Visible Gold Mines

Property Piko

The Piko gold/copper property consists of 50 mining claims acquired by the Corporation by map designation and covers an area of approximately 25 km2. The Piko property is located approximately 10 kilometres east of Royal Nickel’s Dumont Nickel project.

The Archean rocks of the Piko property straddle the eastern contact between the Taschereau granodiorite/tonalite pluton to the west and the mafic rocks of the Figuery volcanic group to the east. The southern property boundary also lies approximately 2.5 kilometres north of the Macamic Fault. This NW-striking fault, as well as the pluton and host rocks at its contacts, contains several gold showings, as described in Liboiron (2005 – GM 61556), Mai (2011 – GM 66144) and Beauregard and Gaudreault (2005 – GM 62359). It should be noted that a historical resource of 541,300 t at 3.98 g/t Au has been delineated within the Taschereau pluton (Liboiron, 2005 – GM 61556, Beauregard and Gaudreault, 2005 – GM 62359). The showing discovered by Visible Gold Mines recently on an outcrop east of the contact of this intrusion returned grades of 882 ppb and 2.4 g/t Au in grab samples (average of fire assays (2.1 g/t Au) and a gravity assay (2.72 g/t Au). These samples were taken from a 1.5 metres wide, NW-striking felsic dyke. The intrusion, hosted in silicified basalts, shows silicification, carbonation, quartz veins and trace to 2% pyrite in disseminated and veinlet form. Technical compilation is presently under way in order to plan the next stage of field work.