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Goldstar Minerals Inc.
Summary
| Project: | Lake George | |
|---|---|---|
| Deposit: | Lake George | |
| Location: | Canada | |
| Commodities: | Gold-Tungsten | |
| Date: | 2/9/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 9-2-2017: Goldstar Minerals Inc. announces an Exploration/Drilling Update report for its Lake George deposit at the Lake George project. Drilling results incl. 4.5m @ 0.63g/t Au from 255.5m. Goldstar Minerals Inc. (“Goldstar” or the “Company”) (TSX-V: GDM | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Benoit Moreau (Internal) | |
| ABSTRACT: | Goldstar Minerals Inc. (“Goldstar” or the “Company”) (TSX-V: GDM) is pleased to announce the reception of gold assay results from its first phase regional drilling program completed last December on its Lake George Property in New Brunswick. The drill program investigated structural targets based on IP, magnetic data and prospecting on a regional scale with the objective of defining new zones of mineralization. Two new gold-bearing structures were identified during the drilling program. In particular, based on new magnetic data acquired last May, combined with two gold-bearing intervals, namely in holes LG-16-02 and LG- 16-05, Goldstar was able to define a new potential gold zone, the Coyote Zone, approximately 200 to 250 metres wide and extending over a distance of at least 4.5 kilometres. A second gold-bearing interval is in hole LG-16-06 which is approximately 500 metres to the southwest of the Coyote Zone. Benoit Moreau, President and CEO of the Company comments: “Our first campaign at Lake George was designed to investigate structural targets and gain valuable understanding as to the potential of kilometric structures and related anomalies. Our prospecting and drilling has identified many previously unidentified structures and we are excited about the prospects around the gold mineralization that was found. These potential zones could provide large scale potential with near surface mineralization. Our next campaign will investigate this potential by trenching the surface expression of these zones in the coming months. | |
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