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DISSEMINATION IN THE UNITED STATES/
ROUYN-NORANDA, QC, Sept. 18 /CNW Telbec/ - Visible Gold Mines Inc. (VGD:
TSX Venture Exchange) is pleased to announce the commencement of its phase 2
gold exploration program on its 100% owned Hazeur property located
approximately 25 kilometres south-west of the city of Chibougamau. The
property is easily accessible by the Barrette-Chapais-South road and various
other logging roads which are located in this region.
The property is comprised of 147 mineral claims, covering a surface area
of 2,382 hectares. The property was acquired from Fieldex in July 2007 and all
of the claims are in full force and effect.
Ten gold showings have been identified on the property. The gold
potential of the Coapatina metavolcanic-metasedimentary segment is evident by
the presence of the Joe Mann mine, operated by Campbell Resources, the
Philibert deposit Exploration, and numerous gold showings that are dispersed
along the segment. The Joe Mann mine, located approximately 15 kilometres east
of the Hazeur property, has produced more than 900,000 ounces of gold since
the 1950s. The Philibert deposit, located less than one kilometre to the east
of the Hazeur property, contains resources from 1.4 Mt to 5.32 g/t. Au
(MB-99-33: Government of Québec database).
The Hazeur property is located at the eastern extremity of the North
Volcanic zone of the Abitibi subprovince and, more precisely, within the
Caopatina-Desmaraisville metavolcanic-metasedimentary belt. All the
lithologies in the region belong to the Superior Province and are Archean in
age, with the exception of Proterozoic diabase dykes. Caopatina segment is
characterized by one metavolcanic-metasedimentary cycle that is divided into
the Obatogamau and Caopatina formations. The Obatogamau Formation, situated at
the base of the stratigraphic sequence, is interpreted as a vast sub-marine
plain that consists of mafic to felsic metavolcanic centers scattered over
tholeitic metabasalt. The Obatogamau Formation, which forms a long basin
situated within a large regional syncline (the Druillettes syncline), is
overlain by metasedimentary rocks of the Coapatina Formation. These rock units
are crosscut by east-west-striking faults and overprinted by regional
metamorphism that varies from the greenschist facies to the amphibolite
The gold exploration program will mainly consist of stripping the
showings, channel sampling and drilling.
About Visible Gold Mines Inc.
Visible Gold Mines is a company focused on gold in the prolific Abitibi
Gold Belt in Quebec. The Company's portfolio of properties consists of
wholly-owned projects which will be managed by a team of geologists who have a
proven track record. Visible Gold Mines' modus operandi is to increase
shareholder value mainly by increasing its resources. A major portion of the
2007-2008 exploration budget will be invested on the company's flagship
Stadacona East Mine' property.
This news release contains certain forward-looking statements. These
forward-looking statements are subject to a variety of risks and uncertainties
beyond the ability Visible Gold Mines to control or predict, which could cause
actual events or results to differ materially from those anticipated in such
forward-looking statements, including risks disclosed in filings with the
Canadian securities regulators made by Visible Gold Mines. Accordingly,
readers should not place undue reliance on forward-looking statements.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Martin Dallaire, President and CEO, (819)
762-0609, Fax: (819) 762-0097, firstname.lastname@example.org,