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Vanstar Mining Resources Inc.
Summary
| Project: | Nelligan | |
|---|---|---|
| Deposit: | Nelligan | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 9/5/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 5-9-2017: Vanstar Mining Resources Inc. announces an Exploration/Drilling Update report for its Nelligan deposit at the Nelligan project. JV with IAMGOLD Corp. - drilling results incl. 12m @ 2.78g/t Au from 343.5m. La Prairie, September 5, 2017. The mana | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Gilles Laverdiere (Not stated) | |
| ABSTRACT: | La Prairie, September 5, 2017. The management of Vanstar Mining Resources Inc. ( VSR‐TSX.V – 1V8 ) is pleased to report the last drilling results from an additional ten diamond drill holes totaling just over 4,400 metres from the 7,669 metres program completed on the project last winter by IAMGOLD Corporation. These results confirm an extension to the west of the Renard zone structure over 1.3 km associated with a large hydrothermal gold system that is now drill intersected over 2.3 km strike length. This gold corridor corresponds to a Magnetic low anomaly and remains open along strike and at depth. A number of gold bearing zones are observed to occur within the larger hydrothermal system. The drilling results are summarized below and provided in the attached Table. Drill hole NE‐17‐64 located at 0.7 km west of drill hole NE‐16‐48 in the Renard zone, returned a grade of 2.78 g/t Au over 11.28 m as well as 1.13 g/t Au over 5.64 m while drill hole NE‐17‐61, located 1.3 km from NE‐16‐48, intersected a grade of 1.21 g/t Au over 9.52 m. Drill hole NE‐17‐62 intersected the Renard zone with grades of 2.01 g/t Au over 34.27 m, including 2.88 g/t Au over 20.43 m and 4.43 m at a grade of 7.66 g/t Au. This drill hole also intersected another gold zone grading 2.38 g/t Au over 11.59 m. This drill hole confirmed the depth extension of drill hole NE‐16‐48 which previously returned 3.19 g/t Au over 11.69 m and 1.62 g/t Au over 32.42 m including 3.26 g/t Au over 8.46 m ( see March 14, 2017 press release ). “ We are very impressed by the apparent size of this large hydrothermal gold system. The latest results show gold mineralization extending to the west and at depth, and it remains open. The encouraging results received to date continue to demonstrate the gold potential of this project. A significant drilling campaign will be required to fully evaluate this large system” stated Mr. Guy Morissette, CEO of Vanstar. IAMGOLD Corporation, the project operator and Vanstar’s joint venture partner on this project, is now compiling and analyzing all of the data obtained in order to plan the next phase of exploration. | |
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