InvestmentPitch Media Video Discusses Vanstar Mining Resources’ Drill Results from the Nelligan Property in Northern Quebec with Multiple Holes Reporting Higher-Than-Average Gold Grade and Width
July 07 2022 - 6:00AM
Vanstar Mining Resources (TSXV:VSR) (OTCQX:VMNGF) (FSE:1V8), a gold
exploration company, announced assay results from its 2022 winter
diamond drill program at its Nelligan joint venture project in
Northern Quebec. Vanstar owns a 25% interest and a 1% NSR in the
Nelligan project, which won the "Discovery of the Year" award at
the 2019 Quebec Mineral Exploration Association Xplor Gala, with
IAMGOLD holding the other 75%.
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The Nelligan Gold project hosts Inferred Mineral
Resources containing 3.2 million ounces of gold grading 1.02 grams
per tonne gold, with Vanstar having a 25% share.
The 2022 winter diamond drill program, completed
by IAMGOLD, consisted of 4,714 metres in 8 holes, with the company
reporting that nearly all the holes intercepted multiple wide
intercepts of gold mineralization at higher-than-average
grades.
Highlights include:
Hole NE-22-194
- 7.9 m of 6.71 g/t gold
- 41.3 m of 1.38 g/t gold
- 69 m of 2.24 g/t gold, and
- 35 m of 1.64 g/t gold
Hole NE-22-192
- 28.0 m of 0.96 g/t gold
- 52.3 m of 1.60 g/t gold, and
- 25.5 m of 1.35 g/t gold
Hole NE-22-193
- 16.5 m of 2.58 g/t gold
- 13.9 m of 4.71 g/t gold
- 57.6 m of 1.38 g/t gold, and
- 48 m of 1.08 g/t gold
Hole NE-22-198
- 27.9 m of 2.31 g/t gold and
- 23.8 m of 3.21 g/t gold
Vanstar has several properties located in Northern
Québec at different stages of development. Vanstar is earning 75%
into the Bousquet-Odyno project located along the Cadillac Break.
Vanstar also owns 100% of the Felix property in the Chicobi Group,
the Amanda property, a 7,306 hectare property located on the
Auclair formation with historic gold showings up to 12.1 g/t gold
over 3 metres, and the Frida and Eva properties located in the
James Bay area.
The shares are trading at $0.37. For more
information, please visit the company’s website at
www.VanstarMining.com, contact JC St-Amour, President and CEO, at
647-296-9871 or email jc@VanstarMining.com.
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video is for the viewers information only. Vanstar Mining Resources
has paid a fee not exceeding $2,000 in cash to have its current
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