Vanstar Resumes Drilling on the Liam Showing
10 3월 2014 - 10:30PM
Marketwired
Vanstar Resumes Drilling on the Liam Showing
LA PRAIRIE, QUEBEC--(Marketwired - Mar 10, 2014) - Following the
latest drill results from the Liam showing, the management of
Vanstar Mining Resources Inc. (TSX-VENTURE:VSR) announces the start
of a new 2000-meter drilling campaign on the Liam zone and on the
Mila showing located east of the Liam zone. This drilling program
will verify the east extension of the Liam zone as well as its
extension at depth.
Three of the four
drill holes ( LI14-10 to LI14-13) done in early 2014 were spaced 50
metres apart and tested the west extension of the Liam zone. Those
3 holes intersected the targeted zone while drill hole LI-14-14,
located 50 metres behind drill hole NE-13-08, intersected the
targeted zone more at depth. Management already observed the
presence of visible gold in certain previous holes which could
explain the variations in the results. The presence of molybdenum
is also observed in the most of the drill holes.
The most significant
results are presented in the following table.
Mag map with drill
holes :
http://file.marketwire.com/release/931646_VanstarMap.pdf
DRILL RESULTS - LIAM ZONE - JANUARY
AND FEBRUARY 2014.
Drill Hole |
Zone |
From - To |
Width |
Grades |
|
|
(metres) |
(metres) |
(g/t Au) |
|
LI-14-10 |
Liam |
69.40 - 91.50 |
22.10 |
0.66 |
Including |
|
74.40 - 90.00 |
15.60 |
0.86 |
Including |
|
74.30 - 84.00 |
9.60 |
1.16 |
Including |
|
74.40 - 81.00 |
6.60 |
1.47 |
Including |
|
76.20 - 81.00 |
4.80 |
1.72 |
|
LI-14-11 |
Liam |
55.50 - 72.40 |
16.90 |
0.80 |
Including |
|
55.50 - 60.60 |
5.10 |
1.09 |
Including |
|
68.00 - 72.40 |
4.40 |
1.31 |
Including |
|
68.00 - 71.05 |
3.05 |
1.76 |
LI-14-12 |
Liam |
82.10 - 97.80 |
15.70 |
1.64 |
Including |
|
83.60 - 96.40 |
12.80 |
1.95 |
Including |
|
83.60 - 88.90 |
5.30 |
3.01 |
|
|
83.60 - 84.55 |
0.95 |
2.86 |
|
|
84.55 - 85.15 |
0.60 |
2.06 |
|
|
85.15 - 86.45 |
1.30 |
1.82 |
|
|
86.45 - 87.70 |
1.25 |
5.69 |
|
|
87.70 - 88.90 |
1.20 |
2.10 |
|
|
88.90 - 90.40 |
1.50 |
0.53 |
|
|
90.40 - 91.90 |
1.50 |
1.43 |
|
|
91.90 - 93.40 |
1.50 |
1.19 |
|
|
93.40 - 94.90 |
1.50 |
1.02 |
|
|
94.90 - 96.40 |
1.50 |
1.84 |
|
LI-14-13 |
|
Non-significant |
|
|
|
LI-14-14 |
Liam |
130.75 - 151.50 |
20.75 |
1.30 |
Including |
|
132.25 - 150.00 |
17.75 |
1.47 |
Including |
|
133.75 - 139.50 |
5.75 |
2.98 |
Including |
|
136.50 - 139.50 |
3.00 |
3.78 |
|
|
132.25 - 133.75 |
1.50 |
0.69 |
|
|
133.75 - 148.50 |
14.75 |
1.65 |
Including |
|
133.75 - 135.00 |
1.25 |
1.21 |
|
|
135.00 - 136.50 |
1.50 |
2.85 |
|
|
136.50 - 138.00 |
1.50 |
1.06 |
|
|
138.00 - 139.50 |
1.50 |
6.51 |
|
|
139.50 - 141.00 |
1.50 |
0.68 |
|
|
141.00 - 142.50 |
1.50 |
0.21 |
|
|
142.50 - 144.00 |
1.50 |
0.42 |
|
|
144.00 - 145.50 |
1.50 |
0.84 |
|
|
145.50 - 147.00 |
1.50 |
1.36 |
|
|
147.00 - 148.50 |
1.50 |
1.26 |
|
|
148.50 - 150.00 |
1.50 |
0.48 |
The Liam zone is now
known over a distance of 250 metres and remains open in all
directions.
Regarding drill hole
LI14-13, fold showings (parasite folds) were observed, possibly
explaining a displacement. Moreover, the geophysical survey shows
important folds in the areas of Liam, Mila and Lac d'Eu. More drill
holes will take place in this area in order to find the gold
zone.
The company is
planing an aerial EM geophysical survey that will cover the entire
property. This survey, combined with a ground IP survey, will
identify the next geophysical targets.
«We completed 9
drill holes so far on this new showing and the main horizons are
present in almost every drill hole. We are fortunate to have found
a new gold structure within an underexplored area which allows us
to be optimistic for the future. Drilling, geophysics and stripping
will help us outline the gold zones of this area and that is what
we intend to do in the coming months.» stated Mr. Guy Morissette,
CEO of the company.
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:Guy MorissetteCEO819-763-5096www.vanstarmining.com
Vanstar Mining Resources (TSXV:VSR)
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