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or Name
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Desert Star Resources Ltd
Symbol DSR
Shares Issued 29,616,744
Close 2014-12-23 C$ 0.155
Market Cap C$ 4,590,595
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Desert Star identifies IP anomaly at Red Top

2014-12-29 13:20 ET - News Release

Mr. Vince Sorace reports

DESERT STAR IDENTIFIES LARGE IP ANOMALY AT RED TOP PROJECT IN ARIZONA

Desert Star Resources Ltd. has identified a large induced polarization (IP) geophysical anomaly resulting from a follow-up Volterra 3-D IP survey (performed by SJ Geophysics) at its Red Top project. The IP anomaly, together with the lithological, alteration and geochemical data the company previously generated, represents a high-quality porphyry copper drill target for Desert Star. The Red Top project is located in the copper-endowed Superior mining district and contains alteration zonation patterns that are consistent with the top of porphyry copper systems.

Follow-up IP geophysics survey and results at Red Top project

Two IP surveys were completed at Red Top between Oct. 9 and Oct. 13, 2014, which consisted of a Volterra 3-D distributed diamond array survey and a Volterra 2-D survey (pole-dipole). The surveys were completed in order to increase confidence in the location, geometry and intensity of the geophysical anomaly first identified in June, 2014 (see the company's news release dated June 3, 2014). The parameters of the Volterra 3-D survey included a 112-metre distributed diamond array with a line spacing of 300 metres and a station spacing of 100 metres (line azimuth 090 degrees). The Volterra 2-D line, with an active array 350 metres in length, has an azimuth of 330 degrees and a station spacing of 50 metres.

The surveys defined a coincident chargeability-high (12 to 45 milliseconds) and resistivity-low (less than 10 to 800 ohm-metres) anomaly within the Red Top project claim block. The geophysical target features are present from surface to about 600 m depth (open at depth), and maintains a consistent size of about 2,200 m by 775 m from surface to greater than 500 metres depth (and is open at depth). The IP anomaly is characterized by a chargeability/resistivity pattern typical of porphyry systems, and occurs primarily within prospective Pinal schist. The IP anomaly is consistent in size, geometry and position, with a west-southwest-plunging porphyry copper target previously suggested by geologic mapping.

About the Red Top project

The Red Top project consists of 148 unpatented federal lode mining claims covering 1,172 hectares, located 8.5 kilometres from the town of Superior, Pinal county, Arizona, and is road accessible year-round. The Red Top project is situated eight km northwest of the Resolution copper project, a joint venture project owned by Rio Tinto and BHP Billiton, and is one of the world's largest undeveloped copper projects. Desert Star has optioned the Red Top project from Eurasian Minerals Inc., and, pursuant to the option agreement, Desert Star may earn a 100-per-cent interest in the Red Top project, subject to granting to EMX a royalty equal to 2.5 per cent of net smelter returns (of which Desert Star may purchase 0.5 per cent of the royalty for $2.5-million). Please refer to the company's website for more information about the terms of the option agreement. The company cautions that it is not implying that it will obtain the same or similar results at its Red Top project as the Resolution copper project.

Qualified person

Daniel MacNeil, PGeo, vice-president, exploration, Desert Star Resources; and Syd Visser, PGeo, president and chief executive officer, SJ Geophysics Ltd., qualified persons as defined by National Instrument 43-101, have read and approved all technical and scientific information contained in this news release.

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