Goldstar Expands Its Recently Optioned Victoria Lake Tin Property in New Brunswick, Canada

Industrial Metals

Goldstar Minerals Inc. (“Goldstar” or the “Company”) (TSXV:GDM) is pleased to announce that following the Mineral Option and Sale Agreement with Campfire Resources Ltd and Southfield Resources Ltd with respect to the Victoria Lake Tin Property, the Company has proceeded with the staking of 315 additional claims, now totaling 363 claims. These new claims are …

Goldstar Minerals Inc. (“Goldstar” or the “Company”) (TSXV:GDM) is pleased to announce that following the Mineral Option and Sale Agreement with Campfire Resources Ltd and Southfield Resources Ltd with respect to the Victoria Lake Tin Property, the Company has proceeded with the staking of 315 additional claims, now totaling 363 claims. These new claims are 100% owned and represent approximately an additional 7,875 hectares (78.8 km2), thus enlarging the property size to 90.8 km2.
As quoted in the press release:

Based on preliminary compilation work, Goldstar believes that this additional staking encompasses new promising kilometric structures that may be associated to known tin occurrences and detailed exploration is warranted to confirm such a possible link.
The Victoria Lake Tin Property extends East-West over a distance of nearly 20 kilometres from the Mount Pleasant area to the southeast of Victoria Lake. The enlarged property immediately borders to the south the former Mount Pleasant tungsten and molybdenum mine owned by Adex Mining Inc. which has published a National Instrument 43-101 indicated resource of 12.4 million tonnes at 0.38% tin (Sn), 0.86% zinc (Zn) and 64 ppm indium (In). Access to the property remains excellent all year round and close to infrastructure.

Click here for the full text release

The Conversation (0)
×