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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 23, 2020 2:55pm
175 Views
Post# 31182282

additional thoughts

additional thoughtsA few pointers on up coming results
Out to the east one hole is located immediately 75m south and deeper to hole NE-114.This hole is thick and hit several zones (16.7@4.04g/t,28.4m@2.11g/t, 45.9m@1.04g/t and 22.5m@1.04g/t ) -114m in total.This hole should intersect good ore under the pit shell. The other hole attempts to extend this interval at the same depth but 175m to the northeast -pushing the pit shell eastward . Again this hole is outside of the pit shell  (bottom line - good exploratory holes )


TO THE WEST  (making reference to IMG news release map) Holes 150 -153 have extended the ore body  another 30m deeper and southwestward. Between these three holes 275m directly south are holes 58 ,59 and 60 that IMG did not drill deep enough! This rectangle   500m long, 275m wide , 600m deep, could contain a vast number of ounces in the ground - completely unexplored -and the ore zone should be at least 60 - 80+ m thick. Also realize the rectangle extends  under the lake to the west ( and deeper ) 500m south of hole 155   - once  again totally unexplored with a vast potential for additional ounces.  All of this is 600m+ west and southwest of the pit shell. If IMG completes the winter driillng program, then we will likely see several new holes out to the west ( confirming extentions to hole 155 and the offset we are waiting for )  And remember, beyond hole NE -161 and to the western boundary of our claims is an impressive magnetic low anomaly totally unexplored for an additional 4.0 km!!!

lots to look forward to . Stay patient  all is good. (very good)
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