- Vanstar Mining (VSR) achieved an exploration milestone
- The Quebec-based mineral exploration company intersected 9 metres of 3.96 grams of gold per tonne of material at its Bousquet-Odyno Project
- The company has now received results from seven holes to date which confirm continuity of mineralization at depth in the main zone of the project
- They also show additional mineralization outside of the main zone
- Vanstar Mining is unchanged, trading at $0.36 at 3:05 pm ET
Vanstar Mining (VSR) achieved an exploration milestone.
The Quebec-based mineral exploration company intersected 9 metres of 3.96 grams of gold per tonne of material at its Bousquet-Odyno Project.
The company has now received results from seven holes to date which confirm continuity of mineralization at depth in the main zone of the project. They also show additional mineralization outside of the main zone.
“The current drill program is progressing very well and today’s results are improving our understanding of the gold zones on the property. Hole BO-22-76 is interesting as historical drilling in the area had not returned significant results and it is possible that this is a new ore shoot. We plan to follow up with additional drilling in this area. Also of note, holes BO-22-64 through 67 are in a lower-grade area which seems to connect the higher-grade gold shoots of the main zone, allowing for a bulk tonnage target to be developed. Again, more drilling is needed to confirm, but the project’s proximity to infrastructure and operating gold mills would reduce future development capital expenditure,” said President and CEO J.C. St-Amour.
The Bousquet-Odyno Project is made up of 37 contiguous mining claims covering approximately 1,492 hectares in Quebec’s Abitibi Greenstone Belt.
Vanstar Mining is unchanged, trading at $0.36 at 3:05 pm ET.
