Vanstar Intersects 2.34 g/t Au Over 19.6 Metres on the Liam Showing
May 28 2014 - 9:00AM
Marketwired
Vanstar Intersects 2.34 g/t Au Over 19.6 Metres on the Liam Showing
LA PRAIRIE, QUEBEC--(Marketwired - May 28, 2014) - The
management of Vanstar Mining Resources Inc. (TSX-VENTURE:VSR)
announces the completion of 9 drill holes for a total of 1,700
metres on the Liam showing. Drill hole LI-14-21 intersected the
Liam zone over 19.6 metres(1) at 2.34 g/t Au at a depth along the
hole between 171.65 and 191.25 metres. Drill hole LI-14-22 located
50 metres behind, intersected the same zone over 51 metres grading
1.01 g/t Au including 20 metres at 2.28 g/t Au, at depth between
204 and 255 metres along the hole.
The goal of this drilling campaign was to test the Liam zone
extensions along strike and at depth. The targeted zones were
successfully intersected in most of the drill holes over widths
ranging from 12 to 50 metres(1). The extensions remain open in all
directions.
This drilling phase also uncovered a new gold structure south of
the Liam zone : the Dan zone. It was intersected by three drill
holes along a 250-metre strike and on widths varying between 6.3
and 31 metres(1).
A third structure was also identified north of the Liam zone. It
returned 3.04 g/t Au over 8.4 metres(1).
Drill hole LI14-19, located on the Mila zone did not return
significant results.
« We are excited with the results we are getting so far. The
Liam zone remains consistent and seems to widen with depth with
increasing gold grades. We are also in the presence of a second
gold zone associated with the Liam showing and possibly a third
one.intersected by LI-14-17A. To the north-east, the lac d'Eu zone
is also known over more than 700 metres. All of these showings and
zones remain open in all directions. This project seems to offer an
uncommon potential for gold. » mentionned Mr. Guy Morissette, CEO
of Vanstar.
(1) Along the hole.
Location Maps:
http://file.marketwire.com/release/NelliganGeoph.pdf
http://media3.marketwire.com/docs/NelliganZone_Dan%20Model.pdf
DRILL RESULTS - LIAM
ZONE -
Drill Hole |
Zone |
From - To |
Width* |
Grades |
|
|
(metres) |
(metres) |
(g/t Au) |
|
|
|
|
|
LI-14-15** |
Liam |
101.8 - 169.5 |
67.7 |
0.79 |
Including |
|
128 - 162 |
34 |
1.32 |
|
|
131.1 - 162 |
30.9 |
1.43 |
|
|
131.1 - 132 |
0.90 |
20.78 |
|
|
131.1 - 134 |
2.90 |
7.25 |
|
|
151.5 - 154.1 |
2.60 |
1.28 |
|
|
161.2 - 162 |
0.80 |
10.67 |
|
|
|
|
|
LI-14-16 |
Liam |
72.6 - 104.35 |
31.75 |
1.16 |
Including |
|
72.6 - 92.2 |
19.6 |
1.27 |
|
|
72.6 - 77.9 |
5.30 |
2.47 |
|
|
100.35 - 104.35 |
4.0 |
2.63 |
|
|
|
|
|
LI-14-17 |
|
abandoned hole |
|
|
|
|
|
|
|
LI-14-17A |
Dan |
31.2 - 37.5 |
6.3 |
1.63 |
Including |
|
35.2 - 37.5 |
2.3 |
4.07 |
|
Liam |
112 - 145 |
33 |
1.05 |
Including |
|
112 - 130.1 |
18.1 |
1.08 |
|
|
112 - 118.3 |
6.3 |
1.54 |
|
|
136.5 - 144 |
7.5 |
1.79 |
|
|
142 - 144 |
2.0 |
2.41 |
And |
|
192.6 - 201 |
8.4 |
3.04 |
|
|
|
|
|
LI-14-18 |
Dan |
13.5 - 28.5 |
15 |
0.55 |
Including |
|
16.5 - 22.5 |
6 |
1.12 |
|
Liam |
55.5 - 69 |
13.5 |
0.56 |
Including |
|
63
- 64.5 |
1.5 |
2.42 |
|
|
|
|
|
LI-14-19 |
Mila |
Non-significant results |
|
|
LI-14-20 |
Liam |
126.5 - 138.5 |
12 |
0.63 |
|
|
|
|
|
LI-14-21 |
Liam |
171.65 - 191.25 |
19.6 |
2.34 |
Including |
|
171.65 - 175.95 |
4.3 |
5.53 |
|
|
171.65 - 172.8 |
1.15 |
6.43 |
|
|
172.8 - 173.9 |
1.10 |
4.04 |
|
|
173.9 - 174.9 |
1 |
5.60 |
|
|
174.9- 175.95 |
1.05 |
6.05 |
|
|
175.95 - 177 |
1.05 |
1.43 |
|
|
177 - 181 |
4 |
2.15 |
Including |
|
177 - 178 |
1 |
1.88 |
|
|
178 - 179 |
1 |
2.28 |
|
|
179 - 180 |
1 |
1.89 |
|
|
180 - 181 |
1 |
2.55 |
|
|
188 - 190 |
2 |
2.00 |
|
|
|
|
|
LI-14-22 |
Dan |
32
- 63 |
31 |
0.51 |
Including |
|
47
- 57 |
10 |
1.19 |
|
|
47
- 53.5 |
6.5 |
1.48 |
|
|
47
- 52 |
5 |
1.66 |
|
|
47
- 48 |
1 |
4.11 |
|
Liam |
204 - 255 |
51 |
1.01 |
Including |
|
216 - 240 |
24 |
1.98 |
|
|
218.5 - 238.5 |
20 |
2.28 |
|
|
218.5 - 224.5 |
6 |
5.90 |
Including |
|
218.5 - 219.5 |
1 |
1.36 |
|
|
219.5 - 220.5 |
1 |
7.44 |
|
|
220.5 - 221.5 |
1 |
6.54 |
|
|
221.5 - 222.5 |
1 |
16.10 |
|
|
222.5 - 223.5 |
1 |
2.31 |
|
|
223.5 - 224.5 |
1 |
1.65 |
|
|
219.5 - 222.5 |
3 |
10.03 |
|
|
|
|
|
LI-14-23 |
Liam |
176.75 - 195.5 |
18.75 |
1.46 |
Including |
|
177.5 - 181.5 |
4 |
3.99 |
Including |
|
177.5 - 178.5 |
1 |
11.11 |
|
|
178.5 - 179.5 |
1 |
1.93 |
|
|
179.5 - 180.4 |
0.9 |
1.37 |
|
|
180.4 - 181.5 |
1.1 |
1.52 |
|
|
192.5 - 195.5 |
3 |
1.41 |
* Real widths are not yet available.
** Note that the average grades from metallic sieve assays for
drill hole LI-14-15 returned the following results :
Drill Hole |
Zone |
From
- To |
Width |
Metallic |
|
|
(metres) |
(metres) |
(g/t Au) |
|
|
|
|
|
LI-14-15 |
Liam |
131.1
- 162 |
30.9 |
0.78 |
Including |
|
131.1
- 132 |
0.90 |
2.09 |
|
|
131.1
- 134 |
2.90 |
1.29 |
|
|
151.5
- 154.1 |
2.60 |
1.16 |
|
|
161.2
- 162 |
0.80 |
7.58 |
Management can explain this difference by the possible presence
of free gold. This was observed in the past with some drill holes
from the Liam zone.
In order to increase its presence in the area, Vanstar also
announces the acquisition of a 100 % interest in 4 mining cells
adjacent to the Nelligan project. These cells were purchased for a
sum of $2,000 and 60,000 common shares of Vanstar. The arm's lenght
sellers retain no royalty. This transaction is subject to the
approval of the TSX Venture.
Samples were recorded, packaged and sent to the certified Lab
Expert Inc. facility in Rouyn-Noranda. They were assayed for gold
by FAA on a 30 gram pulp. Sample exceeding 1 g/t Au were re-assayed
by FA with a gravity finish. Company's QA/QC procedures include
random insertions of certified standard material and blanks as well
as the use of duplicates. NQ size core was described, sampled and
split in two at the company's logging facility in
Rouyn-Noranda.
The work was performed under the supervision of Daniel Kelly,
consulting geologist and Qualified Person under NI 43-101. This
press release was read and approved by Daniel Kelly.
Neither TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Source:Vanstar Mining Resources Inc.Guy
MorissetteCEO819-763-5096www.vanstarmining.com
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