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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 Dec 01, 2020 2:07pm
555 Views
Post# 32010828

re garland

re garlandThis is my take on the latest holes .   159 and 162 infill holes in the pitshell once again hitting some nice high grade and thick. Where I am dissappointed is hole 160 This hole was undercutting hole 147. The rig blew up at 70 m but it was deep enough to intersect a very nice shallow liam zone. This zone is not thick but has very good grade! The real prize is deeper and they did not get there -  the same for hole 163 hugely important and we will have to wait for the winter program as I hear these are the first holes to be drilled. hole 165  - way off to the southwest rank wildcat and off trend - no surprise that it failed to intersect anything. IMG should have drilled this hole on our western boundary instead!!!!! The big story is holes 161 and164 to the west  - infilling between hole158 and the pitshell to the east (500m distance). The holes are thicker (161 -  85m@1.1g/t ) and higher grade ( 164 - 45m @1.87g/t) There is no doubt now that the pit shell extends for at least 700m to the west. I will be completing my sections and correlations to determine a more accurate resource covering an area 900m long,  175m wide and at least 60m thick on average. There should be some impressive numbers. ( will post when I'm done) Bottom line ---this deposit only continues to grow!! We still have a long ,long way to go!! The winter program ( I hear some 15000m+) should really define what we have . IMG has pretty much defined the pitshell - now they have no choice but to explore or simply move out. We need to go deep under the pitshell, go southwest and deep and absolutely drill west to our claim boundary!!! IMG will have no other recourse -  Sup will dictate that - their results will simply change everything and likely blow the Nelligan corridor wide open -wait for it!! Their results will hugely impact us!!! ( and finally Img direction).  The news is simply good and I will get back with some resource ounces to the west.    Stay thirsty
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