Visible Gold Mines

Property Veronik

The Veronik gold property is comprised of 130 mining claims acquired immediately after the discovery by the Corporation by map designation and covers an area of approximately 62 km2. The Veronik gold property is located 75 kilometres southeast of Hecla’s Casa Berardi gold mine.

The Veronik property is underlain by the mafic volcanic rocks (basalt, andesite) and gabbros of the Clermont-Disson Formation, in the eastern part of the Archean Abitibi belt. While generally NW striking and steeply dipping in the western and central parts of the property, the mafic units are nevertheless folded at a kilometric scale on the east part, on the western edge of the syenitic to tonalitic intrusion known as the Lac de La Perdrix pluton. Prospecting was carried out in the summer and fall of 2017 on a group of outcrops located in the centre-east of the property. The outcrops contain a zone of iron carbonate schists at least 50 metres wide within the basalts and gabbros. This zone can contain 1% to 3% pyrite locally, a few quartz veins and silicification, chloritization and sericitization. Grab samples taken over this zone approximately 200 metres long returned gold grades of 604 ppb Au, 824 ppb Au and 3.2 g/t Au (an average of 3.07 g/t Au (fire assay) and 3.30 g/t Au (gravity method)). These grades are found a few metres south of a 2.0-m wide felsic vein. An iron carbonate erratic boulder some 25-30 centimetres in diameter found on these same outcrops returned a grade of 4.0 g/t Au (an average of 4.047 g/t Au (fire assay) and 3.99 g/t Au (gravity method)).