Visible Gold Mines discovers gold mineralization at Wasa Creek Property assay results pending for 6 of 7 holes completed

About this update from Visible Gold Mines Inc.

[{"type":"text","content":"\n\n\n\n\n\nROUYN-NORANDA, QC, Aug. 11, 2011 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) is pleased to report that assay results from the first hole drilled at\n Visible Gold Mines' optioned Wasa Creek Property confirm the potential\n for a new gold discovery over this previously unexplored ground just a\n few kilometres west of Richmont Mines' Wasamac deposit near\n Rouyn-Noranda in northwest Quebec.  A total of seven holes have been\n completed to date with results still to come for six of those holes.\n\n\nHole LBWC-11-03, collared 450 metres north of the Cadillac Fault in a\n flat-lying area where virtually no historical drilling has ever\n occurred, intersected several zones of significant gold mineralization\n including an intensely altered 16.4-metre shear zone from 541.60 to 558\n metres with gold in disseminated pyrite.  It was drilled toward the\n south to a vertical depth of 650 metres. The hole also featured many\n sections of anomalous gold mineralization.\n\n\nLBWC-11-04, collared 150 metres directly west of LBWC-11-03, showed an\n alteration style very similar to that observed in LBWC-11-03.  The\n company is eagerly anticipating assays for LBWC-11-04.\n\n\nDrill core for holes LBWC-11-06 and LBWC-11-09, collared 750 metres\n north and 300 metres southeast of LBWC-11-03, respectively, is being\n logged and will soon be sent for assaying.\n\n\nTwo drill rigs are now concentrating on this discovery area with\n step-out holes being drilled at 50-metre intervals east, west and north\n of LBWC-11-03 in order to confirm the direction and dip of these gold\n zones.  Drilling will also test for potential parallel zones over a\n 1.5-kilometre north-to-south stretch to the east of LBWC-11-03,\n crossing the Cadillac Fault.\n\n\nAssay Results - LBWC-11-03\n\nLBWC-11-03\n\n\n \n\n\nFrom (m)\n\n\n \n\n\nTo (m)\n\n\n \n\n\nLength (m)\n\n\n \n\n\nGrade (g/t Au)\n\n\n \n\n\n \n\n\n27.00\n\n\n \n\n\n28.00\n\n\n \n\n\n1.00\n\n\n \n\n\n16.37\n\n\n \n\n\n \n\n\n39.00\n\n\n \n\n\n40.50\n\n\n \n\n\n1.50\n\n\n \n\n\n1.24\n\n\n \n\n\n \n\n\n334.50\n\n\n \n\n\n336.00\n\n\n \n\n\n1.50\n\n\n \n\n\n19.73\n\n\n \n\n\n \n\n\n541.60\n\n\n \n\n\n558.00\n\n\n \n\n\n16.40\n\n\n \n\...

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