# Vanstar Files Technical Report for the Nelligan Project Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/vanstar-files-technical-report-for-the-nelligan-project--3b83b4ce-1700-4c84-ae92-21dfc36bc71f Original source: https://money.tmx.com/en/quote/VSR/news/5042127918867853/vanstar-files-technical-report-for-the-nelligan-project Publisher: tmx Original announcement: 2023-02-23T12:00:00.000Z 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 - Extracted: 2026-08-21 11:48:00 UTC Narrative sentiment: 0.40 · Bullish ## Minestarters Atlas summary Vanstar has filed a new NI 43-101 technical report for the Nelligan Project in Quebec. The updated Mineral Resource Estimate shows an increase of 21,000 ounces in Indicated resources and 362,000 ounces in Inferred resources compared to the January 2023 estimate. Reasoning: The update shows a modest increase in contained gold ounces due to parameter amendments, but the resource remains heavily weighted toward the Inferred category. - Positive factor: Contained metal growth in both Indicated and Inferred categories - Positive factor: NI 43-101 compliant technical report filed - Positive factor: QA/QC protocols and certified laboratory \(ALS\) disclosed - Negative factor: Resource is primarily Inferred \(64% of total tonnage\) - Negative factor: Grade is relatively low \(sub-1.0 g/t Au\) Facts used in scoring: 2 ## Classification and evidence **NI 43-101 Compliant** Polarity: positive Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard. Why it applies: The technical report was prepared in accordance with NI 43-101 standards. Evidence · text > prepared by SRK Consulting \(Canada\) Inc. \("SRK"\) in accordance with National Instrument 43-101 **QP/CP Signed** Polarity: positive Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience. Why it applies: Multiple Qualified Persons \(QPs\) are named and have approved the technical information. Evidence · text > Mr. Prakash is an independent "qualified person", as defined by NI 43-101 \(a "QP"\), and has reviewed and approved the contents of this news release. **QA/QC Disclosed** Polarity: positive Story-specific tag Definition: Release includes QA/QC disclosure — certified lab, QP sign-off, or stated methods \(blanks, standards, duplicates\). Why it applies: The release details a formal QA-QC program including blanks, standards, and umpire assays. Evidence · text > The sampling of, and assay data from, the drill core is monitored through the implementation of a quality assurance - quality control \(QA-QC\) program **Inferred Resource** Polarity: negative Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone. Why it applies: A significant portion of the resource \(129.5 Mt\) is classified as Inferred. Evidence · table > 0.87 Context: 129.5 **Contained Metal Growth** Polarity: positive Definition: True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes. Why it applies: The update resulted in a 21,000 oz increase in Indicated and 362,000 oz increase in Inferred resources. Evidence · text > The changes resulted to a 21,000 ounce increase in estimated Indicated Mineral Resources and 362,000 ounce increase to Inferred Mineral Resources. ## Extracted facts Stored fact records: 2. Some facts used in scoring do not have a stored record. ## Resource Estimates (2) ### indicated [Link to this fact](https://atlas-staging.minestarters.com/news/vanstar-files-technical-report-for-the-nelligan-project--3b83b4ce-1700-4c84-ae92-21dfc36bc71f#fact-resource-facts-0) gold #### Identity - Commodity: gold - Ticker: VSR #### Resource Data - Category: indicated - Tonnes: 73500000 - Grade: 0.84 - Grade Unit: g/t - Contained Metal: 1991000 - Contained Unit: koz Au - Cutoff Grade: 0.35 #### Lab - Laboratory: ALS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-02-23T00:00:00.000Z Reasoning: Indicated resource component of the updated estimate. - Positive factor: Indicated category provides reasonable geological confidence - Negative factor: Low grade \(0.84 g/t Au\) Evidence · table > 0.84 Context: 73.5 ### inferred [Link to this fact](https://atlas-staging.minestarters.com/news/vanstar-files-technical-report-for-the-nelligan-project--3b83b4ce-1700-4c84-ae92-21dfc36bc71f#fact-resource-facts-1) gold #### Identity - Commodity: gold - Ticker: VSR #### Resource Data - Category: inferred - Tonnes: 129500000 - Grade: 0.87 - Grade Unit: g/t - Contained Metal: 3600000 - Contained Unit: koz Au - Cutoff Grade: 0.35 #### Lab - Laboratory: ALS #### Review - Needs Review: No - Historical: No #### Dates - Event date: 2023-02-23T00:00:00.000Z Reasoning: Inferred resource component of the updated estimate. - Positive factor: Significant tonnage and contained metal in Inferred category - Negative factor: Inferred category carries higher geological uncertainty Evidence · table > 0.87 Context: 129.5 ## 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.