Goldstar completes initial prospecting at Nemenjiche and moves team effort to Anctil in Quebec, Canada
October 07 2020 - 08:00AM
Goldstar Minerals Inc. (“
Goldstar” or the
“
Corporation”) (TSX-V: GDM) is pleased to announce
that it has completed prospecting work on its Nemenjiche property
and has moved its team to work on the Anctil property, also in the
Chibougamau area.
The prospecting campaign on Nemenjiche has
covered a target area of approximately 6 square kilometres. The
team has executed a systematic grid for detailed mapping and
sampling of outcrops. Several structures containing sulfide
mineralization have been discovered. Prospecting efforts have
resulted in 130 samples being gathered from the Nemenjiche property
which will be sent for assay.
As the Nemenjiche prospecting is completed, the
team has now been mobilized to Anctil where potential target areas
will be prospected in a systematic fashion.
The Anctil property is located approximately 50
km west of the Nelligan Project, where an inferred resource of 3.2
million ounces of gold (96,990,000 tonnes averaging 1.02 grams Au
per tonne) was announced last October (NI 43-101 Technical Report
and Initial Estimate for the Nelligan Project, Iamgold Inc.,
October 2019).
David Crevier, CEO states, “We are pleased with
the rapid flow of new data that is resulting from this work. Once
the assays results are known we will be in a better position to set
out the next steps as to how to prioritize the multiple prospects
that are being identified.”
Next steps
The exploration team will also prepare and
design a detailed airborne survey for both the Nemenjiche and
Anctil properties.
Corporate presentation
The Corporation’s corporate presentation is
available at the following link:
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
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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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