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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 blueskyflyeron Apr 08, 2015 11:11am
130 Views
Post# 23608616

Gold robbery-McEwen

Gold robbery-McEwen

TORONTO, ONTARIO--(Marketwired - April 7, 2015) - McEwen Mining Inc. (NYSE:MUX)(TSX:MUX) is extremely disappointed to report an armed robbery occurred today at our El Gallo 1 mine in Sinaloa, Mexico. An estimated 900 kilograms of gold-bearing concentrate containing approximately 7,000 ounces of gold were stolen from the refinery. The crime is being vigorously investigated by the Mexican authorities.

The Company maintains insurance against these types of incidents and is working closely with its insurance carrier to determine the extent of available coverage. However, the Company's policy will not be sufficient to cover the entire expected loss.

No employees were seriously injured and there was no material damage to any of the Company's facilities. Mining and processing activities have not been impacted and continue uninterrupted.

Bullboard Posts