Vanstar Mining Announces Additional Drill Results and Identifies New Zone at Bousquet-Odyno

 

Montreal, August 31, 2022 – InvestorsHub NewsWire -- Vanstar Mining Resources Inc. (TSX.V:VSR) (OTCQX:VMNGF) (FSE:1V8)  ("Vanstar", or the "Company") is pleased to announce additional results from its drill program at Bousquet-Odyno project. The results received to date have identified at least 5 mineralized zones, including a newly defined zone to the south-west of the Main zone (the "Zone D"). Today's results include data from 17 drill holes, with assay results pending from a further 14 holes.

 

Highlights include:

 

Zone A

BO-22-81: 27.0 m @ 1.36 g/t Au, including 13.5 m @ 2.05 g/t Au, and including 6.0 m @ 3.18 g/t Au

 

Main Zone

BO-22-88: 7.5 m @ 1.99 g/t Au

 

Zone D

BO-22-80: 10.5 m @ 2.00 g/t Au, including 6.0 m @ 2.97 g/t Au

BO-22-78: 9.5 m @ 1.37 g/t Au, including 3.5 m @ 2.52 g/t Au

 

Drilling in 2022 has identified wide intercepts of mineralized quartz stringer zones in most zones. In the main zone, drilling has both identified broad high-grade gold at depth (see previous new releases on May 30, 2022 and June 20, 2022) and has defined continuity of multiple stringer zones. Zone A includes one of the widest intercepts on the project with 27 m grading 1.36 g/t Au in hole BO-22-81. The newly defined Zone D is of particular interest where holes BO-22-78 and 80 have intercepted 9.5 m grading 1.37 g/t Au and 10.5 m grading 2.00 g/t Au, respectively, in proximity of historical hole 80-3, which intercepted 6.0 m grading 3.38 g/t Au. This zone may be a faulted continuation of the Main Zone with potential to expand or it can also be a cross-structure which opens new targets. See Figure 1 for a plan map indicating the location of released hole and Table 1 for a list of results to date from the current drill program.

 

J.C. St-Amour, President and CEO, said "We are pleased with the results of the drill program to date. We are finding more wide intercepts of mineralized stringer zones that complement previously reported high grade intervals on the property. In addition to highlighting high-grade potential at depth, all zones remain open along strike with the possibility that they may join. Zone D is a newly defined area with multiple wide intercepts of mineralization with significant growth potential. In addition, drilling completed to date has been relatively shallow in comparison to other mines in the region."

 

The drill program is now complete and a number of samples are currently in the lab pending analysis. Results announced to date represent approximately 5,300 m of a total of 9,136 m drilled in this program. The Company will announce further results as they become available.

 

The Bousquet-Odyno project is located approximately 6 km from IAMGOLD Corporation's ("IAMGOLD") Westwood mine and processing facilities. The following video demonstrates the proximity of the Bousquet Odyno  project to regional infrastructure and the Westwood mill.

 

Figure 1: Plan map of the Bousquet-Odyno Project indicating drill hole location.

 

 

Table 1: Results from the 2022 Bousquet-Odyno Drill Program including previously released holes

HOLE #

FROM           (m)

TO                  (m)

LENGTH                (m)

AU                         (g/t)

Metal Factor (g/t)

Zone

 

 

 

 

 

 

 

 

 

BO-22-63

212.9

213.4

0.50

2.08

1

Main

Previously reported

and

215.5

217.0

1.50

1.99

3

 

Previously reported

and

226.0

226.6

0.60

0.58

 

 

 

and

229.0

230.5

1.50

1.70

3

 

Previously reported

and

301.0

322.0

21.00

5.23

110

 

Previously reported

incl.

308.5

319.0

10.50

10.14

107

 

Previously reported

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-64

104.0

112.0

8.00

1.78

14

Main

Previously reported

incl.

106.0

109.5

3.50

3.53

12

 

Previously reported

and

140.5

142.0

1.50

0.62

1

 

 

and

145.0

146.5

1.50

8.40

13

 

 

and

161.5

165.0

3.50

1.14

4

 

 

and

182.0

183.0

1.00

0.54

1

 

 

and

211.0

212.5

1.50

0.77

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-65

196.8

199.2

2.40

1.77

4

Main

Previously reported

and

224.5

225.3

0.80

0.82

1

 

 

and

229.9

230.4

0.50

0.82

0

 

 

and

239.0

242.5

3.50

1.26

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-66

245.5

247.0

1.50

1.05

2

Main

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-67

209.5

226.0

16.50

1.16

19

Main

Previously reported

incl.

209.5

215.5

6.00

1.42

9

 

Previously reported

incl.

220.9

226.0

5.10

1.76

9

 

Previously reported

and

234.0

237.8

3.80

1.75

7

 

 

and

247.0

248.5

1.50

0.69

1

 

 

 

 

 

 

 

 

 

 

BO-22-74

52.0

53.5

1.50

0.85

1

A

 

 

91.0

92.0

1.00

0.85

1

 

 

 

113.5

115.0

1.50

0.66

1

 

 

and

169.0

170.5

1.50

0.58

1

 

 

and

317.5

322.0

4.50

1.70

8

 

Previously reported

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-75

16.0

19.0

3.00

0.86

3

B

Previously reported

incl.

17.5

19.0

1.50

1.01

2

 

 

and

50.5

52.0

1.50

1.16

2

 

 

and

64.3

74.7

10.40

0.77

8

 

 

and

81.0

89.5

8.50

0.84

7

 

Previously reported

and

135.0

136.15

1.15

1.68

2

 

 

and

143.5

145.0

1.50

0.52

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-76

59.5

68.5

9.00

3.96

36

A

Previously reported

and

70.0

73.0

3.00

0.94

3

 

 

and

86.5

92.5

6.00

0.81

5

 

 

and

116.5

118.0

1.50

0.51

1

 

 

and

121.0

122.5

1.50

0.86

1

 

 

and

125.5

127.0

1.50

0.55

1

 

 

and

131.5

133.0

1.50

0.91

1

 

 

and

139.0

140.5

1.50

0.56

1

 

 

and

323.5

325.0

1.50

0.59

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-77

92.0

93.6

1.60

1.74

3

A

 

and

98.1

99.6

1.50

1.47

2

 

 

and

271.0

272.5

1.50

0.89

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-78

23.5

33.0

9.50

1.37

13

D

 

Including

29.5

33.0

3.50

2.52

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-79

91.0

92.5

1.50

0.88

1

D

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-80

121.0

131.5

10.50

2.00

21

D

 

Including

121.0

127.0

6.00

2.97

18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-81

61.0

64.0

3.00

1.42

4

A

 

 

73.0

100.0

27.00

1.36

37

 

 

Including

73.0

86.5

13.50

2.05

28

 

 

Including

80.5

86.5

6.00

3.18

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-88

250.0

257.5

7.50

1.99

15

Main

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-91

270.5

275.5

5.00

0.88

4

Main

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-92

278.0

284.0

6.00

0.87

5

Main

 

 

318.0

319.0

1.00

0.52

1

 

 

 

322.0

323.5

1.50

1.06

2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-93

103.0

106.0

3.00

0.69

2

Main

 

 

110.5

116.5

6.00

0.92

6

 

 

 

121.0

123.0

2.00

1.97

4

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BO-22-94

210.7

214.2

3.50

1.66

6

Main

 

 

 

 

 

 

 

 

 

*True widths are estimated at 65 to 95% of the core interval.
*Holes BO-22-68 to 73, and 82-89 are pending

 

Table 2: Drill Hole information 2022 Bousquet-Odyno Drill Program

HOLE-ID

EASTING

NORTHING

ELEVATION

AZIMUTH

DIP

EOH

BO-22-63

678417

5344358

357

350

-70

340

BO-22-64

678547

5344521

356

350

-70

377

BO-22-65

678586

5344500

352

343

-63

274

BO-22-67

678636

5344499

350

345

-55

298

BO-22-74

678051

5344412

339

180

-45

358

BO-22-75

678109

5344451

339

142

-45

325

BO-22-76

678119

5344282

339

142

-45

325

BO-22-77

677970

5344200

337

157

-45

316

BO-22-78

677372

5344032

339

343

-54

250

BO-22-79

677309

5344070

326

343

-54

139

BO-22-80

677315

5343999

325

343

-54

226

BO-22-81

678091

5344259

341

167

-50

199

BO-22-88

678559

5344451

347

350

-65

352

BO-22-91

678647

5344450

350

350

-55

400

BO-22-92

678751

5344611

350

345

-66

349

BO-22-93

678117

5344285

342

142

-70

208

BO-22-94

678068

5344413

350

142

-69

325

 

Qualified Person

 

Mr. Gilles Laverdière, P.Geo, consultant geologist and qualified person under NI 43-101 has read and approved this press release.

 

About Bousquet-Odyno

 

Bousquet-Odyno is comprised of 37 contiguous mining claims covering approximately 1,492 ha and is located directly south of highway 117 between the towns of Rouyn-Noranda and Malartic in the Province of Quebec. The Property lies within the Abitibi greenstone gold belt, along the Cadillac break, a prolific gold bearing regional structure that has produced 100 million ounces of gold since 1900. Vanstar can earn a 75% interest in the project from IAMGOLD by spending $4 million over four years. IAMGOLD will have the right to back-in to 50% of the project.

 

About Vanstar

 

Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company owns a 25% interest in the Nelligan project (3.2 million inferred ounces Au, NI 43-101 October 2019) and a 1% NSR. The Nelligan Project won the "Discovery of the Year" award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar is also earning 75% into the Bousquet-Odyno project located along the Cadillac Break and owns 100% of the Felix property in the Chicobi Group (Abitibi mining camp, 65 km East of Amex Perron property), the Amanda property, a 7,306 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters, and the Frida and Eva properties located in the James Bay area.

 

Source :

 

JC St-Amour.
President and CEO
+1 (647) 296-9871
jc@vanstarmining.com

www.vanstarmining.com

 

The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the TSX Venture Exchange Policies) do not accept any responsibility for the truth or accuracy of its content.

 

FORWARD LOOKING STATEMENTS:

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

 

 

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