Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 goldielockson Mar 01, 2021 2:29pm
199 Views
Post# 32686999

Garland's update a translation

Garland's update a translation1). I understand IMG has been busy this winter in the Nelligan area. They are running high-res mag surveys and detailed IP surveys ( hopefully the new 3-D type) These programs should fine- tune the drilling locations when looking for the high grade intervals throughout Nelligan ( of which there are plenty especially to the southeast) This detailed work is required before starting the 10000m program in the late spring ( unless they found a rig and will begin shortly) Right now is a good time (excuse) to do this work - before they drill.

Translation: Doing preliminary work on  project they should be infilling . should know the targets to expand by now. They can't get a drill but little old VSR can gte two hmmmmmmmmmmmmmm

2).
Felix :   Rig number one is drilling ahead and making good hole - waiting on some visuals .Rig number two will arrive next week and begin drilling. We are permitting additional locations -in particular the substantial s-curve (formation  folding back on itself) anomaly in the iron formation. Two rigs should get the program finished before breakup in early April.

Translation: You'll hear some results by end of summer but this is a crapshoot with no real homerun expected

3)
We are currently investigating another project to drill prior to breakup  or late spring in the Nelligan corridor - details to follow IF and when warranted.

Translation: Total blue sky like playing roulette or the lottery

Where are the touters? Spacedoc?? Reaper did you run out of little birdies

BTW  I understand VSR is no longer Grandich's largest holding, SUP is. Hmm did he sell or come up with more money after a 7 digits lost in VSR


TIME WILL TELL
<< Previous
Bullboard Posts
Next >>