ROUYN-NORANDA, QC, Jan. 26 /CNW Telbec/ - Visible Gold Mines Inc.
(VGD:TSXV and 3V4:Frankfurt) is pleased to announce that it has
released its exploration plan for 2011. The current plan anticipates
mining exploration expenditures of approximately $6.5 million. The
majority of the 2011 exploration expenditures will be used to drill
numerous gold targets identified in the previous exploration programs
on Visible Gold Mines' properties located in the Rouyn-Noranda region
in the province of Québec. Drilling is expected to be on going until
December 2011, as Visible Gold Mines' pursues its strategy to increase
its resources. Visible Gold Mines expects to drill approximately 40,000
metres in exploration and definition drilling during the course of
Silidor Gold property update
The sixth diamond drill hole is currently in progress and the first five
drill holes have intercepted two auriferous quartz veins with thickness
varying from 0.3 to 0.6 metres, at a vertical depth down of 100 metres
and along a distance of at least 150 metres. First partial gold grade
results of these two veins have recovered up to 17.50 g / t Au.
Additional results from this drill program are expected in the coming
Annual and special meeting
The shareholders are invited to attend the annual and special meeting of
Visible Gold Mines' shareholders to be held at 2:00 p.m. on Friday,
January 28, 2011 at Best Western Albert Centre-Ville, Salon Raglan, 84
Avenue Principale, Rouyn-Noranda, Québec.
Quality Assurance / Quality Control
Visible Gold Mines has implemented and adheres to a strict Quality
Assurance/Quality Control program which includes one mineralized gold
standard, one blank and one duplicata for each batch of samples.
Analyses are performed by ALS Chemex of Val-d'Or, Québec, an accredited
Visible Gold Mines' exploration projects are all conducted under the
supervision of Robert Sansfaçon, geologist, and Visible Gold Mines'
Vice President, Exploration, a qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
About Visible Gold Mines Inc.
Visible Gold Mines is a corporation focused on gold in the prolific
Abitibi Gold Belt in Canada. There are presently 47,351,179 common
shares of Visible Gold Mines issued and outstanding. Visible Gold Mines
has no debt and cash liquidity of approximately $9 millions.
Neither 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
SOURCE VISIBLE GOLD MINES INC.
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