Goldstar Minerals Inc. announced that it has received additional assay results for 4 diamond drill holes from its first phase drilling program at its Lac Anctil Property, located near the town of Chapais in Northern Québec, Canada. The program consisted of 13 holes totaling 2,703 metres aimed to test new gold occurrences identified at surface, to confirm the presence of the gold mineralization discovered by limited historical drilling (16 holes – 2,256 metres), to gather structural and geological information on the felsic intrusion outlined by historical drilling and to test a potential prominent structural feature, possibly oriented northeast southwest. Gold assays were performed at AGAT Laboratories located in Mississauga, Ontario using fire assay and an AAS finish on 50 g charge samples.

Standards and blanks were inserted every 25 samples. The Corporation will report the assays from the 3 remaining holes (holes AN-21-04, AN-21-11 and AN-21-12 /630.0 metres) once they are received and compiled. Of note, among these remaining holes, two intersected the felsic intrusion.

Of the four holes reported, only hole AN-21-13 intersected the felsic intrusion between 145.6 and 184.8 m. Near and within that interval, results showed that 10 gold assays yielded values over 50 ppb Au (0.05 g/t Au and up to 0.32 g/t Au. Sulfides are usually less than 0.5% and locally up to 2% when hematite and quartz veinlets are present. Mineralization occurs at or near geological contacts between felsic dykes or the intrusion and the host mafic volcanics.

Overall, assay results indicate that the gold bearing mineralization to the east and the south is fading and disappearing. Of note, again, the 3 remaining holes that are assay pending were drilled to the west and may indicate that the mineralization is stronger in that direction.