DGAP-News: Pinestar Gold Inc. Provides Exploration Update on Becker Property in Chile
(firmenpresse) - EquityStory AG-News: Pinestar Gold Inc. / Key word(s): Drilling Result
Pinestar Gold Inc. Provides Exploration Update on Becker Property in
Chile
11.08.2011 / 15:45
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VANCOUVER, BC - Pinestar Gold Inc. (TSXV:PNS) (Frankfurt: 3PI) ('Pinestar'
or the 'Company') is very pleased to have completed its initial 1,700 metre
reconnaissance drilling program on the Guindos section (in the northern
part) of the Becker property, in Chile. As reported in the Company's May
27, 2011 news release, channel sampling on the Guindos vein systems
returned highs of 8.3 g/t gold and 9.1 g/t gold over 2.5 and 6.0 metres
respectively. The vein system at surface varies between 5 and 30 metres
wide and contains individual veins from 1.5 metres to 10 metres in width,
and can be traced over strike lengths of 200 to 600 metres.
The next stage of exploration at the Becker property involves opening up a
small roadway into a forested area, which will allow access to the Lajuelas
section, located in the southern part of the property. The surface
sampling and showings in this area appear to be very attractive, however
this area has not yet been subject to a drilling program.
The road is expected to be completed in the later part of August. The
Company then intends to proceed with a new phase of reconnaissance drilling
on the Lajuelas sector, which the Company anticipates will include up to
4,000 metres of drilling. If the reconnaissance drilling produces positive
results, this phase will be followed up by a definitional drilling phase to
establish the potential of the Becker property.
The Company's CEO, Jeremy Ford, stated: 'We are very encouraged by our
early surface work in the Lajuelas section. We had some delays in getting
onto this part of our property, but are now very much looking forward to
starting to drill what we feel may be the most prospective area on the
Becker Property'.
About Pinestar Gold Inc.
Pinestar Gold Inc. (TSX.V: PNS) is a junior exploration company focused in
Chile. Its principal property is the Becker property, located 250
kilometres south of Santiago and 40 kilometres west of Talca, Chile. The
property consists of first rights over 1,800 hectares and covers several
intermediate to low sulfidation epithermal gold-silver vein systems at
surface.
Qualified Person
Mr. Barry Price, M.Sc., P.Geo, is a qualified person within the meaning of
National Instrument 43-101, and has reviewed the contents of this news
release. Mr. Price is a director of the Company.
For further information please contact:
PINESTAR GOLD INC.
Jeremy Ford
President, Chief Executive Officer, and
Director
Email: pinestargold(at)gmail.com
Tel: +1 (604) 647-4487
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.
FORWARD LOOKING STATEMENTS
This release contains 'forward-looking statements' within the meaning of
applicable Canadian securities legislation. Forward-looking statements
include, but are not limited to, statements that address activities, events
or developments that the Company expects or anticipates will or may occur
in the future, including such things as future exploration activities in
the Lajuelas section of the Becker property, or on the Becker property as
awhole, future business strategy, competitive strengths, goals,
expansion, growth of the Company's businesses, operations, plans and with
respect to exploration results, the timing and success of exploration
activities generally, permitting time lines, government regulation of
exploration and mining operations, environmental risks, title disputes or
claims, limitations on insurance coverage, timing and possible outcome of
any pending litigation and timing and results of future resource estimates
or future economic studies.
Often, but not always, forward-looking statements can be identified by the
use of words such as 'plans', 'planning', 'planned', 'expects' or 'looking
forward', 'does not expect', 'continues', 'scheduled', 'estimates',
'forecasts', 'intends', 'potential', 'anticipates', 'does not anticipate',
or 'belief', or describes a 'goal', or variation of such words and phrases
or state that certain actions, events or results 'may', 'could', 'would',
'might' or 'will' be taken, occur or be achieved.
Forward-looking statements are based on a number of material factors and
assumptions, including the Company's ability to raise sufficient financing
to undertake exploration activities, the results of drilling and
exploration activities, that contracted parties provide goods and/or
services on the agreed timeframes, that equipment necessary for exploration
is available as scheduled and does not incur unforeseen break downs, that
no labour shortages or delays are incurred, that plant and equipment
function as specified, that no unusual geological or technical problems
occur, and that laboratory and other related services are available and
perform as contracted. Forward-looking statements involve known and
unknown risks, future events, conditions, uncertainties and other factors
which may cause the actual results, performance or achievements to be
materially different from any future results, prediction, projection,
forecast, performance or achievements expressed or implied by the
forward-looking statements. Such factors include, among others, the
interpretation and actual results of current exploration activities;
changes in project parameters as plans continue to be refined; future
prices of minerals; failure of equipment or processes to operate as
anticipated; the failure of contracted parties to perform; labour disputes
and other risks of the mining industry; delays in obtaining governmental
approvals or financing or in the completion of exploration, as well as
those other factors disclosed in the company's publicly filed documents.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking statements, there may be other factors that
cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that forward-looking statements will
prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers
should not place undue reliance on forward-looking statements.
End of Corporate News
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