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ASP Transatlantic Mining Corporation

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Share Name Share Symbol Market Type
Transatlantic Mining Corporation TSXV:ASP TSX Venture Common Stock
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Archean Star Encounters 28 Meters of Mineralization in Hole TB008 at Gnaweeda

23/02/2012 4:24pm

Marketwired Canada


Archean Star Resources Inc. (TSX VENTURE:ASP) ("Archean" or the "Company")
reports that diamond drill hole TB008 at the Turnberry prospect at the Gnaweeda
Gold Project, with a planned depth of 350 meters to test gold mineralization
down dip from hole GNRC008, was extended to, and closed off at, 374 meters
downhole. A strongly mineralized zone of quartz-carbonate veins with sulphide
mineralization consisting of pyrite and trace arsenopyrite and chalcopyrite was
encountered from 327 meters to 355 meters downhole with visible gold present in
quartz veining at approximately 337 meters.


Gold mineralization has now been identified at various depths at the southern
part of the Turnberry prospect from near surface to as deep as 270 meters, along
a strike length of approximately 150 meters. Mineralization is open along strike
and to depth. The 2.5 km long Turnberry prospect contains three distinct highly
prospective gold bearing zones each with a potential length of approximately 500
meters.


Diamond drill hole TB008 encountered the visible gold approximately 200 meters
below a 5 meter intersection of 13.49 g/t gold in GNRC008. TB008 is
approximately 100 meters north of the Company's diamond drill hole TB003, that
encountered 3 meters of 8.27 g/t gold and hole GNRC009 that encountered 4 meters
at 17.77 g/t Au and approximately 50 meters north of TB006 that encountered
multiple gold intersections within an approximately 41 meter interval, with the
highest grade reported being 2 meters at 10.58 g/t gold.


TB008 core has been logged and cut with samples submitted to ALS Chemex
Laboratories in Perth, WA. Assays will be released when received.


Archean Star Resources Inc. is a junior exploration company that, through its
wholly owned subsidiary, Archean Star Resources Australia Pty Ltd, has entered
into an Option Agreement, subject to a 75% back in right, to earn 100% of Teck
Australia Pty Ltd's interest in Chalice Gold Mines Limited's Gnaweeda Gold
Project in West Australia.


This News Release has been prepared on behalf of the Archean Star Resources Inc.
Board of Directors, which accepts full responsibility for its contents. This
news release has been reviewed by Dr. Clay M. Conway, Ph.D., P.Geol. a Qualified
Person as recognized by National Instrument NI-43-101 and a director of the
Company.


ON BEHALF OF THE BOARD

Graeme O'Neill, President

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