Coltstar Identifies Two 10-Kilometre Long Magnetic Anomalies on Mackenzie Mountains Property

Coltstar Ventures Inc. provided an update on its Mackenzie Mountains exploration program. To date, the Company has completed an airborne magnetic survey and a field program over the entire property. Collectively, these exploration activities delineated numerous magnetic anomalies and identified iron formation at the northwestern and southeastern extremities of the property.

As quoted in the press release:

The Mackenzie Mountains Project is contiguous and adjacent to the Snake River (Crest) iron deposit, the 2nd largest undeveloped iron deposit in the world. The Crest iron deposit has been reported to host a historical resource estimate of 5.6 billion tonnes at 47.2% Fe and a reported “regional resource estimate” of 18.6 billion tonnes (Yukon MIN FILE # 106F 008).

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