Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Sep 10, 2020 2:25pm
193 Views
Post# 31534351

update

updateIt would appear that IMG has finished the summer program.Iunderstand they had 3 rigs drilling and finally got the job done quickly - nice to see. I would assume they drilled somehwere between 6000 - 8000 m ( three rigs could easily accomplish that). Now as far as where they drilled - here is my best guess. 3 - 5 holes to the southest offsetting hole 157 This is our best hole and it would make sence to see how far the deep high grade goes. 4 holes hopefully to at least 700m+ would eat up 3000m. They are on top of the feeder(conduit)pipe in this area. Once again RUMOUR has it that they touched the tip of the iceberg again ( does not surpise me at all) .I am looking for another hole 157 - only better and they had better not have ended in gold ore or they are definately playing games with us!! Whatever comes ,will  only give us a huge indication of how valuable this deposit is going to become. To the west likely 5 - 6 holes  - to define how much gold lies west of the lake and more importantly the distribution of the high grade ore shoots. There may even be a rank wildcat hole drilled into the eastern edge of the thickening excellent mag anomaly shown on the SUP map - all of which will be gamechangers - no question about that!  Drilling out to the west would eat up another 3000+m. So it would be feasible  that IMG likely drilled some 6500m+.

This entire summer program will add a huge amount of knowledge about Nelligan- and it's true value.  Any success doubles the deposit - thats a given. And remember SUP is going to enhance  the western edge of our claims.

I also understand that IMG is waiting for freezeup to start an even larger winter drilling program ( I just cannot believe that they will take us through that!!!!!)

Now we wait once again (probably for a while with re-caps that IMG likes to do ). HAVE PATIENCE - the real good results and associated information is coming!!  stay thirsty
<< Previous
Bullboard Posts
Next >>