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Goldstar Minerals secures option on Anctil, Nemenjiche gold projects in Quebec

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Goldstar Minerals secures option on Anctil, Nemenjiche gold projects in Quebec

Goldstar Minerals Inc. secured an option to acquire the early-stage Anctil and Nemenjiche gold properties in Quebec from Les Ressources Tectonic Inc., with closing expected Feb. 15, 2020.

The company can acquire the properties by paying an aggregate C$570,000, spending C$2.2 million on exploration over three years and granting a 2% net smelter royalty, which can be bought back for C$5 million.

Goldstar Minerals also said Dec. 10 that it expanded Anctil to 56 claims covering 31.2 square kilometers and Nemenjiche to 72 claims covering 40.2 square kilometers, through staking.

The company plans to review the data related to the properties and design an exploration program to advance both projects to drilling.