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Last C$0.06 CAD
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As of 1:42 PM 10/7/15 All times are local (Market data is delayed by at least 15 minutes).

visible gold mines inc (VGD) Snapshot

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02/6/15 - C$0.27
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visible gold mines inc (VGD) Details

Visible Gold Mines Inc. acquires and explores for gold mineral deposits in Canada. The company holds 100% interest in the Rapide Elliot, Hazeur, Stadacona, Project 167, and Green Giant properties; and 40% interest in Capricorne property. The company was incorporated in 2007 and is headquartered in Rouyn-Noranda, Canada.

Founded in 2007

visible gold mines inc (VGD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: --
Chief Financial Officer, Secretary, Director ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

visible gold mines inc (VGD) Key Developments

Visible Gold Mines Inc. Provides Drilling and Exploration Update

Visible Gold Mines Inc. provided an update of its current summer exploration activities on its 167 Property and its recent diamond drilling program. Summer Exploration Update: Induced Polarization Ground Survey: On June 2, Rémy Bélanger Geophysics and his crew initiated a 40 kilometres phase-domain induced polarization ground survey along the new 167 provincial road. The purpose of this survey will map the lithologies, geological units and structural features underlying the 167 Property, to investigate potentially favorable zones of alteration and to map with a better accuracy the distribution of disseminated and stringer sulfides in the bedrock. The geophysical survey is carried out along the new road and was chained and picketed every 50 metres. The Phase I.P. survey is using a dipole-dipole electrode configuration. The dipole dimension is 50 metres and successive separations at multiples of n=1, 2, 3, 4, 5 and 6 times the dipole dimensions is used, in order to investigate at depth. This configuration should provide a depth penetration of about 125 to 180 metres, depending on target size. The data processing and interpretation will be performed by Mr. Joël Dubé, P. Eng. from Dynamic Discovery Geoscience of Ottawa, an engineering firm specialized in geophysics. Inversion models of the resistivity and chargeability distribution within the ground will be generated to better understand the geometry and possible nature of anomaly sources. These products will be available by the end of June 2015. They will be integrated to other available data in the area and will ultimately provide guidance for the next exploration phase planned for the upcoming summer, which will include exploratory drilling. Till Sampling: Visible Gold Mines has retained the services of Inlandsis consultants, who have been specializing in boulder tracing since 1996 and who have been involved in many technical successes with a wide range of exploration companies. Inlandsis has already completed a first appraisal of glacial landforms and ice-flow sequences for Visible Gold Mines' 100% owned 167 Property. An exploration campaign based on full use of the glacial indicator tracing technique is to be initiated in the near future, in order to locate the bedrock source of the gold-rich-boulders discovered on the 167 Property. This campaign will use both rock fragments and free gold grains in till as tracers to be followed-up to their source. Drilling update: A 20-hole diamond drilling program totaling approximately 4,184 metres was performed from January to March 2015. The main objective of this drilling program was to better understand the geology and the nature of some electromagnetic (EM) conductors identified during the airborne survey completed in December 2014. The main objective of that program has been achieved. Though several drill holes have intersected mineralization over several metres, none of the 20 holes has produced results which may generate economic returns. The information obtained from this drill program is very useful for the exploration programs underway and for those to come. However, the hole 167-15-06 is interesting. This drill hole was initially supposed to test a target in an area with an isolated intense electromagnetic (EM) anomaly located in the northern sector of the 167 Property (km144), but due to the impossibility of reaching that area, the hole was done approximately 500 metres West from the main target, but between two moderate electromagnetic (EM) anomalies. Anomalous values of 0.2% nickel were obtained on 13.5 metres. Visible Gold Mines encountered significant delays in publishing its drilling results. The delays were mainly caused by a backlog at the laboratory used to conduct analysis of samples and in some cases, the re-analysis of certain samples. Visible Gold Mines has taken the necessary measures to avoid these delays in the future.

Visible Gold Mines Inc. Provides Update from the Diamond Drilling Program on its 167 Project

Visible Gold Mines Inc. provided an update from the diamond drilling program on its 167 Project. Furthermore, the table indicates if the core has been logged, split and sent to the laboratory. No result has been received yet but will be communicated in a timely fashion. The diamond drilling program is still underway by Chibougamau Diamond Drilling Ltd. of Chibougamau, Québec.

Visible Gold Mines Inc. Provides an Update from the Diamond Drilling Program on its 167 Project

Visible Gold Mines Inc. provided an update from the diamond drilling program on its 167 Project. The company official said the despite the extreme weather conditions, 10% of the diamond drilling is complete and the program is on schedule and progressing well. The diamond drilling program is still underway by Chibougamau Diamond Drilling Ltd. of Chibougamau, Québec.


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