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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 SGCGRIMREAPERon Mar 05, 2020 12:08pm
131 Views
Post# 30770827

Grandich Twitter comments today

Grandich Twitter comments today Vanstar Mining (VSR-TSX, VMNGF-OTC) I've acquired about 2% of the outstanding shares. If there's such a thing as a no brainer junior, this appears to be it. Owns 25% of a gold resource now at 3.1 mil-oz with IAMGOLD as their partner. The deposit appears wide open -drill results
due soon. To go to 80% IAMGOLD must deliver FFS. Why spend tens of millions to do so when current market cap of VSR is just $4o mil? If drill results show extension and potential for many more ounces, IAMGOLD acts IMHO. Double or triple from here with backstop of 25% already VSR.

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