Val-d’Or Mining Corporation Changes Stock Trading Symbol & Provides Exploration Update
VAL-D’OR, Québec, Nov. 08, 2018 -- Val-d’Or Mining Corporation (TSX-V:MZZ) (the “Company”) announces that effective on or about Friday, November 9, 2018, the Company’s common shares will commence trading on the TSX Venture Exchange under a new stock trading symbol ‘VZZ’.
Oregon Prospect – Abitibi Greenstone Belt – Northwestern, Québec (Val-d’Or Region)
An initial Phase I exploration program on the property is underway. The program consists of grid establishment (line-cutting) and geophysical (ground magnetic and induced polarization – 3D IP) surveying. Funding for this work was provided by Fonds de solidarité FTQ and SIDEX through their “FIELD-ACTION 2018” initiative, designed to encourage junior mining companies to perform their fieldwork in Québec while at the same time supporting their working capital. A follow-up mapping, prospecting and sampling program is planned.
The Oregon Prospect covers an elongated granodiorite intrusion that dips to the northeast and lies along a northwest southeast axis. The granodiorite part of the property hosts the historic Oregon Showing (Corps Minéralisé 32/C05-0011. MRNF SIGEOM). This mineral occurrence occurs within a fracture zone that hosts a series of parallel quartz stringers mineralized with pyrite. It has been traced out by previous historic exploration programs over a strike length of one hundred and twenty metres.
The primary metallogenic target at the Oregon Prospect is an intrusive-hosted, bulk tonnage gold deposit.
Ducros Sill Prospect – Abitibi Greenstone Belt – Northwestern, Québec (Lebel-sur-Quévillon Region)
A ground-based PULSE-EM (TDEM) survey was conducted over two separate detailed grids centered on a series of input anomalies (airborne electromagnetic anomalies), with the objective of defining drill targets. A ground follow-up prospecting, mapping and sampling program is planned.
The Ducros prospect covers an elongated, north-south trending ultramafic (dunite/pyroxenite) sill complex prospective for magmatic Ni-Cu-PGE mineralization.
About Val-d’Or Mining Corporation
Val-d’Or Mining Corporation is a junior natural resource issuer involved in the process of exploring, evaluating and promoting its mineral property assets. The Company has an expertise in the generation of new projects and in the early stages of exploration. The mineral interests are broad and range from gold, copper-zinc-silver, nickel-copper-PGE to energy minerals.
The Company’s regional focus is within the Abitibi Greenstone Belt of NE Ontario and NW Québec, where it holds early-stage property interests. To complement its own 100%-owned property interests, the Company entered into an option agreement to acquire a 100% interest in an additional 61 grassroots properties which are all located within this mining district.
Outside of its principal regional focus, the Company holds several other properties in Northern Québec covering different geological environments.
For additional information, please contact:
Glenn J. Mullan
2864 chemin Sullivan
Val-d’Or, Québec J9P 0B9
Tel.: 819-824-2808, x 204
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.
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