Montréal, Québec, February 25, 2014 – Goldstar Minerals inc. (TSX-V: GDM) (the “Company” or “Goldstar Minerals”) is pleased to announce that Forages Chibougamau has completed eight (8) holes totaling 1,337 m of diamond drilling on the Company’s Julien polymetallic property, located 100 km East of Mattagami. The current drilling program tested several high-priority conductors that were identified by a previous airborne survey and further defined by a detailed ground IP survey. These targets appear to be associated with the Opatica – Abitibi suture zone.
A total of 306 samples, including standards and blanks, were shipped for preparation to the Table Jamésienne de Concertation Minière (TJCM) of Chibougamau, Québec. Pulps will be sent to ALS Minerals for multi-element assays, including gold, copper and tungsten. The Company expects to receive all results in the week starting March 10, 2014.
The Julien Property comprises 9,100 hectares (91 km2) and is located east of Mattagami, Québec. Access is good all year long with the presence of numerous logging roads that transect the property. The Company has an undivided 100% interest in these claims.
The Company also announces that Mark Trevisiol has resigned from the Board of Directors of Goldstar. Benoit Moreau, Goldstar Minerals’ President and Chief Executive Officer thanked Mark for his contribution to the Company.
The scientific and technical information in this news release has been reviewed and approved by Benoit Moreau, Goldstar Minerals’s President and CEO, a professional engineer and a qualified person as defined by National Instrument 43-101.
About Goldstar Minerals inc.
Goldstar Minerals is focused on developing high-value tungsten and related metals deposits in leading mining jurisdictions. Goldstar Minerals has two other properties: Brockaby, which is also located in Québec and Lake George, which is in New Brunswick, both with excellent access all year round. The Company is led by a talented team with expertise and major company experience in resource exploration and development and a clear understanding of the mining business.
For more information about Goldstar Minerals Inc., please visit: www.goldstarminerals.com.
On behalf of the board of directors of Goldstar Minerals inc.,
President & Chief Executive Officer
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FORWARD LOOKING STATEMENTS: This document may include forward-looking statements as well as historical information. Forward-looking statements include, but are not limited to, statements with respect to the impact of the acquisition on the Company and the Company’s exploration plans with respect to the Property. When used in this document, the words “anticipate”, “believe”, “estimate”, “expect”, “intent”, “may”, “project”, “plan”, “should” and similar expressions may identify forward-looking statements. Although Goldstar Minerals inc. believes that its expectations reflected in these forward looking statements are reasonable, such statements involve risks and uncertainties and no assurance can be given that actual results will be consistent with these forward-looking statement. Important factors that could cause actual results to differ from these forward-looking statements include the potential that fluctuations in the marketplace for the sale of minerals, the inability to implement corporate strategies, the ability to obtain financing and other risks disclosed in our filings made with Canadian Securities Regulators.
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