Goldstar initiates detailed airborne geophysics at its Nemenjiche and Anctil projects in Québec, Canada
October 13 2020 - 8:00AM
Goldstar Minerals Inc. (“
Goldstar” or the
“
Corporation”) (TSX-V: GDM) is pleased to announce
that it has retained the services of Geotech Ltd. to complete
airborne geophysics on its Nemenjiche and Anctil properties in the
Chibougamau area.
The Nemenjiche and Anctil properties are
respectively approximately 15 km east and 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).
Both properties lie on the Caopatina belt.
The airborne campaign is to fly approximately
550 line kilometers over each property for a total of 1,100 line
kilometers. The survey will be helicopter borne VTEM and will
include horizontal magnetic gradiometer. VTEM is a very useful and
high-accuracy technology for mapping lateral and vertical
variations in resistivity. Potential shear-hosted gold targets that
are structurally controlled and marked by magnetic lows can be
successfully identified by the horizontal magnetic gradiometer.
The results of the airborne survey will be
combined with the new data that have been obtained by the
prospecting campaign where several areas with outcrops containing
sulfides have been identified.
David Crevier, CEO states “Our field exploration
combined with the airborne survey data will allow us to optimize
our efforts by combining the structural geological information with
what we know in the field in order to define our next steps. This
is an exciting time for Goldstar.”
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
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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