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Vanstar has a 25% (IAMGOLD 75%) free carried interest in the Nelligan Project in Quebec. It is one of the largest exploration projects in the province with a resource of 5.6 million ounces of gold, currently being drilled for expansion.





 

Bullboard - Investor 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. > Today's 2 press releases...
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Post by Jacksprat3 on Aug 17, 2023 10:41am

Today's 2 press releases...

Are they significant for VSR in the short term?  The interdiate term?  The long term?  Or are they just a ho-hum type of releases?
Comment by SPACEDOC on Aug 17, 2023 11:00am
The second one was a rehash of known stuff previously out there The first blue sky..no down side but LOOOOOOOOOOOOOOOOOONNNNNNNNNNNGGGG term
Comment by Diajohn19 on Aug 17, 2023 11:27am
what is interesting in this transaction is that it gives VSR exposure to the entire MOC portfolio and potential discoveries https://mosaicminerals.ca/lithium-projects/
Comment by Diajohn19 on Aug 17, 2023 11:29am
https://mosaicminerals.ca/lithium-projects/
Comment by unclebobby on Aug 17, 2023 1:12pm
Seems to be a lazy company giving away properties, too lazy to do anything for themselves.  Making it harder for company takeover.  Hopefully  Mr.MOORE  can help get their act together to make it worthwhile for shareholders,  they've been waiting a long time , with no added value to the share price,  but a decline in their investment 
Comment by SPACEDOC on Aug 17, 2023 2:16pm
Very little money and Nelligan is free ride. Why dilute and so things yourself?
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Investment Opportunity

INVESTMENT OPPORTUNITY

  • Free carried interest through to production on the Nelligan project means no capital required
  • Advanced exploration project with a 5.6 million ounce resource and growing
  • IAMGOLD commenced 10,000m drill program on the Nelligan project to grow resource
  • Trading at <US$12/oz in the ground
  • Well capitalized and financed

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Vanstar Mining Resources Inc.

410 rue Saint-Nicolas, Suite 236
Montréal (Québec)
Canada, H2Y 2P5

+1 514-312-4713
info@vanstarmining.com