VIOR Uses CARDS for Its Douay Project in Abitibi
April 23 2008 - 10:19AM
Marketwired
QUEBEC CITY, QUEBEC (TSX VENTURE: VIO)(FRANKFURT: VL5) announced
today that is has signed an agreement with DIAGNOS Inc. ("DIAGNOS")
(TSX VENTURE: ADK) a leader in the use of artificial intelligence
("AI") and advanced knowledge extraction techniques for the use of
its technology and the creation of a local signature in order to
target gold on the Douay property of Vior located 50 kilometres
south-west of the town of Matagami, Province of Quebec. The service
and the right to use the targets provided by CARDS (Computer Aided
Resources Detection System) are for a fee of $80,000 CAD of which
$40,000 will be paid in cash and $40,000 in common shares of Vior
and a success bonus of 250,000 common shares of Vior.
"We are confident that the work carried out by CARDS on the high
quality data delivered by our team, in the same geological context,
will save time, money and energy and will enable to target new
zones on the whole 402 concessions of 6,636 hectares that cover our
Douay project," declared Patrick Bradley, President of Vior.
As per the last NI 43-101 report, (Geostat Nov. 2007), the Douay
property contains 2.15 million ounces of gold in measured and
inferred resources (inferred resources of 1.85 million ounces and
measured plus indicated resources of 268,000 million ounces).
DIAGNOS can count on a multidisciplinary team that includes
professionals in geophysics, geology, Artificial Intelligence,
mathematics as well as remote sensing and image interpretation. The
Corporation's objective is to develop a royalty stream by
significantly enhancing and participating in the exploration
success rate of mining and oil and gas companies.
Profile
Vior is a growing mining company focused on acquiring and
developing high quality, low risk gold and base metal resource
prospects in accessible mining areas of Quebec. The Company wholly
owns the Douay gold project on which an NI 43-101 compliant
independent resource evaluation was recently completed (See press
release dated November 7, 2007). Vior is aggressively pursuing
opportunities to develop working interests in mineral properties
that offer significant upside exploration potential. Vale Inco
Limited is the largest shareholder of Vior with an 11%
interest.
Sedar : Societe d'exploration miniere Vior inc.
The TSX Venture Exchange (TSX Venture) does not accept
responsibility for the adequacy or accuracy of this Press
Release.
Contacts: Vior Inc. Patrick Bradley President (514) 235-1409
Email: pbradley@vior.ca Vior Inc. Denis Chenard, P. Eng. Director,
Exploration (819) 856-9743 Email: datac.geo@tlb.sympatico.ca
Website: www.vior.ca
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