Vior Acquires a Further Significant Land Position in the Urban-Barry Gold Belt, in Quebec
accesswire.com
Monday, August 24, 2020 8:30 AM
QUEBEC, QC / ACCESSWIRE / August 24, 2020 / SOCIÉTÉ D'EXPLORATION MINIÈRE VIOR INC. (TSXV:VIO)(FRANKFURT:VL51) - wishes to announce the acquisition of a 100%-interest in 50 additional claims adjacent to the Skyfall project, in the eastern part of the Urban-Barry gold belt, located approximately 150 kilometers east of Lebel-sur-Quevillon and 75 kilometers to the south of Chapais, Quebec. These new claims are in addition to the 215 existing, bringing Vior's total claims package to 265 claims. The Skyfall project now encompasses an area of 149.3 square kilometers, making it one of the largest land positions held by a company in the Urban-Barry volcanic belt.
The Skyfall project is located in an under-explored area of ??the Urban-Barry volcanic belt, approximately 40 kilometers east of Osisko Mining's Windfall, and Bonterra Resources' Barry and Gladiator gold deposits (see figure, reference to Mineral Resources is taken from Osisko Mining and Bonterra Resources websites). The project is covered by sequences of volcanic rocks crosscut by series of faults oriented sub-parallel to the stratigraphy or trending north-northeast in which gold mineralization is often associated in the area.
Due to its limited land access until a few years ago, very little exploration work has been done on Skyfall. The project shows a geological environment similar to that of the central part of the Urban-Barry belt in which we find many gold deposits and showings (please note however that the mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company's property).
Vior has acquired a 100% interest in 50 new claims. A cash payment and the issuance of shares has been made to one of two sellers for 35 claims, while a cash payment was made to the other seller for 12 claims. The remaining 3 claims were acquired by map designation. A 2% net smelter return ("NSR") has been granted to the two sellers, of which 1% may be repurchased from one of the sellers. The acquisition of 35 of the claims will be subject to TSX-V approval.
A comprehensive exploration program will begin on Skyfall in late August, 2020. This will include a first phase of systematic till sampling, as well as geological field prospecting, including rock sampling. A second phase of work is also scheduled for Fall 2020 on the new gold targets generated.
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Mr. Marc L'Heureux, P.Geo., who is the Company's Qualified Person as per NI 43-101.
About Vior
Vior is a junior mining exploration company based in Quebec whose corporate strategy is to generate, explore, and develop high quality projects in proven and favourable mining jurisdictions in North America. Through the years, Vior's management and technical team have demonstrated their ability to discover several gold deposits and many high-quality mineral prospects.
For further information, please contact:
Mark Fedosiewich
President and CEO
Tel.: 613-898-5052
mfedosiewich@vior.ca
Marc L'Heureux
Vice-president, Exploration
Tel.: 450-646-1790
mlheureux@vior.ca
Website: www.vior.ca
SEDAR: Société d'exploration minière Vior inc.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: Société d'exploration minière Vior inc. |
