Vanstar Mining Resources Inc. (TSX-V: VSR) (OTCQX: VMNGF) (FSE: 1V8) is pleased to announce final results from its drill program at the Bousquet-Odyno project. The drill program totaled 32 holes for 9,127 metres and the results announced today include data from 19 drill holes which continue to intersect wide stringer zones in the 5 identified mineralized zones on the property.
Highlights reported include:
BO-22-73: 31.5 m @ 1.36 g/t Au, including 13.5 m @ 2.44 g/t Au
BO-22-94: 13.5 m @ 1.12 g/t Au
BO-22-69: 10.5 @ 2.31 g/t Au, and 6.40 m @ 3.41 g/t Au
BO-22-68: 6.00 m @ 3.00 g/t Au, and 9.00 m @ 1.22 g/t Au
BO-22-70: 16.00 m @ 1.20 g/t Au
BO-22-85: 15.00 m @ 1.27 g/t Au
Drilling in 2022, as reported today and on May 30, June 20, and August 31, 2022, identified wide intersects of mineralized quartz stringer zones near surface in most zones as well as high grade zones that are open to depth. The Main Zone and Zones A and C are of particular interest given their wide near surface intercepts.
All zones justify further drilling with targets at depth and to verify the presence of mineralized cross-structures. Zones A and D are associated with conglomerate units that extend to the western boundary of the property with only a few drill holes on this sedimentary sequence and offer additional targets area to the west. See Figure 1 for a plan map indicating the location of released holes and Table 1 for a list of results from the 2022 drill program.
J.C. St-Amour, President and CEO, said “Our drilling program allowed us to identify multiple stacked near surface mineralized gold zones and brings the combined strike length of the system to 800 m. Every hole drilled in this program encountered gold mineralization and has yielded additional targets for future drilling. The presence of wide mineralized stringer zones near surface offer promising opportunities for future development and there remains significant potential for high grade gold discoveries at depth, as has been demonstrated by other mines along the Cadillac Break.”
The Bousquet-Odyno project is located approximately 6 km from IAMGOLD Corporation’s 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
*True widths are estimated at 65 to 95% of the core interval.
Table 2: Drill Hole information 2022 Bousquet-Odyno Drill
Mr. Gilles Laverdière, P.Geo, consultant geologist and qualified person under NI 43-101 has read and approved this press release.
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.
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 historical gold showings up to 12.1 g/t Au over 3 meters, and the Frida and Eva properties located in the James Bay area.
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