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Goldstar Minerals Inc.
Summary
| Project: | Lake George | |
|---|---|---|
| Deposit: | Lake George | |
| Location: | Canada | |
| Commodities: | Gold-Tungsten | |
| Date: | 2/12/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-2-2019: Goldstar Minerals Inc. announces an Exploration/Drilling Update report for its Lake George deposit at the Lake George project. Drilling results incl. 21.0m @ 0.10% WO3 from 261.5m. Montréal, Québec – February 12th, 2019 – Goldstar Minerals Inc. | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Benoit Moreau (Internal) | |
| ABSTRACT: | Montréal, Québec – February 12th, 2019 – Goldstar Minerals Inc. (“Goldstar” or the “Corporation”) (TSX-V: GDM) is pleased to announce that it has received assay results from its second phase diamond drilling program at its Lake George Property, located in New Brunswick, Canada. It consisted of 12 holes totaling 2,480 metres aimed to test gold occurrence found at surface (6 holes - 1,100 metres of diamond drilling), the Arabica tungsten zone outlined by trenching in 2017 (3 holes -780 metres of drilling) and gravity anomalies defined in early 2018 as well as strong IP anomalies from the 2016 survey (3 holes - 600 metres). Gold results confirm hydrothermal system carries gold All of the six holes that tested areas where surface gold mineralization had been previously found contained anomalous gold. Overall results showed that 36 gold assays yielded values over 0.1 and up to 0.9 g/t Au, essentially in the metasediments, representing roughly 5% of the total number of samples tested for gold. Despite discovering new mineralized zones that are often strongly altered and brecciated, the gold remained scattered throughout. Benoit Moreau comments “While we were testing for continuity of the mineralization within the surface metasediments, the relative ubiquitous presence of gold among these metasediments suggests that the gold must be carried from alternative sources, possibly by nearby buried intrusions.” Gold assays were performed at Agat Laboratories located in Mississauga, Ontario using fire assay. These are core samples that are not necessarily representative of the mineralization hosted on the property. Standards and blanks were inserted in every 25 samples. | |
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