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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 May 31, 2022 11:07pm
216 Views
Post# 34722096

re: best drill hole

re: best drill holeMy answer to that is two drill holes NE-20-157 and NE - 20 - 147 Both holes are 200m apart and reached the same depth (550m TVD) directly under the pit shell

Hole NE- 20 -147 :   45.7m @ .84g/t , 16.5m @ 1.35g/t, 25.5m @1.92g/t, 24m @ 1.09g/t and 21.3m @ 3.41g/t including1.5m @ 39.1g/t at the bottom of the hole
TOTAL = 135 m of mineralization

Hole NE - 20 -157 :    16.4m @2.65g/t, 25.3m @1.33g/t, 39.1m @ 2.14 g/t, 21.4m @1.68g/t, 34.5m @1.85g/t and 6.0m @ 4.59g/t at the very bottom of the hole .The hole actually ended in1.23m @ 12.85g/t!!
TOTAL = 142.7m of mineralization

NOW , what is important is that there at least three deeper holes surrounding NE-20 -147 and 157 that we are waiting on for assays - these holes were drilled deeper ( to make certain they do not end in ore ) and  determine the grade  and thickness of the mineralization  under the pit shell . I have been told that the holes are thick with large intervals of assays pending. In this immediate area , the holes should have penetrated  the Dan zone, two Liam zones , the zone 36, and the Renard 1 and Renard 2 zones - this explains the thickness and overall potential under the pit shell


If I had to pick one hole, it would be NE-20 -157 as it ended at 621m within 12.85g/t and begs the question - how much thicker is this high grade interval?  we will find out eventually
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