Visible Gold Mines Exploration Update

About this update from Visible Gold Mines Inc.

[{"type":"text","content":"\n\n\nROUYN-NORANDA, QC, July 12, 2013 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) is pleased to provide an update on its exploration activities for 2013\n in the Abitibi Greenstone Belt of northwest Québec.\n\n\nThe past few years have been the most challenging that Visible Gold\n Mines has experienced since its inception. Whereas many small-cap\n junior exploration companies did not recover from the 2008 credit\n crisis, Visible Gold Mines did and raised more than $12 million in\n order to advance its exploration projects.  While there is no doubt\n that the Canadian investing public has lost interest in the resource\n sector for now, Visible Gold Mines is doing everything possible so as\n to be in a strong position when current market conditions improve, and\n to maximize shareholder value. In order to protect its cash position,\n Visible Gold Mines has reduced its exploration budget, but is working\n hard to keep advancing exploration by optioning its projects.  Visible\n Gold Mines is also actively looking for undervalued assets which may\n now be available. Despite the negative conditions, Visible Gold Mines\n continues to move forward and will continue to work hard to increase\n shareholder value.\n\n\nStadacona East Property (100%)\n\n\nThe Stadacona East Property is located in the centre of Rouyn-Noranda\n Township in northwestern Québec.  Two past producers, the Horne Mine\n (59.3 Mt at 5.88 g/t Au, 2.2% Cu, 13 g/t Ag) and the Stadacona Gold\n Mine (466,282 ounces Au, ref. MRNFP), are situated approximately 1.0 km\n north and 400 m west, respectively, from the northern and western\n boundaries of the Stadacona East Property.  In April 2011, Visible Gold\n Mines announced that the first NI 43-101 resource estimate for its\n Stadacona East Property had outlined 163,800 inferred ounces of gold (980,000 tonnes grading 5.19 g/t Au).  Approximately 65,000 metres of\n drilling, representing 264 holes, has been done on the property to\n date.  A 17-hole exploration program was initiated in 2011 on the east\n part of the property.  Two holes for a total of 732 metres were drilled\n in 2011 and the program will resume in 2013 for the remaining holes.\n\n\nSilidor (100%) / Capricorn (40%) Properties\n\n\nVisible Gold Mines has been explo...

More updates from Visible Gold Mines Inc.