Foot Wall VeinCH08-40(i) No significant valuesLow sulphidesSection 4-CH08-42(i) 43.0 44.5 1.50.1645.0 0.80 Center VeinCH08-43(i) 58.0 60.0 2.0 4.964.0 1.17 Center Vein 89.0 92.3 3.3 0.14 18.0 4.88Foot Wall VeinCH08-45(i) 43.1 44.1 1.00.1226.0 0.55 Center VeinSection 5-CH08-30(i) 47.0 53.0 6.01.2 19.0 1.00 Center Vein Hanging WallCH08-31(i) 61.0 62.5 1.5 0.43 18.0 1.63Vein 65.0 66.5 1.5 0.387.0 2.75 Center Vein Hanging WallCH08-37(i) 19.4 22.0 2.6 1.55 22.0 0.05VeinSection 6-CH08-33(i) 51.0 52.5 1.5 0.51 12 0.73 Center VeinCH08-34(i) 64.0 67.5 3.5 0.29 19.0 2.20 Center VeinCH08-36(i) 21.0 26.0 5.0 2.406.4 1.39 Center Vein includes21.0 24.0 3.0 3.038.3 1.69Note 1Drill holes CH08-01 through CH08-32 reported in news release datedOctober 22, 2008. After the terrible showing in Bordeaux on Wednesday night, it was vital Ciro Ferrara failed to get his Juventus team firing again in Sardina. Cagliari came into this game in great form, while Juve were reeling. Ferrara made some very strange tactical choices and his team were out-thought, out-played and overwhelmed by Cagliari who simply worked harder and played better. Another 2-0 loss for a team expected to push Inter to the title.Gianluigi Buffon: 6.5Not really at fault for either goal, and made one or two vital blocks. Was let down in the worst way by the team in front of him, leaving himcruelly exposed on both goals.Martin Caceres: 6.5 One of the only Juve players to emerge with any credit. Was still beaten a couple of times, but at least he put forth the effort, and also put some urgency into a pedestrian Juve attack.
