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VSR Vanstar Mining Resources Inc

0.67
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vanstar Mining Resources Inc TSXV:VSR TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.67 0.40 0.69 0 01:00:00

VANSTAR ANNOUNCES A TEMPORARY STOP OF THE DRILLING WORK PROGRAM ON NELLIGAN

25/03/2020 1:30pm

GlobeNewswire Inc.


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According to the new directives issued by the Ministère de la Santé et des Services Sociaux (MSSS) of Québec Province , the management of the company announces that its partner IAMGOLD Corporation has temporarily stopped the diamond drilling work in progress on the Nelligan project, located in the Chapais-Chibougamau region, in northern Quebec. 

The work should resume as soon as the situation related to the Covid19 will be in better control and safer for the workers.

Approximately 5,000 meters were completed before the work stopped. As laboratories are also affected by this mandatory shutdown, the results should take longer than usual.

The company continues to evaluate other gold projects it plans to add to its portfolio, however. It should be noted that current events can also bring certain opportunities for acquiring gold projects at a lower cost.

« This unfortunate and terrible situation can bring its share of unhappiness without warning. It is therefore strongly recommended that everyone avoid as much contact as possible which could spread this virus. We are very sorry for these circumstances and hope that everything will be back to normal as soon as possible »  to mention the company’s CEO, Mr. Guy Morissette.

This press release was read and approved by Gilles Laverdière, consulting geologist and qualified person according to the NI 43-101 Canadian standard.

The TSX Venture Exchange and its regulator (as defined in the TSX Venture Exchange policies) accept no responsibility for the truthfulness or accuracy of its content.

Sources:Sébastien Plouffe, VP – Public Relationssplouffe@vanstarmining.com  514-947-2272Gary Claytens, VP - Western Corporate Development 604-761-3233info@rvanstar.com(www.vanstarmining.com)

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