Vanstar Acquires 13 Cells Near its Nelligan Project
(firmenpresse) - LA PRAIRIE, QUEBEC -- (Marketwired) -- 11/26/14 -- The management of Vanstar Mining Resources Inc. (TSX VENTURE: VSR) wishes to announce the acquisition of a 100% interest in the Emile project immediately located near its Nelligan project and south to the Anik project belonging to Geomega Resources. Many gold structures are known in the area, in particular Liam gold structure discovered by Vanstar on its Nelligan project, recently optioned by IAMGOLD (November 17, 2014 Press Release).
Emile project was acquired from an arm's length company in consideration for the issuance of 400,000 shares. No royalty has been granted for this project.
Also, the Company acquired by map designation 58 cells covering an area of about 3,200 hectares. These cells, separated into two mining blocks either the Danny Boy block composed of 20 cells and the Melissa block composed 38 cells. Both projects are located in the Otish Mountains. The underlying geology of the two claim blocks consists of an assembly of volcano-sedimentary rocks favorable for gold mineralization.
Visible Gold recently announced the discovery of angular boulders composed of semi-massive to massive sulphides containing up to 142 g/t gold, with associated silver, copper and zinc in an area known mainly for uranium and diamonds. The type of mineralization discovered may also be usually found in volcano-sedimentary environments.
Cautions Regarding Forward-Looking Statements
This news release contains forward-looking statements regarding our intentions and plans. The forward-looking statements that are contained in this news release are based on various assumptions and estimates by the Company and involve a number of risks and uncertainties. As a consequence, actual results may differ materially from results forecasted or suggested in these forward-looking statements and readers should not place undue reliance on forward-looking statements. We caution you that such forward-looking statements involve known and unknown risks and uncertainties, as discussed in the Company's filings with Canadian securities agencies. Various factors may prevent or delay our plans, including but not limited to, contractor availability and performance, weather, access, mineral prices, success and failure of the exploration and development carried out at various stages of the program, and general business, economic, competitive, political and social conditions. The Company expressly disclaims any obligation to update any forward- looking statements, except as required by applicable securities laws.
Maps are available at the following addresses :
Neither the TSX Venture Exchange nor its regulatory services provider accepts responsibility for the adequacy or accuracy of this press release.
Contacts:
Guy Morissette
President
819-762-5035
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Unternehmensinformation / Kurzprofil:
Datum: 26.11.2014 - 14:28 Uhr
Sprache: Deutsch
News-ID 355600
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contact information:
Town:
LA PRAIRIE, QUEBEC
Kategorie:
Mining & Metals
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"Vanstar Acquires 13 Cells Near its Nelligan Project"
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