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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 Warlockkkon Apr 17, 2021 10:04am
240 Views
Post# 33016868

The rumor mill is quite busy today...

The rumor mill is quite busy today...the best one I heard was that SUP was looking to partner with VSR. Details are sketchy but not realistic, since VSR has something (j/v with IMG) while SUP has nothing. They are drilling a low grade deposit that will take many years to prove up in the Nelligan, and have what looks like a tremendous property TPK which will never advance until SUP caves in to the extortion demands of the local Siberians, which will be never ending. 
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