Goldstar completes its diamond drilling program on its Lake George Property in New Brunswick, Canada
18 October 2019 - 12:00AM
Goldstar Minerals Inc. (“
Goldstar” or the
“
Corporation”) (TSX-V: GDM) is pleased to announce
that its third phase diamond drilling program has been completed
with the shipping of all core samples to the laboratory. The
Corporation drilled 10 holes totaling 2,606 metres. The objective
of the drilling was to test at least 4 distinct magnetic anomalies
that could represent buried intrusions associated to potential
Intrusion-Related Gold Systems (‟IRGS”) as well as to determine the
optimal drilling direction for the Arabica tungsten zone.
Drilling highlights are as follows:
- A shallow, altered, mineralized in sulfides and heavily faulted
interval roughly 100 metres wide from the surface in hole
LG-19-05.
- A wide mineralized in sulfides interval with biotite alteration
of more than 100 metres in hole LG-19-06.
- An antimony mineralization consisting of stibnite within a
strongly altered zone at least 6 metres wide and another
mineralized zone at least 100 metres wide, consisting of sulfides,
in hole LG-19-07.
- A continuous mineralized tungsten interval of at least 50
metres was returned in hole LG-19-08. Preliminary observations
suggest that this hole was drilled in the optimal direction.
The Corporation expects to release its first
drilling results in the coming weeks. Benoit Moreau, President and
CEO of Goldstar comments: “The Corporation is very pleased to
complete its third phase diamond drilling program and looks forward
to receiving assay results.”
Goldstar is focused on developing deposits that
contain gold and technology metals, such as tungsten and tin, in
leading mining jurisdictions in Canada.
Disclosure
The technical information contained in this news
release has been reviewed and approved by Benoit Moreau, P.Eng.,
CEO and director of the Corporation. Mr. Moreau is a qualified
person as defined by National Instrument 43-101, Standards of
Disclosure for Mineral Projects.
For further information, please contact:
Benoit MoreauPresident and Chief Executive
OfficerTelephone: 514-591-8058bmoreau@goldstarminerals.com
François PerronVice-President of Corporate
DevelopmentTelephone: 416-312-4811fperron@golstarminerals.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release. This news release may contain
forward-looking statements. These statements are based on current
expectations and assumptions that are subject to risks and
uncertainties. Actual results could differ materially because of
factors discussed in the management discussion and analysis section
of our interim and most recent annual financial statement or other
reports and filings with the TSX Venture Exchange and applicable
Canadian securities regulations. We do not assume any obligation to
update any forward-looking statements, except as required by
applicable laws.
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