Vanstar Intersects 2.34 g/t Au Over 19.6 Metres on the Liam Showing
28 5월 2014 - 10:00PM
Marketwired Canada
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(i) Grades
(metres) (metres) (g/t Au)
LI-14-15(ii) 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
(i) Real widths are not yet available.
(ii) 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Source:
Vanstar Mining Resources Inc.
Guy Morissette
CEO
819-763-5096
www.vanstarmining.com
Vanstar Mining Resources (TSXV:VSR)
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