Business
Vior to Acquire the Former High Grade Belleterre Gold Mine Consolidating a District Scale Project Package in Abitibi-Témiscamingue, Quebec
MONTREAL, QC / ACCESSWIRE / February 4, 2021 / VIOR INC. ("Vior" or the "Corporation") (TSXV:...
About this update from Vior Gold Corporation Inc.
[{"type":"text","content":"Vior to Acquire the Former High Grade Belleterre Gold Mine Consolidating a District Scale Project Package in Abitibi-Témiscamingue, QuebecMONTREAL, QC / ACCESSWIRE / February 4, 2021 / VIOR INC. (\"Vior\" or the \"Corporation\") (TSXV:VIO)(FRANKFURT:VL51) is pleased to announce the signing of an option agreement for the acquisition of 100% of the mining titles of the former high-grade Belleterre gold mine, as well as the significant addition of an exploration land package extending over a strike length of 37 kilometers in the Belleterre area, located 95 kilometers south of Rouyn-Noranda, Quebec.The Corporation has acquired a 100% interest in 340 new claims in addition to signing an option agreement for the acquisition of 9 claims and 2 mining concessions hosting the former Belleterre mine, which produced more than 750,000 oz. @ 10.73 g/t gold and 95,000 oz @ 1.37 g/t silver, between 1936 and 1959 (source: Sigeom MERN). This new land package is in addition to the strategic project acquisition announced by the Corporation on January 28, 2021, now bringing a total of 394 high-potential gold claims in the Belleterre volcanic band, covering 21,888 hectares.\"The acquisition of the old high grade mine area along with the new land packages now ensures Vior a prominent place as a player in the volcano-sedimentary belt of Belleterre. The sector has been under-explored for the past 50 years and has never been the subject of any significant consolidation by previous holders. We now believe that our current land position will allow us to work with a more global and systematic vision thereby optimizing the potential for a new discovery. In addition, the presence of Osisko Mining Inc. in the sector should have the effect of boosting exploration activities at Belleterre\", stated Marc L'Heureux, Vice President of Exploration at Vior.Historically at the Belleterre project and in its immediate vicinity, gold was predominantly the only commodity of economic value to be explored. It was usually associated with sulphides or occasionally in native form in quartz veins and fractures, or in a state of substitution. Most of the veins that have been mined or worked in the area are located within a 5 km radius of the old Belleterre mine. However, several gold showings and prospects have been found in the surrounding area, such as the Conway, Paquin,...