Goldstar Minerals Intersects 0.91% Zn, 0.24% Pb And 6 g/t Ag Over
10 Meters, Uncovering a Potential Broken Hill Type Mineralization
at Julien Project
MONTREAL, QUEBEC--(Marketwired - Apr 23, 2014) - Goldstar
Minerals Inc. (TSX-VENTURE:GDM) (the « Company » or « Goldstar »)
is pleased to announce the results for its Winter 2014 diamond
drilling program for its 100% owned Julien Property, located
approximately 100 km East of the town of Mattagami, Quebec, Canada.
The goal of the Winter 2014 drilling program was to test several
coincident induced polarization (« IP ») and magnetic anomalies
that were previously outlined during Fall of 2013, for precious and
base metals.
A total of 1,337 m of diamond drilling from 8 NQ size holes was
completed by a local contractor, Forages Chibougamau of
Chibougamau, Quebec. These holes targeted an area approximately 3
km2 in size, between an amphibolite, immediately adjoining the
Opatica-Abitibi suture zone, and a diorite intrusion several
kilometres wide to the south. The drilling program was able to
access the north-central portion of the property.
The results show multiple disseminated zinc-lead-silver
intersections with low Cu (copper) and high levels of Mn
(manganese), Ca (calcium), Fe (iron) and P (phosphorus) as shown by
the widespread presence of spessartine, a manganiferous garnet.
This assemblage at the convergence of an intrusive and a rifted
suture zone is potentially similar to the Broken Hill type of
deposit.
As well, one of the drill holes, JU-14-06, intersected 10 meters
of 0.91% Zn, 0.24% Pb, 6.0 g/t Ag and up to 0.03% WO3 within an
oxidized metasedimentary quartzo-feldspathic sequence (wacke) in a
new, possibly rift-related structure. Relatively higher Zn to Pb
ratio suggests that this may represent a distal mineralization or
an outside envelope to a mineralized system.
Holes JU-14-01 and JU-14-02 intersected several thin (25 metres
wide) banded iron formations (BIF). These BIFs are mainly
constituted of pyrrhotite as the dominant Fe sulphide, magnetite
and coarse grained spessartine. The relationship of these BIFs with
the mineralized intersections is not clear and will require further
exploration.
The average overburden thickness is roughly 4.5 metres vertical
and highlights the possibility of using soil geochemical
prospecting in further exploration as an efficient tool to pinpoint
additional mineralized zones.
The best intersections from the 2014 diamond drilling campaign
on the Julien Property are as follows:
TABLE 1 2014 DIAMOND DRILLING PROGRAM |
JULIEN PROJECT, EAST OF MATTAGAMI AREA |
TECHNICAL PARAMETERS |
COMPOSITE ASSAY RESULTS WITH INTERVAL VALUES GREATER
THAN 0.25% Zn |
Drill Hole |
|
Length (m) |
|
From (m) |
To (m) |
Length (m) |
Zn (%) |
Pb (%) |
Ag (g/t) |
WO3 (%) |
JU-14-02 |
|
164 |
|
18.50 |
20.50 |
2.00 |
1.13 |
0.05 |
13.0 |
0.01< |
And |
37.78 |
41.48 |
3.70 |
0.37 |
0.08 |
5.6 |
0.06 |
And |
125.85 |
127.85 |
2.00 |
0.37 |
0.19 |
7.0 |
0.01< |
And |
161.85 |
162.85 |
1.00 |
0.27 |
0.14 |
3.0 |
0.01< |
JU-14-05 |
|
219 |
|
162.52 |
163.52 |
1.00 |
1.24 |
0.54 |
8.0 |
0.01< |
JU-14-06 |
|
141 |
|
24.75 |
34.75 |
10.00 |
0.91 |
0.24 |
6.0 |
0.01< |
JU-14-07 |
|
150 |
|
141.90 |
142.90 |
1.00 |
0.28 |
0.14 |
2.0 |
0.01< |
True widths of the reported core intersections are not known,
but are estimated to be 70% of these intervals.
Benoit Moreau, President and Chief Executive Officer of Goldstar
Minerals, stated: "In addition to the information gathered about
the new zinc-lead-silver intersections, the drill program on the
Julien property identified potential similarities with a Broken
Hill type of mineralization. These results clearly warrant further
and more detailed exploration."
Second Phase of Exploration on Julien Property
As a result of the structures and mineralization discovered in
the 2014 Winter drill program, the Company is already planning a
second more detailed phase of exploration in the same targeted 3km2
area. This phase, planned for Summer 2014, will, among other
things, focus on specific drill holes such as JU-14-06 and include
detailed geochemical soil sampling and IP surveys in order to
further track and discover underlying vectors for additional
mineralizations, confirming the mineralized trend uncovered by the
assays.
Quality Assurance/Quality Control
The Julien exploration program has been conducted under the
supervision of Mr. Roger Moar, Director of Exploration for Goldstar
and a qualified person as defined by National Instrument 43-101.
Goldstar has implemented and adheres to a strict Quality
Assurance/Quality Control program which includes mineralized
standards and blanks for each batch of samples (averaging 1 for
every 25). A total of 306 samples of length varying from 0.40 to
2.00 meters were sent for assays from drill core sawed in half with
one half sent to la Table Jamésienne de Concertation Minière, an
independent preparation facility in Chibougamau, Quebec certified
for preparation and the other half retained for future reference.
Pulps were sent to ALS Chemex, an independent laboratory, of Val
D'Or, Quebec certified for assay. Samples were assayed for gold by
fire assay with atomic absorption spectroscopy finish and all other
elements used induced coupled plasma atomic emission spectroscopy
(ICP-AES). High grade silver assays were checked using fire assay
with gravimetric finish. Quality control procedures consisted of 3
standards and 1 blank inserted every 100 samples.
Qualified Person
The scientific and technical information in this news release
has been reviewed and approved by Benoit Moreau, Goldstar's
President and CEO, a professional engineer and a qualified person
as defined by National Instrument 43-101.
About Goldstar Minerals Inc.
Goldstar Minerals inc. is focused on developing high-value
tungsten and related metals deposits in leading mining
jurisdictions. The Company is led by a diverse team of explorers,
developers and operators with major company experience and a clear
understanding of the business of mining. The Goldstar Minerals
portfolio includes the Julien zinc-lead-silver-tungsten project,
located East of Mattagami, Quebec, the Brockaby tungsten project
located northeast of Mont-Laurier, Quebec and the Lake George
tungsten project in New Brunswick, all mining friendly
jurisdictions.
For more information about Goldstar Minerals Inc., please visit
: www.goldstarminerals.com
On behalf of the board of directors of Goldstar Minerals
Inc.,
« Benoit Moreau »
Benoit Moreau
President & Chief Executive Officer
FORWARD-LOOKING INFORMATION: This document includes
forward-looking information as well as historical information.
Forward-looking information includes, but is not limited to,
statements with respect to the Company's planned exploration
program for 2014, the continued advancement of the Company's
general business and the Company's development of mineral
exploration projects. When used, in this document, the words «
anticipate », « believe », « estimate », « expect », « intent », «
may », « project », « plan », « should » and similar expressions
may identify forward-looking information. Although Goldstar
Minerals Inc. believes that their expectations reflected in this
forward-looking information are reasonable and are based on the
information currently available to the Company, such statements
involve risks and uncertainties and no assurance can be given that
actual results will be consistent with such forward-looking
information. Important factors that could cause actual results to
differ from this forward-looking information includes the potential
for fluctuations in the marketplace for the sale of minerals, the
inability to implement corporate strategies, the inability to
obtain financing and other risks disclosed in the Company's public
filings made with Canadian Securities Regulators and available
under the Company's profile at www.sedar.com. This forward-looking
information contained in this press release is made as of the date
hereof and the Company does not undertake to update such
information, except as required by securities laws.
Benoit Moreaubmoreau@goldstarminerals.com(514) 591-8058
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