GlobeStar Mining Corp. Update on Nickel Exploration Program in Dominican Republicadmin
GlobeStar Mining Corp. is pleased to announce the results of 21 diamond drill holes of the scouting/infill drill program at Corozal Ridge in the Dominican Republic, including 11.3 meters at 2.03% Nickel and 9.0 meters at 2.02 % Nickel.
The Corozal Ridge nickel lateritic zone is located approximately 3.5 km east of GlobeStar’s Cumpie Hill nickel deposit and 1.5 km west of the Company’s Cerro de Maimon copper/gold project. GlobeStar first identified nickel laterite at Corozal Ridge from a shallow test pit which contained 1.8 % nickel (“Ni”) (see release of 12 October 2006). Drilling at the Corozal Ridge target began in mid-November 2007 on 50 meter centers. Detailed mapping and an auger scouting carried out in late 2007 and early 2008 allowed GlobeStar to expand the known area of laterization, which now extends for more than 700 m along strike with an average width of 150 m. To date, 55 holes have been completed and 10 additional holes are currently scheduled. Results of the first 7 drill holes included one hole with an intercept of 21 metres grading 1.85 % Ni (see release of 17 January 2008). More..