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visible gold mines inc (VGD) Snapshot

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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...
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Chief Financial Officer, Secretary, Director ...
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Compensation as of Fiscal Year 2013.

visible gold mines inc (VGD) Key Developments

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.

Visible Gold Mines Inc. Announces Initiation of 4,000 Kilometers Airborne Survey for its New Project in the James Bay Region of Québec

Visible Gold Mines Inc. announced that it has contracted Prospectair Geosurveys Inc. of Gatineau, Québec for a detailed helicopter-borne magnetic and time-domain electromagnetic survey of its 100% owned 167 EXTENSION project in the region of the Plan Nord in the province of Québec. The survey began on November 13, 2014 and so far approximately 1,977 linear kilometers, representing 50% of the survey, have been covered by Prospectair. The entire survey is expected to be completed before the end of the month of November. The MAG-TDEM geophysical survey will consist of a data acquisition program over a total of 3,955 linear kilometers on two different survey blocks at 100 meter line spacing. Upon completion of the heliborne survey, Joël Dubé, Eng., a consultant specialized in geophysics, will generate anomaly-picking and interpretation maps. These products will be key in providing prospective guidance on potential diamond drilling targets. A preliminary map will be available soon after the survey is completed and final maps, data and report are expected within two weeks of completion of the data acquisition. A Eurocopter EC120B aircraft equipped with the lightweight ProspecTEM system and a Geometrics magnetometer will be used to carry out the survey. This cost-effective geophysical configuration is well adapted for reconnaissance surveys with the objective of delineating conductors to a depth of about 150 meters while maintaining excellent spatial resolution. Detailed heliborne MAG-TDEM surveying technology offers excellent penetration results for detecting discrete conductive anomalies as well as mapping lateral and vertical variations in resistivity at depth. Given the conductive and magnetic nature of the angular mineralized boulders found by Visible Gold Mines along Road 167, the MAG-TDEM heliborne technology offers an adapted data combination, thus maximizing chances to discover the sub-outcropping sources of these boulders. Following the receipt of all sample results and of the MAG-TDEM geophysical survey, the Visible Gold Mines geological team will review the results and establish an exploration program in order to define the bedrock sources of these mineralized boulders. A batch of 16 new mineralized boulders were sent to Techni-Lab Laboratories on November 7, 2014 and results from these boulders will be released as they become available.


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