Jonathan Hamel Appointed as Vanstar Mining Resources’s Chief Strategic Development Officer
LA PRAIRIE, Sept. 20, 2018 - The management of Vanstar Mining Resources Inc. (the “Company”) (TSX.V:VSR)(Frankfurt:1V8) is very pleased to announce the appointment of Mr. Jonathan Hamel as Chief Strategic Development Officer (CSDO) of the Company.With his expertise and experience in the emergent field of Blockchain technology, Mr. Hamel will be responsible, as a first step, to put in place the resources required for the realization of a proof of concept necessary for the development and implementation a multi-functional transactional platform related to the sports and mining sectors.
"The appointment of Mr. Hamel as leader of Strategic Development is a big step forward. We are confident that his expertise and skills will greatly assist the Company's development in the short and medium term and we are proud of his participation on the team. " Said Guy Morissette, CEO of the Company.
Mr. Hamel has recognized expertise in various emerging markets where he has contributed to several mobile payments and alternative banking projects. A pioneer of the Bitcoin technical community in Canada, he has promoted these technologies in numerous financial and technological events around the world. Mr. Hamel also acts as an Associate Researcher at the Montreal Economic Institute on economic and social issues related to Blockchain and Bitcoin and is also a member of the Advisory Committee on Technological Innovation of the Autorité des Marchés Financiers ( AMF).
"I am very pleased to have the opportunity to actively participate in the development of original and innovative technological concepts using Blockchain technology. It's a big challenge for me and it's very motivating," said Hamel.
The Company has working capital to make a first exploratory step in the technology sector without having to change, for the moment, the nature of its operations.
The Company also states that it wishes to retain its Nelligan mining project, which is in partnership with IAMGold Corp.. The Company has the option to earn up to 75% interest in exchange for various cash payments totaling $ 2,750,000 and the delivery of a 43-101 valuation of the existing gold resource. IAMGOLD could earn an additional 5% interest in return for a feasibility study for a total of 80%.
The Company would then retain a 20% non-participating and undivided interest in the entire project as well as a 1% NSR royalty in the sector containing the main indices.
The Nelligan project, consisting of the Liam, Dan, 36 and Renard gold zones, offers interesting gold potential. The Renard Zone has been intersected by several holes over 1 km over a width of more than 150 meters and at a known depth of more than 350 meters. The Renard sector - as well as other known gold zones - remains open both laterally and at depth. The Nelligan gold project is located in the Chapais-Chibougameau region of northern Quebec and is currently 51% owned by IAMGOLD and 49% owned by Vanstar.
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Source : Guy Morissette
CEO Vanstar Mining Resources Inc.
gmvanstar@vanstarmining.com
819-763-5096