eva

Vanstar Acquires Additional Claims at Eva Project Based on Mag Survey Results

Vanstar Mining Resources Inc. ("Vanstar", or the "Company") (TSX.V - VSR) is pleased to announce that is has completed a high resolution airborne magnetic survey at its Eva and Frida projects located in the James Bay Region of Quebec. The survey at Eva highlights a prominent iron formation that is folded in the north. As a result, the Company has acquired additional prospective claims (see Figure 1 below). At Frida, a number of magnetic anomalies are present along trend between Quebec Precious Metals' JR Zone and Genius Metals Inc.'s gold Trans-Taïga showing (see Figure 2).

The Company plans to follow up on these results with a field reconnaissance program in this summer. The program will include geological mapping, prospecting, and sampling.

"The magnetic signature of the iron formation on the Eva property is very strong. Folded iron formations in this type of geological setting are often a good host for gold mineralization and we proactively acquired additional claims contiguous the Eva project, enhancing our land position in this area. We are keen to do some follow up exploration once we have completed our interpretation of the geological data to date," commented JC St-Amour, President and CEO of Vanstar.

Figure 1 Eva High Resolution Airborne Magnetic Survey with Additional Claims Highlighted
https://www.globenewswire.com/NewsRoom/AttachmentNg/13b4bc4c-8bfb-4eea-a09c-5b2b3326fcc8

Figure 2 Frida High Resolution Airborne Magnetic Survey
https://www.globenewswire.com/NewsRoom/AttachmentNg/12851e72-2a15-46ef-b2f6-f46228a04a51

About the Frida and Eva Properties

The Frida and Eva Properties are located in the James Bay area, Northern Quebec. Radisson is the closest town located 45 km north of the project, which is accessible year-round via the La Grande Rivière airport and the Route de la Baie James. The Matagami-Radisson road runs 30 kilometres west of the Property and summer access is via a jetty at the northern end of Sakami Lake at Km 56 on the Trans-Taïga gravel road located 30 km north of the northern property limit. The properties consist of 107 mining claims with a total surface area of 5,517 hectares and are 100% owned by Vanstar and no NSR royalty ("Net Smelter Return") is attached to the claims.

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

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 1% NSR. The Nelligan Project won the "Discovery of the Year" award at the 2019 Quebec Mineral Exploration Association Xplor Gala. Vanstar also owns 100% of the Felix property under development in the Chicobi Group (Abitibi mining camp, 65km East of Amex Perron property) and 100% of Amanda, a 7,679 ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters.

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.

SOURCE :

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

www.vanstarmining.com


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold, Silver, PGMs — Short-term Prices and Key Drivers

Jeffrey Christian, managing partner at CPM Group, shares his latest thoughts on gold, silver and platinum-group metals, outlining potential price scenarios for the months ahead.

He also discusses his broader outlook for the US economy.

Keep reading...Show less
Wooden gavel on a reflective surface, legal books blurred in the background.

Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

A court in Bamako has ordered the temporary transfer of operational control of Barrick Mining's (TSX:ABX,NYSE:B) Loulo-Gounkoto gold-mining complex to a state-appointed administrator for six months.

The ruling, handed down on Tuesday (June 17) by the Tribunal de Commerce, empowers former health minister and certified accountant Soumana Makadji to run one of Barrick’s most lucrative global assets.

The company has described the move as “unjustified” and “unprecedented.”

Keep reading...Show less
Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results

Kobo Resources Intersects 21.5 m at 1.14 g/t Au and 20.0 m at 1.41 g/t Au at the Jagger Zone and Files FY 2025 Financial Results

  • All reported holes intersected gold mineralization, reinforcing continuity and improving structural understanding at the Jagger Zone
  • Results support   the Company's systematic exploration and targeting approach for further resource definition at Kossou

Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to announce additional diamond drill results from the ongoing exploration program at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from the Jagger Zone continue to confirm broad zones of mineralisation and extend the footprint of gold-bearing structures along strike and at depth.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Auric Mining (ASX:AWJ)

Munda Gold Mine Mining Progresses: First Blast

Auric Mining Limited (ASX: AWJ) (Auric or the Company) is pleased to provide an update on mining of the Starter Pit at the Munda Gold Mine, 5km from Widgiemooltha, Western Australia.

Keep reading...Show less

Latest Press Releases

Related News

×