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VSR Vanstar Mining Resources Inc

0.67
0.00 (0.00%)
Last Updated: 01:00:00
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 Start of Work on Nelligan Propertie

22/08/2013 4:51pm

Marketwired Canada


The management of Vanstar Mining Resources Inc. (TSX VENTURE:VSR) announced the
resumption of its work on the Nelligan property, located in the
Chapais-Chibougamau area, in Northern Quebec. The first phase, which should be
followed by a program of drilling of approximately 3,000 meter, will consist of
a geological survey, magnetic survey and prospecting in the west and southwest
of the Nelligan gold zone part. (See map at
http://file.marketwire.com/release/VANSTAR_Mag_Nelligan_Maps_2500.pdf)


"We are very optimistic about the gold potential of the Nelligan project. A
dozen holes drilled in part by Vanstar in 2012 intersected an important
gold-bearing corridor on more than 700 meters long and more than 100 meters
wide. Several gold-bearing zones have been detected within it and according to
the magnetic geophysical survey; this corridor could continue for more than 1.7
km. Another significant magnetic anomaly more than 500 meters long is present
just south of the main zone. The geological environment, geophysical survey and
the presence of gold in our previous drilling seem very favorable to obtain
significant results during our next work" emphasized the Chairman of the company
Mr. Guy Morissette. 


The main fault lying in the western extension of the known gold zone will be the
priority target for the next campaign. The company will also test by drilling
magnetic targets including a magnetic anomaly more than 500 meters long located
a few hundred meters south of the main area.


The Nelligan project is composed of 36 cells in an area of about 2016 hectares.
It is located south of the important corridor of deformation
Opawica-Guercheville on which there is a significant number of gold showings as
well as several gold deposits such as those of Meston Lake, Joe Man and
Philibert. The basic work is expected to begin in the coming days. They will be
supervised by Matt Liard, geologist, as well as by Daniel Kelly, geologist and
consultant qualified according to the 43-101 compliant.


Vanstar is also pleased to announce the appointment of Ms. Liette Nadon as Chief
Financial Officer, effective immediately.


This press release was read and approved by Daniel Kelly. 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Source:
Guy Morissette
President and CEO
819-762-5035


Momentum Public Relations Inc.
Maxence Gagne-Godbout
450-332-6939

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1 Year Vanstar Mining Resources Chart

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