May 27 2015
The management of Vanstar Mining Resources wishes to make an update of the exploration program currently being conducted by its partner IAMGOLD Corporation (IAMGOLD), on the Nelligan Project, located in the Chibougamau-Chapais region in Northwestern Quebec, Canada.
During the last two months, IAMGOLD has completed a winter drilling program and seven holes had been drilled for a total of 2, 519 meters. Selected core samples have been sawn and sent to the assay laboratory. Assay results will be reported once they are received and validated by the project operator IAMGOLD. A total of 1,124 samples have been sent for analysis.
Most of the drill holes intersected the targeted structures of the Liam and Dan Zones and have also identified a new geological structure that needs further assessment. The results of the drilling program are expected over the coming weeks.
Planned summer exploration program
Planning continues for a summer exploration program which will include completion of a ground geophysical survey with the objective to characterize the alteration and mineralized zones. A 4-line orientation survey will be conducted on the Liam showing involving a deep Induced Polarization survey. If the results are successful a similar survey will be considered to attempt to delineate potential extensions of the Liam showing to support future drilling on the property. Also prospecting and structural mapping works are planned to cover selected areas of the property along the major interpreted structures.