Val-d'Or Mining Corporation Commences Geochemical Program on Nine Quebec Properties
July 15, 2021
Val-d'Or, Quebec - Val-d'Or Mining Corporation (TSXV: VZZ) ("Val-d'Or Mining" or the "Company") commenced a geochemical program on nine (9) of its Quebec properties. The 100%-owned properties are located in the Abitibi Greenstone Belt and are prospective for precious metals (gold, silver) and base metals (copper, zinc and molybdenum).
As part of the program, the Company will collect samples along property wide grids and conduct biogeochemical, soil and rock assays.
The Company has allocated a total budget of approximately $150,000 for this program. The nine (9) properties are:
- Barraute, Val-d'Or Mining Camp - copper, zinc, silver
- Hazen, Quévillon-Miquelon Mining Camp - gold, copper, zinc, silver
- Lac Fiedmont, Val-d'Or Mining Camp - copper, zinc, silver
- Lac Lemoyne, Val-d'Or Mining Camp - gold
- LockOut, Cadillac Mining Camp - gold
- Petit Lac Noir, Val-d'Or Mining Camp - copper, zinc, silver
- Steeloy, Cadillac Mining Camp - molybdenum
- Threshold 85, Chapais-Chibougamau Mining Camp - copper-gold, zinc, silver
- Venus New, Val-d'Or Mining Camp - gold
The Company will report in more detail about the results after the completion of the program at the end of the year.
Michael P. Rosatelli P.Geo. (OGQ Special Authorization Permit; PGO #0855), the Vice President of Exploration of Val-d'Or Mining is the Qualified Person (as that term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) who approved the technical disclosures included in this news release.
About Val-d'Or Mining Corporation
Val-d'Or Mining Corporation is a publicly-listed natural resource issuer involved in the process of acquiring and exploring its diverse mineral property assets, most of which are situated in the Abitibi Greenstone Belt of NE Ontario and NW Québec, targeting both precious and base metals. To complement its current property interests, the Company regularly evaluates new opportunities for staking and/or acquisitions. Outside of its principal regional focus in the Abitibi Greenstone Belt, the Company holds several other properties in Northern Québec (Nunavik) covering different geological environments and commodities.
The Company has expertise in the identification and generation of new projects ("prospect generation"), and in early-stage "grass-roots" exploration. The mineral commodities of interest are diverse, and range from precious and base metals (gold, copper-zinc-silver, nickel-copper-PGE) to industrial and energy minerals and commodities. After the initial value creation in the 100%-owned, or majority-owned properties, the Company seeks option/joint venture partners with the technical expertise and financial capacity to conduct more advanced exploration projects.
For additional information, please contact:
Glenn J. Mullan
President & Chief Executive Officer
2864 chemin Sullivan
Val-d'Or, Québec J9P 0B9
Forward Looking Statements:
This news release contains certain statements that may be deemed "forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or realities may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.