ROUYN-NORANDA, QC,
Jan. 16, 2020 /CNW Telbec/ - Visible Gold Mines Inc.
(TSXV: VGD) (FRANKFURT:
3V41) is very pleased to announce that it acquires a 100%
ownership interest in five mining claims covering 263 hectares of
mining land package directly bordering Dios Exploration K2 gold
property and less than 3 kilometres from the southwestern portion
of Azimut Elmer Gold project. The five mining claims were
acquired by map designation.
The mining claims are located along the same trend of the
Opinaca River deformation zone along the Opinaca river and 3.25
kilometres west of the "Opinaca Zone" gold showing. A technical
compilation will be completed in the coming weeks followed by a
field exploration program later this year.
Martin Dallaire, President and
CEO of Visible Gold Mines stated, "Mining exploration needs
discoveries to bring back investors' interest and Azimut's
discovery is a good example. With this acquisition, Visible Gold
Mines land package in James Bay is
approaching 600 active mining claims".
Visible Gold Mines would also like to congratulate Azimut's
exploration team for their new discovery on the Elmer Gold
project.
Qualified Person
Robert Sansfaçon, PGeo, senior geologist and Visible Gold Mines'
vice-president exploration, is the qualified person for Visible
Gold Mines' properties under National Instrument 43-101 -
Standards of Disclosure for Mineral Projects, responsible
for the technical contents of this news release, and has approved
the disclosure of the technical information contained herein.
About Visible Gold Mines Inc.
Visible Gold Mines is a corporation focused on gold in the
prolific Abitibi Gold Belt and the
Bay James region in the province of Québec. The Corporation has
22,239,339 common shares outstanding.
Neither 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.
Website: www.visiblegoldmines.com
SOURCE Visible Gold Mines Inc.