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Visible Gold Mines Inc. ("Visible Gold Mines" or "the Company") is a mining exploration company focused on gold mineral prospects in the Abitibi greenstone belt of Québec, Canada. A greenstone belt is a zone of metamorphosed volcanic and sedimentary rock that can stretch several dozen to several thousand kilometers. The Abitibi greenstone belt is one of the world's richest mining areas, with past production thought to have exceeded 170 million ounces (oz) of gold as well as considerable quantities of copper, zinc, and silver, among other metals. Visible Gold Mines' flagship property is its wholly owned Stadacona East gold prospect, which may host roughly 98,000 oz of gold according to calculations based on historical exploration of the property. To further delineate the potential gold mineralization at Stadacona East, Visible Gold Mines completed an 11-hole, nearly 11,000-meter drill program in February 2009. One of the primary factors fueling the Company's decision to focus its resources on Stadacona East is the project's location. Not only does the Company benefit from Québec's stable mining laws, well-developed infrastructure, and friendly atmosphere toward mining, but the Stadacona East prospect is located near some of Canada's most significant mines. The property is approximately 1 km south of the historic Horne deposit and 50 km west of the LaRonde Mine, which is believed to be Canada's largest gold deposit. Moreover, areas of the Stadacona East prospect are part of the same shear/fault system as the orebody of the former Stadacona Gold Mine, which produced approximately 494,000 oz of gold while it was operational.
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