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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 RazorRamone777on Jan 01, 2021 9:28am
225 Views
Post# 32207014

HAPPY FELIX NEW YEAR!!!

HAPPY FELIX NEW YEAR!!!Well 2020 has been a tough one in some ways here at VSR, although many are up a lot already, I just think we all had higher expectations, knowing what we already know. It seems as though our J/V partner IMG has been dragging thier feet, not drilling as much, or as deep, or in the places we would have liked to see. I do not believe these people to be that incompetent so it only leads me to believe that they were planning on buying the Nelligan out from under us at much reduced cost by purposely NOT proving it up. That may have worked with our old management team, but now with the help of Peter Grandich and his team including Reaper and others, the situation has completly changed. If not already, soon IMG management will realize they have been shooting themselves in the foot, these gold rallies don't last forever and our new management team, some of which will soon be announced will NOT sell us out cheap! In the meantime we have the drilling of our 100% owned Felix to look forward to, especially with that juicy historic hole to start with. Good luck, Good health, and may God bless you all in the New Year!
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