GoldStar Licenses Proprietary Fine Gold Recovery Tech “F-GEM”; Company Anticipates Clean & Green High Gold-Recovery Rates

PHOENIX, AZ / ACCESSWIRE / March 30, 2015 / GoldStar Northamerican Mining, Inc. (PINKSHEETS:GDSR), an emerging, surface gold mining company with land holdings in Arizona on which it anticipates commencing gold production during the Second Quarter of 2015, today announced it has licensed the proprietary Fine Gold Extraction Machine (“F-GEM”) technology from Alberta, Canada-based Black Sand Technology. F-GEM has previously been used with great success in the Yukon of Canada in the Klondike Gold Rush area near Dawson City to recover fine gold from previously dredged placer deposits. The equipment has been shipped to Phoenix and is awaiting deployment.

F-GEM is designed to recover gold from placer, desert alluvial, and fine-gold/black sands metallic deposits. It is proprietary, “clean & green,” in that it does not use any chemicals, and at production scale has shown to recover up to 90 percent of the contained gold. GoldStar has exclusively licensed this technology and plans to deploy it on its initial mining project outside Quartzsite, Arizona to process and recover the gold-bearing deposits it mines.

F-GEM’s fine gold extraction methodology allows the recovery of very fine gold particles from alluvial placer material whether in placer deposits, or mill tailings. The basis for this system is a revolutionary magnet technology that uses Rare Earth Element permanent magnets to affect precious metals. The magnets are incorporated throughout the Recovery System and allow the capture of fine gold that is typically lost in the conventional gravity-separation process or lost in mill tailings.

The power of the magnets in the Magnetic Recovery Unit causes the magnetic material to be pulled in one direction and separated from the non-magnetics such as gold. This process is effective at separating precious metals from black sand/magnetite, which is considered one of the most difficult splits in the industry. The F-GEM gold processing equipment uses minimal water, and power can be provided by conventional diesel generators. A thorough explanation of the science behind this technology, the land package, management team and more can be found in the F-GEM Technology section of our web site: http://goldstarmining.com/f-gem-technology.html.

GoldStar is the only mining company to whom Black Sand has currently licensed this technology. GoldStar’s exclusivity period runs for 24 months from the signing of the agreement. Black Sand agreed to provide a technical development team which will assist GoldStar in adjusting the F-GEM to optimize gold recovery on its Plomosa Mining District surface gold mining operation. Terms include a net smelter royalty and staged cash payments along with other customary conditions.

Commenting on the F-GEM license, GoldStar CEO Craig Parkinson, said, “The F-GEM is designed to revolutionize the recovery of fine gold from placer and other surface deposits. By increasing the percentage of gold recovered, against an otherwise relatively fixed cost operation, we will be able to keep our cost per ounce of gold extraction low. This will enable GoldStar to be solidly profitable on an operating basis even during periods of depressed gold prices. We are excited to roll out our first F-GEM on our Plomosa property and to begin producing gold. We are very encouraged with the early success of this green technology as it relates to fine gold extraction. Currently, we are in final negotiations to acquire the F-GEM technology for the purposes of a full global rollout as there could potentially be thousands of locations around the globe where F-GEM could be deployed.”

About GoldStar Northamerican Mining, Inc.

Phoenix, Arizona-based GoldStar Northamerican Mining, Inc. (www.GoldStarMining.com) is an emerging, junior gold mining company with proposed operations on prime surface, placer gold-bearing properties in the historically prolific Plomosa Mining District of southwest Arizona.

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Statements released by GoldStar that are not purely historical are forward-looking within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company’s expectations, hopes, intentions, and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company’s business prospects and performance. The company’s actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to general economic, competitive, governmental factors. The company does not undertake any responsibility to update the forward-looking statements contained in this release.

Contact

GoldStar Northamerican Mining
Tel: 602-772-3968
E: IR@goldstarmining.com

SOURCE: GoldStar Northamerican Mining, Inc.

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