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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 Mar 29, 2022 9:24pm
156 Views
Post# 34557470

re garland

re garland Unclebobby   - -  go back on the bullboards to march 24th 11.32 pm  posted is a very comprehensive estimate of my conservative reserve addition 1.2 million ounces in the western extension ( a conservative number)   Add to Nelligan 3.2 +1.2 =  4.4 million ounces and growing .  Read my other post -first thoughts on hole 191  The big change will be when I get a map on where IMG is drilling the deep holes (800m+) These holes will likely encounter THICK intervals of higher grade gold which will rapidly increase reserves to well OVER 5 million ounces. The big addition will come with the deeper drilling around and underneath some 24 + holes already existing outside of the pitshell and have NOT been included in the 43-101  Hope this answers your inquiry  - Garland.
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