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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 Feb 16, 2024 11:49am
120 Views
Post# 35884297

IMG Updates

IMG UpdatesIMG had a number of positive updates out yesterday, including a reserve and resource update where I think they increased the resource at the Nelligan.

I didn't double check to confirm, but I think the Nelligan was an increase, but I was happy the IMG reserves and resources overall are going up, that they made some money in 2023, that their two producing mines look to be moving in a positive direction from past issues, and, most importantly, that Cote is still on track for gold in March! and profits in 2024.
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