Business
Visible Gold Mines Acquires from Prospectors a 100% Interest in 55,5 Sq Km of Prospective Land Adjacent to Northern Superior Lac Surprise Gold Project and Visible Gold Mines Horsefly Gold Property in the Nelligan/Lac Surprise Region
Visible Gold Mines Acquires from Prospectors a 100% Interest in 55,5 Sq Km of Prospective...
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n \n \n \n Visible Gold Mines Acquires from Prospectors a 100% Interest in 55,5 Sq Km of Prospective Land Adjacent to Northern Superior Lac Surprise Gold Project and Visible Gold Mines Horsefly Gold Property in the Nelligan/Lac Surprise Region\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n ROUYN-NORANDA, QC\n \n , Jan. 5, 2021 /CNW Telbec/ -\n \n Visible Gold Mines Inc.\n \n (TSXV: VGD) (OTCQX: VGMIF) (\n \n FRANKFURT\n \n : 3V41) is very pleased to announce that it has acquired a non royalty 100% ownership interest in  99 mining claims covering 5551.66 hectares directly adjacent to Northern Superior's Lac Surprise Gold Project and Visible Gold Mines' Horsefly Gold Project.\n \n \n The mining claims are located along the Doda & Pambrun deformation zones where numerous historical gold/copper showings have been identified over the years. A digital compilation and synthesis of all the historic work on the Doda/Horsefly acquisitions and the newly acquired Phooey Lake Project will be completed in the coming weeks. A Stage 2 exploration program will be considered as early as the end of\n \n March 2021\n \n on any newly generated gold targets. The program may include airborne and/or ground geophysical surveys with additional diamond drilling if warranted.\n \n \n \n \n \n \n \n \n \n \n Martin Dallaire\n \n , President and CEO of Visible Gold Mines stated, \"With the additional acquisitions, the Visible Gold Mines land package in this area has exceeded 17,500 hectares. The acquisition places Visible Gold Mines as one of the top 3 claim owners in the area and demonstrates to our shareholders that our exploration activity will be focused in the Nelligan (Renard) and Lac Surprise (Epervier Zone) gold discovery sector\".\n \n \n \n The terms of the Acquisition\n \n \n \n Pursuant to the terms of the agreement and subject to the regulatory approval, including that of the TSX Venture Exchange, Visible Gold Mines will acquire 100% ownership interest in the 99 mining claims comprising Horsefly \"extension\" and Phooey La...