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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 Apr 03, 2020 9:46pm
149 Views
Post# 30878268

nelligan 20 % interest

nelligan 20 % interestI know of several companies that are interested in VSRs interest.Two of them I cannot mention  and one I am working with  is  a major with lots of cash - they are waiting for the drilling results as is everyone else. This company could easily take out IMG but likely does not want the high risk African mines. remember - this deposit will become much larger and  will attract a larger audience.The other componet is the NSR  it could be worth upwards of 60 million dollars or more-there are lots of royalty hunters around - Osisko just cashed up and they could be a candidate. We are right in the middle of their core area. Truth be known I wish  VSR could buy IMGs interest . I really like this deposit and imho I think this deposit will be much much larger! I also predict it will go underground and be similar and better than Agnico Eagles Goldex mine nearby! (they are a candidate too) Of coarse Img is the number one candidte but who knows with them  - maybe they want us as a partner? -cannot figure them out. This whole process will take time - the stock will go up and down in these volatile times but no one has a better situation than we do. I hate waiting but I have no choice Got to take our free cash and find some other good exploration properties while i wait. Stay safe and have a good weekend It is cocktail hour now.
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