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Vanstar Mining Resources Inc. 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 May 18, 2020 1:52pm
119 Views
Post# 31042700

re re nelligan

re re nelliganone reason only -  IMG simply does not want to add any additional value to our stock . If they drill several big holes to the west ( double the size ) , several deep holes under the pit shell ( where the high grade is) or way off to the southwest ( new deposit ) IMG has just forced themselves to pay alot more for our 25%  interest let alone the NSR! AS I have said all along - given the new nature of this gold deposition , this deposit will only become more valuable with any additional work done on it. I just  cannot understand why IMG would not do  SOMETHING before they announce a 2020 summer program -just crazy! - but if this is their plan --- keep on building value for us   - long and very very strong!


P. S.  hurry up the d--- results!
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