Visible GOLD Mines Provides Corporate Update and Outlines 2025 Exploration Plans
VISIBLE GOLD MINES PROVIDES
CORPORATE UPDATE AND OUTLINES 2025
EXPLORATION PLANS
ROUYN-NORANDA, QC
,
Oct. 8, 2025
/CNW/ - Visible Gold Mines Inc. (TSXV: VGD) and
(
Frankfurt
: 3V4) is pleased to provide a corporate update highlighting recent transactions and
provides an update on the exploration plans for 2025.
CORPORATE UPDATE
Sales of properties
In consideration for the sale of exploration projects to Fokus Mining Corporation, the Company
received an initial cash payment of
$750,000
and 10,000,000 shares of the Company valued at
$1,750,000
. The second cash payment of
$750,000
is expected no later than
December 3, 2025
.
Website refresh
The Company's website
www.visiblegoldmines.com
is temporarily offline to accurately reflect recent
transactions and highlight the Company's gold projects in the
Chapais
/
Chibougamau
area. The new
website will be active before the end of
October 2025
.
Insider transaction
Martin Dallaire
, CEO, recently purchased shares of Visible Gold Mines on the market. He now owns
5,304,500 shares at an average price paid of
$0.124
, representing an investment of
$658,509.70
in
Visible Gold Mines. He purchased 1,800,000 shares directly and 3,504,500 shares indirectly through
his management company 9086-0735 Québec Inc. This represents approximately 14.28% of the
issued and outstanding shares on a non-diluted basis and 18.98% on a partially fully diluted
basis. Visible Gold Mines has 37,155,164 common shares outstanding.
Marketing
Marketing efforts will be initiated immediately to promote the Company's gold projects and its
enviable corporate structure to investors. There is actually a strong interest in the junior gold
exploration sector due to record high gold and geopolitical uncertainty and Visible Gold Mines
definitely wants to be an important player and demonstrate leadership.
EXPLORATION UPDATES
Gold projects
Horsefly property
The Horsefly project is located 19 kilometers west of Iamgold Corporation's Nelligan project in the
Chapais Chibougamau area. The gold showing on the Horsefly project, called the "Barrette Road
Gold Showing," shares several similarities with the Nelligan gold showing, which was initially found
on Iamgold's current Nelligan deposit. A prospecting and sampling program is planned for the project
in the coming weeks, followed by a drilling program. Historically, the Horsefly project has never been
drilled. This project will be our flagship project.
Veronik property
The Veronik gold property is located 75 kilometers southeast of
Hecla's
Casa Berardi gold mine.
The Veronik property is underlain by the mafic volcanic rocks (basalt, andesite) and gabbro of the
Clermont-Disson Formation, in the eastern part of the Archean Abitibi belt. A prospecting program is
planned for fall 2025 on this project.
Lithium projects
MegaLi (JamesBay)
To date, the optionor SPOD Lithium has paid Visible Gold Mines
$175,000
, issued 2,375,000 SPOD
shares and has carried out work on the property (78 mining titles) totaling
$1,141,085
. To complete
its option and acquire 50% of the MegaLi project, SPOD must, before
December 31, 2025
, make a
final payment to Visible Gold Mines of
$150,000
, issue 1,375,000 SPOD shares and spend
$1,000,000
on work on the property. Recently, SPOD management has verbally informed us that it
will not be able to fulfill its obligations given the difficult financing conditions in the lithium sector and
will likely return the project to Visible Gold Mines.
CarLi & NataLi (JamesBay)
The CarLi project was abandoned on
September 21, 2025
due to insufficient exploration work on the
property and the NataLi project will also be abandoned on
December 9, 2025
for the same reasons.
Qualified Person
Jeannot Theberge
, PGeo, senior geologist, and a consultant to Visible Gold Mines, is the qualified
person for Visible Gold Mines' properties under National Instrument 43-101 -
Standards of
Disclosure for Mineral Projects
, responsible for the technical contents of this news release, and has
approved the disclosure of the technical information contained herein.
Forward-Looking Statements
This news release contains statements that may constitute "forward-looking information" within the
meaning of applicable Canadian securities legislation. Forward-looking information may include,
among others, statements regarding the future plans, costs, objectives or performance of the
Corporation, or the assumptions underlying any of the foregoing. In this news release, words such
as "may", "would", "could", "will", "likely", "believe", "expect", "anticipate", "intend", "plan", "estimate"
and similar words and the negative form thereof are used to identify forward-looking statements.
Forward-looking statements should not be read as guarantees of future performance or results, and
will not necessarily be accurate indications of whether, or the times at or by which, such future
performance will be achieved. No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur. Forward-looking information is based on
information available at the time and/or management's good-faith belief with respect to future events
and are subject to known or unknown risks, uncertainties, assumptions and other unpredictable
factors, many of which are beyond the Corporation's control. These risks, uncertainties and
assumptions include, but are not limited to the risks, uncertainties and assumptions described under
"Financial risk management objectives and policies" and "Risk and Uncertainties" in the Corporation's
Annual Report for the fiscal year ended
July 31, 2024
, a copy of which is available on SEDAR+ at
www.sedarplus.ca
, and could cause actual events or results to differ materially from those projected
in any forward-looking statements. The Corporation does not intend, nor does it undertake any
obligation, to update or revise any forward-looking information contained in this news release to
reflect subsequent information, events or circumstances or otherwise, except if required by
applicable laws.
About Visible Gold Mines Inc.
Visible Gold Mines is a corporation focused on gold in the prolific
Abitibi Gold Belt
and the
James
Bay
region in the province of
Quebec
. Visible Gold Mines has 37,155,164 common shares
outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the
release.
Website:
www.visiblegoldmines.com
SOURCE
Visible Gold Mines Inc.
View original content:
http://www.newswire.ca/en/releases/archive/October2025/08/c8082.html
%SEDAR: 00025339E
For further information:
For further information, please contact: Martin Dallaire, President and
Chief Executive Officer, Telephone: 819-762-0107, Fax: 819-762-0097, Cell: 819-763-6663, E-mail:
CO: Visible Gold Mines Inc.
CNW 12:06e 08-OCT-25