Vanstar Mining Resources Inc. is pleased to announce that it is initiating a drilling program on its Felix property. A drill is expected to arrive on site this week to initiate a 2,000 m drill program that was designed to test gold targets within an iron formation identified with geophysics.A recently completed IP survey focused on a western portion of the property underlain by a folded banded iron formation …
Vanstar Mining Resources Inc. (TSXV: VSR) (OTCQX: VMNGF) (FSE: 1V8) (“Vanstar”, or the “Company”) is pleased to announce that it is initiating a drilling program on its Felix property. A drill is expected to arrive on site this week to initiate a 2,000 m drill program that was designed to test gold targets within an iron formation identified with geophysics.
A recently completed IP survey focused on a western portion of the property underlain by a folded banded iron formation (Figure 1) identified a number of chargeability and resistivity anomalies that are consistent with previously reported MEGATEM conductors. As a result, the Company has designed its drilling program (Figure 2) to intercept several conductors associated with the structural fold of the iron formation.
Figure 1: Felix Property IP Survey Area
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/8185/95902_b2bae6ddb40deb04_002full.jpg.
Figure 2: IP Survey and Planned Holes
To view an enhanced version of Figure 2, please visit:
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