Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Oregonduckon Mar 23, 2015 3:51pm
69 Views
Post# 23551934

RE:Pending results....

RE:Pending results....
ChestRockwell wrote: Delays in releasing drill results seldomly result in exceptional news. It's more likely that mgnt is holding off releasing assays from the first 4 holes until they get additional returns from the lab.

A mediocre set of assays will not kill this project....could be that subsequent NR's will reveal the discovery everyone here is looking for. It's a process....it's a process.





Thanks...I don't disagree with that analysis with more holes to come. Pls. be reminded that it took Virginia Mines (VGO) 2 and half years before they traced the source of the gold found in a boulder in the middle of nowhere about 6 kms. away. The rest is history wherefore Goldcorp bought the mine from VGO for over $400 million and incl. royalty in perpetuity for close to a total valuation of $1 billion. We know Martin has been working at the current find for about 2.5 years also. So, time is due for another major gold discovery in James Bay. According to a recent Northern Miner's (Dec. 3, 2014) article, Bob McEwen called Martin a genius. VISIBLE GOLD FOLLOWS THE YELLOW BRICK ROAD 2014-12-03 Sometimes the cleverest path is to follow someone else’s road. That’s what Martin Dallaire of Visible Gold Mines (TSXV: VGD; US-OTC: VGMIF) did in 2011 after watching then-Quebec premier Jean Charest on television announce that his government would build a 243 km all-season road in Quebec’s James Bay region linking Stornoway Diamonds’ (TSX: SWY; US-OTC: SWYDF) Renard project to the provincial highway network as part of its ambitious Plan Nord project. It dawned on Dallaire that all he needed to do was follow the construction workers building the road and collect rock samples from new rock cuts and strippings along the way. Over the next two and a half years, Dallaire and his men slept in the same camps as the construction crew, bagged samples and quietly staked ground on either side of the road for distances ranging from a minimum of 3 km up to as much as 15 km in some spots. In September, Visible Gold said it had discovered four rusty, angular boulders mineralized with gold, silver, copper and zinc, 320 km north of Chibougamau. The best sample returned 38.76 grams gold per tonne, 68.40 grams silver per tonne, 2.1% copper and 0.02% zinc. A month later, McEwen Mining (TSX: MUX; NYSE: MUX) — headed by mining mogul Rob McEwen, and serial investor Ned Goodman of Dundee Securities — invested $500,000 and $1 million through private placements in Dallaire’s company. “They loved the story,” Dallaire says. “They said it was genius — they said I was a genius. “They said these high-grade boulders don’t come out of nowhere, they don’t come out of the sky, take your time and find them.” Dallaire says he believes the source of the boulders could be within a radius of as little as 2 km. On Nov. 4, Visible Gold announced it had discovered a second high-grade-gold boulder zone and on Nov. 11 reported another. Boulders from both groups returned assays including 142.5 grams gold, 22.2 grams silver, 0.6% copper and 0.02% zinc in one sample; and 63.83 grams gold, 27.80 grams silver and 0.2% copper in another. The boulders are composed of alteration minerals with semi-massive to massive sulphides, and so far the company has covered less than half of its 110 km of road. Dallaire says the company has just completed a 4,000 km airborne survey using a detailed helicopter-borne magnetic and time-domain electromagnetic survey, and the preliminary results will be released shortly. Dallaire expects to drill before 2015 and hopes to finish at least 25 holes of 150 to 200 metres each, in the first pass. “I’m due to find a mine,” Dallaire says, an engineer by training who joined the mining industry in 2004. He believes Visible Gold could even be the next Virginia Mines (TSX: VGQ; US-OTC: VGMNF). Virginia Mines discovered the Éléonore gold deposit in Quebec’s James Bay region, which Goldcorp picked up in 2005 for US$420 million. On Nov. 17, Virginia Mines combined with Sean Roosen’s Osisko Gold Royalties (TSX: OR; US-OTC: OKSKF) in a merger deal worth $461 million. - See more at: https://www.northernminer.com/news/following-the-yellow-brick-road/1003368623/?&er=NA#sthash.hdXKsk3N.dpuf
Bullboard Posts