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HISTORY  The Company was formed in 1984 to explorer gold properties located in the northern part of the Abitibi volcanic belt. In 1986, Vior joined forces with Inco Limited to explore the Douay property on which Inco had recently discovered the Main Zone. The Douay West Zone was discovered later in 1990. After having acquired full interest in the Douay property in 1992, Vior then discovered the 531 Zone. This property is also host to three porphyry zones which represent excellent exploration targets. In 1996, the Douay project was optioned to Aurizon Mines Ltd. To earn a 50% interest in the Douay project, Aurizon had to bring the Douay West project into production. After expenditures of more than 5 million $, including the construction of most of the surface infrastructure, Aurizon relinquished its option in 2000. Since 2004, the Douay property was subjected to several exploration programs that resulted in a substantial increase of the gold resource coupled with a better definition of the mineralization at the Douay West project. According to the latest NI 43-101 compliant resource calculation delivered in November 2007 by Geostat International Inc., the Douay property contains 260, 000 ounces in the measured and indicated categories and 1, 85 million ounces in the inferred category. The infrastructures on the Douay property were maintained in mint condition and are ready to be used. |
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| August
26, 2010 |
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| July
27, 2010 |
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