Goldstar begins diamond-drilling on its Lake George Property in New Brunswick, Canada
August 08 2019 - 1:08PM
Goldstar Minerals Inc. (“
Goldstar” or the
“
Corporation”) (TSX-V: GDM) is pleased to announce
that its third phase diamond drill program began with the
mobilization of equipment and personnel on August 7, 2019. The
contractor is currently drilling the first hole and the Corporation
expects to receive its first core very shortly. Goldstar is
searching for the source of numerous gold samples found at surface
during previous exploration.
The Corporation has awarded the drilling
contract to Orbit Garant from Dieppe, New Brunswick. The objective
is to drill 2,500 metres, consisting of 10 to 12 holes. Goldstar is
currently completing the wood cutting for drilling access and site
preparation.
Next steps
Assay results will be reported once they are
received, validated and compiled and the Corporation will monitor
closely the delivery of assays.
Benoit Moreau, President and CEO of Goldstar
comments: “The Corporation is very pleased to finally start this
important drilling program after carefully compiling, modelling and
outlining potential granodiorite intrusions, targeting an
Intrusion-Related Gold System (“IRGS”). These new and intact IRGS
targets have never been tested. Goldstar has assembled a strong and
experienced geological team to oversee all aspects of this drilling
program in order to optimize results for all our shareholders.”
Disclosure
The technical information contained in this news
release has been reviewed and approved by Benoit Moreau, P.Eng.,
CEO and director 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:
Benoit MoreauPresident and Chief Executive
OfficerTelephone: 514-591-8058bmoreau@goldstarminerals.com
François PerronVice-President of Corporate
DevelopmentTelephone: 416-312-4811fperron@goldstarminerals.com
Neither TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
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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