Gold Star Resources Corp. Featured in National Investment Newsletter
12 May 2009 - 11:30PM
PR Newswire (US)
VANCOUVER, May 12 /PRNewswire-FirstCall/ -- Gold Star Resources
Corp. (OTC Bulletin Board: GXXFF; TSX-V; GXX) announced today that
the Canadian resource exploration company is featured in the
"Low-Priced Stocks" column of the KonLin Letter, May issue,
(http://www.konlin.com/; 631-744-8536), a New York-based investment
newsletter published by KonLin Research & Analysis Corp. The
KonLin Letter is recognized as one of the nation's premier
low-priced stock investment publications. The newsletter
specializes in low-priced stocks under $10 with a specific focus on
emerging growth and special situations poised for substantial
growth and price appreciation. The Vancouver-based junior resource
company is focused on the strategic acquisition and advancement of
highly prospective oil and gas projects in West Africa. The company
is targeting high impact, onshore opportunities in the petroleum
systems through Liberia and Cote d'Ivoire, which have shown
increased promise for development of new hydrocarbon deposits. GXX
also intends to expand into Ghana, which is considered one of the
largest reserves discovered in West Africa in the last 10-25 years.
According to Konrad Kuhn, editor and publisher of The KonLin
Letter, GXX's "stock is trading in the .11 area of purchase, which
has significant upside potential, of the 29,796,000 shares
outstanding approximately 15% held by insiders. GXX is the first
and only junior company to go after onshore oil and gas
opportunities in the region since the late '70s, while the big
players are focusing offshore." In describing GXX's acquisition of
a permit area in Liberia and its second target concession
acquisition onshore Cote d'Ivoire, having signed a Letter of Intent
in March with Bengal Bight Ghana, Kuhn writes: "The exploration
strategy includes securing a portfolio of sections of land along
the West African coast, assessing the reserves, and anticipating
providing something of great interest to one of the majors.
Ultimate target 1.30 - 1.50." GXX was also featured as a "Stock
Pick" in an early May edition of WallStreetCorner.com, an editorial
column regularly read by investors in 84 countries. According to
Larry Oakley, editor & publisher: "I like what GXX is doing,
and the long-term appreciation potential it has," following an
interview with Patrick Morris, president and CEO of GXX. Among the
reasons cited for investors to look into this emerging situation
are a seasoned management team and expert project
partners/consultants working on the ground, including Dr. Martin
Keeley, GXX's lead consulting geologist having 28 years
international experience. DATASOURCE: Gold Star Resources Corp.
CONTACT: Patrick Morris, President & CEO of Gold Star Resources
Corp., +1-604-641-4451, Web Site: http://www.goldstarresources.com/
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