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 garlandon Mar 09, 2021 2:23am
267 Views
Post# 32750062

re 3 - D view

re 3 - D viewOne last comment on the second IMG video. The 1.22 minute mark on the video is the most revealing presentation of the relevent size of the 43-101 reserve pitshell to the current complete Nelligan deposit ( including all mineralized members containing economic gold) You notice that it is open to the east,  west , and most importantly at depth along the entire deposit. The view is north (at the subcrop ) looking south. Clearly the deposit is much much larger than the pitshell ( 3.2 million ounces) .  My estimate of additional  total reserves is  now in the area of 7.5 million ounces , but could be higher when the high grade ore is taken into account  ( orange/red area).  Much depends on where the 2021 drilling program is located  - ie more exploration east and west and deep . Note that many holes under the pitshell ended in ore . Very safe to say that the Nelligan deposit will become much much larger. Nelligan requires another 100000m of drilling to reach (dare I say ) 10 million ounces but I doubt we will be around before we see a completion to that amount of drilling. Excellent presentation by IMG for our benefit. A  nice surprise! Waiting for more later this week  ( drill program details and geophysics?? ) Cheers Garland
<< Previous
Bullboard Posts
Next >>