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Vanstar confirms auriferous hydrothermal system at Nelligan Project

Published by
Global Mining Review,

The management of Vanstar Mining Resources Inc. has reported the last drilling results from an additional ten diamond drill holes totaling just over 4400 m from the 7669 m programme completed on the project last winter by IAMGOLD Corporation. These results confirm an extension to the west of the Renard zone structure over 1.3 km associated with a large hydrothermal gold system that is now drill intersected over 2.3 km strike length. This gold corridor corresponds to a Magnetic low anomaly and remains open along strike and at depth. A number of gold bearing zones are observed to occur within the larger hydrothermal system.

Drill hole NE-17-64 located at 0.7 km west of drill hole NE-16-48 in the Renard zone, returned a grade of 2.78 g/t Au over 11.28 m as well as 1.13 g/t Au over 5.64 m while drill hole NE-17-61, located 1.3 km from NE-16-48, intersected a grade of 1.21 g/t Au over 9.52 m.

Drill hole NE-17-62 intersected the Renard zone with grades of 2.01 g/t Au over 34.27 m, including 2.88 g/t Au over 20.43 m and 4.43 m at a grade of 7.66 g/t Au. This drill hole also intersected another gold zone grading 2.38 g/t Au over 11.59 m. This drill hole confirmed the depth extension of drill hole NE-16-48 which previously returned 3.19 g/t Au over 11.69 m and 1.62 g/t Au over 32.42 m including 3.26 g/t Au over 8.46 m.

Drill holes NE-17-63, NE-17-65 and NE-17-66 were located to test the up-dip extensions of drill holes NE-16-46, NE-16-47 and NE-16-48. The 3 holes successfully intersected their respective targets, returning 1.68 g/t Au over 10.34 m, 1.16 g/t Au over 50.30 m including 2.62 g/t Au over 6.80 m as well as 2.83 g/t Au over 6.62 m including 8.73 g/t Au over 1.45 m. Several other gold intervals were also intersected in these holes as noted in the attached table.

"We are very impressed by the apparent size of this large hydrothermal gold system. The latest results show gold mineralisation extending to the west and at depth, and it remains open. The encouraging results received to date continue to demonstrate the gold potential of this project. A significant drilling campaign will be required to fully evaluate this large system," stated Mr. Guy Morissette, CEO of Vanstar.

IAMGOLD Corp., the project operator and Vanstar's joint venture partner on this project, is now compiling and analysing all of the data obtained in order to plan the next phase of exploration.

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