Vanstar Mining Resources


Vanstar Mining Resources: World-Class DiscoveryPotential in Quebec

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Quebec is one of the world’s most prolific mining jurisdictions. World-class mining districts like Abitibi-Témiscamingue, Chibougamau and Grand-Nord in the Canadian province host some of the most prominent players in the gold, copper, nickel and zinc mining spaces. To date, Quebec has 25 producing mines.

The province of Quebec is politically stable, provides government support for mining and exploration and is one the most prolific producers of gold in the world after the Witwatersrand in South Africa.


Vanstar Mining Resources (TSXV:VSR) is a Canadian gold exploration company focused on developing its high-quality mineral properties located in Quebec. The company has strong project fundamentals and leverages Quebec’s world-class mining-friendly conditions and high-grade mineralization prospects.

Vanstar Mining Resources’ stable of gold projects offer investors exposure to different stages of development. Its flagship Nelligan project is a largely de-risked asset and one of Quebec’s largest gold projects containing approximately 3.2 million ounces of gold. The project is located near excellent infrastructure and, through a joint venture with Vanstar, is operated by one of Canada’s premiere gold producers, IAMGOLD Corp.

The Nelligan project is being developed with IAMGOLD Corp. (TSX:IMG, NYSE:IAG) which currently owns 75 percent with Vanstar retaining 25 percent ownership. IAMGOLD has the option to increase its ownership to 80 percent by completing a feasibility study, which would allow Vanstar Mining Resources to retain a 20 percent undivided non-contributory carried interest until production, as well as a one percent NSR on the eight original claims on the property. The project has inferred resources of 3.2m oz @1.02 g/t Au and is located in the NE of the Abitibi region. Vanstar’s agreement with IAMGOLD is somewhat unique, as it ensures that Vanstar will participate in a production scenario without the burden of raising capital to fund development. This is a key differentiator and distinguishes this partnership from typical joint ventures.

In addition to the Nelligan Project, Vanstar owns 100 percent of the Felix project, the Amanda project, the Frida and the Eva projects. All have had geophysical groundwork, and/or drilling programs and have significant exploration potential.


Vanstar Mining Resources currently has CAD$5.8 million in total cash which advantageously presents it with the ability to advance its exploration assets without the need to access the capital markets at inopportune times.

Vanstar Mining Resources’ management team comprises world-class experts in capital markets, geology, and mineral exploration. The company’s solid leadership sets the stage for significant mining and exploration success and economic prosperity.

Vanstar Mining Resources’ Company Highlights

  • Vanstar Mining Resources’ robust asset portfolio includes the flagship Nelligan project, as well as the Felix, Amanda, Frida and Eva gold exploration projects.
  • The Nelligan project hosts world-class discovery potential that is largely de-risked with approximately 3.2-million-ounce inferred gold resource. The project has widespread high-grade mineralization with growth potential and is located near excellent infrastructure.
  • Nelligan is carried through to production by IAMGOLD requiring no further dilution to Vanstar.
  • Future plans for the company include an extensive diamond drill programs at Nelligan, as well as geophysical, geochemical and drilling campaigns on its other assets to unlock the full potential of its gold assets.
  • Vanstar Mining is well capitalized with a tight share structure and supportive long-term shareholders.

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