CBC Uranium Standard Resources Ltd.

Central Resources Corp. (TSX VENTURE:CBC) ("Central" or the "Company") is
pleased to announce that it has negotiated an option agreement to acquire 100%
ownership of the TAC claims, located 15 kilometres north of the historic Mt.
Skukum Gold Mine, near Whitehorse, Yukon.


The property comprises 182 contiguous claims (totaling 3,806 hectares) staked in
2009 by private individuals to cover an epithermal gold-silver target that was
explored by Kerr Addison Mines in the 1980's following the discovery of gold
mineralization in the Mt. Skukum area.


Previous work has shown that the TAC gold-silver prospect is characterized by a
large gossanous (iron-oxide stained) quartz-sericite alteration zone measuring
500 by 800 metres, hosted by rhyolite tuffs. Within this area, a 180 metre wide
body of sheared and silicified rhyolite, exposed in a creek drainage, has
returned multiple grab samples consistently running 500 to 1,500 ppb gold. Of
the 317 historic rock samples collected in the area by Kerr Addison in 1985, 152
samples exceeded 30 ppb gold and 18 exceeded 1,000 ppb (1 g/t) gold. The highest
grades correlate with stronger silicification and millimeter scale sulphide
stringers in the rhyolite. Elsewhere on the property, historic samples of quartz
vein-breccia float returned values as high as 8,400 ppb (8.4 g/t) gold and 108
g/t (3.5 opt) silver. The outcrop source of these mineralized samples has yet to
be identified. 


The district is well known for epithermal style gold-silver mineralization
hosted by quartz-carbonate-sericite veins associated with graben faults and
rhyolite dykes related to formation of the Mt. Skukum Volcanic Complex in a
caldera setting. The past producing Mt. Skukum Mine, situated 15 kilometres
south from TAC claims, produced over 77,000 ounces of gold between 1986 and 1988
from a single high grade zone in an underground mining operation. Mineralization
on the TAC claims represents a more disseminated style of low grade gold
mineralization, which may be suitable for bulk tonnage mining (open pit)
techniques, although the potential for high grade vein style mineralization
cannot be discounted. 


Central is highly encouraged by the geological setting of the TAC claims and the
tenor of known mineralization within the district. The Company plans to conduct
an initial exploration program this summer to confirm and expand known
mineralization and define drill targets for subsequent testing. 


Peter Thiersch, M.Sc., P.Geo., the Qualified Person and Vice President of
Corporate Development for Central Resources, has reviewed and approved the
technical disclosure made in this press release, based on information provided
by the vendor.


Option Terms

Central can earn 100% ownership of the TAC property, subject to a 2% Net Smelter
Royalty ("NSR"), by making staged payments to the private owners of 270,000
cash, 1,000,000 common shares of the Company, and a work commitment of $240,000,
over 5 years. Upon TSX-V Exchange approval, an initial payment of $10,000 cash
and 200,000 shares will be made, with a first year work commitment of $40,000.
Central has the right to purchase 1% of the NSR at any time for a cash payment
of $1,000,000. The foregoing is subject to acceptance by the TSX Venture
Exchange.


About Central Resources

Central Resources Corp. is a junior exploration company created to leverage the
extensive knowledge and experience of a dedicated group of financial and
resource industry professionals. The Company has acquired options on several
highly prospective mineral properties in the Yukon and British Columbia and
continues to pursue additional opportunities to build shareholder value.


This news release contains forward-looking information, which involves known and
unknown risks, uncertainties and other factors that may cause actual events to
differ materially from current expectation. Important factors - including the
availability of funds, the results of financing efforts, the results of
exploration activities -- that could cause actual results to differ materially
from the Company's expectations are disclosed in the Company's documents filed
from time to time on SEDAR (see www.sedar.com). Readers are cautioned not to
place undue reliance on these forward-looking statements, which speak only as of
the date of this press release. The company disclaims any intention or
obligation, except to the extent required by law, to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.

Uranium Standard Resources Ltd. (TSXV:CBC)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024

Uranium Standard Resources Ltd. (TSXV:CBC)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024