Newsfile Corp
17 Jun 2026, 10:45 UTC · 3h ago
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Canstar Resources has commenced its first diamond drill program at the Mary March project since 2019. — Active drilling is a primary value catalyst for exploration companies as it provides the first direct test of new geological models.
+0.60VMS Mining Corporation provided an additional C$500,000 in exploration capital, bringing total Phase 1 funding to C$2.0 million. — External funding validates the project's potential and provides the necessary liquidity to execute drilling without corporate dilution.
+0.40New geological modeling has identified a previously unrecognized prospective rhyolite on the north limb of the Mary March anticline. — The identification of new targets increases the overall exploration upside and probability of a discovery.
+0.30Continue reading
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The investment from VMS Mining Corporation is non-dilutive to Canstar's corporate share capital. — Non-dilutive funding is a positive for existing shareholders as it protects their equity percentage while advancing the project.
+0.20Which stocks this story touches
The company received additional non-dilutive exploration capital and is commencing its first diamond drill program since 2019 based on a new geological model.
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