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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 Jul 17, 2020 2:33pm
192 Views
Post# 31282534

expectations

expectationsThis is a summary of what we can expect IF IMG continues to drill on our behalf this summer. They must be doing something up there right now but I don't know what. Here is my guess. Drilling to the east - they will selectively locate holes  to expand the higher grade deeper lobe to the southeast just outside the pit shell. At the moment, -  somewhere in this vicinity is the best opportunity to hit the high grade feeder pipe. If they find it  this leads to another Goldex mine. If IMG drills anywhere to the south and southwest they are drilling deeper and the entire 4.0 km trend is open at depth - this leads to massive additions of reserves. Drilling to the west is absolutely wide open with excellent leads already at Renard West suggesting a double of the current pit shell.  Going further west into completley unexplored terrain gives potential to find more Nelligans or at the very least some nice satellite deposits and additional reserves. IMG is limited to the north to about 400+m as they will hit subcrop westward to our claim boundary. This entire sedimentary exploration  corridor is approximately 10% of our entire claim block .The remaining 90% is relatively untouched - I am assuming we are gone before anything happens here!.

To make a long story short, any kind of exploation program only increases our value sustantially!!  Nothing but a big win for us  --   absolutely begs the question - when do they get rid of us - has to happen sometime. If there is a summer program I will certainly give my opinion on what it means for our upside . Have a great weekend. Here  is to another week of uncomprimising anticipation!!.   Stay thirsty my friends  - it is hot in Kelowna now
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