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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. > one last comment
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Post by garland on Apr 06, 2022 11:12pm

one last comment

One last thought on why I'm concentrating on the deep potential underneath the pitshell . Hole NE-20-157 was one of the deepest holes drilled to date.  It is centered directly south,southeast of the pitshell.  IMHO I believe most ( if not all) of the deep drilling program is centred around and underneath this drill hole .The hole reached a total (tvd) depth of 621m. The hole intersected SIX zones of gold mineralization :  16.4m@2.65g/t, 25.3m @1.33g/t, 39.1m @2.14g/t, 21.4m @1.68g/t, 34.5m@ 1.85g/t and 6.0m@4.59g/t . The hole ended in sediments ( sixth zone)  containing 12.85g/t !!!

There was a total of 143m of good gold mineralization in the hole  all outside the pitshell - more importantly , the hole ended in excellent gold mineralization ( 12.85g/t) and we have NO idea how much deeper ( thicker) this zone may be!!  All zones are wide open especially at depth !!

Six new exploration holes with similar results and spaced apart some 200-300m will get everyone's attention IMHO . ( if not,  the added hundreds of ounces certainly should)
Comment by Cashcow49 on Apr 07, 2022 12:49am
why would hundreds of ozs get attention when their 25% and 1% royalty of nelligan say 1.5 million ozs is priced at .37
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