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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

Comment by RazorRamone777on Sep 16, 2020 9:47am
124 Views
Post# 31566193

RE:RE:I do believe that IMG has a history...

RE:RE:I do believe that IMG has a history...Reaper, as you can clearly see, I'm no expert of the rules concerning a J/V. I just find it hard to believe that we can be screwed over by IMG like this without any legal repercussions. They can just shallow drill, or intentionally miss the high grade, or quit drilling, and not add results to the 43-101, and simply base thier possible buy out price on outdated, inaccurate data, and we could possibly accept that??? And you point out that we would not be able to drill the property ourselves? The biggest shock to me is that there seems to be posters here that are willing to eat any scraps that fall of the IMG table! All the more reason to drill the Felix ASAP, so we will no longer be a one trick pony dependent on IMG handouts.
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