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01/20/15 - C$0.21
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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 Commences 2015 Winter Drilling Program on its 167 Project

Visible Gold Mines Inc. announced that its geological team and drill crews have been mobilized to Visible Gold Mines' 167 Project in the James Bay region in the Province of Québec and that the geological team has started to plan the 2015 winter diamond drill exploration program with the objective of testing certain recently identified targets. The 167 Project is wholly-owned by Visible Gold Mines. These targets were generated by a 2014 airborne geophysical survey and Visible Gold Mines' modelling. The 2015 winter program will focus on drill testing targets that have the same or similar characteristics as the boulders found during the fall of 2014. Several targets with these characteristics are present within less than one kilometre along provincial road 167. The 2015 winter program is anticipated to continue through to the end of April 2015. The diamond drill contract for the 2015 winter program has been awarded to Chibougamau Diamond Drilling Ltd. of Chibougamau, Québec.

Visible Gold Mines Inc. Announces the Completion of Survey on its 167 EXTENSION Project

Visible Gold Mines Inc. announced the completion of its previously-announced of detailed helicopter-borne magnetic (MAG) and time-domain electromagnetic (TDEM) Survey on its 167 EXTENSION project in the Plan Nord region in the province of Québec. The survey began on November 13(th) and was completed recently. The MAG-TDEM geophysical survey consisted of a data acquisition program for a total of 3,955 linear kilometres on two different survey block at 100 metre line spacing. Visible Gold Mines has implemented and adheres to a strict Quality Assurance/Quality Control for the current exploration program. 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.

Visible Gold Mines Inc. Reports Audited Earnings Results for the Year Ended July 31, 2014

Visible Gold Mines Inc. reported audited earnings results for the year ended July 31, 2014. For the period, the company reported operating loss of CAD 985,611 compared to CAD 3,067,958 a year ago. Loss before income taxes was CAD 978,925 compared to CAD 3,055,879 a year ago. Net loss was CAD 830,375 compared to CAD 2,426,274 a year ago. Basic and diluted net loss per share was CAD 0.01 compared to CAD 0.04 a year ago. Cash outflows from operating activities were CAD 437,891 compared to CAD 244,905 a year ago. Additions to mining properties were CAD 119,968 compared to CAD 52,631 a year ago.


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