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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 garlandon Mar 27, 2020 2:33pm
161 Views
Post# 30853929

VSR - additional thoughts

VSR - additional thoughtsI can live with unpolished managment for the moment. the bottom line here is we have a free carried 25 % interest in a substantial gold resource - let alone the NSR!. We have the gut of this project and this entire region of Quebec will become a new major exploration gold camp - Blue Thunder and Northern Superior are proof of that. The activity is just beginning. Majors are watching -wating to pounce when the time is right. I only wish IMG would get more  aggressive - they are far too conservative for me and they will not steal this company! VSR has 5.0+ million  no debt and we are looking agressively for new projects. The time is perfect to pick off crippled companies that cannot raise cash. we dont have that problem. AS i said, the proof is in the ground and I am waiting for the next round of results .There is huge value here -You have to have patience -that is tough in these times but I have been here for 4 years so far. not going to change now . Will elaborate on what I feel the true value of VSR  is at a later date -currently working on that. Pray this virus gets out of here so we can get on with our lives again. Will keep you posted.   -time to check the market
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