![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 |
The management of Vanstar Mining Resources Inc. ("Vanstar") (TSX VENTURE:VSR) announces the acquisition of the 50% interest held by Amseco Exploration Ltd. (TSX VENTURE:AEL) in the Cookie Monster project in exchange of $2,000 cash, 60,000 Vanstar common shares and a 1% NSR. This project covers an area of 1,450 hectares and is located east of the Monster Lake property owned by Tomagold and Quinto (joint-venture), in the area of Chapais-Chibougamau. Vantex Resources Ltd. (TSX VENTURE:VAX) holds the remaining 50% interest of the project. Vanstar also owns a 50% interest in the Little Monster project located between Cookie Monster and Monster Lake. Location map : http://media3.marketwire.com/docs/Location_map.JPG These two properties are located on the east boundary of the Tomagold- Quinto's project (Monster Lake) where many gold and copper showings were discovered in the 1970s (See Tomagold April 22, 2013 press release). Tomagold- Quinto released excellent results on Monster Lake in the last previous months, as follows : Best results fron the 325 zone (Monster Lake - Tomagold, February 20, 2013 press release) Hole Length Depth No. g/t Au (m) (m) M-25-11(i) 101.2 4.50 50 M-38-11(i) 7.2 3.00 80 M-37-11(i) 19.4 2.00 85 M-43-11(i) 11.1 1.00 103 M-13-94 11.5 5.30 187 M-13-93 33.6 5.85 217 M-13-95 42.0 7.20 278 (i)Old drill holes In the south-east extension of the properties, lies the Opawica-Guercheville deformation corridor which hosts many gold deposits such as Philibert (1.4 million MT @ 5.32 g/t Au- DV9301) and Meston Lake (1.225 milion MT @ 6.35 g/t Au - MB89-17) as well as the former Joe Mann mine (1.52 million MT @ 11 g/t Au - GM44408). North-east of Little and Cookie Monster, we can find the Chevrier deposits as well as many gold showings previously identified by Murgor Resources. Geological map : http://media3.marketwire.com/docs/Little_Cookie_Monster_Map.JPG The management of the Company is also evaluating other projects located in strategic mining areas like Kirkland Lake, Ontario and Rouyn-Noranda, Abitibi. The works will be supervised by Daniel Kelly, geological engineer and Qualified Person under NI 43-101. Otherwise, Vanstar signed agreements with Momentum PR and Avenue Capital Markets Inc.. Momentum PR, as an IR firm, will receive a monthly fee of $7,500 and 450,000 stock options at a price of $0.10 per share while Avenue Capital Markets Inc. will receive a monthly fee of $2,500 and 150,000 stock options at a price of $0.10 per share, for their financial business development services. These agreements are subject to the approval of regulatory authorities and the common shares to be issued are subject to a 4-month and 1 day minimum hold period. The content of this press release was read and approved by Daniel Kelly, Qualified Person under NI 43-101. FOR FURTHER INFORMATION PLEASE CONTACT: Guy Morissette CEO 819-763-5096 www.vanstarmining.com
1 Year Vanstar Mining Resources Chart |
1 Month Vanstar Mining Resources Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions