RE:RE:RE:Gold from IMG Q2 2022 Management Discussion & Analysis
https://ceo.ca/content/sedar/IMG-20220803-MDA-English-af62.pdf
Nelligan Gold Project The Nelligan Gold project is located approximately 40 kilometres south of the Chapais – Chibougamau area in Qubec and is operating as a 75:25 earn-in option to joint venture with Vanstar Mining Resources Inc (“Vanstar”). The Company holds an option to earn an additional 5% interest, for an 80% total interest, by completing a feasibility study on the project. Approximately 4,700 metres of diamond drilling was completed in the first half of 2022 to support the completion of an updated resource estimate expected by the end of 2022. Subsequent to quarter-end, Vanstar reported assay results from the 2022 drilling program which intersected multiple wide intercepts of gold mineralization, including the following highlights: 69.0 metres grading 2.24 g/t Au, 52.3 metres grading 1.60 g/t Au and 23.8 metres grading 3.21 g/t Au (see Vanstar news release dated July 6, 2022).