Canstar Announces Matthieu Lapointe as VP, Exploration, and Provides an Exploration Update
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Canstar Announces Matthieu Lapointe as VP, Exploration,
and Provides an Exploration Update
Toronto, Ontario – September 2 1, 20 21 – CANSTAR RESOURCES INC. (TSXV: ROX &
OTCPK: CSRNF) (“Canstar” or the “Company”) is pleased to announce that it has hired Matthieu
(Matt) Lapointe, P.Geo, as Vice President, Exploration, effective immediately.
Mr. Lapointe, P.Geo. has over 15 years of greenfield and brownfield precious metal exploration
throughout Canada and internationally. Most r ecently Mr. Lapointe was VP Exploration at
Labrador Gold Corp., where he led the team that discovered the Big Vein on the Kingsway
property in Newfoundland. Mr. Lapointe’s previous experience includes being Chief Geologist at
TMAC Resources (“TMAC”), Senior Project Geologist at IAMGOLD, and Geologist at Sabina Gold
& Silver. At TMAC, Mr. Lapointe developed exploration strategy and managed regional
exploration of the 1,600 km 2 Hope Bay Project in Nunavut , including brownfield targeting at the
active Doris gold mine and two advanced stage gold deposits.
Rob Bruggeman, President & CEO of Canstar, commented: “I am delighted to have Matt Lapointe
join Canstar to lead our growing exploration team . Our Golden Baie project has gold showings
over a considerable distance. With his extensive gold exploration experience, Mr. Lapointe is well
suited to lead the exploration efforts to turn some of these gold occurrences to new discoveries.”
Matt Lapointe stated: “The Golden Baie project is a large, prospective land package that is largely
underexplored for orogenic gold mineralization despite the favorably -aged tectonostratigraphy,
regional-scale structures and abundant gold occurrences. I am very excited to be a member of
the Canstar team and look forward to working with the company to advance its current prospects
and develop a robust pipeline of exploration targets.”
Dawn Evans-Lamswood, previous Vice President, Exploration, is no longer with the Company.
Canstar thanks Ms. E vans-Lamswood for her contributions and wishes her well in her future
endeavours.
Golden Baie Exploration Update
The Company is pleased to announce that the initial diamond drill program on the Golden Baie
project has now been completed. In total, 62 holes were drilled for 5,734 metres. One-half of the
drill holes were drilled on the Kendell Target and the remainde r were drilled on the Blow Out
Target and other targets on trend to the southwest of Blow Out.
Initial assays from the drill program included 9.64 g/t Au over 7.75 metres in hole GB -21-01
(reported on August 19, 2021 ). Assays for the remaining holes , as well as numerous grab
samples from ongoing prospecting activity , are pending. The Company will be announc ing the
assay results from the drill program over the next several months.
Canstar is also pleased to announce that an airborne LiDAR survey has been completed on the
entire 62,175 hectare Golden Baie property . The LiDAR survey results will aid with structural
interpretation and target generation on the Golden Baie property, especially in areas with thicker
till cover.
The Company is currently reviewing the preliminary drill results and LiDAR data in order to design
the next phase of the exploratio n program on Golden Baie , which is expected to include some
additional drilling.
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
Acknowledgements
Canstar wishes to acknowledge the financial support of the 2021 exploration program through the
Junior Exploration Assistance Program from the Department of Natural Resources, Government
of Newfoundland and Labrador.
Qualified Person
Bob Patey, B.Sc. , P.Geo, Senior Geologist of Canstar, and a Qualified Person as defined by
National Instrument 43-101 - Standards of Disclosure for Mineral Projects, is responsible for the
scientific and technical data presented herein and has reviewed and approved this release.
About Canstar Resources Inc.
Canstar is focused on the discovery and development of economic mineral deposits in
Newfoundland and Labrador, Canada. Canstar has an option to acquire a 100% interest in the
Golden Baie Project, a large claim package (62,175 hectares) with recently discovered, multiple
outcropping gold occurrences on a major structural trend in south Newfoundland. The Company
also holds the Buchans -Mary March project and other mineral exploration properties in
Newfoundland. Canstar Resources is based in Toronto, Canada, and is listed on the TSX Venture
Exchange under the symbol ROX and trades on the OTCPK under the symbol CSRNF.
For further information, please contact:
Rob Bruggeman P.Eng., CFA
President & CEO
Email: [email protected]
Phone: 1-647-247-8715
www.canstarresources.com
Forward-Looking Statements
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.
This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward
looking statements include estimates and statements that describe the Company’s future plans, objectives or goals,
including words to the effect that the Company or management expects a stated condition or result to occur. Forward
looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”,
“would”, “will”, or “plan”. Since forward -looking statements are based on assumptions and address future events and
conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on
information currently available to the Company, the Company provides no assurance that actual results will meet
management’s expectations. Risks, uncertainties and other fa ctors involved with forward -looking information could
cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or
implied by such forward-looking information. Forward looking information in this news release includes, but is not limited
to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the
estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations
and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking
information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral
resources to reserves, the inability to complete a feasibility study which recommends a production decision, the
preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental,
environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and
other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes
in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of
projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral
exploration and development industry, an inability to predi ct and counteract the effects of COVID -19 on the business
220 Bay Street TSX-V: ROX
Suite 550 OTCPK: CSRNF
Toronto, ON M5J 2W4 www.canstarresources.com
of the Company, including but not limited to the effects of COVID -19 on the price of commodities, capital market
conditions, restriction on labour and international travel and supply chains, and tho se risks set out in the Company’s
public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing
the forward-looking information in this news release are reasonable, undue reliance should not be placed on such
information, which only applies as of the date of this news release, and no assurance can be given that such events
will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise
any forward -looking information, whether as a result of new information, future events or otherwise, other than as
required by law.