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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

Comment by drzaconon Dec 06, 2023 9:54am
158 Views
Post# 35770764

RE:RE:RE:RE:RE:Maybe a better

RE:RE:RE:RE:RE:Maybe a better
I'm not saying there is no gold, I'm saying it's a gold deposit that won't be easy to develop. for the resource in place, see the following PR from VSR...
 
« The Nelligan gold project (on a 100-per-cent basis) hosts indicated mineral resources of two million ounces grading 0.84 g/t Au and inferred mineral resources containing 3.6 million ounces of gold grading 0.87 g/t Au (refer to Vanstar's news release dated Feb. 23, 2023).” (VSR - PR Dec 04-2023)

The N-43-101 never talk about proven resources...
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