/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
ROUYN-NORANDA, QC, Feb. 17 /CNW Telbec/ - Visible Gold Mines Inc. (VGD:
TSX Venture Exchange) has completed a 13-hole, 11,000 metre drill program on
its Stadacona East gold property. The property is located in the centre of
Rouyn Township in northwestern Quebec. The property is comprised of 78 mineral
claims, covering a surface area of 1,563 hectares. All of the claims are in
full force and effect.
The two past producers, the "Noranda Mine" (59.3 Mt at 5.88 g/t Au, 2.2%
Cu, 13 g/t Ag) and the Stadacona Gold Mine (466,282 ounces Au), are situated
approximately 1.0 km north and 400 m west, respectively, from northern and
western boundaries of the Stadacona East property.
Drill core is currently being split, logged and sent to the laboratory
for analysis. Assay results are expected in the coming weeks.
Martin Dallaire, the president and CEO stated, "The first objective is to
prove the extension of the gold mineralized zone in depth and the second
objective is to get information from this deep area, which has never been
The property is underlain by mafic to felsic metavolcanic rocks of the
very important Blake River Group. Two economically significant structures host
gold mineralization on the Stadacona East property (see the 43-101 technical
report on our website, www.visiblegoldmines.com).
The company also wishes to announce that Mr. Claude Dufresne has resigned
as a director effective immediately. Visible Gold Mines would like to thank
Mr. Dufresne for his contribution during his tenure at the corporation, and
wishes him all the best in his future ventures. Mr. Dufresne will be replaced
by Dr. Patrice Dionne, respected businessman in Canada.
About Visible Gold Mines Inc.
Visible Gold Mines is a company focused on gold in the prolific Abitibi
Gold Belt in Canada. The Company has 25,369,929 shares outstanding, no debt
and cash liquidity of $1.8 millions representing $0.07 per share.
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,