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Vanstar Mining Resources Inc. 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 Sep 10, 2021 11:48am
222 Views
Post# 33839963

vsr video

vsr videoThis is my take on the important factors on the video .  First of all - good video JC!. The map was the key feature to me  and this is MY interpretation ONLY as I have NO direct verification.

At least another 6-8 holes added in the central portion of the pit shell - not deep holes but all will encounter gold for certain

Two deep holes  --- one hole appears to have completed hole NE-20 - 160 .It is likely the deepest hole to date and should have encountered substantial gold - similar to hole NE- 20 - 147 which it undercut ( 45m@0.84 g/t 16.5m @1.35g/t, 25.5m @1.92g/t, 24m @1.09g/t and 21.3m@ 3.41g/t). This hole likely went well under the pit shell
The second hole ( drilled at the eastern edge of the pit shell ) went deep and offsets Hole NE-20-157 likely testing the high grade gold encountered at the bottom of  this hole  (16.4m@2.65g/t, 25.3m@1.33g/t , 39m@ 2.14g/t , 21.4m @1.68, 34.5m @ 1.85g/t and 6.0m@ 4.59g/t).   There should be substantial amounts of gold in this hole . Again , it is under the pit shell.

The first hole out to the west .  JC talked about the hole - looked like lots of quartz in the core??
The hole went deep -should be the deepest hole out there to date  AND it undercut NE-20 - 155 
10.5m @ 10.5g/t ( capped at 30g/t) including 1.5m @69.1g/t and 28.5m @0.78g/t The hole is obviously looking to extend the high grade deeper and  locate additional deeper zones of mineralization.

 All in all , IMG is finally exploring and by stepping out 200m at a time. This will hugely evaluate ( FINALLY) the expansion potential at Nelligan!! The eastern holes proposed under Lac D Eau will also be very significant.  In my opinion  IMG will need to drill some 8 - 12 holes under the lake for a proper evaluation this winter ( for starters)

Have patience - this will be very, very good!!  IMG will have to pull the trigger!! ( or someone else will)








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