Vanstar Resumes Drilling on the Liam Showing
March 10 2014 - 8:30AM
Marketwired Canada
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Source:
Guy Morissette
CEO
819-763-5096
www.vanstarmining.com
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