ROUYN-NORANDA, QC, Nov. 19, 2014 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) is pleased to announce it has contracted Prospectair Geosurveys Inc. ("Prospectair") of Gatineau, Québec for a detailed helicopter-borne magnetic (MAG) and time-domain electromagnetic (TDEM) survey of its 100% owned 167 EXTENSION project in the region of the Plan Nord in the province of Québec. The survey began on November 13, 2014 and so far approximately 1,977 linear kilometres, representing 50% of the survey, have been covered by Prospectair. The entire survey is expected to be completed before the end of the month of November.
The MAG-TDEM geophysical survey will consist of a data acquisition program over a total of 3,955 linear kilometres on two different survey blocks at 100 metre line spacing, see map at https://visiblegoldmines.com/images/Ext167geophysics.jpg .
Upon completion of the heliborne survey, Joël Dubé, Eng., a consultant specialized in geophysics, will generate anomaly-picking and interpretation maps. These products will be key in providing prospective guidance on potential diamond drilling targets. A preliminary map will be available soon after the survey is completed and final maps, data and report are expected within two weeks of completion of the data acquisition.
A Eurocopter EC120B aircraft equipped with the lightweight ProspecTEM system and a Geometrics magnetometer will be used to carry out the survey. This cost-effective geophysical configuration is well adapted for reconnaissance surveys with the objective of delineating conductors to a depth of about 150 metres while maintaining excellent spatial resolution. Detailed heliborne MAG-TDEM surveying technology offers excellent penetration results for detecting discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity at depth. Given the conductive and magnetic nature of the angular mineralized boulders found by Visible Gold Mines along Road 167, the MAG-TDEM heliborne technology offers an adapted data combination, thus maximizing chances to discover the sub-outcropping sources of these boulders.
In addition to the results previously announced in its press release dated November 11, 2014, Visible Gold Mines is pleased to announce additional results from five boulders found in the area of KM150 of its 167 EXTENSION project. See Visible Gold Mines' website for an interactive map and pictures of the 167 EXTENSION project at https://www.visiblegoldmines.com/devmap.html
The following table is outlining the additional results of five boulders found at KM150:
|
Sample No.
|
Au (g/t)
|
Ag (g/t)
|
Cu (%)
|
Zn (%)
|
|
|
|
|
|
|
|
KM150
|
55916
|
10.08
|
9.2
|
0.23
|
—
|
|
55866
|
0.74
|
13.5
|
0.35
|
0.36
|
|
55867
|
29.31
|
39.0
|
1.00
|
—
|
|
55868
|
10.49
|
24.4
|
0.48
|
—
|
|
55869
|
2.42
|
13.9
|
0.08
|
—
|
Following the receipt of all sample results and of the MAG-TDEM geophysical survey, the Visible Gold Mines geological team will review the results and establish an exploration program in order to define the bedrock sources of these mineralized boulders. A batch of 16 new mineralized boulders were sent to Techni-Lab Laboratories on November 7, 2014 and results from these boulders will be released as they become available.
Qualified Persons
Mr. Martin Dallaire, P.Eng., President and Chief Executive Officer of Visible Gold Mines, is the qualified person on the 167 EXTENSION exploration project information presented in this press release under National Instrument 43-101 Standards of Disclosure for Mineral Projects, is 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.
Quality Control
Visible Gold Mines has implemented and adheres to a strict Quality Assurance/Quality Control for the current exploration program. It includes one mineralized gold standard, one duplicate and one blank for each batch of samples. Analyses are performed by ALS Chemex, Val-d'Or, Québec, or Techni-Lab, Ste-Germaine-Boulé, Québec, both accredited laboratories.
About Plan Nord 167 EXTENSION 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 EXTENSION 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 dollars. The 167 EXTENSION project is 100% owned by Visible Gold Mines and represents with recent acquisitions up to 54,734 hectares or 547 square kilometres.
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.
About Prospectair Geosurveys Inc.
Prospectair is a company specialized in airborne geophysical surveys since 2002. It is owned and operated by Alain Tremblay, an experienced pilot, technician and operator specialized in data acquisition. Prospectair uses the latest high quality Heliborne TDEM technology, with a total weight of only 175 kg to make it easier to closely follow the topography. Since 2002 Prospectair has completed thousands of kilometers of magnetic, radiometric and TDEM airborne surveys internationally using its proprietary fleet of R44 Ravens II and EC120B helicopters.
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 the release.
SOURCE Visible Gold Mines Inc.
Martin Dallaire, President and Chief Executive Officer, Telephone: 819-762-0609, Fax: 819-762-0097, E-mail: mdallaire@visiblegoldmines.com, Website: www.visiblegoldmines.comCopyright CNW Group 2014