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Vanstar Mining Resources Inc. VMNGF


Primary Symbol: V.VSR

Vanstar Mining’s Nelligan gold project joint venture with IAMGOLD (25% VSR/75% IMG), located 60 kilometres SW of Chibougamau, Quebec. Vanstar retains 25% undivided non-contributory carried interest until commercial production. Nelligan is one of Quebec’s largest gold projects containing approximately 5.6 Moz of gold. Vanstar has signed an LOI with IAMGOLD to acquire a 75% interest in their Bousquet-Odyno property. The project is 6km from IAMGOLD’S Westwood mine.


TSXV:VSR - Post by User

Post by SPACEDOCon Jan 12, 2023 7:51am
153 Views
Post# 35217722

well a perfect storm

well a perfect stormWith over 5.2 million ou. and the price of Gold saoring we are off to the races. Go them them JC


"With the very targeted drill programs completed by IAMGOLD, we were able to achieve a 63% increase in gold resources at Nelligan, as well as improve the quality of the resources by converting some of the Inferred Resources defined in 2019 into the Indicated category. With the 10,000 metres drill program planned for this year by IAMGOLD we believe there is immediate expansion potential of the known resource and the exploration work achieved on the Project land provides an opportunity to test newly defined exploration targets outside of the resource area.”
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