Vanstar Reports Drill Intersection of 3.23 g/t Au Over 7.99 Meters on Newly Discovered 36 Gold Zone
LA PRAIRIE, QUEBEC--(Marketwired - June 1, 2017) - The management of Vanstar Mining Resources (TSX VENTURE:VSR)(FRANKFURT:1V8) is pleased to confirm the discovery of a potential new gold horizon located between the Liam and North Sector zones, on Nelligan Project, located in the Chapais-Chibougameau mining area.
According to preliminary interpretation, the results from holes NE-17 55 and NE-17-56 have extended what is now referred as Zone 36 which was previously intersected by hole NE-16-36 in 2016 with 3.20 g/t Au over 17.97 metres, including 6.78 g/t Au over 4.2 metres. Winter 2017 drilling highlights include: 1.16 g/t Au over 23.96 metres in hole NE-17-55 including 2.34 g/t Au over 5.4 metres and 3.23 g/t Au over 7.99 metres in hole NE-17-56.
IAMGOLD Corporation has provided assay results from the first seven drill holes, totaling just over 2,700 metres, from a total of 17 diamond drill holes, totaling 7,669 metres, completed this past winter.
The zone Renard which is part of the North Sector continues to be systematically intersected in the recently completed drill holes program with results of up to 1.29 g/t Au over 29.9 metres obtained in hole NE-17- 51.
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2017 Drill Map: http://media3.marketwire.com/docs/Carteforage2017_june%201.jpg
2017 MagMap : http://media3.marketwire.com/docs/MagMapJune.png
Table 1: Drill Hole Assay Results
| Hole No | From | To | True Width | Au | Zone |
| (m) | (m) | (m) | g/t | ||
| NE-17-51 | 88.80 | 97.50 | 7.88 | 1.17 | 36 (?) |
| 292.80 | 305.50 | 9.73 | 0.80 | Renard | |
| Including | 298.50 | 301.50 | 2.30 | 1.12 | |
| 333.30 | 369.80 | 29.90 | 1.29 | Renard | |
| Including | 333.30 | 334.50 | 1.13 | 6.28 | |
| And | 360.30 | 366.00 | 4.67 | 1.84 | |
| 433.50 | 435.00 | 1.23 | 9.48 | ||
| NE-17-52 | 55.00 | 57.95 | 2.77 | 1.79 | |
| 188.60 | 202.50 | 10.65 | 0.74 | Renard | |
| Including | 194.90 | 197.00 | 1.61 | 1.45 | |
| NE-17-53 | 28.90 | 33.00 | 3.55 | 1.47 | 36 |
| 36.42 | 40.40 | 3.74 | 1.57 | 36 | |
| Incluant | 37.20 | 38.20 | 0.91 | 4.79 | |
| 316.50 | 324.00 | 7.05 | 0.99 | Renard | |
| 355.50 | 361.50 | 5.64 | 0.96 | ||
| 366.00 | 368.10 | 1.97 | 2.59 | ||
| 421.50 | 433.50 | 10.88 | 0.92 | ||
| NE-17-54 | No significant results | ||||
| NE-17-55 | 32.18 | 38.00 | 5.47 | 1.31 | Dan |
| 144.00 | 148.70 | 4.42 | 1.90 | Liam | |
| 293.90 | 301.50 | 7.14 | 1.24 | 36 | |
| 309.00 | 334.50 | 23.96 | 1.16 | 36 | |
| Including | 310.50 | 316.50 | 5.64 | 2.54 | |
| 438.00 | 442.00 | 3.76 | 2.45 | ||
| 450.00 | 464.00 | 13.16 | 1.74 | Renard | |
| Including | 450.00 | 451.00 | 0.94 | 7.25 | |
| Including | 456.00 | 456.90 | 0.85 | 5.21 | |
| NE-17-56 | 181.25 | 183.95 | 2.34 | 4.83 | Liam |
| 267.67 | 274.90 | 6.79 | 1.25 | 36 | |
| 280.50 | 289.00 | 7.99 | 3.23 | 36 | |
| Including | 284.00 | 284.94 | 0.88 | 18.05 | |
| 413.80 | 425.50 | 10.99 | 0.82 | ||
| 453.00 | 467.00 | 13.16 | 1.27 | Renard | |
| Including | 455.67 | 456.25 | 0.55 | 15.50 | |
| NE-17-57 | No significant results. | ||||
Further results from drill holes ( NE-17-58 to NE-17-67 ) are pending and will be reported once they are received, validated and compiled.
This press release has been read and approved by Gilles Laverdi??re, Geologist and Qualified Person under National Instrument 43-101.
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.
Vanstar Mining Resources Inc.
Guy Morissette
CEO
819-763-5096
gmvanstar@vanstarmining.com
www.vanstarmining.com