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VSR Vanstar Mining Resources Inc

0.67
0.00 (0.00%)
20 May 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 Updates on Liam Drilling

14/04/2014 2:00pm

Marketwired Canada


The management of Vanstar Mining Resources Inc. (TSX VENTURE:VSR) announces the
completion of 8 drill holes on the Nelligan project. 7 holes were on the Liam
zone and one on the Mila zone. Three drill holes were done to verify the east
extension of the Liam zone. Three other drill holes were located under drill
holes NE13-09, LI14-16 and LI14-17 while another one was completed under the
section of drill holes NE13-04 and NE13-07. These 4 drill holes were completed
in order to verify the extension at depth of this gold zone. The majority of the
drill holes succeeded in intersecting the targeted mineralized horizons
corresponding to the Liam gold zone. Drill hole LI14-17 was abandoned due to the
displacement of the casing. 


Another drill hole was located 100 metres west of the Mila zone and intersected
many fracturing and faults zones. 


Drill holes LI17-A and LI14-18 also retraced new altered and mineralized zones
containing molybdenum. In this area of the Liam zone, the presence of molybdenum
is usually an indicator for gold. Drill hole LI14-21, the deepest hole performed
on the Liam zone, intersected the targeted zone on widths of more than 30
meters, containing even more molybdenum. 


"We are optimistic with what we observed in the latest drill holes. Molybdenum
seems to be more present at depth which bodes well for the gold continuation of
the Liam zone." stated Mr. Guy Morissette, CEO of the company.


The drilling campaign should continue into the coming weeks. Five additional
drill holes are planed for the Liam, Mila and du lac d'Eu zones for a total of
1,000 additional meters. Management will start this new phase as soon as the
pending assays are compiled.


Samples were recorded, packaged and sent to the certified Lab Expert Inc.
facility in Rouyn-Noranda. They were assayed for gold by FAA on a 30 gram pulp.
Sample exceeding 1 g/t Au were re-assayed by FA with a gravity finish. Company's
QA/QC procedures include random insertions of certified standard material and
blanks as well as the use of duplicates. NQ size core was described, sampled and
split in two at the company's logging facility in Rouyn-Noranda. 


Monster Island property. 

Management also entered into an option agreement on its Monster Island project
located on sheet NTS 32G10, with Golden Share Mining Corporation ("GSH") in
exchange of $45,000 in cash, 450,000 shares of GSH and a work commitment of
$350,000 over 3 years. If GSH fulfills all of its commitments, it will then own
100% of the project. Vanstar retains a 2% NSR which 1% is redeemable for
$1,000,000. 


The work was performed under the supervision of Daniel Kelly, consulting
geologist and Qualified Person under NI 43-101. This press release was read and
approved by Daniel Kelly.  


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Guy Morissette
CEO
gmvanstar@gmail.com
819-763-5096
www.vanstarmining.com

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