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VISIBLE GOLD EXPANDS HORSEFLY GOLD PROPERTY BY 170 KM² IMMEDIATELY WEST OF IAMGOLD'S NELLIGAN MINING COMPLEX
Visible Gold Mines Inc. ("Visible Gold" or the "Company") (TSXV: VGD) (FRANKFURT: 3V41) is pleased to announce the expansion of its wholly-owned Horsefly property through the acquisition of a 100% undivided interest in 304 mining claims (the "Property"), located immediately west of and contiguous with IAMGOLD's Nelligan Mining Complex in the Chibougamau Mining Camp in Québec.
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"ROUYN-NORANDA, QC, March 2, 2026 /CNW/ - Visible Gold Mines Inc. ("Visible Gold" or the "Company") (TSXV: VGD) (FRANKFURT: 3V41) is pleased to announce the expansion of its wholly-owned Horsefly property through the acquisition of a 100% undivided interest in 304 mining claims (the "Property"), located immediately west of and contiguous with IAMGOLD's Nelligan Mining Complex in the Chibougamau Mining Camp in Québec.","length":458,"tagName":"p"},{"type":"text","content":"The Horsefly property, now comprising 392 mining claims, is strategically located in the Eeyou Istchee James Bay region of Québec, approximately 140 km northeast of Lebel-sur-Quévillon and 45 km southwest of Chapais. The property is situated within the prospective Chibougamau volcano-sedimentary belt — a geological setting recognized for its gold-bearing potential (see Figure 1).","length":382,"tagName":"p"},{"type":"text","content":"Historical work has outlined several prospective gold occurrences across the Horsefly property, highlighted by the Chemin Barrette-Ouest showing, which shares several similarities with the Nelligan gold showing, and a 9.26 g/t Au, 0.24% Cu grab sample at Lac Phooey. Diamond drilling further returned anomalous intercepts of 18.13 g/t Au over 1.65 m (Lac Phooey, LAN-07), and 1.10 g/t Au over 1.00 m (H-1455-002). The depth and true widths of these intervals have not been determined.","length":484,"tagName":"p"},{"type":"text","content":"Recent high-resolution heliborne magnetic surveys and remote sensing studies have further enhanced the geological understanding of the property, delineating significant deformation corridors, shearing zones, and a sizeable felsic to intermediate intrusion northwest of Horsefly Lake — all key structural and lithological controls commonly associated with orogenic gold systems.","length":377,"tagName":"p"},{"type":"text","content":"Given these favorable geological, structural, and geophysical characteristics, the Horsefly property exhibits strong potential for an orogenic gold discovery and warrants a systematic, target-driven exploration program.","length":219,"tagName":"p"},{"type":"text","content":"Jean-Marc Lacoste, President and CEO of Visible Gold stated: "This expansion enhances our strategic footprint directly west of IAMGOLD's Nelligan Mining Complex,...