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Vanstar Mining Resources Inc.
Summary
| Project: | Nelligan | |
|---|---|---|
| Deposit: | North Sector | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 3/14/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-3-2017: Vanstar Mining Resources Inc. announces an Exploration/Drilling Update report for its North Sector deposit at the Nelligan project. JV with IAMGOLD Corp. - drilling results incl. 34.5m @ 1.62g/t Au from 226.50m. According to the final drilling | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Giles Laverdiere (Not stated) | |
| ABSTRACT: | According to the final drilling results obtained by Vanstar Mining Resources Inc. (VSR-TSXV) from the 2016 autumn drill program, the management is able to confirm the occurrence of an extensive hydrothermal gold system in the northern sector of the Nelligan project, located in the ChapaisChibougamau area of the province of Quebec. Final assay results from the November 2016 diamond drilling program completed by project manager IAMGOLD Corporation (‘‘IAMGOLD’’) in the North Sector and totaling 2,225 metres from 5 diamond drill holes are now received. The drilling done during the 2016 winter and autumn drill programs shows that gold is found in an extensive gold anomalous, silicified, alteration zone of several hundred meters width. The current winter drilling is progressing well. To date, more than 3,500 metres were completed in January and February with eight holes completed to date. The amount of drilling in this program will depend on the weather conditions as an early spring could be anticipated. These holes aimed to test the lateral eastern extensions of the various mineralized zones intersected in 2016 in this sector and have intersected several zones of strong silicification and mineralization. | |
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