Visible Gold Mines announces lucky break drilling results and completes its Phase 2 drilling on Joutel

Visible Gold Mines announces lucky break drilling results and completes its 
Phase 2 drilling on Joutel 
ROUYN-NORANDA, QC, Jan. 15, 2013 /CNW Telbec/ - Visible Gold Mines Inc. (TSXV: 
VGD) (Frankfurt: 3V4) is pleased to announce the final results from its Phase 
2 "Wasa Creek/Wasa East" drilling program on the Corporation's Break project, 
west of Rouyn-Noranda, Québec. 
The Wasa Creek 2012 drilling program is located approximately 3.0 kilometres 
southwest of Richmont Mines' 6.75 Mt (M+I) Wasamac project and was composed of 
10 drill holes totaling 5,698 metres. The Wasa East drilling program was 
composed of 3 drill holes totaling 564 metres and is located 3.5 kilometres 
east of Wasamac. (see map on the Corporation website at 
www.visiblegoldmines.com) 
FINAL ASSAY RESULTS FROM THE WASA-CREEK 2012 DRILLING PROGRAM -10-HOLES 5,698 
METRES 
                               From     To       Int.    Au 
Hole                               (m)      (m)      (m)     (g/t)  


                                                              

WC-12-01                           260.00   261.00   1.00    4.12
                                   414.50   418.60   4.10    21.75* 
                                   523.33   540.00   16.67   0.63

* see March 15, 2012 Press Release                            
                                                              

WC-12-02                           19.75    20.60    0.85    1.94
                                   420.00   427.50   7.50    1.13
                                   691.50   692.50   1.00    2.06
                                                              

WC-12-03                           236.30   237.80   1.50    3.54
                                   466.55   467.07   0.52    1.88
                                   485.50   488.93   3.43    2.34
                                   510.25   511.50   1.25    2.53
                                   574.50   576.00   1.50    2.32
                                                              

WC-12-04                           376.50   378.00   1.50    1.10
                                   381.00   387.25   6.25    0.93
                                   459.00   463.50   4.50    0.81
                                   472.00   473.10   1.10    2.42
                                   480.00   483.00   3.00    2.05
                                                              

WC-12-05                           43.20    44.00    0.80    0.96
                                   279.60   285.55   5.95    3.45
                                   360.00   367.50   7.50    3.22
                                   373.50   375.00   1.50    2.18
                                   388.50   391.00   2.50    5.00
                                                              

WC-12-06                           222.00   225.00   3.00    1.05
                                   262.50   264.00   1.50    1.54
                                   377.00   378.00   1.00    1.24
                                   420.40   421.00   0.60    1.77
                                                              

WC-12-07                           200.20   200.60   0.40    1.18
                                   278.30   280.00   1.70    1.58
                                   327.00   328.50   1.50    1.16
                                   350.50   352.50   2.00    6.04
                                   370.50   388.85   18.35   1.04
                                                              

WC-12-08                           0.00     465.00   nil     nil
                                                              

WC-12-09                           317.60   318.95   1.35    1.60
                                   332.40   332.80   0.40    10.94
                                   364.20   364.50   0.30    1.24
                                                              

WC-12-10                           235.80   237.00   1.20    5.37
                                   352.00   352.70   0.70    2.66
                                   412.90   415.65   2.75    2.06
                                   444.00   444.80   0.80    0.78
                                   538.30   539.70   1.40    1.64
                                                              

FINAL ASSAY RESULTS FROM THE WASA-EAST 2012 DRILLING PROGRAM
-3-HOLES 564 METRES 
                                                              
                                   From     To       Int.    Au

Hole                               (m)      (m)      (m)     (g/t) 
                                                              

WE-12-01                           24.00    25.20    1.20    1.60
                                                              

WE-12-02                           88.50    90.00    1.50    1.11
                                                              

WE-12-04 ext.                      439.50   440.10   0.60    5.77

Following encouraging results in the first phase of drilling, two subsequent 
drill programs were conducted. These utilized a core orientation system to 
better understand vein geometry. Results of the second phase produced mixed 
results, and the core orientation system proved difficult to use. The third 
phase was much more successful in terms of results from the core orientation 
system, demonstrating that some mineralized zones strike about 165 degrees 
(NNW-SSE) and dip 30-35 degrees west. The relationship between these and the 
conventional north-dipping, E-W striking, sheared-vein systems is not known.

The oriented data provides a new perspective on the results obtained, such 
that future drilling will consider these structural complexities and will be 
testing extensions to known NNW-SSE zones as well as other linear features in 
the same orientation. At least two such magnetic lineaments, defined by a 
detailed magnetic survey conducted earlier by Cadillac Mining Corp., are now 
priority drill targets.

Under the terms of a December 2010 option agreement Visible Gold Mines can 
earn a 60% undivided interest in 226 of Cadillac's 239 claims by spending $4.2 
million on exploration, and making a series of payments aggregating $100,000 
and 500,000 shares. To date, Visible Gold Mines has expended approximately 
$4.3 million and paid Cadillac Mining Corp. $75,000 and issued 300,000 common 
shares.

Joutel Project Option

The Corporation has completed its phase 2 drilling program for a total of 8 
holes and 2,982 metres on its Joutel gold project located in the Joutel 
township Province of Quebec.

The first three holes (JO-12-01 to 03) located on the east side of the 
property cut many strongly altered gabbroic and felsic dykes or sills. These 
are overprinted by a conjugated set of quartz-carbonates veins. A single spec 
of visible gold was seen in a quartz vein intersected at a depth of 65.2 
metres in hole JO-12-03, within a 35.7 metres interval of a strongly 
hematitized and silicified felsic intrusion. (see location map on the 
Corporation website at www.visiblegoldmines.com)

Two additional drill holes (JO-12-07 and 08) located 960 and 1,200 metres 
north west of JO-12-01 also intersected many altered and mineralized zones. 
Three other drill holes (JO-12-04 to 06) totaling 1,190 metres were completed 
on each side of JO-11-06.

Over 1,300 samples have been sent to the laboratory at this moment. Assay 
results should be available in the coming weeks.

On March 1(st), 2011, Visible Gold Mines entered into an Option Agreement with 
Agnico-Eagle Mines Limited under which Visible Gold Mines can acquire a 50% 
undivided interest in the Joutel property, comprised of one mining lease and 
477 mining claims located 150 km north of Rouyn-Noranda, northwestern Québec 
(see March 31, 2011 Press Release).

To acquire a 50% undivided interest in the Joutel property, Visible Gold Mines 
must incur $5 million in exploration expenditures on the property over a 
period of five years, which includes a firm commitment of $500,000 during the 
first year of the Option Agreement and $750,000 during the second year. To 
date, Visible Gold Mines has expended approximately $1.9 million on the Joutel 
project.

The large land package includes the former Eagle Ouest and Telbel deposits 
which produced combined over 5,278,870 tons at a grade of 6.4 g/t of gold (1.1 
million ounces) from 1974 to 1993. (reference: Sansfaçon, 2012).

Qualified Person

This news release was written by Martin Dallaire, P.Eng., President and Chief 
Executive Officer of Visible Gold Mines and approved by Jeannot Théberge, 
P.Geo and Robert Sansfaçon, P.Geo in their capacity as qualified persons (QP) 
under NI 43-101.

Quality Control

Visible Gold Mines has implemented and adheres to a strict Quality 
Assurance/Quality Control for the present drill programs. 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 Visible Gold Mines

Visible Gold Mines Inc. is a dynamic company aggressively searching for the 
next important gold deposit in northwestern 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.

Martin Dallaire, President and Chief Executive Officer Telephone: 
819-762-0609, Fax: 819-762-0097 E-mail:mdallaire@visiblegoldmines.com 
Website:www.visiblegoldmines.com

SOURCE: Visible Gold Mines

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CO: Visible Gold Mines
ST: Quebec
NI: MNG PCS FIELD FIN 

-0- Jan/15/2013 17:07 GMT


 
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