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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 1dollarinto2on May 03, 2023 12:00am
165 Views
Post# 35426666

Nelligan Drill Results Timing?

Nelligan Drill Results Timing?Any ideas of when the 10,000m of drilling at the Nelligan will be complete and how long results will take to receive?

Last year for Bousquet-Odyno drilling started around April 26 some results were out May 30th with more in August. If IMG and Nelligan follow the same timeline we could have some results pretty quick here, more likely in June though.

I see the release of these next results as important because now that IMG is cashed up some and soon to be more I think it is reasonable timing for an offer from them or for another company to use the latest results as a push to get a deal for VSR and or the Nelligan completed.
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