Vanstar Mining Resources 2021 Review and Outlook for 2022 - Drilling Resumes at Nelligan

Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) ("Vanstar", or the "Company") is pleased to provide a review of 2021 and upcoming plans for 2022. 2021 began with new leadership in the appointment of JC St-Amour as President and CEO, on January 11, 2021. His experience and knowledge helped to strengthen our relationship with project partner IAMGOLD. 2021 was an exciting year of exploration that saw infill and expansion drilling at Nelligan that has significant implications for adding gold ounces.

In 2021, the Company was added to the OTCQX market to help increase the US investor shareholder base. An awareness campaign was launched that included several interviews, investor events throughout Quebec, and an increased social media presence. In addition, the Company also participated in four virtual and in person mining conferences throughout the year, which attracted the interest of a global investment audience.

Nelligan

On the exploration front, Vanstar's flagship Nelligan project continued to show very promising results from a 9,500-metre summer drill program. The 2021 drill campaign clearly demonstrated the resource is open and is expanding to the west, while the infill drill program continues to demonstrate continuity of mineralization improving the confidence of the existing resource at Nelligan. Drilling to the west was near surface and is providing a significant opportunity to further increase the mineralized envelope of Nelligan and add significant ounces to the gold resource (click for Press Release). Highlight holes (see Figure 1) released in December 2021 include:

Renard Zone - Infill: 86.7 m at 1.34 g/t Au (from 126.0 m in drill hole NE-21-170)
Renard Zone - West Extension: 40.5 m at 1.28 g/t Au (from 51.0 m in drill hole NE-21-178)

Bousquet-Odyno

In November 2021, Vanstar made a new addition to its project portfolio by signing an LOI with IAMGOLD to acquire 75% interest in the Bousquet-Odyno property (formerly referred to as Calder-Bousquet). 20,000 m of drilling has been completed on the property by IAMGOLD (click for Press Release). Highlights from the historical* drill program include:

27.9 g/t Au over 6.5 m (from 140.0 to 146.5 m depth in drill hole BO-16-56)
29.3 g/t Au over 3.3 m (from 389.0 to 392.3 m depth in drill hole BO-12-32)

* Note: the drilling results referenced above are historical and have not been independently verified and validated by the Company and should not be relied on.

Felix

Vanstar began exploration of its Felix property by completing a high-resolution magnetic survey on the entire property, an induced polarization survey focusing on the western portion of property, as well as drilling campaigns. Assay results from the drilling campaign initiated in the fall are pending (click for Press Release).

Eva & Frida

Additional claims were acquired on the Eva project due to positive results from a completed high resolution airborne magnetic survey which showed folded iron formations which are a good host for gold mineralization in this type of geological setting (click for Press Release). A prospecting and sampling campaign was conducted on the property in September with results pending.

Figure 1 - Nelligan - Drill hole plan map and highlighted 2021 assay results.

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8185/110349_ec0d0d2e44b54977_002full.jpg

2022 Outlook

Exploration

Additional drill holes results from the Nelligan 2021 drill campaign targeting the Western extension are expected in Q1 2022.
IAMGOLD to resume drilling at the Nelligan Project this week, with a minimum 5,000-metre winter drilling program focusing on expansion drilling and infill drilling. IAMGOLD intends to complete an updated resource estimate incorporating the combined additional drilling from 2020 to 2022.
Bousquet-Odyno property acquisition expected to close in the coming weeks with an 4,000-metre drill campaign expected to commence as soon as possible.
Felix drill results are pending and will be reviewed to determine next exploration steps.
Frida and Eva exploration strategy will be determined based on the pending results of its prospecting and sampling program.

This press release was read and approved by Mr. Gilles Laverdière, consulting geologist and qualified person under the NI 43-101 Canadian standard.

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 7,306ha property located on the Auclair formation with historic gold showings up to 12.1 g/t Au over 3 meters.

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).

Corporate Logo

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/110349

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Vanstar Reports Remaining Assay Results from 2021 Drill Program at Nelligan - Confirms Mineralization up to 1.5 km to the West of Resource

Highlight Holes:
Hole NE-21-184 - 20.0 m of 2.02 g/t Au and 10.5 m of 1.11 g/t Au
Hole NE-21-182 - 30.6 m of 1.15 g/t Au
Hole NE-21-176 - 11.8 m of 4.44 g/t Au and 7 m of 2.21 g/t Au and 19.5 m of 1.44 g/t Au

Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) ("Vanstar", or the "Company") is pleased to announce the remaining assay results from the 2021 diamond drill program consisting of 9,492 meters in 27 holes on the Nelligan joint venture project (IAMGOLD Corporation ("IAMGOLD"): 75%, Vanstar: 25%) completed by its partner IAMGOLD. The Company is reporting assays from the remaining 14 diamond drill holes totaling 5,232 meters completed in the western extension of the deposit. The 2020 drill program extended the mineralized zone by 700 m beyond the resource that was modelled in 2019. Current results from 2021 drilling, summarized in Table 1 and 2 below, indicate that the mineralization continues further to the west, although the zones appear to be thinning with locally improved grades. Hole NE-21-190, for example, located 1,100 m to the west of the current resource intercepted 9 m grading 3 gt Au and the most western hole (NE-21-188) intercepted 6 m grading 2.63 gt Au, 1.5 km from the 2019 pit shell.

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Vanstar Mining Enters into a Definitive Option Agreement with IAMGOLD on Bousquet-Odyno Property and Plans 4,000-Meter Drill Program

Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) ("Vanstar", or the "Company") is pleased to announce that, further to its announcement on November 29, 2021, it has entered into a definitive option agreement (the "Agreement") with IAMGOLD Corporation ("IAMGOLD") for the Bousquet-Odyno gold project (the "Property"). Under the terms of the Agreement, IAMGOLD has granted Vanstar an option to earn up to a 75% interest in the Property, which 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.

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Assay Results at Nelligan Gold Project Confirm Continuity and Extends Mineralization to the West

Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) ("Vanstar", or the "Company") is pleased to announce initial assay results from IAMGOLD's 2021 exploration diamond drilling program at its Nelligan joint venture project (IAMGOLD: 75%, Vanstar: 25%), located 60 kilometres southwest of Chibougamau, Quebec, Canada and 15 kilometres from the Monster Lake Project, 100% owned by IAMGOLD. The Nelligan Gold project (on a 100% basis) hosts Inferred Mineral Resources containing 3.2 million ounces of gold grading 1.02 gt Au (refer to news releases dated October 22, 2019 and February 17, 2021).

Highlights include:

Table 1 Nelligan Project Drilling Results - 2021 Drilling program
Hole No.	UTM NAD83 Zone18	AZ	DIP	EOH	from	To	Interval	True Width ⁽¹⁾	Au ^{(2) (3)}	NOTE
	Easting	Northing	Elevation	(°)	(°)	(m)	(m)	(m)	(m)	(m)	(g/t)
NE-21-166	522996.24	5474057.94	381.76	330	-50	276.00	127.75	144.00	16.25	10.45	0.51	RENARD FOOTWALL ZONE
NE-21-167	522878.86	5474071.60	381.05	330	-45	222.00	60.00	64.50	4.50	3.90	0.97	RENARD ZONE
							120.00	126.00	6.00	4.24	0.78	RENARD FOOTWALL ZONE
NE-21-168	522790.80	5474032.70	375.74	330	-50	243.00	54.00	69.90	15.90	11.24	1.03	RENARD ZONE
							79.50	85.50	6.00	4.60	0.89
NE-21-169	522841.38	5473925.46	379.44	330	-49	330.00	62.20	118.50	56.30	43.13	0.88	RENARD ZONE
Including (3)							100.50	106.90	6.40	4.53	2.30
							135.00	144.00	9.00	6.36	0.96
							160.50	186.00	25.50	19.53	1.02
Including (3)							160.50	175.50	15.00	11.49	1.33
							204.00	220.50	16.50	12.64	0.78
							240.00	253.50	13.50	10.34	0.68	RENARD FOOTWALL ZONE
NE-21-170	522859.83	5473888.25	380.74	330	-50	402.00	47.02	62.08	15.06	11.54	1.93
Including (3)							51.00	52.50	1.50	1.15	10.20
							126.00	212.65	86.65	66.38	1.34	RENARD ZONE
Including (3)							148.50	160.50	12.00	9.19	2.65
Including (3)							204.00	206.30	2.30	1.76	6.22
							222.00	267.00	45.00	31.82	2.13 (1.85 capped at 30g/t)
Including (3)							234.00	246.00	12.00	8.49	6.27 (5.23 capped at 30g/t)
Including (3)							238.50	240.00	1.50	1.06	38.30
NE-21-171*	523007.00	5474050.26	381.45	330	-51	141.00	No significant results
NE-21-172	522845.36	5473812.82	379.84	330	-48	426.00	63.00	72.00	9.00	6.89	0.58	ZONE 36
							183.00	229.50	46.50	40.27	1.26	RENARD ZONE
Including (3)							200.35	213.00	12.65	11.46	3.05
Including (3)							211.25	212.38	1.13	1.02	13.25
							238.30	267.00	28.70	24.85	1.70
Including (3)							239.10	240.00	0.90	0.78	27.00
							301.50	343.50	42.00	36.37	1.06	RENARD FOOTWALL ZONE
Including (3)							316.50	318.00	1.50	1.30	7.09
NE-21-173	522803.50	5473795.67	380.27	330	-48	456.00	46.18	52.50	6.32	4.84	1.91	ZONE 36
Including (3)							47.52	49.54	2.02	1.55	4.20
							102.50	112.50	10.00	6.43	1.49
							118.50	126.00	7.50	4.82	1.27
							175.50	286.50	111.00	90.93	1.11	RENARD ZONE
							327.00	343.50	16.50	12.64	2.05	RENARD FOOTWALL ZONE
Including (3)							330.00	333.00	3.00	2.30	5.41
NE-21-174	522755.39	5473775.04	383.16	330	-45	471.00	75.00	97.50	22.50	18.43	0.59	ZONE 36
							157.50	166.50	9.00	6.36	0.66
							199.50	234.00	34.50	24.40	1.26	RENARD ZONE
							244.50	253.74	9.24	7.08	0.84
							264.00	274.50	10.50	8.04	1.41
							283.50	303.00	19.50	14.94	3.80
Including (3)							283.50	285.00	1.50	1.15	24.60	RENARD FOOTWALL ZONE
							343.45	351.00	7.55	5.34	5.69
Including (3)							348.00	349.50	1.50	1.06	21.00
NE-21-175	522682.04	5473806.27	381.33	330	-48	441.00	45.00	58.50	13.50	10.34	0.80	RENARD ZONE
							94.65	106.50	11.85	9.08	0.64
							150.00	161.10	11.10	8.50	7.16
Including (3)							153.15	156.98	3.83	2.93	18.99
							178.00	196.50	18.50	14.17	0.60
							211.50	250.50	39.00	29.88	1.86
Including (3)							248.00	249.00	1.00	0.77	25.10
							259.50	273.00	13.50	11.06	0.65	RENARD FOOTWALL ZONE
							279.00	292.25	13.25	10.15	2.77
Including (3)							288.00	289.50	1.50	1.06	18.45
							360.00	369.00	9.00	7.79	1.02
NE-21-177	521932.88	5473827.80	375.17	340	-45	276.00	48.00	60.00	12.00	11.82	2.08	RENARD WEST ZONE
Including (3)							49.50	51.00	1.50	1.48	6.67
							72.00	78.00	6.00	4.60	0.76
							103.50	142.50	39.00	29.88	0.69	RENARD WEST FW ZONE
							153.00	171.00	18.00	13.79	1.13
Including (3)							162.00	163.50	1.50	1.15	5.37
							243.00	246.00	3.00	2.30	6.88
Including (3)							243.00	244.50	1.50	1.15	12.65
NE-21-178	521985.60	5473836.37	375.42	340	-45	261.00	51.00	91.50	40.50	35.07	1.28	RENARD WEST ZONE
Including (3)							78.80	81.00	2.20	1.91	4.72
							103.00	127.50	24.50	18.77	0.76
Including (3)							103.00	111.00	8.00	6.13	1.27
							141.00	153.00	12.00	9.19	1.56	RENARD WEST FW ZONE
							195.00	202.50	7.50	5.75	0.53
							229.50	240.00	10.50	8.60	0.58
NE-21-180	522142.43	5473855.84	372.42	330	-50	315.00	36.00	51.00	15.00	10.61	7.81 (4.26 capped at 30g/t)	RENARD WEST ZONE
Including (3)							45.00	46.33	1.33	0.94	70.10
							94.50	102.00	7.50	5.30	1.17
							117.00	120.00	3.00	2.12	3.28	RENARD WEST FW ZONE
							132.00	147.00	15.00	10.61	1.21
							157.50	181.50	24.00	18.39	0.81
Including (3)							157.50	162.00	4.50	3.45	1.79
Including (3)							175.50	181.50	6.00	4.60	1.03

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Vanstar Signs LOI with IAMGOLD to Acquire the Calder Bousquet Property and Provides Update on Nelligan Project

Vanstar Mining Resources Inc. (TSXV: VSR (OTCQX: VMNGF) ("Vanstar", or the "Company") is pleased to announce that it has signed a letter of intent ("LOI") with IAMGOLD Corporation ("IAMGOLD") to acquire a 75% interest in the Calder-Bousquet property (the "Property") also referred as the Bousquet-Odyno project. The Property consists of 37 contiguous mining claims covering approximately 1,490 ha and is located directly south of highway 117 between the towns of Rouyn-Noranda and Malartic. 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. Historical drilling on the property prior to IAMGOLD has identified a number of gold zones, including the Calder-Bousquet Zones No. 2, No. 4 and No. 5. Historical drilling has been relatively shallow, down to approximately 250 metres ("m").

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Top 5 Canadian Mining Stocks This Week: Lion Rock Jumps 60 Percent

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

The Liberal Party of Canada and Prime Minister Mark Carney will form a minority government following their victory in Canada’s national election on Monday (April 28). The Liberals won 168 seats, just shy of the 172 required to form a majority, meaning the Liberal government will have to work with the Bloc Québécois or the NDP, which won 23 and 7 seats, respectively.

The Conservative Party of Canada, led by Pierre Poilievre, won 144 seats. While the CPC was originally expected to win the election, the trade war and sovereignty threats from new US President Donald Trump turned the tide in favor of Carney, who took a firmer stance against Trump. Other election issues included the high cost of living, housing, immigration and crime.

Both parties came into the election with visions for Canada’s economy, which included energy and infrastructure corridors, a commitment to energy production and a focus on resource nationalism.

Statistics Canada released February’s gross domestic product by industry figures on Wednesday (April 30). According to the data, the resource sector’s January gains were largely erased by contractions in February. Oil and gas extraction slipped by 2.8 percent, while mining and quarrying contracted by 2.6 percent during the month. Metal ore mining posted its second month of declines, falling 2.5 percent. On the other hand, non-metallic mineral mining climbed by 2.7 percent, including a 3.5 percent rise in potash mining.

South of the Border, The United States Bureau of Labor Statistics released its April employment situation summary on Friday (May 2). In the report, the agency said that 177,000 new nonfarm jobs were added to the economy in April, which exceeded analysts’ expectations of 133,000 jobs.

The biggest gains came in the healthcare sector, which added 51,000 workers, followed by transportation and warehousing, where 29,000 people found new employment.

Overall, the unemployment rate remained steady at 4.2 percent, and the participation rate was unchanged at 62.6 percent.

However, there were some caveats, most notably, downward revisions of 15,000 fewer jobs in February and 43,000 jobs in March than initially reported.. Long-term unemployment also ticked up by 179,000 to 1.67 million in April, the highest since March 2022.

While the number showed strength in the job market, many analysts expect these gains to be temporary, as the effects of US tariffs have yet to be felt in the economy.

The US government also announced on Wednesday that it signed a critical minerals deal with Ukraine. Under the terms of the agreement, the US will provide funding for Ukraine’s reconstruction in exchange for preferential access to the country’s natural resources, including rare earth minerals, which are critical to tech and military development and supply chains.

Additionally, the Trump administration announced it added 10 new projects to be fast-tracked to its federal permitting dashboard on Friday. The projects include the NorthMet copper and nickel project in Minnesota, which is a 50/50 joint venture between Teck (TSX:TECK.A,TECK.B,NYSE:TECK) and Glencore (LSE:GLEN,OTC Pink:GLCNF), as well as Sibanye Stillwater’s (NYSE:SBSW) Stillwater platinum and palladium project in Montana.

Markets and commodities react

In Canada, major indexes posted gains by the week's close. The S&P/TSX Composite Index (INDEXTSI:OSPTX) gained 1.32 percent during the week to close at 25,031.51 on Friday, the S&P/TSX Venture Composite Index (INDEXTSI:JX) moved up 0.01 percent to 656.40 and the CSE Composite Index (CSE:CSECOMP) climbed 2.52 percent to 122.75.

US equity markets also posted gains by close on Friday, with the S&P 500 (INDEXSP:INX) increasing 2.85 percent to close at 5,686.66, the Nasdaq-100 (INDEXNASDAQ:NDX) gaining 3.45 percent to 20,102.61 and the Dow Jones Industrial Average (INDEXDJX:.DJI) rising 2.8 percent to 41,317.44.

The gold price fell from recent highs, closing out Friday at US$3,233.98, down 2.56 percent over the week. The silver price was also down, shedding 3.21 percent during the period to US$32.03.

In base metals, the COMEX copper price fell 4.29 percent over the week to US$4.69 per pound. Meanwhile, the S&P GSCI (INDEXSP:SPGSCI) was down 3.17 percent to close at 520.19.

Top Canadian mining stocks this week

So how did mining stocks perform against this backdrop?

Take a look at this week’s five best-performing Canadian mining stocks below.

Stock data for this article was retrieved at 3:30 p.m. EDT on Friday using TradingView's stock screener. Only companies trading on the TSX, TSXV and CSE with market capitalizations greater than C$10 million are included. Companies within the non-energy minerals and energy minerals sectors were considered.

1. Lion Rock Resources (TSXV:ROAR)

Weekly gain: 60 percent
Market cap: C$20.51 million
Share price: C$0.32

Lion Rock Resources is a gold and critical mineral exploration company focused on advancing its Volney gold-lithium-tin project in South Dakota, United States.

The property is situated on 142 hectares of private land with surface and mineral rights in place. The site hosts historic gold and tin mining operations dating back to the 1920s. Additionally, the site contains the Giant Volney pegmatite body, from which 15 grab samples graded an average of 4.4 percent lithium oxide, with the highest grading 5.4 percent.

The most recent news from the project came on Thursday (May 1) when Lion Rock announced that it had started its 2025 exploration program, including a high-resolution magnetic survey, mapping and sampling. The company said that the program will target high-grade lithium, gold and tin, and results will be used to refine drill targets and expand known mineralized zones.

The company also released its year-end 2024 financial report on Tuesday (April 29).

2. Foremost Clean Energy (CSE:FAT)

Weekly gain: 42.86 percent
Market cap: C$14.27 million
Share price: C$1.30

Foremost Clean Energy is a uranium exploration company working to advance projects in the Athabasca Basin in Northern Saskatchewan, Canada.

In 2025, its primary focus has been its Hatchet Lake property, part of its Eastern Athabasca projects. The site consists of nine mineral claims within two blocks covering an area of 10,2012 hectares and has seen exploration dating back to the 1960s.

Foremost announced in October 2024 that it had completed the first phase of an option agreement with Denison Mines (TSX:DML,NYSEAMERICAN:DNN) to acquire a 20 percent stake in 10 uranium properties, including Hatchet Lake, in exchange for 1.37 million common shares.

Under the terms of the agreement, Foremost can earn up to a 70 percent stake in the properties in exchange for meeting certain milestones within 36 months.

This Thursday, Foremost announced a new uranium discovery at Hatchet Lake from initial results of the company’s ongoing inaugural drill program.

In the announcement, the company said the discovery included multiple intervals of mineralization, highlighting one grading 0.22 percent equivalent U3O8 over 0.9 meters, including an intersection of 0.5 percent over 0.1 meters.

3. Baru Gold (TSXV:BARU)

Weekly gain: 42.86 percent
Market cap: C$13.53 million
Share price: C$0.05

Baru Gold is a development company working to advance its Sangihe gold project in Indonesia.

The company holds a 70 percent stake in the 42,000 hectare project, with the remaining 30 percent interest held by three Indonesia-based companies.

Baru Gold is progressing towards approval of its production operations plan, which was redesigned due to the significant macroeconomic shift and increase in the gold price since its last mineral resource estimate in May 2017.

On February 14, the company published a technical report with an updated mineral resource estimate. The mineral resource estimate demonstrated an indicated resource of 114,000 ounces of gold and 1.93 million ounces of silver from 3.15 million metric tons of ore with grades of 1.12 grams per metric ton (g/t) gold and 19.4 g/t silver. The project also hosts an inferred resource of 91,000 ounces of gold and 1.08 million ounces of silver from 2.3 million metric tons of ore with grades of 1.22 g/t gold and 14.5 g/t silver.

The update marks a significant step towards government approval for production operations status, with the only remaining requirement being the payment of taxes.

The most recent news came on April 2 when the company announced the closing of the first tranche of a private placement for C$336,321.88. Funding raised through the placement will be used in part for payment of land use taxes on the Sangihe property.

4. Taranis Resources (TSXV:TRO)

Weekly gain: 42.5 percent
Market cap: C$21.07 million
Share price: C$0.285

Taranis Resources is a copper explorer focused on advancing work at its Thor project in Southeast British Columbia, Canada.

The site has seen previous mining dating back to the early 1900s and hosts at least seven different epithermal zones. In a February mineral resource estimate update, the company reported an indicated resource of 1.14 million metric tons of ore containing 27,400 ounces of gold, 5.58 million ounces of silver, 3.1 million pounds of copper, 47.8 million pounds of lead and 77.9 million pounds of zinc.

The most recent news from the Thor project came on April 9, when Taranis provided an update on its 2024 deep drilling program. The company finalized an alteration study of the drill holes, which encountered anomalous gold, zinc and arsenic, and plans to use the results to improve targeting and lower costs for its 2025 drilling program.

5. Black Iron (TSX:BKI)

Weekly gain: 41.18 percent
Market cap: C$38.02 million
Share price: C$0.12

Black Iron is an exploration and development company working to advance its Shymanivske iron project in Ukraine.

The 300 hectare property is located approximately 330 kilometers south-east of the capital of Kiev and is situated within the well-known iron ore mining district of KrivBass.

According to a March 2020 preliminary economic assessment, project economics demonstrated an after-tax net present value of US$1.44 billion at a discount rate of 10 percent with an internal rate of return of 34.4 percent and a payback period of 3.3 years.

The included mineral resource estimate reported a measured and indicated resource of 645.8 million metric tons of ore with an average grade of 31.6 percent total iron and 18.8 percent magnetic iron.

Although Black Iron did not release any news this week, the company’s share price gained alongside news of the US and Ukraine reaching a critical minerals agreement.

FAQs for Canadian mining stocks

What is the difference between the TSX and TSXV?

The TSX, or Toronto Stock Exchange, is used by senior companies with larger market caps, and the TSXV, or TSX Venture Exchange, is used by smaller-cap companies. Companies listed on the TSXV can graduate to the senior exchange.

How many mining companies are listed on the TSX and TSXV?

As of February 2025, there were 1,572 companies listed on the TSXV, 905 of which were mining companies. Comparatively, the TSX was home to 1,859 companies, with 181 of those being mining companies.

Together the TSX and TSXV host around 40 percent of the world’s public mining companies.

How much does it cost to list on the TSXV?

There are a variety of different fees that companies must pay to list on the TSXV, and according to the exchange, they can vary based on the transaction’s nature and complexity. The listing fee alone will most likely cost between C$10,000 to C$70,000. Accounting and auditing fees could rack up between C$25,000 and C$100,000, while legal fees are expected to be over C$75,000 and an underwriters’ commission may hit up to 12 percent.

The exchange lists a handful of other fees and expenses companies can expect, including but not limited to security commission and transfer agency fees, investor relations costs and director and officer liability insurance.

These are all just for the initial listing, of course. There are ongoing expenses once companies are trading, such as sustaining fees and additional listing fees, plus the costs associated with filing regular reports.

How do you trade on the TSXV?

Investors can trade on the TSXV the way they would trade stocks on any exchange. This means they can use a stock broker or an individual investment account to buy and sell shares of TSXV-listed companies during the exchange's trading hours.

Article by Dean Belder; FAQs by Lauren Kelly.

Don't forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Lauren Kelly, hold no direct investment interest in any company mentioned in this article.

North Bay Resources Announces Gold Concentrate Shipment, Advancement of Flotation Circuit at Bishop Gold Mill California

North Bay Resources, Inc. (the " Company " or " North Bay ") (OTC: NBRI) is pleased to announce delivery of 344 lbs. of gold concentrate to the Company's refinery partner Just Refiners, Reno, NV. Assay splits have been sent to ALS Geochemistry Reno, Nevada. Ore from the Company's Fran Gold Project was processed at the Company's Bishop Gold Mill. The concentrate represents approximately 15 tons of gross ore processed. Recent repairs to the Company's RakerClassifier and replacement of balls in the ball mill have been implemented to produce a finer grind targeting minus 150 mesh. This grind has been determined to be optimal for recovery. The concentrate is from the gravity only circuit with the flotation circuit currently under optimization and testing ( See Pic 1) . The Company recently received settlement on its first concentrate shipment ( see Press Release dated April 7, 2025 ),

News Provided by GlobeNewswire via QuoteMedia

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Hole No.	UTM NAD83 Zone18			AZ	DIP	EOH
	Easting	Northing	Elevation	(°)	(°)	(m)
NE-21-176	521903.6	5473713.5	377.7	345	-45	396.00
NE-21-179	522092.7	5473867.2	374.4	330	-45	282.00
NE-21-181	522053.3	5473711.9	373.7	340	-45	405.00
NE-21-182	521780.1	5473686.6	376.8	340	-45	420.00
NE-21-183A	521807.6	5473793.3	374.1	340	-45	87.00
NE-21-183B	521807.6	5473793.3	374.1	345	-50	294.00
NE-21-184	521754.5	5473776.8	374.1	345	-50	312.00
NE-21-185	521704.3	5473764.9	373.3	345	-50	315.00
NE-21-186	521550.0	5473701.1	369.3	342	-48	402.00
NE-21-187	521459.5	5473626.3	368.4	342	-48	492.00
NE-21-188	520649.0	5473658.2	378.3	342	-48	402.00
NE-21-189	520869.4	5473676.3	376.3	342	-48	402.00
NE-21-190	521088.6	5473688.9	371.8	342	-48	402.00
NE-21-191	521634	5473536	374	342	-48	621.00

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