Vanstar Mining Announces Additional Drill Results and Identifies New Zone at Bousquet-Odyno

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    Vanstar Mining Resources Inc(“Vanstar”, or the “Company”) is pleased to announce additional results from its drill program at Bousquet-Odyno project. The results received to date have identified at least 5 mineralized zones, including a newly defined zone to the south-west of the Main zone (the “Zone D”). Today’s results include data from 17 drill holes, with assay results pending from a further 14 holes.

    Highlights include:

    Zone A

    BO-22-81: 27.0 m @ 1.36 g/t Au, including 13.5 m @ 2.05 g/t Au, and including 6.0 m @ 3.18 g/t Au

    Main Zone

    BO-22-88: 7.5 m @ 1.99 g/t Au

    Zone D

    BO-22-80: 10.5 m @ 2.00 g/t Au, including 6.0 m @ 2.97 g/t Au

    BO-22-78: 9.5 m @ 1.37 g/t Au, including 3.5 m @ 2.52 g/t Au

    Drilling in 2022 has identified wide intercepts of mineralized quartz stringer zones in most zones. In the main zone, drilling has both identified broad high-grade gold at depth (see previous new releases on May 30, 2022 and June 20, 2022) and has defined continuity of multiple stringer zones. Zone A includes one of the widest intercepts on the project with 27 m grading 1.36 g/t Au in hole BO-22-81. The newly defined Zone D is of particular interest where holes BO-22-78 and 80 have intercepted 9.5 m grading 1.37 g/t Au and 10.5 m grading 2.00 g/t Au, respectively, in proximity of historical hole 80-3, which intercepted 6.0 m grading 3.38 g/t Au. This zone may be a faulted continuation of the Main Zone with potential to expand or it can also be a cross-structure which opens new targets. See Figure 1 for a plan map indicating the location of released hole and Table 1 for a list of results to date from the current drill program.

    J.C. St-Amour, President and CEO, said “We are pleased with the results of the drill program to date. We are finding more wide intercepts of mineralized stringer zones that complement previously reported high grade intervals on the property. In addition to highlighting high-grade potential at depth, all zones remain open along strike with the possibility that they may join. Zone D is a newly defined area with multiple wide intercepts of mineralization with significant growth potential. In addition, drilling completed to date has been relatively shallow in comparison to other mines in the region.”

    The drill program is now complete and a number of samples are currently in the lab pending analysis. Results announced to date represent approximately 5,300 m of a total of 9,136 m drilled in this program. The Company will announce further results as they become available.

    The Bousquet-Odyno project is located approximately 6 km from IAMGOLD Corporation’s (“IAMGOLD”) Westwood mine and processing facilities. The following video demonstrates the proximity of the Bousquet Odyno project to regional infrastructure and the Westwood mill.

    Figure 1: Plan map of the Bousquet-Odyno Project indicating drill hole location.

    Table 1: Results from the 2022 Bousquet-Odyno Drill Program including previously released hole

    HOLE# FROM           (m) TO                  (m) LENGTH                (m)  AU              (g/t)

    Metal Factor (g/t)

    Zone

     

               

     

     
    BO-22-63

    212.9

    213.4

    0.50

    2.08

    1

    Main

    Previously reported
    and

    215.5

    217.0

    1.50

    1.99

    3

     

    Previously reported
    and

    226.0

    226.6

    0.60

    0.58

     

     

     
    and

    229.0

    230.5

    1.50

    1.70

    3

     

    Previously reported
    and

    301.0

    322.0

    21.00

    5.23

    110

     

    Previously reported
    incl.

    308.5

    319.0

    10.50

    10.14

    107

     

    Previously reported
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-64

    104.0

    112.0

    8.00

    1.78

    14

    Main

    Previously reported
    incl.

    106.0

    109.5

    3.50

    3.53

    12

     

    Previously reported
    and

    140.5

    142.0

    1.50

    0.62

    1

     

     
    and

    145.0

    146.5

    1.50

    8.40

    13

     

     
    and

    161.5

    165.0

    3.50

    1.14

    4

     

     
    and

    182.0

    183.0

    1.00

    0.54

    1

     

     
    and

    211.0

    212.5

    1.50

    0.77

    1

     

     
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-65

    196.8

    199.2

    2.40

    1.77

    4

    Main

    Previously reported
    and

    224.5

    225.3

    0.80

    0.82

    1

     

     
    and

    229.9

    230.4

    0.50

    0.82

    0

     

     
    and

    239.0

    242.5

    3.50

    1.26

    4

     

     
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-66

    245.5

    247.0

    1.50

    1.05

    2

    Main

     
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-67

    209.5

    226.0

    16.50

    1.16

    19

    Main

    Previously reported
    incl.

    209.5

    215.5

    6.00

    1.42

    9

     

    Previously reported
    incl.

    220.9

    226.0

    5.10

    1.76

    9

     

    Previously reported
    and

    234.0

    237.8

    3.80

    1.75

    7

     

     
    and

    247.0

    248.5

    1.50

    0.69

    1

     

     
     

     

     

     

     

     

     

     
    BO-22-74

    52.0

    53.5

    1.50

    0.85

    1

    A

     
     

    91.0

    92.0

    1.00

    0.85

    1

     

     
     

    113.5

    115.0

    1.50

    0.66

    1

     

     
    and

    169.0

    170.5

    1.50

    0.58

    1

     

     
    and

    317.5

    322.0

    4.50

    1.70

    8

     

    Previously reported
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-75

    16.0

    19.0

    3.00

    0.86

    3

    B

    Previously reported
    incl.

    17.5

    19.0

    1.50

    1.01

    2

     

     
    and

    50.5

    52.0

    1.50

    1.16

    2

     

     
    and

    64.3

    74.7

    10.40

    0.77

    8

     

     
    and

    81.0

    89.5

    8.50

    0.84

    7

     

    Previously reported
    and

    135.0

    136.15

    1.15

    1.68

    2

     

     
    and

    143.5

    145.0

    1.50

    0.52

    1

     

     
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-76

    59.5

    68.5

    9.00

    3.96

    36

    A

    Previously reported
    and

    70.0

    73.0

    3.00

    0.94

    3

     

     
    and

    86.5

    92.5

    6.00

    0.81

    5

     

     
    and

    116.5

    118.0

    1.50

    0.51

    1

     

     
    and

    121.0

    122.5

    1.50

    0.86

    1

     

     
    and

    125.5

    127.0

    1.50

    0.55

    1

     

     
    and

    131.5

    133.0

    1.50

    0.91

    1

     

     
    and

    139.0

    140.5

    1.50

    0.56

    1

     

     
    and

    323.5

    325.0

    1.50

    0.59

    1

     

     
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-77

    92.0

    93.6

    1.60

    1.74

    3

    A

     
    and

    98.1

    99.6

    1.50

    1.47

    2

     

     
    and

    271.0

    272.5

    1.50

    0.89

    1

     

     
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-78

    23.5

    33.0

    9.50

    1.37

    13

    D

     
    Including

    29.5

    33.0

    3.50

    2.52

    9

     

     
             

     

     

     
     

     

     

     

     

     

     

     
    BO-22-79

    91.0

    92.5

    1.50

    0.88

    1

    D

     
     

     

     

     

     

     

     

     
     

     

     

     

     

     

     

     
    BO-22-80

    121.0

    131.5

    10.50

    2.00

    21

    D

     
    Including

    121.0

    127.0

    6.00

    2.97

    18

     

     
             

     

     

     
     

     

     

     

     

     

     

     
    BO-22-81

    61.0

    64.0

    3.00

    1.42

    4

    A

     
     

    73.0

    100.0

    27.00

    1.36

    37

     

     
    Including

    73.0

    86.5

    13.50

    2.05

    28

     

     
    Including

    80.5

    86.5

    6.00

    3.18

    19

     

     
       

     

     

     

     

     

     
             

     

     

     
    BO-22-88

    250.0

    257.5

    7.50

    1.99

    15

    Main

     
             

     

     

     
             

     

     

     
    BO-22-91

    270.5

    275.5

    5.00

    0.88

    4

    Main

     
             

     

     

     
             

     

     

     
    BO-22-92

    278.0

    284.0

    6.00

    0.87

    5

    Main

     
     

    318.0

    319.0

    1.00

    0.52

    1

     

     
     

    322.0

    323.5

    1.50

    1.06

    2

     

     
             

     

     

     
             

     

     

     
    BO-22-93

    103.0

    106.0

    3.00

    0.69

    2

    Main

     
     

    110.5

    116.5

    6.00

    0.92

    6

     

     
     

    121.0

    123.0

    2.00

    1.97

    4

     

     
             

     

     

     
             

     

     

     
    BO-22-94

    210.7

    214.2

    3.50

    1.66

    6

    Main

     
               

     

     

    *True widths are estimated at 65 to 95% of the core interval.

    *Holes BO-22-68 to 73, and 82-89 are pending.

    Table 2: Drill Hole information 2022 Bousquet-Odyno Drill Program

    HOLE-ID EASTING NORTHING ELEVATION AZIMUTH DIP EOH
    BO-22-63 678417 5344358 357 350 -70 340
    BO-22-64 678547 5344521 356 350 -70 377
    BO-22-65 678586 5344500 352 343 -63 274
    BO-22-67 678636 5344499 350 345 -55 298
    BO-22-74 678051 5344412 339 180 -45 358
    BO-22-75 678109 5344451 339 142 -45 325
    BO-22-76 678119 5344282 339 142 -45 325
    BO-22-77 677970 5344200 337 157 -45 316
    BO-22-78 677372 5344032 339 343 -54 250
    BO-22-79 677309 5344070 326 343 -54 139
    BO-22-80 677315 5343999 325 343 -54 226
    BO-22-81 678091 5344259 341 167 -50 199
    BO-22-88 678559 5344451 347 350 -65 352
    BO-22-91 678647 5344450 350 350 -55 400
    BO-22-92 678751 5344611 350 345 -66 349
    BO-22-93 678117 5344285 342 142 -70 208
    BO-22-94 678068 5344413 350 142 -69 325

    Qualified Person

    Mr. Gilles Laverdière, P.Geo, consultant geologist and qualified person under NI 43-101 has read and approved this press release.

    About Bousquet-Odyno

    Bousquet-Odyno is comprised of 37 contiguous mining claims covering approximately 1,492 ha and 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. Vanstar can earn a 75% interest in the project from IAMGOLD by spending $4 million over four years. IAMGOLD will have the right to back-in to 50% of the project.

    About Vanstar

    Vanstar Mining Resources Inc. is a gold exploration company with properties located in Northern Québec at different stages of development. The Company 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 is also earning 75% into the Bousquet-Odyno project located along the Cadillac Break and owns 100% of the Felix property in the Chicobi Group (Abitibi mining camp, 65 km East of Amex Perron property), 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 meters, and the Frida and Eva properties located in the James Bay area.

    Source :

    JC St-Amour.
    President and CEO
    +1 (647) 296-9871

    www.vanstarmining.com

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