ROUYN-NORANDA, QC,
April 14, 2016 /CNW Telbec/ - Visible Gold Mines Inc.
(TSXV: VGD) (Frankfurt: 3V4) is pleased to announce that
its geological team and drill crews have been mobilized to its
Project 167 to complete the third phase of its winter diamond drill
exploration program having for objective testing strong
electromagnetic (EM) anomalies identified on the South Block of the
Project 167, located approximately eight kilometers off the 167
provincial road. This third phase of the winter drilling campaign
will consist of up to six holes totalling a minimum of 900 metres
of drilling. None of the prospective targets have been historically
drilled. Chibougamau Diamond Drilling Ltd. of Chibougamau, Québec has been engaged to
conduct the current drilling campaign.
A map outlining the drill holes location is now available on
Visible Gold Mines's website. Visit www.visiblegoldmines.com for
interactive map and pictures.
Qualified Persons
Mr. Jeannot Theberge, P.Geo., a
consultant to Visible Gold Mines, is the qualified person on the
Project 167 information presented in this press release under
National Instrument 43-101 Standards of Disclosure for Mineral
Projects and is responsible for the technical contents of this
press release and has approved the disclosure of the technical
information contained herein.
Quality Control
Visible Gold Mines has implemented and adheres to a strict
Quality Assurance/Quality Control for the current exploration
program. It includes one mineralized gold standard, one
duplicate and one blank for each batch of samples. Analyses
are performed by ALS Chemex, Val-d'Or, Québec, or Techni-Lab,
Ste-Germaine-Boulé, Québec, both accredited laboratories.
About Plan Nord Project 167
In 2011, when the Québec Government launched its ambitious Plan
Nord project to develop Québec's north, including the construction
of a 243 kilometre-long all-season road that links
Stornoway's Renard Diamond project
to the provincial highway network, Visible Gold Mines' management
decided to acquire the available mining rights along each side of
the new road in order to have access to new outcrops and strippings
generated by the road construction. Visible Gold Mines acquired
claims by acquisition and staking and so the Project 167 was born.
Out of the 140 kilometres of new road available for mining
exploration (the first 102 kilometres are a planned provincial
park), Visible Gold Mines owns more than 110 kilometres. The 167
provincial road was completed in October 2014 at a
construction cost of approximately $350 million. The Project
167 is 100% owned by Visible Gold Mines, with the exception of 80
mining claims comprising the North Block, in which Visible Gold
Mines currently has a 90% interest. The Project 167 covers
approximately 61,178 hectares or 611 km2.
About Visible Gold Mines
Visible Gold Mines Inc. is a dynamic corporation aggressively
searching for the next important gold deposit in the province of
Québec, an area consistently ranked as one of the world's best
jurisdictions for mining and exploration.
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of the release.
SOURCE Visible Gold Mines Inc.