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Vior to Acquire Strategic Project Adjacent to the Former Belleterre Mine in Abitibi-Témiscamingue, Quebec
MONTREAL, QC / ACCESSWIRE / January 28, 2021 / VIOR INC. ("Vior" or the "Corporation"), (...
About this update from Vior Gold Corporation Inc.
[{"type":"text","content":"Vior to Acquire Strategic Project Adjacent to the Former Belleterre Mine in Abitibi-Témiscamingue, QuebecMONTREAL, QC / ACCESSWIRE / January 28, 2021 / VIOR INC. (\"Vior\" or the \"Corporation\"), (TSXV:VIO)(FRANKFURT:VL51) - is pleased to announce that it has entered into an Option Agreement (the \"Option\") dated January 28, 2021, with Les Mines J.A.G. Ltd (or \"J.A.G.\"), to acquire 100% of the rights and interests in their Belleterre Project, located 95 km south of Rouyn-Noranda, Quebec.\"This acquisition is an important step forward for Vior as we build our strategic portfolio of projects. Over the past year we have evaluated numerous acquisition opportunities against our established criteria of being in a mining friendly jurisdiction, having a high and proven gold mining potential, having infrastructure nearby and easy access allowing for manageable exploration and development costs and most importantly having the potential to generate a significant return to our shareholders. This project at Belleterre meets every one of these criteria; historic resources, drill indications for potential resource expansion, some existing infrastructure at site, highway and local road access and reasonable proximity to a number of gold milling facilities with available capacity,\" stated Mark Fedosiewich, President of Vior. \"In the next few weeks, Vior will begin its work on the project by initiating a comprehensive data compilation program as well as reviewing many technical reports\".\"Exploration opportunities at Belleterre include extended mineralized zones associated with numerous underexplored gold veins as well as some felsic intrusions that are close to the existing mineralization at depth and along trend. Vior's initial focus will be on exploration using a better characterization of the metallogeny of the Belleterre Greenstone Belt on the existing and any new mineral occurrences on the project\" stated Marc L'Heureux, Vice President Exploration of Vior.\"The Belleterre project covers 2,220 hectares (43 claims) and is located in the heart of one of the forgotten, underexplored and very prospective Greenstone Belts in Quebec. This acquisition has the potential to become Vior's flagship asset with tremendous value creation potential for its shareholders,\" stated Laurent Eustache, Vice President of Corporate Development at Vior...