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Visible Gold Mines Inc V.VGD

Alternate Symbol(s):  VGMIF

Visible Gold Mines Inc. is a mining exploration company involved in the acquisition and exploration of mineral properties with prospects for hosting gold and lithium mineral deposits. Its projects include MegaLi Project, NataLi Project, CarLi Project, and Veronik Property. The MegaLi property (78 mining claims) is located in the region of James Bay, Quebec, covers about 3,996 hectares (ha) of mining land. The NataLi property (107 mining claims) is located in the region of James Bay, Quebec, covering about 5,667 ha of mining land package located 25 kilometers (km) west of Critical Elements' Rose lithium deposit. In CarLi Project, it owns about 125 mining claims covering an area of about 6,400 ha on the newly identified Wachiskw's intrusion. The Veronik property is located about 75 km southeast of Hecla’s Casa Berardi gold mine. The Veronik property is underlain by the mafic volcanic rocks and gabbros of the Clermont-Disson Formation, in the eastern part of the Archean Abitibi belt.


TSXV:VGD - Post by User

Bullboard Posts
Post by Brillo2on Jul 26, 2011 7:05pm
188 Views
Post# 18875929

"1.4 million ounces at Wasamac"

"1.4 million ounces at Wasamac"

…the company is drilling aggressively in the vicinity of Richmont Mines’ (RIC, TSX) Wasamac deposit with three drill rigs currently on the Wasa Creek Property which has raised a few eyebrows…the entire Wasamac area holds strong geological potential given the major and secondary faults that run through it, and of course Richmont has already outlined an all-category 43-101 resource of 1.4 million ounces at Wasamac…the Wasa shear, host of that mineralization, runs through the centre of the property with an east-west trend and a northern dip between 50 to 55 degrees… no doubt Richmont will be keeping a close eye on results from VGD which is drilling to the immediate south (1200 to 1500 metres from the Main Zone according to our calculations) and also to the west of Wasamac…

https://www.bullmarketrun.com/?p=7087
Bullboard Posts