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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 drzaconon Mar 30, 2023 4:18pm
249 Views
Post# 35370265

amanda

amanda
I do not believe IMG can accredit a PEA study without their approval and oversight.
 
also, patience is one thing but a better valuation of the company is another. and currently the market does not reflect the true value of the company. investors in gold projects are not very present, which is not the case for strategic minerals. I believe that demonstrating the potential of the Amanda hybrid project (Au and lithium) could only promote a substantial increase in the value of the company, which would encourage financing at a better price.
 
However, it is not necessary for the moment to make a financing, the company having enough flow-through money to do a first verification work directly on the ground.
 
Vanstar is known for its interest in the Nelligan deposit discovered by the previous administrative team. The discovery was made on the basis of geophysical and geological data followed by drilling. Vanstar is currently fortunate to have a banking asset such as Nelligan and a quality gold and lithium project such as Amanda...
 
Go! Go! Go! Not many junior exploration companies are so lucky. Enjoy it instead of eating donuts...
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