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Polar Star Applies for Extension of NI 43-101 Technical Report Filing TORONTO, May 21, 2009 /CNW/ - Polar Star Mining Corporation ("Polar Star" or the "Company") announced it has applied to the Ontario Securities Commission for an extension of the filing of its National Instrument 43-101 technical report (the "Report") on the Chépica Project. The Company, together with SRK Consulting, has refined the geostatistical parameters of the resource model, which may impact the grade and tonnes first previously reported on April 8, 2009. "We instituted a disciplined procedure to examine the draft SRK Consulting Report and all agreed we needed more time to complete the process," said Doug Willock, President and CEO of Polar Star.
The extension relates to a draft of the Report, which the Company received on April 7, 2009 and reported on April 8, 2009. The Report was received and the press release was issued prior to the election of the new board of the Company on April 20, 2009. Investors should not rely on the information in the previous draft report and mineral resource estimate until the final Report is filed.
The Company will issue a news release when the final Report is filed on SEDAR which is expected to occur on or before June 23, 2009.
Qualified Person
The qualified person within the meaning of National Instrument 43-101 is Mr. Terence Walker, M.Sc., P.Geo. Mr. Walker has reviewed the contents of this news release.
Forward-Looking Statements
This press release may contain forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual events or results could differ materially from the Company's expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. When used herein, words such as "anticipate", "will", "intend" and similar expressions are intended to identify forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Polar Star Mining Corporation's filings with Canadian securities regulators available on www.sedar.com or the Company's website at www.polarstarmining.com.
About Polar Star Mining Corporation
Polar Star was created to acquire advanced stage exploration properties focusing on gold, copper, and uranium. The Company's material assets include 20 projects in Chile, which are 100% owned and cover approximately 146,112 hectares.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts
Douglas Willock
President and CEO
Polar Star Mining Corporation
(416) 368-3496
info@polarstarmining.com |
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November 09, 2009:
Polar Star provides update on Montezuma Property and Early Exercise of Warrants | October 13, 2009:
Polar Star: Talca Gold District exploration update | September 29, 2009:
Polar Star announces granting of options | May 27, 2009:
Polar Star Mining Announces First Quarter 2009 Results and Provides Development Update | May 21, 2009:
Polar Star Applies for Extension of NI 43-101 Technical Report Filing | April 20, 2009:
Polar Star Mining Corporation Elects New Board and Names New President | April 14, 2009:
Polar Star Issues Revised Press Release on Chepica | April 09, 2009:
Polar Star Cuts Significant Widths of Copper Mineralization in First Phase Drilling at Montezuma | April 07, 2009:
Polar Star Board Nominees Recommended by Leading Proxy Advisory Firm | April 07, 2009:
SRK Consulting (Chile) Releases NI 41-101 Technical Report on Chepica | April 03, 2009:
Polar Star Confirms Intended Composition of the Audit Committee | April 01, 2009:
Polar Star Completes Financing | March 06, 2009:
Polar Star Announces That Dissident Douglas Willock Has Rejected Company Compromise | February 27, 2009:
Polar Star Mining Corporation-Drilling Begins at Montezuma | February 23, 2009:
Polar Star Seeks Court Orders to Protect Shareholders from Dissident Abuse | February 19, 2009:
Polar Star Announces Closing of Financing | February 18, 2009:
Douglas Willock provides update to shareholders of Polar Star | February 17, 2009:
Polar Star Announces Date of Annual and Special Meeting of Shareholders | February 10, 2009:
Polar Star Accelerates Montezuma Drilling Program | February 06, 2009:
Polar Star Mining Corporation - Board to continue its orderly process towards shareholder meeting | January 30, 2009:
Management changes at Polar Star - Adam Rochacewich named Interim President | December 15, 2008:
Chépica Option Extension Terminated | November 27, 2008:
BTV-Business Television Features Polar Star Mining & North American Gem Plus Analyst John Embry | November 19, 2008:
Chepica Project Update | October 22, 2008:
3 Meters of 31.67 g/t Gold Plus 0.78% Copper at Chepica Mine | September 24, 2008:
Montezuma and Chepica Mine Update | August 25, 2008:
Polar Star Completes Non-Brokered Private Placement | August 12, 2008:
Polar Star Acquires Additional 5% Equity Interest in Chepica Mine | August 07, 2008:
Polar Star Appoints David G. Speck Vice-President, Corporate Development | July 16, 2008:
Polar Star Issues 250,000 Options | July 12, 2008:
Polar Star Takes on Chile! says Northern Miner Print Edition & Web TV of July 11 | July 08, 2008:
Polar Star: 3.1 Meters of 13.55 g/t Au, 9.8 g/t Ag and 0.58% Cu at Chepica Mine | July 02, 2008:
Polar Star Mining Corporation-25,000 Metre Diamond Drill Contract | June 12, 2008:
Polar Star Announces $5,000,000 Financing | May 20, 2008:
Polar Star Appoints New CFO | May 13, 2008:
Polar Star - 44 Metres of 0.71% Cu at Los Azules | May 12, 2008:
Polar Star Mining Annual Shareholders Meeting May 13, 2008 | April 10, 2008:
Polar Star Receives $975,000 From Warrants Exercised Early | April 09, 2008:
Polar Star Mining Assigns Rights in Todd Creek Property | March 25, 2008:
Polar Star Mining Corporation Terminates Sonia-Puma Option | February 27, 2008:
Polar Star Options Yoanca Property in Chile | January 15, 2008:
Polar Star Mining Corporation - Los Azules Drilling Program |
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