# Vanstar Announces Start of 10,000-Metre Drilling Program at Nelligan Gold Project Canonical Atlas analysis: https://atlas-extractions.minestarters.com/news/vanstar-announces-start-of-10-000-metre-drilling-program-at-nelligan-gold-projec--c6a0cf06-c2fd-444a-8c7f-a92d71ee6989 Original source: https://money.tmx.com/en/quote/VSR/news/5679120635426982/vanstar-announces-start-of-10-000-metre-drilling-program-at-nelligan-gold-projec Publisher: tmx Original announcement: 2023-03-01T12:00:00.000Z Analysis by Minestarters Atlas Atlas analysis published: Unknown date Atlas analysis updated: Unknown date - Company: Vanstar Mining Resources Inc. - Ticker: VSR - Exchange: TSX - Region: Quebec, Canada - Primary commodity: Gold - Secondary commodities: None reported - Document categories: Resource update, Drill results, Other - Extracted: 2026-09-13 07:00:30 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Vanstar Mining Resources has announced the commencement of a 10,000-metre diamond drilling program at the Nelligan Gold Project in Quebec. The program, conducted via a joint venture with IAMGOLD, aims to test for resource extensions, perform infill drilling for resource conversion, and evaluate new targets. Reasoning: The announcement marks the start of a significant exploration campaign at a known gold project, though it does not report new assay results. - Positive factor: commencement of 10,000m drilling program - Positive factor: program includes both extension and infill drilling - Positive factor: existing resource base is significant Facts used in scoring: 3 ## Classification and evidence **Infill Drilling** Polarity: neutral Definition: Confirmatory drilling to raise resource confidence, not new discovery. Why it applies: The program objectives explicitly include infill drilling to convert inferred resources to indicated. Evidence · text > infill drilling to continue to convert inferred resources to the indicated category **Step-Out Extension** Polarity: positive Definition: Mineralization extended beyond the previously known limit. Why it applies: The program includes testing for extensions to expand known resources. Evidence · text > testing for extensions to expand the known resources ## Extracted facts Stored fact records: 3. Some facts used in scoring do not have a stored record. ## Drill Results (1) ### Fact 1 [Link to this fact](https://atlas-extractions.minestarters.com/news/vanstar-announces-start-of-10-000-metre-drilling-program-at-nelligan-gold-projec--c6a0cf06-c2fd-444a-8c7f-a92d71ee6989#fact-drill-facts-0) Needs review: drill\_no\_hole\_id #### Identity - Region: canada\_qc - Reported Region: canada\_qc - Ticker: VSR #### Classification - Sample Type: drill #### QA/QC - QP Signed: Yes #### Review - Needs Review: Yes - Review Reason: drill\_no\_hole\_id - Interp. Status: scored - Historical: No #### Dates - Event date: 2023-03-01T00:00:00.000Z Reasoning: The scale of the upcoming program is significant for an exploration-stage project. - Positive factor: substantial drilling meterage Evidence · text > 10,000 metres of diamond drilling #### Tags used in scoring **No QA/QC Disclosure** Polarity: negative Definition: Release does not disclose QA/QC — lab certification, CP/QP sign-off and assay protocols cannot be checked from this document. Why it applies: qaqc\_disclosed is not true **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **Nearology Play** Polarity: neutral Definition: Value premise rests on proximity to a known deposit rather than own results. Why it applies: proximity is offered as the value premise: "\(TSXV: VSR\) \(OTCQX: VMNGF\) \(FSE: 1V8\) \("Vanstar", or the "Company"\) is pleased to announce IAMGOLD Corporation \("IAMGOLD" ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-extractions.minestarters.com/news/vanstar-announces-start-of-10-000-metre-drilling-program-at-nelligan-gold-projec--c6a0cf06-c2fd-444a-8c7f-a92d71ee6989#fact-resource-facts-1) Nelligan Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Nelligan Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: VSR #### Resource scope - Estimate type: resource - Resource group id: resource:78708d4eca1c1776571b #### Resource Data - Category: indicated - Tonnes: 73500000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 1.99 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-02-23T00:00:00.000Z #### Dates - Event date: 2023-03-01T00:00:00.000Z Reasoning: This is a restatement of the resource reported in the Feb 23, 2023 release. - Positive factor: large indicated resource Evidence · text > 73.5 million tonnes of indicated mineral resources averaging 0.84 grams of gold per tonne for 1.99 million ounces of gold #### Tags used in scoring **Indicated Resource** Polarity: positive Definition: Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves. Why it applies: category is "indicated" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ### inferred [Link to this fact](https://atlas-extractions.minestarters.com/news/vanstar-announces-start-of-10-000-metre-drilling-program-at-nelligan-gold-projec--c6a0cf06-c2fd-444a-8c7f-a92d71ee6989#fact-resource-facts-2) Nelligan Gold Project · gold Historical result Needs review: historical\_restatement #### Identity - Project: Nelligan Gold Project - Commodity: gold - Region: canada\_qc - Reported Region: Quebec, Canada - Ticker: VSR #### Resource scope - Estimate type: resource - Resource group id: resource:9ea36d0f7fc9a7693135 #### Resource Data - Category: inferred - Tonnes: 129500000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 3.6 - Contained Unit: moz #### Review - Needs Review: Yes - Review Reason: historical\_restatement - Historical: Yes - Historical Source Date: 2023-02-23T00:00:00.000Z #### Dates - Event date: 2023-03-01T00:00:00.000Z Reasoning: This is a restatement of the resource reported in the Feb 23, 2023 release. - Positive factor: large inferred resource Evidence · text > 129.5 million tonnes of inferred mineral resources averaging 0.87 grams of gold per tonne for 3.60 million ounces of gold #### Tags used in scoring **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: category is "inferred" **Cut-off Undisclosed** Polarity: negative Definition: High-grade interval reported without stating the cut-off grade used for compositing. Why it applies: no cutoff\_grade was stated **DFS-Supporting** Polarity: neutral Definition: Resource estimate prepared to support a Definitive Feasibility Study — requires high M&I confidence. Why it applies: the release names the study this estimate supports ## How Atlas produces this analysis Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.