Montréal, Québec – November 8, 2016 – Goldstar Minerals Inc. (“Goldstar” or the “Corporation”) (TSX-V: GDM) is pleased to announce that its first phase diamond drill program began with the mobilization of equipment and personnel on November 7, 2016. The contractor is currently drilling the first hole and the Corporation expects to receive its first core very shortly. Goldstar is focused on developing deposits that contain technology metals such as high-value tungsten, tellurium, antimony, tin and bismuth, in leading mining jurisdictions in Canada.
The Corporation has awarded the drilling contract to Lantech Drilling Services from Dieppe, New Brunswick. The objective is to drill a minimum of 2,000 and up to 3,000 metres, consisting of at least 8 holes. Goldstar is currently completing the wood cutting for drilling access and site preparation.
Next steps
The Corporation expects to
release its first drilling results in December 2016.
Benoit Moreau, President and
CEO of Goldstar comments: “The Corporation is very pleased to finally start
this important drilling program after months of corporate efforts to secure the
needed financing despite harsh market conditions. Detailed field work and
recent data acquisition have yielded very important new information, allowing
the determination of promising targets in areas that have never been tested in
the past. Goldstar has also put up a strong and experienced geological team to oversee
all aspects of this drilling program in order to optimize results for all our
shareholders.”
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 Moreau
President
and Chief Executive Officer
514-591-8058
bmoreau@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 information. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in these statements.