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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 marketsenseon Aug 28, 2020 1:30pm
138 Views
Post# 31470513

Quiet

QuietNo buyers in the market so far.  Interest seems to have faded away despite gold up strong
this morning.   I think its just that we're in a news vacum period so sellers can push the price
down on lttle volume and that same old issue of being tied to IMG who has no desire
to talk up Nelligan.   The bright side is VSR's property is getting drilled for free as part of the
deal and IMG is drilling on it over the summer.

I'm looking forward to the AGM and what may come out of that.  Come fall,  which is not far 
away,  I think we'll see things heat up.  Some more assays will help a lot in generating renewed
interest.  Possible takeover news is still a wild card and suggestions of drilling Felix seems 
to make sense although I wouldn't want to see VSR take their eyes off the ball with IMG.   Felix
is like a default option but the main course is still Nelligan and IMG.  They need to be watched
very closely so VSR needs to walk and chew gum at the same time. 

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