Exploring Quebec and New Brunswick For High Value and Versatile Tungsten

Transcription

1 Exploring Quebec and New Brunswick For High Value and Versatile Tungsten February 2014 TSX-V : GDM

2 Forward-looking statements Certain information regarding the Company contained herein constitutes forward looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company s control, and that future events and results may vary substantially from what the Company currently foresees. Discussion of the various factors that may affect future results is contained in the Company s Annual Report which is available at The Company s forward-looking statements are expressly qualified in their entirety by this cautionary statement. NI Qualified Person Benoit Moreau, P.Eng., President and CEO of the Company and a qualified person pursuant to National Instrument , has reviewed and approved the technical and scientific information in this presentation.

3 PRODUCT PROPERTIES Demand for tungsten expected to grow with new technology applications and GDP increases in China and India as well as other emerging countries **** Tungsten prices are near all-time highs Year-round access and labour availability All projects are located in the friendly jurisdictions: Québec and New Brunswick PROJECTS TEAM Significant land packages Low exploration costs and multi-resource potential in two jurisdictions Management and Board members have deep experience in the mining industry and a solid track record in the exploration and development of mining projects.

4 UNIQUE PROPERTIES Wear and corrosion resistant metal VERY HARD: Tungsten is second only to diamonds for hardness RESISTANT TO HEAT: Tungsten has the highest melting point and lowest coefficient of expansion of all metals. DENSE: Tungsten is denser than lead and even uranium. ENVIRONMENT OCCURRENCES GEOLOGICAL SETTING Environmentally benign. Does not break down or decompose, and it is corrosion resistant. Both industrial and commercial usage have low impacts on human and wildlife. Scheelite and wolframite are the main tungsten bearing minerals Tremolite, fluorite, garnets and apatite are indicator minerals Tungsten is associated to contact metamorphic rocks (skarns) and/or high-temperature hydrothermal veins Can be found with copper (Cu), gold (Au), molybdenum (Mo), tin (Sn) and zinc (Zn).

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6 MARKET Tungsten is not an openly traded commodity - contracts are between producers and endusers, similar to several industrial minerals DEMAND Since 2001, tungsten demand has increased by close to 40%. Total world consumption in 2010 was 77,000 tonnes. While China is the major producer, it has restricted tungsten exports to keep pace with its own industrial demand; China accounts for some 40% of total world demand. The U.S., Europe and Japan consume 55% of the world's tungsten, but produce about 5%. In the U.S., tungsten is classified as a "Strategic Metal" - it is integral to national defense, and the aerospace and energy industries. SUPPLY China is the major producer (87%) of the world's tungsten supply, followed by Russia (4%) and Bolivia (2%). Other important producers are Vietnam and Austria. Adex Mining (ADE: TSX-V) is reviving the former Mount Pleasant mining operation in New Brunswick with capital raised from Hong Kong. GROWTH PRICING Based on the past 5 years, world consumption could grow by 15%-20% annually. APT-Tungsten prices have increased from $50 per MTU* in 2002 to over $400 per MTU (see Metal-Pages chart). Tungsten is one of the few metals that has withstood the recent metals bear market. (Sources: International Tungsten Industry Association and US Tungsten Corp.)

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9 BENOIT MOREAU President and Chief Operating Officer Benoit Moreau has 30+ years of mining industry experience. Prior to heading up Goldstar Minerals, he was Founder and President of GeoMega Resources Inc. where he negotiated the acquisition of the Montviel Property from NioGold in 2010; he is a former CEO of Copper One and of Mason Graphite where he negotiated the acquisition of the Lac Guéret world-class deposit from Cliffs Natural Resources in He has a B.Sc. in Geology from Université of Montreal, a mining engineer degree from École Polytechnique (Montreal) and an MBA from University du Quebec à Montreal. He is a member of the Ordre des Ingénieurs du Québec and a board member of Valencia Ventures. ERCAN UGUR Chief Financial Officer Mr. Ercan Ugur has a Bachelor of Arts degree from the University of Bosphorus, Istanbul, Turkey and has worked in the mining industry since He is also Chief Financial Officer of Yorbeau Resources and a board director of Cancor, a mining company involved in the exploration and development of base metal mining properties in the Abitibi region of Quebec. DAVID JOHNSTON Corporate Secretary A corporate, M&A and securities lawyer who works as a legal consultant to several publicly traded companies. David Johnston previously practiced commercial, corporate and securities law at a national law firm and has extensive mining law experience in numerous jurisdictions including Canada and the African and South American continents.

10 BENOIT MOREAU, B.Sc., B.Eng., MBA. President and COO, Goldstar Minerals Inc. STEPHEN BUTRENCHUK, B.Sc., M.Sc. A professional geologist and consultant with 35+ years of experience in mining exploration, including project evaluation and management. Is President and CEO of Gold Ridge Exploration Corp. since May FRANÇOIS PERRON, B.Sc., MBA Was previously President and CEO of QMX Gold and of Golden Goose Resources. Has a Bachelor of Science from McMaster University and an MBA from HEC (Université de Montréal). Mr. Perron is a director of Yorbeau Resources inc. and Apogee Silver Ltd. MARK TREVISIOL, B.Eng. Currently President and CEO of Silver Bear Resources. Has over 21 years of management experience in the base metals industry. Has a mechanical engineering degree from the University of Waterloo.

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12 Overview: A 46 claim exploration property covering an area of 9.5 km 2, approximately 40 km west of Fredericton, and adjacent to the north to the past producing Lake George antimony mine. Close to infrastructures (paved highways, deep-sea port and power lines), with excellent year round access. The property lies southeast of the Hackshaw Granite, a phase related to the Pokiok Batholith, in contact with Lower Silurian Age Kingslear Group metasedimentary rocks which host the former Lake George antimony deposit. An outcrop of the Hackshaw granite is present on the northwestern part of the property. The Hackshaw granite has oxidized intrusion type characteristics. The Lake George granodiorite stock has intruded the metasedimentary rocks and its cupola was detected by diamond drilling at a depth of between 350 and 550 m, approximately 1.0 km north of the Lake George mine site and at the southern property boundary. The Lake George granodiorite has reduced intrusion type characteristics. Exploration diamond drilling conducted in the late 1970 s and early 1980 s outlined a broad zone of tungsten bearing scheelite and molybdenite type mineralization within an area located to the north of the Lake George mine site. The W-Mo mineralization is hosted within calc-silicate rocks and a network of cross cutting quartz veinlets which appear to be associated with the presence of the buried Lake George granodiorite intrusion.

13 Exploration strategy North-Northwest area between the Hackshaw granite and the Lake George granodiorite, essentially comprised within the property, constitutes the main exploration priority and it is supported by the following observations: Intrusion characteristics of both the Hackshaw granite and the Lake George granodiorite suggest a deposition interface favourable for tungsten (W), molybdenum (Mo) and gold (Au). This interface is immediately north-northwest of the buried cupola. Hydrothermal alteration has been observed from historical work and occurs along numerous northerly and northwesterly dipping structures. DDHs and have returned respectively 0,25% WO 3 over 14 m and 0,15% WO 3 over 139 m. The holes are within the presumed interface. The potential W zone constitutes a block of 1 km X 1km by 350 m deep. Action plan Compilation of available data and targeting - April to May 2014 Diamond drilling with a minimum of 10,000 metres - June to November 2014 Budget: $1,500,000

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18 Overview Located 100 km East of Mattagami in the Plan Nord area. Good access Covers 165 claims, representing an area of approx. 91 km 2. Identified for its polymetallic potential where several never-tested geophysical conductors are present. The geological setting is very promising with structural features crosscutting the Opatica-Abitibi Archean suture zone. Action Plan Targeting completed; 1,500 m of diamond drilling to be completed by March Budget: $300,000

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20 Overview Located 75 km northeast of Mont-Laurier. Excellent year-round access. Covers nearly 275 claims, representing roughly an area of 150 km 2. Staked for its tungsten potential (stream sediment anomalies of up to 583 ppm W were reported by Quebec government s geologists, but not investigated). It is among the highest concentrations of W anomalies in all of Quebec. Geological setting is favorable for tungsten with marble units in contact with small size late granitic intrusives in a metamorphic environment typical of skarns. Similar to the Sangdong deposit in Korea being developed by Woulfe Mining (TSX-V: WOF). Action Plan Field prospecting of the most important anomalies June to Sept Budget: $200,000.

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22 Complete 2 nd round of financing in Spring 2014: $2,250,000 $750,000 in cash $1,500,000 in flow-through funds. Québec: Complete drill program on Julien property by March 2014: 1,500 m testing best targets. New Brunswick: Compile geological information for newly acquired properties. Outline targets for the diamond drilling program (10,000 m). Québec: Brockaby property Complete lithochemical sampling by end of Summer 2014.

23 Shares outstanding : 13,442,149 Share options: 17,500 Warrants: 6,900,900 $0.12 Oct. 30, 2015 $0.12 Dec. 19, 2015 Share price - 52-week range: $ $0.80 (*share consolidation 1:20 Aug. 30, 2013)

24 Montreal Office 110 Place Crémazie West, Suite 430 Montréal, Québec, H2P 1B9 Telephone : Phone: (514) bmoreau@goldstarminerals.com WEB site :