Vior Announces Commencement of the Summer 2019 Field Program at Ligneris Project, Quebec and Update on Upcoming Carlin-East D...
July 22 2019 - 8:30AM
SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC.
("Vior"), (TSX-Venture: VIO, FRANKFURT:
VL51) – is pleased to announce that it has commenced its
Field Program on the recently signed Earn-In agreement with Ethos
Gold Corp (“Ethos”) (TSX-V: ECC) (OTCQB: ETHOF). Ligneris is a
36.2-sq-km project 100%-owned by Vior, located 100 km northeast of
Rouyn-Noranda. The Ligneris Project’s rocks, alteration and
mineralization are similar to those found at the Bousquet-LaRonde
mining Complex situated 80 km to the south.
The Ligneris 2019 Summer Field Program consists
of a recently completed till survey to delineate new gold targets,
undertaking of a 150-km line cutting program and a 125-km Gradient
IP survey along a strike of 7 km in the dacitic volcanic package of
the Project. Once the Field Program is complete, the plan is to
quickly permit and begin a Fall 2019 drill program to test the
extensions at depth of the main mineralized zones, as well as the
VTEM and new Gradient IP targets.
CARLIN-EAST PROJECT (Ridgeline
Minerals)
Vior holds an approximate 8.3% equity interest
in privately held Ridgeline Minerals (a wholly owned Nevada
subsidiary of Carlin-Type Holdings Ltd) where work is underway on
their recently acquired Carlin-East Project. Carlin-East is a
17-square-km core land position in the Carlin trend that is on
trend with Newmont’s multimillion-ounce Leeville-Turf gold mine and
adjacent to Barrick’s Goldstrike (50+ million ounces Au, past
production and reserve) complex. The primary mineralization
controlling structures (Four Corners & Lynn Faults) bounding
the Leeville-Turf mine are interpreted to extend onto the
Carlin-East property and coincide with a kilometer-scale Au in
soils anomaly centered over a pronounced gravity geophysics
high.
Ridgeline has recently completed a property-wide
gravity survey, a phase 1 soils program totaling 250 samples and a
detailed structural mapping program followed by integration of all
data into a leapfrog 3D model. A 5.0 acre BLM Notice of Intent
drilling permit has been approved and bonded with the first of two
planned drill holes beginning on July 23rd, 2019. Drilling will
target Carlin-Type mineralization within Ridgelines highest
priority target in the Four Corners – Lynn structural corridor with
a proposed target depth of 1700’-2200’ and the drill capable of
extending to 3000+ feet if warranted. Assay results are expected by
end of August, 2019.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/b21b13a1-e2be-48f0-89a9-433d6bd11a0b
Vior’s President and CEO comments, “The Company
is looking forward to their very active Summer/Fall 2019
exploration and drill Programs on 3 projects where we enjoy a
significant interest. In addition to the exploration and drill
programs currently underway at our wholly owned Ligneris Project
and Ridgeline Minerals’ Carlin-East Project, Vior is also drilling
at their 100% owned Foothills rutile project located near the town
of Saint-Urbain, Quebec. We are excited about our prospects and
eagerly await the news flow and results beginning late August,
2019!”
The technical content disclosed in this press
release was reviewed and approved by Mr. Marc L'Heureux, P.Geo.,
who is the Company's Qualified Person as per NI 43-101.
About Vior
Vior is a junior mining exploration company
based in Quebec whose corporate strategy is to generate, explore,
and develop high quality projects in proven and favourable mining
jurisdictions in North America. Through the years, Vior’s
management and technical team have demonstrated their ability to
discover several gold deposits and many high-quality mineral
prospects.
For further information, please
contact:
Mark Fedosiewich
President and CEO
Tel.:
613-898-5052
mfedosiewich@vior.ca
Marc L’HeureuxVice-president, ExplorationTel.:
450-646-1790mlheureux@vior.ca
Website: www.vior.ca SEDAR: Société d’exploration minière Vior
inc.
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 this release.
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