The Company reported that nearly all the holes have intercepted multiple wide intercepts of gold mineralization at higher-than-average grades.
The Nelligan Gold project (on a 100% basis) hosts Inferred Mineral Resources containing 3.2 million ounces of gold grading 1.02 g/t Au.
Nelligan Next Steps
The summer exploration program is underway and will evaluate other priority targets on the exploration property with focused geological mapping programs supported by geochemical and geophysical surveys as merited. Along with field work the geological, geochemical and structural models have been updated with the latest drill results and will support an updated resource estimation for the Nelligan project projected for the end of 2022.
Stock Option Distribution
In addition, following its recent Annual General Meeting, the Company announces that the board of directors has conducted its annual compensation review and will grant 2,625,000 options to officers, directors, and consultants to the company pursuant to its stock option plan. Given the coincident timing of the Nelligan results, the options will be granted effective
About Vanstar
Contact:
Tel: +1 (647) 296-9871
Email: jc@vanstarmining.com
Web: www.vanstarmining.com
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. 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
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