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VIO Vior Inc

0.185
0.00 (0.00%)
22 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Vior Inc TSXV:VIO TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.185 0.18 0.19 0 12:15:22

Vior Drill-Tests Two Targets on the Vezza-Noyard Project, Matagami Area, Quebec

19/10/2011 1:00pm

Marketwired Canada


SOCIETE D'EXPLORATION MINIERE VIOR INC. (TSX VENTURE:VIO),(FRANKFURT:VL5) is
pleased to announce the commencement of a short drilling program on its
100%-owned Vezza-Noyard property (346 Ha), located 25 kilometres south of
Matagami, Quebec.


The program aims at testing two shallow targets characterized by
high-resistivity geophysical anomalies located along a favourable geological
contact where historical gold showing were discovered. Some gold-silver MMI
(Mobile Metal Ion) anomalies associated with arsenic and antimony pathfinders
were also outlined by the Company along this geological contact (press release
of January 20, 2011). Results from the drilling program will be released in
early 2012.


The Vezza-Noyard project is located immediately adjacent southeast to the North
American Palladium's Vezza gold deposit where Measured and Indicated Resources
are estimated to contain 321,000 ounces of gold at 5.8 g/t with an Inferred
Resources of 102,000 ounces of gold at 5.0 g/t (source: PDL website). PDL has
invested $26 M in 2011 to advance the Vezza gold deposit through exploration and
development towards a production decision by year end. On surface, the Vezza
gold deposit is located less than 300 metres away from the northernmost MMI
anomaly on the Property. Historical drilling near the extensions of this MMI
anomaly returned 4.2 g/t Au over 5.2 metres, 11.8 g/t Au over 2.25 metres and
6.1 g/t Au over 1.3 metre.


A technical report on the Mineral Resource Estimate at the Vezza gold deposit,
by Scott Wilson RPA, dated April 2, 2010 (source: www.sedar.com), states that
the gold distribution in the Contact Zone at Vezza shows that this zone is open
down plunge to the southeast. This suggests that the Contact Zone might extend
onto the Vezza-Noyard property. Furthermore, the report shows that part of the
650-metre level underground infrastructure at the Vezza gold deposit could be
located within the Company's Vezza-Noyard property boundary.


No deep drilling was ever done on the Property to test the extensions at depth
of the Vezza gold deposits.


This press release was prepared by Mr. Marc L'Heureux who is the Company's
Qualified Person under National Instrument 43-101.


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Vior is a growing mining company focused on developing its properties.

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