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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Goldstar Minerals Inc | TSXV:GDM | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.115 | 0.11 | 0.115 | 0 | 01:00:00 |
Potential granodiorite intrusions outlined, targeting an Intrusion-Related Gold System (“IRGS”).
A set of 5 magnetic anomalies were identified that define 5 distinct IRGS targets that may represent the surface expression of potential buried granodiorite intrusions. Among them, three are of higher priority and are described as follows:
As mentioned above, there are two (2) additional potential buried intrusions, namely targets D and E. They are located northwest of Highway 635 and are respectively 1,000 metres by 500 metres and 1,250 metres by 500 metres in size. However, their metasediments and overburden cover is not known.
Next steps
The Corporation will soon prepare drilling sites and mobilize the wood cutting contractor, prior to undertaking the drilling program in the next few days. Access and logistics for drilling are expected to proceed smoothly.
Benoit Moreau, President and CEO of Goldstar comments: “As a result of our previous work, the geological team was able to concentrate the targeting on well constrained IRGS targets. The exploration team and management are therefore extremely excited that the upcoming 2019 drilling program which will allow for a precise testing of these potential buried intrusions. Our goal is to discover gold mineralization associated with these intrusions.”
Disclosure
The technical information contained in this news release has been reviewed and approved by Benoit Moreau, P.Eng., CEO and director of the company. 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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