Vanstar Mining Resources Inc. VMNGF

Primary Symbol: V.VSR

Metals & Mining Gold

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.

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Vanstar Mining Resources Inc.

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Post by Spacedoc6852on Jan 18, 2023 1:12pm

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Post# 35230994

Great write up by stock house

Jocelyn Aspa | The Market Herald

The province of Quebec has a long and rich history of gold mining and production and Vanstar Mining Resources Inc. (TSXV:VSR, OTCQX:VMNGF, Forum) is right in the thick of it thanks to its flagship Nelligan Project.

The company has a free-carried 25 per cent interest in the Nelligan Project through a joint venture with IAMGOLD, which is among the largest gold deposits in Quebec.

For context, Quebec produces about one-third of Canada's gold, with most of it sitting along the Abitibi Gold Belt, having produced 170 million ounces of gold. The region attracts a wide range of explorers and developers, including mining giants such as Barrick Gold Corp, Kirkland Lake Gold Ltd. and Kinross Gold Corp.

All of this is to say that Vanstar Mining Resources sits in good company and is in a strong position to have a busy year ahead.

To kick off the new year, Vanstar Mining announced on January 12 an update to its mineral resource estimate for the Nelligan joint venture Project.

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