Gold Star Receives Ministry Confirmation of Priority Status for Coal Applications
June 09 2008 - 8:57AM
Marketwired
VANCOUVER, BC (TSX-V: GXX) is pleased to announce it has
received confirmation of priority status from the Saskatchewan
Ministry of Energy and Resources regarding some of its recent coal
permit applications. Gold Star purchased a 100% interest in a
number of Coal Dispositions located on the east side of the Pasquia
Hills of East-Central Saskatchewan. The Coal Dispositions lie in
close proximity to the recently announced coal discovery by
Goldsource Mines Inc., approximately 50 Kilometers north of Hudson
Bay, Sask.
Goldsource Mines Inc. (see Goldsource News Release May 5th,
2008) announced the results from 47 coal samples submitted from the
Saskatchewan coal intercepts for two core holes representing 26
meters and 32.5 meters respectively of coal seam, including 22.6
meters of continuous coal in each hole. The coal was reportedly
intercepted starting 80 meters below the surface.
The Company is a mineral exploration company based in Vancouver,
British Columbia.
On Behalf of the Board,
"Patrick Morris"
Patrick Morris, President and CEO
Cautionary note: This report contains forward-looking
statements, particularly those regarding cash flow, capital
expenditures and investment plans. Resource estimates, unless
specifically noted, are considered speculative. The company has not
filed a National Instrument 43-101 report on any property, but will
do so as soon as the information is available. Any and all other
resource or reserve estimates are historical in nature, and should
not be relied upon. By their nature, forward-looking statements
involve risk and uncertainties because they relate to events and
depend on factors that will or may occur in the future. Actual
results may vary depending upon exploration activities, industry
production, commodity demand and pricing, currency exchange rates,
and, but not limited to, general economic factors. Cautionary Note
to US investors: The U.S. Securities and Exchange Commission
specifically prohibits the use of certain terms, such as "reserves"
unless such figures are based upon actual production or formation
tests and can be shown to be economically and legally producible
under existing economic and operating conditions.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information, contact Patrick Morris President and
CEO Telephone: (604) 641-4450 Facsimile: (604) 669-9335
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