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Goldstar Minerals Inc (2)
Symbol GDM
Shares Issued 163,761,979
Close 2020-09-15 C$ 0.02
Recent Sedar Documents

Goldstar Minerals begins prospecting at Nemenjiche

2020-09-16 11:14 ET - News Release

Mr. David Crevier reports

GOLDSTAR BEGINS INITIAL PROSPECTING AT ITS NEMENJICHE PROPERTY IN QUEBEC, CANADA

Goldstar Minerals Inc. has begun prospecting work on its Nemenjiche property in the Chibougamau area.

The Nemenjiche property is located approximately 15 kilometres east of the Nelligan project, where an inferred resource of 3.2 million ounces of gold, totalling 96.99 million tonnes averaging 1.02 grams per tonne, was announced (National Instrument 43-101 technical report and initial estimate for the Nelligan project; Iamgold Inc.; October, 2019).

The prospecting campaign will cover a target area approximately six 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 chief executive officer of Goldstar, stated: "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.

Disclosure

The technical information contained in this news release has been reviewed and approved by Benoit Moreau, PEng, a consultant of the corporation. Mr. Moreau is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects.

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