Goldstar begins initial prospecting at its Nemenjiche property in Québec, Canada
September 16 2020 - 10:04AM
Goldstar Minerals Inc. (“
Goldstar” or the
“
Corporation”)
(TSX-V: GDM) is
pleased to announce that it has begun prospecting work on its
Nemenjiche property in the Chibougamau area.
The Nemenjiche property is located approximately
15 km east of the Nelligan Project, where an inferred resource of
3.2 million ounces of gold, totaling 96,990,000 tonnes averaging
1.02 grams per tonne was announced (NI-43-101 Technical Report and
Initial Estimate for the Nelligan Project, Iamgold Inc., October
2019).
The prospecting campaign will cover a target
area approximately 6 square kilometres, stretching on both sides of
the presumed position of the Druillettes syncline. The team has
been mobilized and has begun executing a systematic grid for
detailed mapping and sampling of outcrops. Samples gathered will be
sent for assays at the end of the five-week campaign.
David Crevier, Chairman and CEO of Goldstar
states “The regional understanding of mineralization controls has
been greatly advanced with the Nelligan discovery and this new
understanding will be applied in our efforts on the Nemenjiche
project. This first part of the campaign which will extend to the
end of the year will guide our efforts in the new year.”
Next steps
The exploration team will also prepare and
design a detailed prospecting program for the Anctil property and
airborne surveys for both the Nemenjiche and Anctil properties.
Corporate presentation
The Corporation’s corporate presentation is
available at the following:
https://www.goldstarminerals.com/documents/en/2020/corporate_presentation.pdf
Disclosure
The technical information contained in this news
release has been reviewed and approved by Benoit Moreau, P.Eng., a
consultant 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:
David CrevierChairmanTelephone:
514-284-3663dcrevier@goldstarminerals.com
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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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