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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

Comment by ruffus23on Aug 19, 2022 7:26pm
199 Views
Post# 34908691

RE:RE:RE:Gold

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).
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