Bullboard - Stock Discussion Forum Vanstar Mining Resources Inc. V.VSR

Metals & Mining Gold

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. > re: drilling

View:

Post by garland on May 27, 2022 9:29pm

re: drilling

Calder drilling proceeding well - making very good progress - almost finished the first program - appear to have a very efficient rig - would expect some assays on the first holes shortly - hopefully next week with the first batch looking for gold in every hole as this is essentially an infill development project with the goal of adding ounces to an existing resource - of which VSR will eventually have to do the initial 43-101 resource calculation to determine the approximate number of ounces in the ground - when that comes ( likely after the second round of drilling) IMHO I anticipate between 250,000 - 400,000 ounces.- a good start to a mineable (decline ) resource for Westwood.

I will be looking for some good intercepts -especially at depth (250 - 300m) - the main exploration focus.- any economic intercept will help and based on the historical drilling offsets, there should be some nice numbers - - - and as always - waiting for the same from Nelligan

227

Comment

Comment by Cashcow49 on May 27, 2022 10:46pm

well if they come out with both results within a reasonable time this should move vsr back over a buck again, long time coming and soon gold season right after maybe new highs.

103

Comment