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MONTRÉAL, Aug. 15, 2018 (GLOBE NEWSWIRE) -- Goldstar Minerals Inc. (“Goldstar” or the “Corporation”) (TSX-V: GDM) is pleased to announce that its second phase diamond drill program on the Lake George property was completed today with the shipping of all remaining core samples to the laboratory. The Corporation has drilled 12 holes totaling 2,480 metres. The objective of the drilling was to follow up various occurrences of surface mineralization found on the property. Four different targets were identified for testing.
Next steps
With all core samples having been delivered to the laboratory, the Corporation anticipates releasing its first drill results shortly, with additional results to follow in the coming weeks.
Benoit Moreau, President and CEO of Goldstar comments: “The Corporation is very pleased to complete its second phase diamond drilling program and looks forward to receiving assay results.”
In addition to the work at Lake George, Goldstar’s exploration team is presently completing surface prospecting at the Julien (zinc target), Assinica (greenfield target for gold), and Victoria Lake projects (tin target). Systematic prospecting has identified new mineralized outcrops at each of these projects and samples are being sent for analysis. The Julien and Assinica projects are located in Quebec, and the Victoria Lake property is in New Brunswick.
Goldstar is focused on developing deposits that contain gold and technology metals, such as tungsten and tin, in leading mining jurisdictions in Canada.
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 more information, please contact:
Benoit Moreau
President and CEO
514-591-8058
bmoreau@goldstarminerals.com
François Perron
Vice-President of Corporate Development
416-312-4811
fperron@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.