Visible Gold Mines diamond drilling update

Rouyn-Noranda, QC, Feb. 25, 2015 /CNW Telbec/ -Visible Gold Mines Inc. (TSXV: VGD) (Frankfurt: 3V4) is pleased to provide an update from the diamond drilling program on its 167 Project. The following table shows each hole number, its location, its status and the core location.  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.

DDH

ZONE

LENGTH
(M)

STATUS

CORE LOCATION

LOG

CORE SPLIT

ASSAYS

167-15-01

KM107

201

Completed

Coreshack

Yes

Yes

Pending

167-15-02

KM107

201

Completed

Coreshack

Yes

Yes

Pending

167-15-03

KM107

201

Completed

Coreshack

Yes

Yes

Pending

167-15-04

KM107

201

Completed

Coreshack

Yes

Yes

Pending

167-15-05

KM143

201

Completed

Coreshack

Yes

Yes

No

167-15-06

KM144

252

Completed

Coreshack

Yes

No

No

167-15-07

KM147

201

Completed

Coreshack

No

No

No

167-15-08

KM147

201

Completed

Baie-James camp

No

No

No

167-15-09

KM150

201

Completed

Baie-James camp

No

No

No

167-15-10

KM155

198

In progress

Baie-James camp

No

No

No

167-15-11

KM150

201

Completed

Baie-James camp

No

No

No

"While this project is still in its early days and despite the fact that each hole is very far from each other, it is interesting to note that sulphide mineralization was encountered in six exploration holes so far" stated Martin Dallaire, President and Chief Executive Officer of Visible Gold Mines.

The diamond drilling program is still underway by Chibougamau Diamond Drilling Ltd. of Chibougamau, Québec.

Visible Gold Mines at PDAC

Visible Gold Mines will be attending the 2015 Prospectors and Developers Association of Canada (PDAC) International Convention and Investors Exchange in Toronto on March 1-4.  We would like to invite you to meet the Visible Gold Mines team at booth #3141.  The conference will provide current and prospective shareholders an opportunity to speak with management about Visible Gold Mines' 167 Project and other exploration activities.

Qualified Persons

Mr. Martin Dallaire, P.Eng., President and Chief Executive Officer of Visible Gold Mines, is the qualified person on the 167 Project exploration information presented in this press release under National Instrument 43-101 Standards of Disclosure for Mineral Projects, is also responsible for the technical contents of this press release and has approved the disclosure of the technical information contained herein. The data verification was conducted by Jeannot Theberge, P.Geo. under the supervision of Martin Dallaire, P.Eng.

About 167 Project

In 2011, when the Québec Government launched its ambitious Plan Nord project to develop Québec's north, including the construction of a 243 kilometre-long all-season road that links Stornoway's Renard Diamond project to the provincial highway network, Visible Gold Mines' management decided to acquire the available mining rights along each side of the new road in order to have access to new outcrops and strippings generated by the road construction. Visible Gold Mines acquired claims by acquisition and staking and so the 167 Project was born. Out of the 140 kilometres of new road available for mining exploration (the first 102 kilometres are a planned provincial park), Visible Gold Mines owns more than 110 kilometres. The road has been completed since October 1, 2014 at a construction cost of approximately $350 million. The 167 Project is 100% owned by Visible Gold Mines and represents with recent acquisitions up to 61,178 hectares or 611 km2.

About Visible Gold Mines

Visible Gold Mines Inc. is a dynamic corporation aggressively searching for the next important gold deposit in the province of Québec, an area consistently ranked as one of the world's best jurisdictions for mining and exploration.

Forward-Looking Statements

This news release contains statements that may constitute "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information may include, among others, statements regarding the future plans, costs, objectives or performance of Visible Gold Mines, or the assumptions underlying any of the foregoing. In this news release, words such as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate" and similar words and the negative form thereof are used to identify forward-looking statements. Forward-looking statements should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which, such future performance will be achieved. No assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including the development of the 167 Project, or if any of them do so, what benefits Visible Gold Mines will derive.  Forward-looking information are based on information available at the time and/or management's good-faith belief with respect to future events and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable factors, many of which are beyond Visible Gold Mines' control. These risks, uncertainties and assumptions include, but are not limited to, those described under "Financial Risk Management Objectives and Policies, and Financial Risks" in Visible Gold Mines' Annual Report for the fiscal year ended on July 31, 2014, a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in any forward-looking statements. Visible Gold Mines does not intend, nor does Visible Gold Mines undertake any obligation, to update or revise any forward-looking information contained in this news release to reflect subsequent information, events or circumstances or otherwise, except if required by applicable laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of theTSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the release.

 

SOURCE Visible Gold Mines Inc.

For further information: Martin Dallaire, President and Chief Executive Officer, Telephone: 819-762-0107, Fax: 819-762-0097, E-mail: mdallaire@visiblegoldmines.com; Website: www.visiblegoldmines.com

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