The Prince Gold Property is located in Newfoundland, and covers 125 hectares. The property is contiguous to the eastern boundary of New Found Gold’s (NFG.V) recently announced Queensway Project discovery area, where New Found Gold reports historical gold values in a major structure that extends for several kilometres. New Found Gold’s Queensway Gold property has two major fault areas under investigation, with the eastern extent in close proximity to Goldstar’s new acquisition.
In a November 16, 2020 news release, New Found Gold reported additional gold intercepts including 6.85 metres of 44.5g/t gold at the Keats Zone from its ongoing 100,000-metre drilling program at its Queensway Project (1). Goldstar’s Prince Gold Property is also bounded to the east by Gossan Resources’ Gander Property.