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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

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Post by garland on Sep 26, 2020 1:48pm

going forward

looking ahead to mid November this is a list of what  I expect to occur ( during our quiet period)

- waiting on IMG drilling results 5 - 6 holes of which a minimum of 1 to the west and 1 to the southeast (deep) will be hugely significant-all others will add to the 43-101 reserves

- Waiting on SUP - 15+ hole program with several direct offsets to our western claim block ( program is proceeding very quickly and meeting all objectives) could prove up 1.5 km of our untested claim block and push IMG into action ( or Newgold who owns 10% of SUP )

- Felix    Setting up to drill in November ( probably a five hole program, twin , to the north ,south ,east ,and west to a depth of at least 300m) ( 100%)  IF successful this project could be huge!!!
-  unlimited drilling ,we own the entire corridor .Iron formations were never tested for gold! let alone the massive sedimentary formations


WILD CARDS - IMG offer  by mid  November
                       - Felix property set up as a spinout and newco for shareholder incentive
                       - do our own 43-101 update for potential suitors ( not waiting on IMG )
                         - merger with Amex ( tax free rollover)



All in all, there is lots to look forward to even during our quiet period ( it will be exciting to drill Felix- we will be driving this boat!!!! - something we have not been able to do as I am sure we are all tired of being passengers

cheers
Comment by goldbug1965 on Sep 28, 2020 8:46am
Why would a MINORITY partner do it's own 43-101 ?!?! Is this guy for real ???
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