2014年1月7日星期二

Here are 3 Canadian projects with new gold, uranium targets about to be drilled


Always with a focus on new targets, today I hit on three projects: two gold and one uranium, all located in Canada. 
NELLIGAN PROJECT, QUEBEC
Vanstar Mining's president and CEO Guy Morisette filled me in last week about Vanstar's coming drill program at the Liam target on the Nelligan gold project in Quebec. Nelligan, and the Liam target have been lightly drilled with some strong intercepts late last year. Vanstar cut as much as 12 metres @ 4.69 g/t gold
Weather permitting, Morissette said drilling would start mid-January. The scale of the program might grow, depending on initial results, but would start off with about1,000 metres in six drillholes peppered along strike a 900-metre-long gravity anomaly at Liam. So far it's mostly undrilled apart from a handful of drillholes at its southeast extent, which produced the aforementioned intercept (image below). Morissette said several geologists, looking at results so far, have told him it looks like "strong system."
The Nelligan project is in the vicinity of TomaGold's Monster Lake project (which is 15 km to the northwest) where intercepts began picking up high grades last year. Iamgold subsequently optioned Monster Lake.
TSX-V: VSR
24.3 million shares outstanding
C$3.6 million marketcap
C$0.15 shareprice

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