Business
Visible Gold Mines Expands Exploration Portfolio With Acquisition of 250 KM² District-Scale Sakami Gold Project
Acquisition of a 100% interest in the Sakami Gold Project, comprising 475 claims covering ~250 km² in the James Bay region of Québec Prime exploration
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n \nAcquisition of a 100% interest in the Sakami Gold Project, comprising 475 claims covering ~250 km² in the James Bay region of Québec\nPrime exploration location adjacent to major gold projects, including Lux Metals’ La Grande deposit to the north and Fury Gold Mines’ La Pointe deposit to the south\nLarge-scale, underexplored gold property situated within a favourable Archean greenstone belt environment featuring multiple deposit models, including that of the Éléonore gold mine, and exhibiting a strong polymetallic signature (Au-Ag-Cu-Zn-Pb)\nMore than $5 million invested in historical exploration by previous operators, with only limited drilling completed to date\nMultiple mineralized zones identified across the property highlight strong district-scale exploration potential.\n\nROUYN-NORANDA, Québec / May 27, 2026 / Business Wire / Visible Gold Mines Inc. (\"Visible Gold\" or the \"Company\") (TSXV: VGD) (FRANKFURT: 3V41) is pleased to announce that it has entered into an arm's-length agreement dated May 26, 2026 (the \"Agreement\") with Morocco Strategic Minerals Corp. (TSXV: MCC) (the \"Vendor\") to acquire a 100% interest in the Sakami property (\"Sakami\" or the \"Property\") located in the James Bay Territory of Québec.\nCEO QUOTE \nJean-Marc Lacoste, President and CEO of Visible Gold stated: \"Over the last few months, we have strengthened the Company’s exploration portfolio through the acquisition of a second district-scale gold project located in a rapidly emerging mining camp that includes the Éléonore gold mine and neighbouring deposits adjacent to our property. This acquisition aligns with our strategy of creating long-term shareholder value through the advancement of high-quality gold projects in proven mining districts. Sakami has already been the subject of extensive early-stage exploration, generating a large volume of valuable data that will help guide the design of our upcoming exploration and drilling programs.\"\nSAKAMI DESCRIPTION \nThe Property comprises 475 claims covering ~250 km² and is strategically located along the contact between the Opinaca and La Grande subprovinces, one of the most significant geological structures in the James Bay region and host to numerous gold deposits. These include the Éléonore gold mine, which hosts proven and probable reserves of 10.1 Mt grading 5.05 g/t Au for approxi...