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Visible Gold Mines announces the preparation of NI 43-101 compliant resource estimate on the Stadacona property
Visible Gold Mines announces the preparation of NI 43-101 compliant resource estimate on the Stad...
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n\n\n\n Jun. 3, 2010 (Canada NewsWire Group) -- ROUYN-NORANDA, QC, June 3 /CNW Telbec/ - Visible Gold Mines Inc. (VGD: TSX Venture Exchange) is pleased to announce that it has engaged Mr. Christian D'Amours from Géo Point Com to produce a National Instrument 43-101 compliant mineral resource estimate for its 100%-owned Stadacona East gold property and to write an accompanying technical report. The report is expected to be ready in August 2010. Mr. Christian D'Amours is an independent Qualified Person under National Instrument 43-101.\nThe Stadacona East property is located in the centre of the Rouyn Township in the province of Québec. There were approximately 264 holes, totaling 64,806 m, drilled up to date in the area of the property (Plasse 2004 and Government of Québec database). The majority of these holes were drilled to define the gold zone (i.e., Stadacona East zone and its extensions) in the southwest part of the Stadacona East property. The two past producers, the "Noranda Horne Mine" (minerals extracted according to the Government of Québec database: 59.3 Mt at 5.88 g/t Au, 2.2% Cu, 13 g/t Ag) and the Stadacona Gold Mine (minerals extracted according to the Government of Québec database: 466,282 ounces Au), are located approximately 1.0 km North and 400 m West, respectively, from northern and western boundaries of the Stadacona East property. The property is easily accessible by Trans-Canada Highway 117, which passes through the centre of the property. Several all weather-paved roads of the city of Rouyn-Noranda and Rouyn Township give access to almost all areas of the Stadacona East property. The Stadacona East property is underlain by mafic to felsic metavolcanic rocks of the very important Blake River Group. Two economically significant structures host gold mineralization on the Stadacona East property (see maps on our website, www.visiblegoldmines.com).\n\nSilidor Project Exploration Update\n\nVisible Gold Mines is also pleased to announce that is has commenced exploration on its newly acquired Silidor Gold Mine project located in the Rouyn Township in the province of Québec. Visible Gold Mines acquired during the first quarter of 2010 a 100% interest in the Silidor project, comprised of 13 mining claims, from Newmont Canada Corporation, a corporation owned by a subsidiary o...