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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
Comment by blueskyflyeron Mar 03, 2015 3:16pm
85 Views
Post# 23485171

RE:RE:map, download and open in pdf

RE:RE:map, download and open in pdf
24stanleycups wrote: Please provide your source of previous drilling on the other claims.


lots of virgin ground but it isn't all virgin, people work and right to the east is Stratico that has Uranium property which Quebec and the Natives put the boots too. As for work on other properties I am not doing your dd for you but here is Eloro and they have a small group of claims which is Henri, you can see little boxes on vgd map and that is because they couldn't claim them as they were held by other companies. Some of the land is held by prospectors and they will sell them to companies as new comes out, hopefully great news!
one of those companies is Eloro:

LAC HENRI


Recently, Visible Gold Mines Inc. announced the discovery of numerous metal-rich boulders immediately adjacent to Eloro's Lac Henri property in the Otish Mountains area of north central Québec.

High-grade gold, silver, copper and zinc-bearing boulders have been discovered near kilometre-markers KM105, KM107, KM147 and KM150 along provincial Route 167, which has been recently upgraded as part of Québec's "Plan Nord" to develop infrastructure in the province's northern regions.

The KM150 discovery area is immediately adjacent to Eloro's Lac Henri prospect, which comprises 7 contiguous claims along Route 167, from approximately KM150 to KM153. Work carried out in 2007 and 2008 by Icon Industries Limited, under an option agreement with Eloro, shows that strong magnetic response signatures, bounded by regional faults, strike northeast from the boulder field into the Lac Henri claims.

Route 167 was originally constructed as a haulage road between Chibougamau and the currently inactive Eastmain Gold Mine (kilometre marker KM175). This all-season road was recently upgraded and extended north to facilitate access to Stornoway Diamond Corporation's Renard Project - Québec's first diamond mine. Road construction was completed in October of 2014, at a cost of approximately $350 million dollars.

The upgrade to Route 167 and the recent discoveries by Visible Gold Mines Inc. have re-awakened interest in the area, which remains highly prospective for gold, base-metal and platinum group elements, as well as diamondiferous kimberlites.

The Lac Henri Property consists of 7 claims totalling 370.38 ha (or 3.70 km²) in NTS 33A/01, approximately 6 kilometres from the Archean/Aphebian uncomformity in the Otish Basin, 300 kilometres northeast of Chibougamau. The Property straddles part of the unconformity along the periphery of the Otish Basin.

The majority of the Property is underlain by Archean basement, whereas Otish Group sediments underlie the southern part of the Property. A 15 drill-hole program was completed by Icon Industries Ltd. in 2008 (GM 64750) that confirmed the presence of a major east-west fault on the Property; it intersected a broad zone of fault-related alteration with strong hematite-chlorite-clay alteration and quartz ± hematite veintlets.


Eloro's Lac Henri property, together with five other properties in the James Bay area are underlain by the highly prospective and under-explored, La Grande and Eastmain Greenstone Belts, of northern Quebec.

Recently, Visible Gold Mines Inc. announced the discovery of numerous metal-rich boulders immediately adjacent to Eloro's Lac Henri property in the Otish Mountains area of north central Québec.

High-grade gold, silver, copper and zinc-bearing boulders have been discovered near kilometre-markers KM105, KM107, KM147 and KM150 along provincial Route 167, which has been recently upgraded as part of Québec's "Plan Nord" to develop infrastructure in the province's northern regions.

The KM150 discovery area is immediately adjacent to Eloro's Lac Henri prospect, which comprises 7 contiguous claims along Route 167, from approximately KM150 to KM153. Work carried out in 2007 and 2008 by Icon Industries Limited, under an option agreement with Eloro, shows that strong magnetic response signatures, bounded by regional faults, strike northeast from the boulder field into the Lac Henri claims.

Route 167 was originally constructed as a haulage road between Chibougamau and the currently inactive Eastmain Gold Mine (kilometre marker KM175). This all-season road was recently upgraded and extended north to facilitate access to Stornoway Diamond Corporation's Renard Project - Québec's first diamond mine. Road construction was completed in October of 2014, at a cost of approximately $350 million dollars.

The upgrade to Route 167 and the recent discoveries by Visible Gold Mines Inc. have re-awakened interest in the area, which remains highly prospective for gold, base-metal and platinum group elements, as well as diamondiferous kimberlites.
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