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File: DSR Press Release - Red Top IP - Dec 29.pdf

   

      Desert Star Resources |717 � 1030 West Georgia Street |Vancouver, British Columbia |Canada| V6E 2Y3|Telephone:  
--->(604) 6285623| 
                                               Facsimile:  (604) 6476613 |www.desertstar.ca 


  TSXV: DSR                                                                                              December 29, 
--->2014 
                                                      
        DESERT STAR IDENTIFIES LARGE IP ANOMALY AT RED TOP
                        PROJECT IN ARIZONA
Vancouver, B.C., December 29, 2014. Desert Star Resources Ltd. (TSX-V: DSR) ("Desert Star" or the
"Company") announces that it has identified a large Induced Polarization ("IP") geophysical anomaly
resulting from a follow-up Volterra-3DIP survey (performed by SJ Geophysics) at its Red Top Project (Figure
1). 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 October 9th and 13th, 2014 which consisted of a Volterra
3D Distributed Diamond Array survey and a Volterra-2D Survey (pole � dipole) (Figure 2). 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 3rd, 2014). The parameters
of the Volterra-3D Survey included a 112-meter distributed diamond array with a line spacing of 300 meters
and a station spacing of 100 meters (line azimuth 090�) (Figures 2 and 3). The Volterra-2D line with an active
array 350 meters in length, has an azimuth of 330� and a station spacing of 50 meters.

The surveys defined a coincident chargeability high (12 to 45 msec) and resistivity low (<10 to 800 ohm-
m) anomaly within the Red Top Project claim block. The geophysical target features are present from surface
to ~600m depth (open at depth) and maintains a consistent size of ~ 2200m x 775m from surface to greater
than 500 meters 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 km from the town of Superior, Pinal County, Arizona, and is road-accessible year-round (Figure 1). The
Red Top project is situated 8 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 (Figure 1).
Desert Star has optioned the Red Top Project from Eurasian Minerals Inc.  (TSX-V: EMX; NYSE MKT:
EMXX) and pursuant to the option agreement, Desert Star may earn a 100% interest in the Red Top Project,
subject to granting to EMX a royalty equal to 2.5% of net smelter returns (of which Desert Star may purchase
0.5% of the royalty for $2.5 million). Please refer to the Company's website at www.desertstar.ca for more
   Desert Star Resources                                               


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.




      Figure 1. Location of the Red Top project.

Qualified Person

Daniel MacNeil, PGeo, Vice President Exploration, Desert Star Resources and Syd Visser, P.Geo, President
and CEO, 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.

About Desert Star

Desert Star is a Vancouver-based mineral exploration company focused on the identification, acquisition and
development of copper and gold projects located in top-tier mineral belts in the southwestern United States
that contain significant historical production, existing mining infrastructure and an established mining
culture.

Vince Sorace
President and CEO, Desert Star Resources Ltd.

For further information regarding Desert Star, please email info@desertstar.ca or visit our website at
www.desertstar.ca.

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 Desert Star Resources                                             




       Figure 2. Location of the Red Top IP Surveys.




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 Desert Star Resources                                                  




                A    


                B    
        Figure 3. Red Top Volterra Chargeability (3A) and Volterra Resistivity (3B) at -300
        meters depth. .




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      Desert Star Resources                                                            




                                    Cautionary Note Regarding Forward-Looking Statements
    Neither the 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.

This news release contains certain statements that may be deemed "forward-looking statements". Forward-looking stateme
--->nts are
statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans"
--->, "anticipates",
"believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "wil
--->l", "would",
"may", "could" or "should" occur. Although Desert Star believes the expectations expressed in such forward-looking sta
--->tements
are based on reasonable assumptions, such statements are not guarantees of future performance, are subject to risks an
--->d
uncertainties, and actual results or realities may differ materially from those in the forward-looking statements. Suc
--->h material risks
and uncertainties include, but are not limited to, Desert Star's ability to raise sufficient capital to fund its oblig
--->ations under its
property option agreements, to maintain its mineral tenures and concessions in good standing, to explore and develop i
--->ts projects,
to repay its debt and for general working capital purposes; changes in economic conditions or financial markets; the a
--->bility of Desert
Star to obtain the necessary permits and consents required to explore, drill and develop the projects and if obtained,
---> to obtain such
permits and consents in a timely fashion relative to Desert Star's plans and business objectives for the projects; the
---> general ability
of Desert Star to drill test its projects and find mineral resources; if any mineral resources are discovered or acqui
--->red, the Company's
ability to monetize any such mineral resources; and changes in environmental and other laws or regulations that could 
--->have an
impact on the Company's operations. Forward-looking statements are based on the reasonable beliefs, estimates and opin
--->ions of
Desert Star's management on the date the statements are made. Except as required by law, Desert Star undertakes no obl
--->igation to
update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factor
--->s, should
change.

 




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