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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

Comment by edmedon Jan 01, 2021 2:41pm
230 Views
Post# 32207653

RE:HAPPY FELIX NEW YEAR!!!

RE:HAPPY FELIX NEW YEAR!!!
For the reasons you have stated I see it likely that in the New Year Vanstar may just split into two entities.
The first consisting of the Nelligan assets which are 80% owned by IMG.

The second consisting of everything else ie Felix etc which may just amalgamate with SUP ie Northern Superior to form a larger more powerful entity.

IMG may have to pull the trigger early and buy us out at a decent price to avoid this from occurring


it will be an interesting year

GLTA
edmed
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