Vanstar Mining
Announces Additional Drill Results
and Identifies New Zone at Bousquet-Odyno
Montreal, August 31, 2022 –
InvestorsHub NewsWire -- Vanstar Mining Resources
Inc. (TSX.V:VSR) (OTCQX:VMNGF) (FSE:1V8) ("Vanstar", or the "Company") is
pleased to announce additional results from its drill program at
Bousquet-Odyno project. The results received to date have
identified at least 5 mineralized zones, including a newly defined
zone to the south-west of the Main zone (the "Zone D"). Today's
results include data from 17 drill holes, with assay results
pending from a further 14 holes.
Highlights include:
Zone A
BO-22-81: 27.0 m @ 1.36 g/t Au, including 13.5 m @ 2.05 g/t Au, and
including 6.0 m @ 3.18 g/t Au
Main Zone
BO-22-88: 7.5 m @ 1.99 g/t Au
Zone D
BO-22-80: 10.5 m @ 2.00 g/t Au, including 6.0 m @ 2.97 g/t Au
BO-22-78: 9.5 m @ 1.37 g/t Au, including 3.5 m @ 2.52 g/t Au
Drilling in 2022 has identified wide intercepts of mineralized
quartz stringer zones in most zones. In the main zone, drilling has
both identified broad high-grade gold at depth (see previous new
releases on May 30, 2022 and June 20, 2022) and has defined
continuity of multiple stringer zones. Zone A includes one of the
widest intercepts on the project with 27 m grading 1.36 g/t Au in
hole BO-22-81. The newly defined Zone D is of particular interest
where holes BO-22-78 and 80 have intercepted 9.5 m grading 1.37 g/t
Au and 10.5 m grading 2.00 g/t Au, respectively, in proximity of
historical hole 80-3, which intercepted 6.0 m grading 3.38 g/t Au.
This zone may be a faulted continuation of the Main Zone with
potential to expand or it can also be a cross-structure which opens
new targets. See Figure 1
for a plan map indicating the location of released hole and
Table 1 for a list of
results to date from the current drill program.
J.C. St-Amour, President and CEO, said "We are pleased with the
results of the drill program to date. We are finding more wide
intercepts of mineralized stringer zones that complement previously
reported high grade intervals on the property. In addition to
highlighting high-grade potential at depth, all zones remain open
along strike with the possibility that they may join. Zone D is a
newly defined area with multiple wide intercepts of mineralization
with significant growth potential. In addition, drilling completed
to date has been relatively shallow in comparison to other mines in
the region."
The drill program is now complete and a number of samples are
currently in the lab pending analysis. Results announced to date
represent approximately 5,300 m of a total of 9,136 m drilled in
this program. The Company will announce further results as they
become available.
The Bousquet-Odyno
project is located approximately 6 km from IAMGOLD Corporation's
("IAMGOLD") Westwood mine and processing facilities. The following
video demonstrates the proximity of the Bousquet Odyno
project to regional infrastructure and the Westwood mill.
Figure 1: Plan map of the Bousquet-Odyno Project
indicating drill hole location.
Table 1: Results from the 2022
Bousquet-Odyno Drill Program including previously released holes
|
HOLE #
|
FROM
(m)
|
TO
(m)
|
LENGTH
(m)
|
AU
(g/t)
|
Metal Factor (g/t)
|
Zone
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-63
|
212.9
|
213.4
|
0.50
|
2.08
|
1
|
Main
|
Previously reported
|
|
and
|
215.5
|
217.0
|
1.50
|
1.99
|
3
|
|
Previously reported
|
|
and
|
226.0
|
226.6
|
0.60
|
0.58
|
|
|
|
|
and
|
229.0
|
230.5
|
1.50
|
1.70
|
3
|
|
Previously reported
|
|
and
|
301.0
|
322.0
|
21.00
|
5.23
|
110
|
|
Previously reported
|
|
incl.
|
308.5
|
319.0
|
10.50
|
10.14
|
107
|
|
Previously reported
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-64
|
104.0
|
112.0
|
8.00
|
1.78
|
14
|
Main
|
Previously reported
|
|
incl.
|
106.0
|
109.5
|
3.50
|
3.53
|
12
|
|
Previously reported
|
|
and
|
140.5
|
142.0
|
1.50
|
0.62
|
1
|
|
|
|
and
|
145.0
|
146.5
|
1.50
|
8.40
|
13
|
|
|
|
and
|
161.5
|
165.0
|
3.50
|
1.14
|
4
|
|
|
|
and
|
182.0
|
183.0
|
1.00
|
0.54
|
1
|
|
|
|
and
|
211.0
|
212.5
|
1.50
|
0.77
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-65
|
196.8
|
199.2
|
2.40
|
1.77
|
4
|
Main
|
Previously reported
|
|
and
|
224.5
|
225.3
|
0.80
|
0.82
|
1
|
|
|
|
and
|
229.9
|
230.4
|
0.50
|
0.82
|
0
|
|
|
|
and
|
239.0
|
242.5
|
3.50
|
1.26
|
4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-66
|
245.5
|
247.0
|
1.50
|
1.05
|
2
|
Main
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-67
|
209.5
|
226.0
|
16.50
|
1.16
|
19
|
Main
|
Previously reported
|
|
incl.
|
209.5
|
215.5
|
6.00
|
1.42
|
9
|
|
Previously reported
|
|
incl.
|
220.9
|
226.0
|
5.10
|
1.76
|
9
|
|
Previously reported
|
|
and
|
234.0
|
237.8
|
3.80
|
1.75
|
7
|
|
|
|
and
|
247.0
|
248.5
|
1.50
|
0.69
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-74
|
52.0
|
53.5
|
1.50
|
0.85
|
1
|
A
|
|
|
|
91.0
|
92.0
|
1.00
|
0.85
|
1
|
|
|
|
|
113.5
|
115.0
|
1.50
|
0.66
|
1
|
|
|
|
and
|
169.0
|
170.5
|
1.50
|
0.58
|
1
|
|
|
|
and
|
317.5
|
322.0
|
4.50
|
1.70
|
8
|
|
Previously reported
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-75
|
16.0
|
19.0
|
3.00
|
0.86
|
3
|
B
|
Previously reported
|
|
incl.
|
17.5
|
19.0
|
1.50
|
1.01
|
2
|
|
|
|
and
|
50.5
|
52.0
|
1.50
|
1.16
|
2
|
|
|
|
and
|
64.3
|
74.7
|
10.40
|
0.77
|
8
|
|
|
|
and
|
81.0
|
89.5
|
8.50
|
0.84
|
7
|
|
Previously reported
|
|
and
|
135.0
|
136.15
|
1.15
|
1.68
|
2
|
|
|
|
and
|
143.5
|
145.0
|
1.50
|
0.52
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-76
|
59.5
|
68.5
|
9.00
|
3.96
|
36
|
A
|
Previously reported
|
|
and
|
70.0
|
73.0
|
3.00
|
0.94
|
3
|
|
|
|
and
|
86.5
|
92.5
|
6.00
|
0.81
|
5
|
|
|
|
and
|
116.5
|
118.0
|
1.50
|
0.51
|
1
|
|
|
|
and
|
121.0
|
122.5
|
1.50
|
0.86
|
1
|
|
|
|
and
|
125.5
|
127.0
|
1.50
|
0.55
|
1
|
|
|
|
and
|
131.5
|
133.0
|
1.50
|
0.91
|
1
|
|
|
|
and
|
139.0
|
140.5
|
1.50
|
0.56
|
1
|
|
|
|
and
|
323.5
|
325.0
|
1.50
|
0.59
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-77
|
92.0
|
93.6
|
1.60
|
1.74
|
3
|
A
|
|
|
and
|
98.1
|
99.6
|
1.50
|
1.47
|
2
|
|
|
|
and
|
271.0
|
272.5
|
1.50
|
0.89
|
1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-78
|
23.5
|
33.0
|
9.50
|
1.37
|
13
|
D
|
|
|
Including
|
29.5
|
33.0
|
3.50
|
2.52
|
9
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-79
|
91.0
|
92.5
|
1.50
|
0.88
|
1
|
D
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-80
|
121.0
|
131.5
|
10.50
|
2.00
|
21
|
D
|
|
|
Including
|
121.0
|
127.0
|
6.00
|
2.97
|
18
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-81
|
61.0
|
64.0
|
3.00
|
1.42
|
4
|
A
|
|
|
|
73.0
|
100.0
|
27.00
|
1.36
|
37
|
|
|
|
Including
|
73.0
|
86.5
|
13.50
|
2.05
|
28
|
|
|
|
Including
|
80.5
|
86.5
|
6.00
|
3.18
|
19
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-88
|
250.0
|
257.5
|
7.50
|
1.99
|
15
|
Main
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-91
|
270.5
|
275.5
|
5.00
|
0.88
|
4
|
Main
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-92
|
278.0
|
284.0
|
6.00
|
0.87
|
5
|
Main
|
|
|
|
318.0
|
319.0
|
1.00
|
0.52
|
1
|
|
|
|
|
322.0
|
323.5
|
1.50
|
1.06
|
2
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-93
|
103.0
|
106.0
|
3.00
|
0.69
|
2
|
Main
|
|
|
|
110.5
|
116.5
|
6.00
|
0.92
|
6
|
|
|
|
|
121.0
|
123.0
|
2.00
|
1.97
|
4
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BO-22-94
|
210.7
|
214.2
|
3.50
|
1.66
|
6
|
Main
|
|
|
|
|
|
|
|
|
|
|
*True widths are estimated at 65 to 95%
of the core interval.
*Holes BO-22-68 to 73, and 82-89 are pending
Table 2: Drill Hole information
2022 Bousquet-Odyno Drill Program
|
HOLE-ID
|
EASTING
|
NORTHING
|
ELEVATION
|
AZIMUTH
|
DIP
|
EOH
|
|
BO-22-63
|
678417
|
5344358
|
357
|
350
|
-70
|
340
|
|
BO-22-64
|
678547
|
5344521
|
356
|
350
|
-70
|
377
|
|
BO-22-65
|
678586
|
5344500
|
352
|
343
|
-63
|
274
|
|
BO-22-67
|
678636
|
5344499
|
350
|
345
|
-55
|
298
|
|
BO-22-74
|
678051
|
5344412
|
339
|
180
|
-45
|
358
|
|
BO-22-75
|
678109
|
5344451
|
339
|
142
|
-45
|
325
|
|
BO-22-76
|
678119
|
5344282
|
339
|
142
|
-45
|
325
|
|
BO-22-77
|
677970
|
5344200
|
337
|
157
|
-45
|
316
|
|
BO-22-78
|
677372
|
5344032
|
339
|
343
|
-54
|
250
|
|
BO-22-79
|
677309
|
5344070
|
326
|
343
|
-54
|
139
|
|
BO-22-80
|
677315
|
5343999
|
325
|
343
|
-54
|
226
|
|
BO-22-81
|
678091
|
5344259
|
341
|
167
|
-50
|
199
|
|
BO-22-88
|
678559
|
5344451
|
347
|
350
|
-65
|
352
|
|
BO-22-91
|
678647
|
5344450
|
350
|
350
|
-55
|
400
|
|
BO-22-92
|
678751
|
5344611
|
350
|
345
|
-66
|
349
|
|
BO-22-93
|
678117
|
5344285
|
342
|
142
|
-70
|
208
|
|
BO-22-94
|
678068
|
5344413
|
350
|
142
|
-69
|
325
|
Qualified Person
Mr. Gilles Laverdière, P.Geo, consultant geologist and qualified
person under NI 43-101 has read and approved this press
release.
About Bousquet-Odyno
Bousquet-Odyno 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. 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.
Vanstar can earn a 75% interest in the project from IAMGOLD by
spending $4 million over four years. IAMGOLD will have the right to
back-in to 50% of the project.
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 a 1% NSR. The Nelligan Project won the "Discovery of the Year"
award at the 2019 Quebec Mineral Exploration Association Xplor
Gala. Vanstar is also earning 75% into the Bousquet-Odyno project
located along the Cadillac Break and owns 100% of the Felix
property in the Chicobi Group (Abitibi mining camp, 65 km East of
Amex Perron property), the Amanda property, a 7,306 ha property
located on the Auclair formation with historic gold showings up to
12.1 g/t Au over 3 meters, and the Frida and Eva properties located
in the James Bay area.
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).