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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 Nov 06, 2020 11:32pm
370 Views
Post# 31856733

Sup and Vsr - awaiting additional results

Sup and Vsr - awaiting additional resultsFor those who would listen -  this is my take on the remaining Sup results (and the upside)


FOUR INDIVIDUAL TARGETS

 
Target 1a

The target is roughly 900m long by 550m wide - a rectangle slightly smaller than the Nelligan pitshell. The discovery hole LCS 20-13 penetrated 35.5m @ 1.08g/t . The hole is located in the extreme southeast corner of the rectangle directly against Vsr's western boundary. Moving straight westward  for 450m along the south boundary,  an earlier drill hole  BP -17 -04 penetrated 6.34m@1.12g/t . . In the extreme southwest corner of the rectangle another drill hole LCS-19-008 penetrated 15.5m @ 1.54g/t . Basically,  gold has been identified along the entire south boundary of the rectangle for a distance of 900m - GOOD START!!  Now the six remaining holes cover the entire rectangle in a grid pattern with inter hole distances of at least 250 - 400m. Most holes are located in the centre of a deep magnetic low. I understand all holes found interbedded metasediments with lots of pyrite and everyone is very pleased with the visuals. Personally I'm expecting at least two  additional  holes with good  gold mineralization thickness and given the occurrence of gold all along the south boundary and 250 -400m  inter hole distances for the remaining holes, I expect a sizeable discovery at the very least! All holes were drilled to 250m. I was hoping Sup would take one hole to 500m and test the entire sedimentary package. Remember the Nelligan deposit is thicker and richer with depth -  as is happening under the  Nelligan pitshell to the southeast. I understand Sup will address my concern this winter as they are planning a massive winter drilling program including several deep tests. GOOD, they need to do this - that is how the true Renard zone was discovered.

Needless to say Target 1a is well on it's way to  hugely enhancing the exploration potential covering the1.4km between Vsr's western boundary and Renard West ( you can easily fit 2-3 Nelligan deposits within this area).  Once again , I consider target 1a  the discovery of a new deposit within the deformation corridor and not an extention of the true Renard West zone ( the latter would be too good to be true)

Target 1b

3 holes 250m deep testing another very  strong mag low  (deep sedimentary package) 1.0km further to the southwest.
Same size as target 1a and very interesting that this anomaly straddles the north boundary of Vsr's claim block to the west-southwest! A discovery here proves up Vsr land once again. No offset borehole control - rank exploration!

Target 2

3 holes 250m deep,  2.5km further west targeting a mag low straddling a porphyry intrusion .This is a slightly different target offsetting a weak gold showing ( 24m @0.12g/t)

Target 3

1 hole 400m deep  5.0 km! further west targeting a deep mag low straddling two inferred faults This is the only deep test - all by itself with no offset borehole control . Target is 2km long!  --  Rank wildcat exploration!  (A hit here would be huge!!!)


When everything is considered, this entire exploration program ( phase 1 ) will give us great insight into the multi-potential of the Nelligan deformation corridor .Thank you Sup!! and I wait to be completely vindicated upon the release of the remaining results  - -  should be very very interesting !!!!!

Cheers
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