LAC-ÉDOUARD PROPERTY
On September 22, 2006, Vior signed an agreement with Inco Limited (CVRD) on the Lac-Édouard property by which Inco could acquire up to 70% of this property by making total cash payments of $175,000 to Vior and undergoing exploration expenditures totalling $1 million over the next three years. Exploration expenditures of $125,000 are forecast before the end of the third quarter of 2007, Vior being the manager of all exploration programs.

The Lac-Édouard property, located near the town of La Tuque, Province of Québec, is host to a small nickel-copper magmatic-type deposit that was partially mined during 1973 and 1974.  This deposit produced about 400 tonnes of nickel and 200 tonnes of copper from 48,000 tonnes of ore (MRNF: DV-85-08)  The remaining resources (not compliant with National Instrument 43-101) are approximately 34,000 short tonnes grading 1.6 % Ni and 0.5 % Cu (GM 52057).  Mineralization is present in a series of paralleled sulphide lenses that range from 5 to 25 metres in thickness associated with pyroxenites and gabbros.  There was no advanced geophysical work carried out on the property in order to identify new conductors.  The town of Lac-Édouard is located 8 kilometres east of the old mine and an electrical power line borders a paved road to the town, where a CN railroad station and a rail bypass are found.

This property was the focus of a field exploration program managed by Vior, during October 2006. The highlights of this exploration work include the discovery of mineralized mafic to ultramafic intrusions at a fair distance from the known areas. Outcrops consisting of gabbros and pyroxenites with disseminated sulphides (pyrrothite, pentlandite and chalcopyrite) were encountered 4 kilometres to the east-northeast and 3 kilometres west-southwest of the former Lac-Édouard mine. Moreover, four semi-massive angular sulphide blocs were discovered near a breccia horizon, containing mineralized pyroxenite fragments, 500 metres south-southwest of the former mine. Other breccias were also observed 300 metres north of the former producer.

Preliminary results of this field work indicate that the mineralized system is much wider than the previous interpretation suggested. Geophysics work will be carried out as soon as possible on the areas of interest.


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

August 16, 2011
VIOR : SHARES ISSUED TO FONDS DE SOLIDARITE FTQ
SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR INC. (TSX VENTURE (VIO), FRANKFURT (VL5) –announces that, subject to the TSX Venture Exchange approval, Vior will issue 92,140 common shares at deemed price of $0.096875 per share to Fonds de solidarité FTQ Nord du Québec (“FTQ”) representing the interest due (totalling $8,926.03 as of August 12, 2011)...(more)


August 10, 2011
CLOSING OF THE SALE OF THE DOUAY PROPERTY TO AURVISTA
Société d’exploration minière Vior Inc. (“Vior”) is pleased to announce the closing of the sale of the Douay Property to
Aurvista Gold Corporation (“Aurvista”) (see press release of May 26, 2011). Indeed, Aurvista has met all the conditions to acquire Vior’s remaining 50% undivided participating interest in the Douay property by completing its first public offering, issuing to Vior 21,250,000
common shares of its capital share, and by going public...(more)