White Star Resources has earned 100% equity interest in the Nany property in northern Chile after exercising an option to acquire the full interest and has also received 6 month extension to the option on the neighbouring Varas property.
This increases the company’s ground position to more than 500 hectares through the pegging of 8 additional contiguous mining exploitation licences.

The Nany Varas project is located approximately 40 kilometers south of the world renowned Inca de Oro mining district in northern Chile’s Atacama Region.

The Inca de Oro area has been mined extensively for copper, gold and silver and is currently the focus of significant exploration activity targeting copper and vein gold mineralization.

Highlight assays received since December 2011 from diamond drilling at the Nany Varas project include 6.9 meters at 1.47 grams per tonne gold and 7.38 grams per tonne silver from 55.3 meters and 22.03 meters at 2.57 grams per tonne gold and 30.72 grams per tonne silver from 80.6 meters.
As more results come in, White Star continues to advance its understanding of the steeply dipping, structurally controlled quartz vein system hosted in Paleocene andesitic volcanics. Currently, work is focused on improving the understanding of the geology, structure, mineralogical variations and alteration characteristics.

The style of mineralization shows affinities with both low sulphide epithermal gold deposits and mesothermal copper, lead, zinc, gold and silver vein deposits.

The principal vein system comprises at least three stages of veining that includes a phase of massive and brecciated quartz veining, a phase of banded quartz veining and open space infill quartz veining and a phase of millimetric and sub millimetric quartz stockwork veining.

(Sourced from www.proactiveinvestors.com.au)