Vanstar Mining Resources Inc.
TSX VENTURE : VSR

Vanstar Mining Resources Inc.

December 04, 2013 13:31 ET

Vanstar Completes 3 Additional Drill Holes on the New Liam Gold Showing

LA PRAIRIE, QUEBEC--(Marketwired - Dec. 4, 2013) - The management of Vanstar Mining Resources Inc. (TSX VENTURE:VSR) is very pleased to announce that each of the 3 drill holes located on the new Liam gold showing, intersected the altered and mineralized structure on widths ranging from 30 to 40 metres. These 3 drill holes were done in order to verify the lateral and in-depth extensions of the new Liam gold showing discovered last November on the Nelligan property.

Drill hole NE13-07, located 50 metres behind drill hole NE13-04, intersected the altered and mineralized zone on over 40 metres, along the hole. Two additional altered and mineralized sections were also intersected in this same drill hole.

Drill holes NE13-08 and NE13-09, located 50 metres on both sides of NE13-04, also intersected the new structure on widths ranging from 30 to 40 metres, along the hole.

Assay results are expected within the coming days.

The Liam gold showing was discovered in November 2013 with drill hole NE13-04 (See November 26, 2013 press release). This hole was testing a low magnetic anomaly recognized on a length of more than 900 metres. This important gold structure was intersected at shallow depths and could result in an open pit exploitation.

The Liam gold zone lies within an intensive deformation corridor which is interpreted to coincide with a NE-SW low mag anomaly. Hosted in a meta-sedimentary environment, the core of the zone is strongly silicified with 1-2% disseminated pyrite over 20 meters of core length. A sericite-fuschite schist unit along with a sheared and mineralized Iron Formation are observed along the south contact. A horizon of amphibolite hosting 5-10% silicified and mineralized veinlets, with traces of molybdenum, is observed along the north contact. Gold distribution seems to be homogeneous within the matrix of this new gold zone.

So far, the drilling data shows a major gold showing with significant length, width and depth. The zone remains open laterally and at depth. On the base of the upcoming assays, management is considering starting a new drilling campaign to maximize the potential of the zone. The low magnetic anomaly seems to be a very good indicator for the location of future drill holes.

Another low magnetic anomaly located east of the Liam showing will be drill tested. Management believes that it could be the extension of the main anomaly but that it was intersected and slightly shifted south by a major fault.

Dril hole NE13-01 intersected a gold zone at the east extremity of this anomaly. (See November 26 press release).

Nelligan Project

The 100% owned Nelligan property consists of 40 cells totaling 2,080 hectares. It is located approximately 45 kilometers south of the village of Chapais and is accessible year round by several forestry roads. A power line crosses the area some 4 kilometers to the east of the project. No constraints such as protected parks or ecological reserve limit mining exploration on the property.

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. Samples were prepared at the company's logging facility and assays done by Laboratoire Expert in Rouyn-Noranda.

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.

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