Vanstar Mining Resources Inc. (VSR.V)
| Previous Close | 0.7200 |
| Open | 0.7100 |
| Bid | 0.7000 x 0 |
| Ask | 0.7200 x 0 |
| Day's Range | 0.7100 - 0.7200 |
| 52 Week Range | 0.6500 - 1.7500 |
| Volume | 83,205 |
| Avg. Volume | 138,266 |
| Market Cap | 41.364M |
| Beta (5Y Monthly) | 0.84 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.0850 |
| Earnings Date | N/A |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | N/A |
- GlobeNewswire
Vanstar Announces Drilling Update on Felix
Figure 1: Felix Property IP Survey Area MONTREAL, June 01, 2021 (GLOBE NEWSWIRE) -- Vanstar Mining Resources Inc. (“Vanstar”, or the “Company”) (TSX.V - VSR) is pleased to announce that it has concluded an Induced Polarity (“IP”) survey on the Felix property. The IP survey focused on a western portion of the property underlain by a folded banded iron formation and preliminary results identified a number of chargeability anomalies that are consistent with previously reported MEGATEM conductors. As a result, the Company is refining phase 2 of its drill program on the property and intends to drill the targets as soon as possible. A drill rig has been secured that will be available to begin the program in September. Figure 1: Felix Property IP Survey Area https://www.globenewswire.com/NewsRoom/AttachmentNg/b7945a74-5262-499b-9fb8-2795aade5c25 In addition, phase one of the drill program did not return significant gold values. Phase one was designed to test a historical hole that was drilled in the late 1970’s which reported gold values ranging from 0.9 g/t to 1.8 g/t. The historic and phase one holes were drilled in metasediments and not in the iron formations that are the target of the phase two program. About the Felix Project The Felix project is located in an environment of volcanosedimentary origin comprising a unit of volcanic rock in the north, another in the south and the central part is occupied by sedimentary rocks. Late intrusions in the form of batholiths, plutons or dikes are also noted all around the property. The property rests mainly on the rocks of the Chicobi Group. The sedimentary basin contains mudstones and graphitic turbiditic sandstones, with a minor magnetite-chert and hematite-jasper banded iron formation and a conglomerate. A significant Algoma-type iron formation is present in the northern part of the property. The gold grades intersected in the historic drilling are located near the southern contact of the latter. In addition, the Chicobi-Nord regional fault crosses the northern part of the property. This fault, of regional dimension, borders the Normetal mining camp to the south. The project is located in the eastern extension of this mining camp where there are former massive sulphide mines and numerous gold showings, such as those of the former Perron gold mine which are actively worked on by Amex Exploration. Shear zones parallel to the Chicobi-Nord fault are also found in the sediments of the Chicobi Group and as evidenced by the Authier gold showings located west of the property. Mr. Gilles Laverdière, consultant geologist and qualified person under NI 43-101 has read and approved this press release. About Vanstar Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the “Discovery of the Year” award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters. The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content. SOURCE : JC St-AmourPresident and CEO+1 (647) 296-9871jc@vanstarmining.comwww.vanstarmining.com
- GlobeNewswire
Vanstar Announces Drilling Program on Nelligan
Figure 1 Proposed drill program MONTREAL, May 10, 2021 (GLOBE NEWSWIRE) -- Vanstar Mining Resources Inc. (“Vanstar”, or the “Company”) (TSX.V - VSR) is pleased to announce its joint venture partner IAMGOLD Corporation (“IAMGOLD” TSX-IMG) has secured a drill rig to complete a drill program on the Nelligan joint venture project (IAMGOLD 75%, Vanstar 25%) located 60 km southwest of Chibougamau, Quebec. The program is expected to begin in the month of June and the plan is to drill 9,000-10,000 m and will include both definition drilling in the main resource area as well as step-out drilling with a focus on the west extension of the known mineralization. This drilling will support the completion of a future updated resource estimate. Figure 1: Proposed drill program accompanying this announcement is available at:https://www.globenewswire.com/NewsRoom/AttachmentNg/5808033d-1984-41f4-8bbf-e2b4f2bcddd6 In addition, exploration activities will also continue to identify and evaluate new targets. Preliminary results from a partial glacial till sampling survey completed in November 2020 and from an IP survey executed this winter have been received and have defined new exploration targets elsewhere on the joint venture property. Additional till sampling is planned and the defined targets will be field-checked this summer in conjunction with a detailed geological and structural mapping program. About the Nelligan Project The Nelligan Gold Project is held under an earn-in option to joint venture between IAMGOLD (75%) and Vanstar (25%). IAMGOLD has an option to acquire an additional interest of 5%, to hold an 80% interest in the Nelligan project by completing and delivering a Feasibility Study. Vanstar would then retain a 20% undivided non-contributory carried interest until the commencement of commercial production, after which: (1) the 20% undivided interest becomes participating; and (2) Vanstar will pay its attributable portion of the total development and construction costs to the commencement of commercial production from 80% of its share of any ongoing distributions from the Joint Venture. Vanstar will also retain a 1% NSR royalty on selected claims of the project. Mr. Gilles Laverdière, consultant geologist and qualified person under NI 43-101 has read and approved this press release. About Vanstar Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the “Discovery of the Year” award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters. The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content. SOURCE : JC St-AmourPresident and CEO+1 (647) 296-9871jc@vanstarmining.comwww.vanstarmining.com
- GlobeNewswire
Vanstar Upgrades to OTCQX Market
MONTREAL, May 05, 2021 (GLOBE NEWSWIRE) -- Vanstar Mining Resources Inc. (“Vanstar”, or the “Company”) (TSX.V - VSR) (OTCQX: VMNGF) (FRA: 1V8) is pleased announce that it has qualified to trade on the OTCQX® Best Market. Vanstar Mining Resources, Inc. upgraded to OTCQX from the Pink® market and began trading today on the OTCQX under the symbol VMNGF. JC St-Amour, President and CEO of Vanstar Mining commented, “Our US investor base is an important group of shareholders and I am pleased to have upgraded to the OTCQX Market to provide more transparency and increase our exposure to one of the largest markets globally. Vanstar has several highly prospective gold properties in Quebec including our flagship property the Nelligan project which we jointly own and are developing with IAMGOLD. The Nelligan project hosts a world class gold deposit, is located in one of the best mining jurisdictions in the world and is being jointly explored and developed by a successful and experienced mining Company, IAMGOLD. This year promises to be an exciting year for Vanstar with exploration results expected from Nelligan and our other gold properties.” Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws. About Vanstar Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and 1% NSR. The Nelligan Project won the “Discovery of the Year” award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,677 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters. The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content. SOURCE : JC St-AmourPresident and CEO+1 (647) 296-9871jc@vanstarmining.com www.vanstarmining.com
