Visible Gold Mines (VGD-V) Feb 25, '15 is pleased to provide an update from the diamond drilling program on its 167 Project. The following table shows each hole number, its location, its status and the core location. Furthermore, the table indicates if the core has been logged, split and sent to the laboratory. No result has been received yet but will be communicated in a timely fashion.
DDH
| ZONE
| LENGTH
(M)
| STATUS
| CORE LOCATION
| LOG
| CORE SPLIT
| ASSAYS
| 167-15-01
| KM107
| 201
| Completed
| Coreshack
| Yes
| Yes
| Pending
| 167-15-02
| KM107
| 201
| Completed
| Coreshack
| Yes
| Yes
| Pending
| 167-15-03
| KM107
| 201
| Completed
| Coreshack
| Yes
| Yes
| Pending
| 167-15-04
| KM107
| 201
| Completed
| Coreshack
| Yes
| Yes
| Pending
| 167-15-05
| KM143
| 201
| Completed
| Coreshack
| Yes
| Yes
| No
| 167-15-06
| KM144
| 252
| Completed
| Coreshack
| Yes
| No
| No
| 167-15-07
| KM147
| 201
| Completed
| Coreshack
| No
| No
| No
| 167-15-08
| KM147
| 201
| Completed
| Baie-James camp
| No
| No
| No
| 167-15-09
| KM150
| 201
| Completed
| Baie-James camp
| No
| No
| No
| 167-15-10
| KM155
| 198
| In progress
| Baie-James camp
| No
| No
| No
| 167-15-11
| KM150
| 201
| Completed
| Baie-James camp
| No
| No
| No
|
"While this project is still in its early days and despite the fact that each hole is very far from each other, it is interesting to note that sulphide mineralization was encountered in six exploration holes so far" stated Martin Dallaire, President and Chief Executive Officer of Visible Gold Mines.
The diamond drilling program is still underway by Chibougamau Diamond Drilling Ltd. of Chibougamau, Québec.
Visible Gold Mines at PDAC
Visible Gold Mines will be attending the 2015 Prospectors and Developers Association of Canada (PDAC) International Convention and Investors Exchange in Toronto on March 1-4. We would like to invite you to meet the Visible Gold Mines team at booth #3141. The conference will provide current and prospective shareholders an opportunity to speak with management about Visible Gold Mines' 167 Project and other exploration activities.
Qualified Persons
Mr. Martin Dallaire, P.Eng., President and Chief Executive Officer of Visible Gold Mines, is the qualified person on the 167 Project exploration information presented in this press release under National Instrument 43-101 Standards of Disclosure for Mineral Projects, is also responsible for the technical contents of this press release and has approved the disclosure of the technical information contained herein. The data verification was conducted by Jeannot Theberge, P.Geo. under the supervision of Martin Dallaire, P.Eng.
About 167 Project
In 2011, when the Québec Government launched its ambitious Plan Nord project to develop Québec's north, including the construction of a 243 kilometre-long all-season road that links Stornoway's Renard Diamond project to the provincial highway network, Visible Gold Mines' management decided to acquire the available mining rights along each side of the new road in order to have access to new outcrops and strippings generated by the road construction. Visible Gold Mines acquired claims by acquisition and staking and so the 167 Project was born. Out of the 140 kilometres of new road available for mining exploration (the first 102 kilometres are a planned provincial park), Visible Gold Mines owns more than 110 kilometres. The road has been completed since October 1, 2014 at a construction cost of approximately $350 million. The 167 Project is 100% owned by Visible Gold Mines and represents with recent acquisitions up to 61,178 hectares or 611 km2.
About Visible Gold Mines
Visible Gold Mines Inc. is a dynamic corporation aggressively searching for the next important gold deposit in the province of Québec, an area consistently ranked as one of the world's best jurisdictions for mining and exploration.
SOURCE Visible Gold Mines Inc.
 Martin Dallaire, President and Chief Executive Officer,
Telephone: 819-762-0107,
Fax: 819-762-0097,
E-mail: mdallaire@visiblegoldmines.com ;
Website: www.visiblegoldmines.com |
