Vancouver, British Columbia, February 7, 2012 - Archean Star (TSXV:ASP) announced multiple gold intersections contained within a 41 metre interval in diamond drill hole TB006 at the company's Turnberry gold prospect at its Gnaweeda Gold Project in Western Australia.
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Gnaweeda hosts several gold prospects on two contiguous tenements over a 28 kilometre strike length of highly prospective rocks in the Archean-age Gnaweeda Greenstone Belt.
The current program is on the southernmost of the three earlier identified higher grade gold zones within the main 2.5 kilometre by 750 metre Turnberry zone. The highest gold grade reported in drill hole TB006 was a 2 metre intersection from 69 to 71 metres that averaged 10.58 grams per tonne gold. A second 3 metre intersection from 107 to 110 metres averaged 6.70 grams per tonne gold.
Drill hole TB006 was collared approximately 50 metres north of Teck Australia's drill hole GNRC009 that recorded a 4 metre intercept at 17.70 grams per tonne gold, including 1 metre at 59.27 grams per tonne.
Archean Star recently reported 3 metres of 8.27 grams per tonne gold from hole TB003, approximately 25 metres south of Teck's GNRC008 drill hole, which had previously reported 5 metres at 13.49 grams per tonne gold, including 1 metre of 20.23 grams per tonne.
Archean Star, through its wholly owned Australian subsidiary, has an option to earn 100% of Teck Australia's interest in Chalice Gold Mines' Gnaweeda Gold Project, subject to a 75% back in right, and expects to complete the earn-in by expending $3 million Australian by the end of the first quarter of 2012.
The approximately 170 square kilometre Gnaweeda Gold Belt is located in the northeast of the highly prolific Murchison Greenstone Gold Belt where historically more than 18 million ounces of gold have reportedly been produced. Another, approximately 7 million ounces of gold resources have reportedly been identified during recent exploration and historical resource evaluations.
The Gnaweeda Gold Belt is substantially unexplored, with diamond drilling conducted on only 2 of its 4 identified gold prospects.
The company believes the property has the potential to host similar size gold deposits to the nearby Meekatharra gold field, that historically produced approximately 3.5 million ounces of gold and has current reported resources of approximately 3.29 million ounces of gold.
Gnaweeda lies approximately 10 kilometres to the south-east of Australian Exchange listed Doray Minerals 329,000 ounce Andy Well prospect.
Back in April 2011, Archean Star was spun off from Kent Exploration Inc, which trades on the TSX Venture Exchange under the symbol KEX. Kent holds approximately 10 million shares or 22% of the outstanding shares of Archean Star.
Archean Star trades at $0.07.
For more information about Archean Star please visit their website www.archeanstar.com,, or contact President & CEO, Graeme O'Neill at 604-684-3394, or by email at go@archeanstar.com.
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