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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 Jun 18, 2020 10:04pm
173 Views
Post# 31167626

next assays

next assaysQuick comments on the remaining three holes. Hole NE-20-158 Critical hole 125m northeast of hole 155 10.5m@10.5g/t (capped at 5.0m@30g/t) The fifth hole drilled into the West Renard high grade wedge -If successful, this hole will confirm the continuation of a substantial ore body and lead to a large drilling program to determine the limits of this deposit. If the high grade thickens ,the reserves increase dramatically! Watch for this one- it has the potential to change everything!  Holes 156 and 157 are located along the easten limits of the pit shell. They are 50m south and deeper from hole NE-19-134 - 25m@1.19g/t ,14m@2.26g/t and 59m@0.90g/t and east and deeper from hole NE-18-75- 23.3m@1.51g/t, 23.1m@2.59g/t, 22.1m @ 2.08g/t , 20.1m@1.09g/t and 66.3m@1.18g/t. They should encounter multiple zones of gold with thick intercepts (150m+) More importantly we will see what happens at depth going eastward.The holes may extend the high grade pod that exists in the southeast corner of the pit shell. Again, all three holes are way outside the pit shell resource.
Hopefully IMG starts drilling soon - they have a great amount of drilling to do -should be an eventful summer for VSR 

Cheers
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