Vanstar Mining Resources Inc (TSX-V:VSR, OTCQX:VMNGF) said that partial results from the first two holes drilled at the newly optioned Bousquet-Odyno project have shown encouraging results.
The gold exploration company said hole BO-22-63 returned an intercept of 21 metres (m) grading 5.23 grams per ton gold (g/t Au), including 10.5m grading 10.14 g/t Au while Hole BO-22-64 returned an intercept of 6.5m grading 2.10 g/t Au, including 3.5m of 3.53 g/t Au. The holes targeted zones below historical holes and demonstrate that high grades continue at depth.
"This is our maiden drill program on the Bousquet-Odyno Project and we are excited to see that high grades continue at depth below historical drilling on the project. This is a kilometric-sized gold system and high-grade gold has historically been identified closer to surface,” J.C. St-Amour, the company's president and CEO, said in a statement.
READ: Vanstar Mining begins 4,000-metre drill program at Bousquet-Odyno in Quebec
“Today's drill results targeted gold mineralization at a vertical depth of 275m and is a significant step down from previous high-grade gold intercepts. I am enthusiastic about the potential to expand the known gold system with further drilling. As we know, the Abitibi gold belt is one of the most prolific gold systems in the world and deposits can start at surface and continue to depth for kilometers. We look forward to receiving further assay results from our drill program," he added.
Based on these encouraging early results, the company further announced that it will increase the drill program by 5,000m to a total of 9,000m. The program will continue to test high grade zones at depth.
Bousquet-Odyno comprises 37 contiguous mining claims covering approximately 1,492 hectares in 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.
Contact the author at jon.hopkins@proactiveinvestors.com