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Visible Gold Mines Receives $750,000 Tax Credit Payment
Visible Gold Mines Receives $750,000 Tax Credit Payment Visible Gold Mines Receive...
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n\n\n\nVisible Gold Mines Receives $750,000 Tax Credit Payment\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\nVisible Gold Mines Receives $750,000 Tax Credit Payment\nCanada NewsWire\nROUYN-NORANDA, QC, Feb. 3, 2016\n\n\n\nROUYN-NORANDA, QC, Feb. 3, 2016 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) would like to report that it has received a cash payment of $750,000 from  Revenu Quebec. The payment represents the Quebec mineral exploration tax credit relating to the company's 2015 exploration expenditures including expenditures made on its Project 167 located in James Bay. Eligible exploration expenditures on the company's Quebec properties qualify for a refundable provincial tax credit between 28% and 31%. With receipt of the 2015 tax credit the Company currently has a cash reserve of approximately $1.5 million including the recent flow-through financing (December 2015) and no debt. \n\nDrilling resumes in James Bay\n\nVisible Gold Mines is pleased to announce that its geological team and drill crews have been mobilized to its Project 167 for the 2nd phase of diamond drilling. The objective of this phase 2 winter diamond drill exploration program is to test recently identified induced polarization targets on the property's Central Block. Chibougamau Diamond Drilling Ltd of Chibougamau, Québec has been engaged to conduct the current drilling campaign.\n\nVisible Gold Mines is pleased to report that the assay results from its previously-announced five hole drilling program totalling 966 metres on the North Block of its Project 167 have been received. Of these, 2 drill holes, 167-15-23 and 167-15-25, intersected anomalous gold values. 167-15-23, intersected a mineralized quartz vein in a mudstone that  returned 0.356 g/t over 0.29m and  hole 167-15-25 a vein containing pyrite, pyrrhotite and arsenopyrite in sedimentary rock that returned 0.242 g/t over 0.40m. \n\nAnnual and special meeting of shareholders\n\nVisible Gold Mines announces the voting results from its annual and special meeting of shareholders. At the meet...