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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 Aug 17, 2022 12:25am
309 Views
Post# 34901208

unclebobby

unclebobby5.5 million is my low number  - no point going on and on and on about how much vsr is worth  - we all know it is WAY north of 1.50 cdn but know one wants to listen right now so just sit back and buy the cheap shares that the fools throw away !!!!! - same reasoning for not talking about bousquet  -  we have  drilled  at least three great leads to expanding this deposit ( especially to depth). two holes found vg and not just a micrograin but thumbnail sized! in a thick mineralized interval  - a brand new vein/mineralized shear zone!! -  every hole will find gold - it is that kind of system. - BUT what is critical is to do a resource calculation to determine the amount of gold present and IMHO my calculations suggest way north of 500,000 ounces  ( starting at surface) - plenty to become a satellite deposit for Westwood !!! vsr is initiating that process - but once again no one listens  or cares so I buy their cheap shares!
As far as IMG goes I hope they sell Nelligan!!! - but likely will not as they need  to add value to increase the price for a financing ( also explains the haste to do so.)

IMHO If  IMG continues to flounder , they will be picked off by the vultures - and there are lots out there watching ! REMEMBER IMG cannot let their stock drop below 1.00us or they will lose their  New York listing !!!!! -  Something will happen  - stay tuned as vsr is in an excellent position to benefit from their demise

my bids are in!

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