Vior Increases Its Land Position Around the Beauchastel Property, Rouyn-Noranda Area, Quebec
17 Diciembre 2010 - 7:00AM
Marketwired
SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:
VIO)(FRANKFURT: VL5) wishes to announce the acquisition of a block
of 12 claims covering approximately 530 hectares, adjacent to the
western boundary of the Company's 100%-owned Beauchastel property,
located 20 kilometres northwest of Rouyn-Noranda, Quebec.
The new block of claims covers the interpreted lateral
southwestern extension of the northeast-trending Quesabe Fault
where the gold mineralization at Beauchastel appears to be
associated. The Company is currently conducting a diamond drilling
program on Beauchastel to follow up on gold intercepts encountered
in 1998 on the "D" Zone during a 3-short-hole program. At that
time, the Company cut in hole BC 98-02 an intercept of 1.08 g/T
gold over 19.5 metres, including 4.38 g/T gold over 3 metres, and
another intercept of 6.72 g/T gold over 3 metres. Hole BC 98-03,
located 75 metres to the west, has cut an intercept of 0.91 g/T
gold over 19.5 metres, including 1.44 g/T gold over 9 metres (press
release of November 24, 2010). Furthermore, a recent till sampling
program on Beauchastel, yielded visual counts of gold grains as
high as 1,032 individual grains in a 15-kg samples (press release
of December 9, 2010).
The 12-claim block (formerly known as the Bourniol property) was
100% acquired from Adventure Gold Inc. (TSX-V: AGE) against a cash
payment of $7,500. Adventure Gold will retain a 2.0% NSR, half of
which (1.0%) can be bought back for $1,000,000.
This technical part was prepared and reviewed by Mr. Marc
L'Heureux who is the Company's Qualified Person under National
Instrument 43-101.
Closing of a $150,000 private placement
Vior is pleased to announce the completion of a private
placement totalling $150,000 with qualified investors. The private
placement was completed by issuing 681,818 flow-through shares of
Vior at a price of $0.22 per share.
In connection with the private placement, Vior paid a finder's
fee of $9,000 and the securities issued are subject to a four-month
holding period expiring on April 17, 2011.
Proceeds from the financing will be used for exploration work on
the Company's properties in Quebec.
Profile
Vior is a growing mining company focused on developing its
properties. The company owns 75% of the Douay Ouest gold project
and other mineral properties.
The TSX Venture Exchange (TSX Venture) does not accept
responsibility for the adequacy
or accuracy of this Press Release.
Contacts: Claude St-Jacques President 418-692-2678
cstjacques@vior.ca Web Site : www.vior.ca Marc L'Heureux
Vice-president Exploration 418-692-2678 mlheureux@vior.ca
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