MONTREAL, QUÉBEC--(Marketwired - Jan. 28, 2014) -
NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES
Goldstar Minerals Inc. ("Goldstar" or "the Company") (TSX VENTURE:GDM) issues the following corporate update pertaining to the company.
Drill Program on Québec property
The Company has completed 63 kilometres of detailed Induced Polarization (IP) ground survey from initial airborne anomalies. As a result, it has identified several targets and will proceed with a diamond drill program planned at the beginning of February 2014. The Julien property, which is located 100 km East of Mattagami in the area north of the 49th parallel and accessible all year round, covers nearly 165 claims over an area of approximately 91 km2. The drill program of approximately 1,500 meters will focus on a specific area where several never-tested geophysical conductors are present.
Due diligence completed for New Brunswick property acquisition
As announced on December 24th 2013, the Company entered into a Mineral Option and Sale Agreement with Charles Morrissy with respect to a 46 claim tungsten property covering an area of 9.5 km2 in New Brunswick. The property which is approximately 40 km west of Fredericton and adjacent to the north to the past producing Lake George antimony mine, is close to existing infrastructures and has excellent year-round access. The titles to the property have now been verified and the Company is currently seeking regulatory approvals and expects to close the transaction by mid-February.
The scientific and technical information in this news release has been reviewed and approved by Benoit Moreau, Goldstar Minerals President and CEO, a professional engineer and a qualified person as defined by National Instrument 43-101.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
About Goldstar Minerals Inc.
Goldstar Minerals Inc. is a mineral exploration and development stage company listed on the TSX Venture Exchange under the symbol GDM. Currently, its exploration and development projects are located in Quebec.
On behalf of the Board of Directors of
GOLDSTAR MINERALS INC.
Benoit Moreau, President and Chief Executive Officer
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 statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements, except as required by applicable laws.