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Uranium Star Commences Resource Definition Drill Program on Green Giant Vanadium Project in Madagascar

Posted at 5:11 p.m. on January 1, 2009

Uranium Star Corp. (OTCBB:URST) (FRANKFURT:YE5) (“Uranium Star” or “the Company”)announces it has commenced its first-phase resource definition drill program on it’s 100% owned Green Giant Vanadium Project in Madagascar.

Drill Program Details

The exploration program will consist of approximately 8,000 metres and will be targeted for completion prior to the annual rainy season, which begins in late November and continues through to March. The initiation of this first-phase resource definition drill program signifies that Uranium Star is further advancing its vanadium project.

Two diamond drills have been contracted from Boart Longyear to perform the drilling. The initial focus will be to define significant widths and grades of vanadium mineralization. Based on previous exploration results, the Company has been able to verify that the primary vanadium trend hosts an extensive and continuous mineralized zone with a strike length of approximately 18 kilometres.

The initial drill sites were generated from significant data accumulated from the 31 hole drill program in 2008 and the XRF soil geochemical program, as well as the extensive trenching program, totaling  8,168 metres, that was completed in July of this year.

The trench results indicated that the near-surface mineralization has widths that exceeded the Company’s initial expectations. Significant grades of vanadium mineralization were visible over widths exceeding 150 metres, with a high-grade core having grades in excess of 0.70% V2O5.  The average width of vanadium mineralization is in excess of 60 metres.

Company’s Goal to Drill 35,000 Metres, Targeting Minimum 200 Million Tonne Deposit

This current drill program on the Green Giant Project will represent a significant portion of the estimated 35,000 metres that the Company expects to drill in order to calculate a NI-43-101 compliant resource statement and complete a bankable feasibility study on the Project. The Company’s objective is to define a minimum of 200 million tonnes of mineable vanadium mineralization.

Engineering Group on Way to Madagascar

Uranium Star engaged PEG Mining Consultants Group in the spring of this year. They have been completing additional metallurgical work and an order of magnitude study. The order of magnitude study will provide an initial estimate of all parameters dealing with the deposit, including mining, processing, infrastructure, capital and operating costs. This work will provide additional guidance for the upcoming drill program and a future Preliminary Economic Assessment (PEA).
They will also provide initial assistance to Uranium Star in the socioeconomic, environmental and marketing aspects of the Project. 

Trench Result Highlights 

Uranium Star has recently received the assay results from the completed 55 trenches on the main vanadium trend that extends along an estimated 18-kilometre length of the property. Assay highlights are as follows;

·         0.56% V2O5 over 190 metres, including 0.96% V2O5 over 32 metres for trench TR-09-002

·         0.51% V2O5 over 204 metres, including 0.98% V2O5 over 44 metres for trench TR-09-039

·         0.48% V2O5 over 48 metres for TR-09-044, and 0.0.48% V2O5 over 62 metres for TR-09-050

A complete table of assay results for V2O5 from the 55 trenches completed earlier this year can be found at the end of this press release.

2008 Drill Highlights

The 2008 drill results indicated that the near-surface vanadium grades are enhanced over those from primary mineralization.  The following have been recalculated from previously published drill results with excess internal waste being eliminated from a number of intersections.

Highlights are as follows:

Hole

Depth in Metres

V2O5

 

From

To

Interval

%

TH-08-01

103.6

115.8

12.2

0.39

TH-08-02

42.7

109.7

36.6

0.27

incl.

100.6

109.7

9.1

0.36

TH-08-07

27.4

54.9

27.4

0.23

TH-08-11

33.5

39.6

6.1

0.41

TH-08-11

57.9

76.2

18.3

0.37

TH-08-12

30.6

114.3

83.7

0.37

incl.

45.7

61.0

15.2

0.40

incl.

86.9

109.7

22.9

0.47

TH-08-13

38.5

141.7

103.2

0.32

incl.

76.2

141.7

65.5

0.36

incl.

112.8

141.7

27.4

0.45

TH-08-14

12.2

109.7

97.5

0.35

incl.

76.2

91.4

15.2

0.66

TH-08-24

4.6

82.3

77.7

0.67

incl.

12.2

61.0

45.7

0.91

TH-08-25

18.3

48.8

30.5

0.32

TH-08-25

100.6

103.6

3.0

0.47

TH-08-26

9.1

36.6

27.4

0.41

incl.

18.3

27.4

9.0

0.76

TH-08-26

67.1

73.2

6.1

0.53

TH-08-27

9.1

97.5

88.4

0.30

incl.

18.3

29.0

10.7

0.88

TH-08-27

146.3

153.9

6.0

0.50

TH-08-31

15.2

51.8

36.6

0.38

incl.

36.6

48.8

12.2

0.56

About the Company

Uranium Star Corp. is a rapidly emerging exploration company with assets in Madagascar (Vanadium) and Northern Quebec (Uranium). Its shares are traded on the OTCBB under the symbol URST and on the Frankfurt Exchange under the symbol YE5.  The Company has formally applied to the TSX Venture Exchange for issuer status. 

Bill Nielsen, P.Geo., Director & Vice President of Exploration is responsible for the advancement and execution of the necessary criteria relating to the Green Giant Project in Madagascar and is the qualified person for this report.  Taiga Consultants Ltd. is overseeing Uranium Star’s exploration activities in Madagascar under the direction of Claude Aussant, P.Geol.

For more information on the Green Giant Project and up-to-date pictures from the field, please visit our website at www.uraniumstar.com

Contact:

Brent Nykoliation
Vice President of Business Development

or

Julie Lee Harrs
President & COO

 

Uranium Star Corp.

Toll Free: 800.818.5442 or 416.364.4911

Email: bnykoliation@uraniumstar.com 

WARNING: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.

2009 Trench Assay Results

Trench #

From

To

Length

% V2O5

TR-09-001

0

116

116

0.48

incl.

28

52

24

0.72

incl.

70

90

20

0.77

TR-09-002

54

136

190

0.56

incl

104

136

32

0.96

incl.

154

208

54

0.67

TR-09-003

58

134

192

0.47

incl.

86

152

66

0.8

TR-09-004

84

200

116

0.5

incl.

112

164

52

0.75

TR-09-005

26

62

36

0.23

TR-09-006

28

74

46

0.36

TR-09-007

8

100

92

0.27

TR-09-008

40

106

66

0.40

incl

44

70

26

0.55

TR-09-009

24

84

60

0.25

TR-09-010

106

152

46

0.31

Tr-09-011

0

30

30

0.36

TR-09-012

4

34

30

0.41

TR-09-013

84

140

56

0.25

TR-09-014

-14

32

46

0.38

incl.

-8

4

12

0.68

TR-09-015

52

92

40

0.26

TR-09-016

44

88

44

0.27

incl.

44

50

6

0.58

TR-09-017

134

152

18

0.38

TR-09-018

22

30

8

0.49

and

86

122

36

0.51

TR-09-19

138

204

66

0.46

incl.

158

180

22

0.59

TR-09-020

24

104

80

0.31

TR-09-021

32

57

25

0.36

TR-09-022

26

100

74

0.38

TR-09-023

24

72

48

0.34

TR-09-024

     

NSV

TR-09-025

66

74

8

0.27

TR-09-026

2

138

136

0.21

TR-09-027

6

58

52

0.23

TR-09-028

40

54

14

0.33

and

78

100

22

0.53

TR-09-029

56

94

38

0.36

TR-09-030

74

92

18

0.68

TR-09-031

20

36

16

0.52

TR-09-032

54

100

46

0.46

TR-09-033

18

62

44

0.44

incl.

18

28

10

0.59

Trench #

From

To

Length

% V2O5

TR-09-034

40

86

46

0.44

incl.

54

64

10

0.74

TR-09-035

20

64

44

0.43

TR-09-036

8

52

44

0.47

incl.

26

36

10

0.60

TR-09-037

6

62

56

0.49

incl.

8

28

20

0.70

TR-09-038

64

212

148

0.57

incl.

68

82

14

0.65

incl.

104

118

14

0.99

incl.

148

208

60

0.71

TR-09-039

38

242

204

0.51

incl.

146

190

44

0.98

TR-09-40

8

104

96

0.44

incl.

8

70

62

0.57

TR-09-041

32

162

130

0.56

incl.

68

132

64

0.71

TR-09-042

62

162

100

0.47

incl.

122

160

38

0.61

TR-09-043

98

150

52

0.44

incl.

98

120

22

0.58

TR-09-044

36

84

48

0.48

incl.

62

84

22

0.66

TR-09-045

-50

-22

28

0.40

and

4

50

46

0.31

TR-09-046

     

NSV

TR-09-047

     

NSV

TR-09-048

     

NSV

TR-09-049

28

62

34

0.47

incl.

50

62

12

0.66

TR-09-050

16

78

62

0.48

incl.

60

78

18

0.76

TR-09-051

-28

32

60

0.40

TR-09-052

-4

48

52

0.45

incl.

22

34

12

0.65

TR-09-053

12

54

42

0.35

TR-09-054

46

132

86

0.57

incl.

70

134

64

0.68

and

176

216

40

0.27

TR-09-055

36

80

44

0.44

incl.

48

64

16

0.6

and

0

12

12

0.38

         

NSV = no significant values

   

Average Major intersection 62 meters @ 0.43% V2O5

 

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