Vanstar Mining Resources Inc.
TSX VENTURE : VSR

Vanstar Mining Resources Inc.

April 11, 2012 14:44 ET

Vanstar: Drilling Program on Little Monster

LA PRAIRIE, QUEBEC--(Marketwire - April 11, 2012) - The management of Vanstar Mining Resources Inc. (TSX VENTURE:VSR) is preparing a 2,000-meter drilling campaign on the Little Monster project. Comprised of 20 cells covering an area of 1,040 hectares, this property is located in the South-east extension of the Fancamp deformation corridor and borders to the East, TomaGold Corporation's Monster Lake project which announced this morning a new and major gold discovery (237.6 g/t Au over 5.7 m - PR April 11, 2012). The Monster Lake property is also known to contain many gold, silver and copper showings, namely, Cominco (1.37 g/t Au over 2.1 m - channel sampling), Zone 45 (2.09 g/t Au over 3.2 m including 4.34 g/t Au over 1.15 m), Zone 52 (2.24 g/t Au over 14.0 m including 11.33 g/t Au, 13.1 g/t Ag and 0.63 % Cu over 2.0 m), Drill hole 993-91-33 (4.57 g/t Au over 1.0 m) and Trois chemin (106.7 g/t Au in a chosen sample). The Little Monster project is a 50-50 joint-venture with Northcore Resources Inc. Vanstar is the project manager.

Access the location map for Little Monster : http://media3.marketwire.com/docs/Fig_monster_lake.jpg.

In the area of the Fancamp deformation corridor, which is known on many dozens of kilometres, we can find many gold deposits and showings, namely :

  • Monster Lake
    • 237.6 g/t Au over 5.7 metres (M-12-60 / PR April 11, 2012)
    • 76.53 g/t Au over 2 metres (drill hole M-24-11- PR August 16, 2011)
    • 8.38 g/t Au over 2 metres (drill hole M-36-11)
  • Chevrier
    • 8.3 million mt with grades of 2.28 g/t Au (GM 52088)
  • Chevrier Sud
    • 230 million mt with grades of 0.3 g/t Au (MB-97-32)
  • Murgor A and B
    • 45.76 g/t Au over 6.10 metres (GM29936- channel)
    • 12.70 g/t Au over 3 metres (GM 29936- drilling)
  • Murgor C
    • 4.17 g/t Au over 3 metres (GM51718- drilling)
  • Winchester
    • 1.07 g/t Au over 1.52 metres (GM43518)
  • Monster Lake
    • 76.53 g/t Au over 2 metres (drill hole M-24-11- PR August 16, 2011)
    • 8.38 g/t Au over 2 metres (drill hole M-36-11)
  • Croteau
    • 12.74 g/t Au over 5.85 metres (drill hole CRO11- 05- PR March 1st, 2012)
    • 12.76 g/t Au over 8.75 metres (drill hole CRO11-05)
    • 4.58 g/t Au over 6 metres (drill hole CRO11-06)

Most of the structures that intersect the Fancamp deformation corridor generate numerous gold exploration targets. In the South-West extension of the property, lies the Opawica-Guercheville deformation zone which contains the important Obatogameau Fault. Many gold deposits and showings can also be found in this area, namely the Philibert deposits (1.4 million mt @ 5.32 g/t Au - DV-93-01), Lac Meston (1.225 million mt @ 6.35 g/t Au - MB-89-17) or the former Joe Mann Mine (1.52 million mt @ 11 g/t Au - GM 44408)

This drilling campaign will follow the previously announced Nelligan project drilling.

This work will be supervised by Mr. Daniel Kelly, independent engineer and Qualified Person under NI 43-101. Mr. Kelly read and approved this press release.

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.

Contact Information

  • Source :
    Guy Morissette
    CEO
    514-712-9753
    www.vanstarmining.com

    For info :
    Momentum Public Relations Inc.
    Maxence Gagne-Godbout
    450-332-6939