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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 Oregonduckon Apr 08, 2015 1:42pm
139 Views
Post# 23609502

James Bay Quebec

James Bay Quebec That is great news for the latest billion-dollar Plan Nord initiative announced by the Mining Minister of Quebec. As was said in Sprott's interview (March 11, 2015) by Andre Gaumond who discovered Goldcorp's Eleonore mine nearby in the general vicinity of VGD's also huge land possession on route 167. This Area [James Bay] is the ‘Future of the Mining Industry… I’m not Interested in Anywhere Else’ – André Gaumond, Virginia Mines POSTED ON March 11, 2015 BY Sprott's Thoughts CATEGORY Virginia Mines, : (((( André Gaumond has led the discoveries of six gold deposits in his career. His flagship discovery [from a single boulder], Eléonore, earned his company around C$420 million when they sold it to Goldcorp Inc. He retained a royalty interest, which earned Virginia a buyout from Osisko Royalties for around C$520 million. They turned C$18 million spent on exploration into a discovery that earned them around C$1 billion. André’s repeat successes don’t come just from being lucky. He’s been exploring the same region in Northern Quebec for his entire career, making him the leader for exploration and development in that region. André’s company, Virginia Mines, has announced a merger with Osisko Royalties Ltd. this year. Now he’s planning to get his hands dirty once again and aims to put another significant discovery to his name. As Pierre Lassonde [Mining legend Franco Nevada founder] once told him, “Land possession is not something. Land possession is everything.” In fact, I took a year to study opportunities around the world and I quite rapidly realized that Northern Quebec was virgin and unexplored. It also had the same geology, which means the same potential, as the ‘Abitibi belts’. The Abitibi belts are in Ontario and Quebec and are known as one of the richest places on Earth to find and develop mines.
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