Gold as an investment

InvestmentPitch Media Video Discusses Vanstar Mining Resources’ Results from First Two Holes at Newly Optioned Bousquet-Odyno Project in Quebec, with 21m Grading 5.23 g/t gold, including 10.5m Grading 10.14 g/t gold

Sep 23, 2022

InvestmentPitch Media and Vanstar Mining Resources

InvestmentPitch Media and Vanstar Mining Resources

VANCOUVER, British Columbia, May 31, 2022 (GLOBE NEWSWIRE) -- Vanstar Mining Resources (TSXV:VSR) (OTCQX:VMNGF) (FSE:1V8) announced partial results from the first two holes drilled at the newly optioned Bousquet-Odyno project in Quebec. The Bousquet-Odyno property, comprised of 37 contiguous mining claims covering approximately 1,492 ha, 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.

A Media Snippet accompanying this announcement is available by clicking on the image or link below:

Vanstar Mining streaming video: Vanstar Mining streaming video

Vanstar Mining streaming video: Vanstar Mining streaming video

For more information, please view the InvestmentPitch Media video which provides additional information about this news and the company. The video is available for viewing on “ InvestmentPitch ” and on “ YouTube ”. If these links are not enabled, please visit www.InvestmentPitch.com and enter “Vanstar” in the search box.

Both Hole BO-22-63, which returned an intercept of 21 metres grading 5.23 g/t gold , including 10.5 metres grading 10.14 g/t gold and Hole BO-22-64, which returned an intercept of 6.5 metres grading 2.10 g/t gold, including 3.5 metres of 3.53 g/t gold, targeted zones below historical holes.

J.C. St-Amour, President and CEO, stated: “This is our maiden drill program on the Bousquet-Odyno Project and we are excited to see that high grades continue at depth below historical drilling on the project. This is a kilometric-sized gold system and high-grade gold has historically been identified closer to surface. Today's drill results targeted gold mineralization at a vertical depth of 275 m and is a significant step down from previous high-grade gold intercepts. I am enthusiastic about the potential to expand the known gold system with further drilling. As we know, the Abitibi gold belt is one of the most prolific gold systems in the world and deposits can start at surface and continue to depth for kilometers. We look forward to receiving further assay results from our drill program.”

Based on these encouraging early results, the company plans to increase the drill program by 5,000 metres to a total of 9,000 metres, to continue to test the high-grade zones at depth. Vanstar has an option to earn a 75% interest in the project from IAMGOLD by spending $4 million over four years, with IAMGOLD having the right to back-in to 50% of the project.

As a gold exploration company, Vanstar has several properties located in Northern Québec at different stages of development. It 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 also owns 100% of the Felix property in the Chicobi Group, 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 metres, and the Frida and Eva properties located in the James Bay area.

The shares are trading at $0.40

For more information, please visit the company’s website at www.VanstarMining.com , contact JC St-Amour, President and CEO, at 647-296-9871 or email jc@VanstarMining.com .

Disclaimer

The information in this InvestmentPitch Media Ltd video is for the viewers information only. Vanstar Mining Resources has paid a fee not exceeding $2,000 in cash to have its current news release produced in video format. The corporate information is based on information that is publicly available. Any information provided by InvestmentPitch Media Ltd., through its media services is not to be construed as a recommendation or suggestion or offer to buy or sell securities but is provided solely as an informational media service. InvestmentPitch Media Ltd makes no warranties or undertakings as to the accuracy or completeness of this information. All due diligence should be done by the viewer or their financial advisor. Investing in securities is speculative and carries risk.

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