Visible Gold Mines Announces Drilling Results from Quebec Projects; Shares Down 12%

By Midnight Trader,  January 15, 2013, 12:36:17 PM EDT

Visible Gold Mines Inc. (VGD.V) announced the final results from its Phase 2 Wasa Creek/Wasa East drilling program on the corporation's Break project, west of Rouyn-Noranda, Quebec.

The Wasa Creek 2012 drilling program is located approximately 3 kilometres southwest of Richmont Mines' Wasamac project and was composed of 10 drill holes totaling 5,698 metres.

The Wasa East drilling program was composed of 3 drill holes totaling 564 metres and is located 3.5 kilometres east of Wasamac.

The corporation has also completed its phase 2 drilling program for a total of 8 holes and 2,982 metres on its Joutel gold project in Quebec.

VGD shares fell half-a-cent to $0.035 on volume of 809,000.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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