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Bullboard - Stock Discussion Forum 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... see more

TSXV:VSR - Post Discussion

Vanstar Mining Resources Inc. > nelligan and SUP
View:
Post by garland on Aug 27, 2020 1:06am

nelligan and SUP

The first thing you must do is read the SUP corporate presentation - excellent graphics (pages 38 - 40) Explains everything with regards to Nelligan . Sup has bent their pick twice already on their land but they had one good lead in Hole LCS-19 -008-  15.15m@1.48g/t. This was the most northerly hole drilled on the south limb of the low mag anomaly. Now they are going to drill a dozen holes on the north limb where the Renard zone is situated at Nelligan. In my opinion this is where they should have drilled earlier (and deeper ) to have the best chance of finding another Nelligan. This will be an interesting program - one would think they should find something . If they do , it would be close enough to our western claim boundary to have significant impact on the remaining undrilled 1.5km stretch on our land - giving it huge potential should IMG ever decide to get off their butt and drill this block!! I see SUP as a good calculated gamble . They have found good leads and as we all know - you have to drill to find anything. Also note , their mag anomaly is every bit as good as ours and everywhere we have drilled this mag low we have found gold! at  Nelligan.. SUP activity only creates more excitment within the  Nelligan deformation- sedimentary corridor. This is good for us. I await their drilling results with eagar anticipation! All this has caught  Peter's attention.
Comment by RazorRamone777 on Aug 27, 2020 8:56am
Thank you Garland, after studying the SUP CP, I have a much clearer understanding of the excitement. You and others who share their knowlege and help mentor us armchair geologists, and Monday morning quarterbacks, make this a fun and fascinating hobby. I appreciate you calling this a good calculated "gamble". I have heard PG say many times, investing in the Jrs is "gambling" so ...more  
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