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Vanstar Mining Reports Drilling Intersections of 3.59 g /1 Au Over 42.1 Metres and 5.69 g /1 Au Over 27.8 Metres From the Nelligan Project

Mining News - Published on Wed, 16 Jan 2019

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The management of Vanstar Mining Resources Inc announced that IAMGOLD Corporation, Vanstar's partner in the development of the Nelligan gold project, intersected a series of significant drill results from the Renard zone. These results come from 9 drill holes for a total of 4,497 metres.

The assay results highlights

Drill hole NE-18-91: 22.0 metres grading 1.43 g /1 Au And 32.9 metres grading 1.28 g /1 Au And 57.5 metres grading 1.87 g /1 Au

Drill hole NE-18-93: Including: 12.7 metres grading 3.98 g /1 Au 55.0 metres grading 1.47 g /1 Au

Drill hole NE-18-95: Including: 4.5 metres grading 4.88 g /1 Au 42.1 metres grading 3.59 g /1 Au Including: 3.0 metres grading 12.8 g /1 Au

Drill hole NE-18-96: 27.8 metres grading 5.69 g /1 Au Including: 6.8 metres grading 19.9 g /1 Au And 17.8 metres grading 1.66 g /1 Au

Drill hole NE-18-97: 17.5 metres grading 1.49 g /1 Au 32.4 metres grading 1.10 g /1 Au 44.5 metres grading 1.61 g /1 Au
Including : 10.5 metres grading 4.16 g /t Au

Drill hole NE-18-98 : 14 metres grading 5.04 g/t Au
Including : 4 metres grading 9.79 g/t Au
And : 16.50 metres grading 1.16 g/t Au

Drill hole NE-18-99: 16.1 metres grading 2.42 g /1 Au
And 40.4 metres grading 2.35 g /1 Au

Guy Morissette, CEO of Vanstar, said "We are very satisfied with the results generated and very optimistic on the gold potential of the Nelligan project. This project increasingly shows that it has the possibility to become one of the most promising gold projects in Quebec, if not in Canada. We are in the presence of 4 important gold zones, including the Renard zone, which are integrated within a vast hydrothermal gold system that remains open in all directions. We are excited to start the next season, which we hope will be as productive and encouraging as 2018."

Craig MacDougall, Senior Vice President, Exploration for IAMGOLD, stated: “The 2018 drilling program has delivered encouraging results in all the drill holes completed this year, confirming and extending the wide zones of alteration and associated mineralization identified from previous programs. Four mineralized zones were outlined through the recent drilling campaigns, the most significant to date being the Renard system, and all zones remain open for potential extensions. These results will be used to refine a preliminary deposit model to help guide future drilling campaigns and support the completion of an initial resource estimate planned in the coming months."

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Posted By : Rabi Wangkhem on Wed, 16 Jan 2019
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