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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 garlandon Feb 12, 2022 12:47pm
238 Views
Post# 34423309

re re catalysts - what is coming in the first quarter

re re catalysts - what is coming in the first quarterthree main factors  1. IMG drilling results from at least 12 holes ( all to the west ) and ongoing drilling out there plus the locations of those new drill holes  - major activity ongoing! will massively increase the resource to the west and ultimately double the size of the Nelligan pitshell
2. SUP deep drilling directly on our western boundary.  VSR has a piece of the Falcon zone - no question about that -  only question is how large is it ( remembering that it is located 1.2 km for our nearest control point ).  hopefully IMG will drill several holes near our western boundary ( or has already)
3. calder drilling to start very soon  - large program ( much better potential than Felix) any discovery here will certainly grab IMG's attention
4.IMG drilling results on the Kintavar block would enhance VSR potential to the east if good reults are released ( soon) - remember  VSR has a1.0 km of undrilled land to our eastren boundary with Kintavar - geology and geophysics looks good on our land - drilling definately needs to be done there at some point!!
5 Felix  - non issue
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