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Visible Gold Mines' Wasa Creek Property shows discovery potential
ROUYN-NORANDA, QC, Sept. 12, 2011 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankf...
About this update from Visible Gold Mines Inc.
[{"type":"text","content":"\n\n\n\n\n\nROUYN-NORANDA, QC, Sept. 12, 2011 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) is pleased to report that it has completed 13 holes and 8,800 metres of\n drilling in a Phase 1 campaign at its Wasa Creek Property, part of the\n Company's optioned Lucky Break Project that covers 6,036 hectares of\n under-explored ground west of Rouyn-Noranda, Quebec, in the vicinity of\n Richmont Mines' Wasamac gold deposit.\n\n\nVisible Gold Mines is eagerly anticipating assay results for an\n additional 12 holes after the very first hole drilled at Wasa Creek\n (LBWC-11-03) cut four distinct zones of gold mineralization with\n encouraging assays as announced August 11, 2011.  Mineralization has\n been observed in drill core over a wide area at this previously\n unexplored property, from LBWC-11-05 at the western edge to LBWC-11-11\n in the northeast sector (a distance of 2,300 metres).  LBWC-11-12, for\n example, centered approximately in between those two holes and collared\n 430 metres northeast of LBWC-11-03, intersected a total of 10 zones of\n mineralization beginning 46 metres from surface and ending near the\n bottom of the hole (total vertical depth was 563 metres).  This\n included multiple mineralized shear zones up to 13 metres in length in\n addition to a well-mineralized five-metre quartz carbonate vein\n structure in Archean volcanic rock near the end of the hole. These\n mineralized sections contain 2-5% pyrite and some chalcopyrite.\n\n\nA better geological understanding of the Wasa Creek Property is\n beginning to emerge.  Wasa Creek covers a 3.5-kilometre stretch of the\n prolific Cadillac Fault, spatially related to numerous large gold\n deposits from east of Val-d'Or to the famous Noranda mining camp to the\n former 11-million ounce Kerr Addison Mine in Virginiatown, Ontario. \n Intense fracturing and displacement have been observed at Wasa Creek\n and it's now believed that the Cadillac Fault runs in a northeast\n direction, as opposed to a straight east-west direction, under at least\n half of the property and then it bends to the east, creating a zone of\n major geological interest.  In addition, given intriguing thickness\n variations in younger sedimentary rock formations of the Cobalt Group\n that cover the Cadillac Fault, important north-south secondary fa...