UraStar Energy Inc. (TSXV:URS,OTC:OTCM,FRA:3U3) announced it intends to acquire the Blackpoint gold-silver project in Nevada.

The press release is quoted as saying:

Examination of the surface geology shows Blackpoint hosts a silica-sericite (or “low-sulfidation”) epithermal silver-gold system with extensive silica-sericite alteration, high-grade silver bearing veins, stockwork and breccia and scattered gold values.

Click here to read the entire news release.