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Vanstar Mining Resources Inc.
Summary
| Project: | Nelligan | |
|---|---|---|
| Deposit: | North Sector, Liam Sector | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/1/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 1-6-2017: Vanstar Mining Resources Inc. announces an Exploration/Drilling Update report for its North Sector, Liam Sector deposit at the Nelligan project. JV with IAMGOLD Corp. - drilling results incl. 29.90m @ 1.29g/t Au from 333.30m. La Prairie, June 1, | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Giles Laverdiere (Not stated) | |
| ABSTRACT: | La Prairie, June 1, 2017. The management of Vanstar Mining Resources is pleased to confirm the discovery of a potential new gold horizon located between the Liam and North Sector zones, on Nelligan Project, located in the Chapais‐Chibougameau mining area. According to preliminary interpretation, the results from holes NE‐17 55 and NE‐17‐56 have extended what is now referred as Zone 36 which was previously intersected by hole NE‐16‐36 in 2016 with 3.20 g/t Au over 17.97 metres, including 6.78 g/t Au over 4.2 metres. Winter 2017 drilling highlights include: 1.16 g/t Au over 23.96 metres in hole NE‐17‐55 including 2.34 g/t Au over 5.4 metres and 3.23 g/t Au over 7.99 metres in hole NE‐17‐56. IAMGOLD Corporation has provided assay results from the first seven drill holes, totaling just over 2,700 metres, from a total of 17 diamond drill holes, totaling 7,669 metres, completed this past winter. «These early results from the 2017 winter drilling campaign continue to confirm the presence of a large gold system associated with the original discovered zones such as the Liam. To date, drilling has identified additional new gold zones as evidenced by the Renard and Zone 36 discoveries. It is clear that the Nelligan project will require further drilling to assess the economic potential of these new discoveries. We are very pleased to have IAMGOLD as a partner and recognize that the ongoing reporting of assay results has been impacted by the time required to log and sample wide intersection of altered and mineralized core and capacity constraints at local assay lab facilities » said Mr. Guy Morissette, president of the company. | |
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