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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 Oct 29, 2020 7:14pm
234 Views
Post# 31810380

vsr-sup

vsr-supJust a minor update on my thoughts on sup and vsr to those who would listen. I understand the first phase of exploration on target one is done. Going to the sup presentation ,that would represent the drilling of 7 holes to at least 250m. The holes are spaced approximately 250m apart and completely cover the strong magnetic low that was finger printed at nelligan. The low is straddled by two inferred faults as was the case at nelligan. The holes are targeting the north limb of the mag low  some 250m north of several previous holes , one of which intersected 15m @ 1.5g/t . The program is immediatlely adjacent to vsr's western boundary . The holes cover an area 1 km long by 700m wide ( close to the size of the nelligan pit shell) An intersection of ore in excess of 25 -40 m in any of the holes would be substantial as you could easily fit a gold deposit between the control points (remember , the pit shell is drilled on 25 - 50 m spacing). ONE OF THESE HOLES SHOULD HIT SOMETHING I'm betting on at least one, probably two but the question remains - they need thickness. 15 m is a start ( as it was  at nelligan ) but I would like to see 40m+ Anything would greatly enhance the potential for finding something on our undrilled 2.5km trend eastward toward West Renard at nelligan. I assume sup has moved to target 1b - another strong magnetic low further westward within the  sedimentary corridor. Keep your fingers crossed- I would really like to see another discovery in the nelligan corridor. Again I am predicting  the beginning of another deposit , not specifically a huge extention of  the West Renard member.  That would be too good to be true. We wait on results. Stay thirsty
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