Vior Commences Fully Funded +60,000 M Drill Program at Its Belleterre GOLD Project
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VIOR COMMENCES FULLY FUNDED +60,000 m DRILL PROGRAM
AT ITS BELLETERRE GOLD PROJECT
Montreal, Canada – September 24, 2024 – VIOR INC. ( “Vior” or the “ Corporation”) (TSXV: VIO,
OTCQB: VIORF, FRA: VL51) is excited to announce the commencement of its fully -funded +60,000
metre (“m”) drill program at its district -scale Belleterre Gold Project (“Belleterre” or the “Project”),
located in the underexplored and historic gold-producing Belleterre Greenstone Belt, in the Abitibi-
Témiscamingue region of Quebec (Figure 1).
Vior has launched its fully permitted Belleterre Drill Program with two drill rigs that will operate
through to mid-2025, making this the largest drill program at Belleterre since the closure of the high-
grade Belleterre gold mine in 1959. The Vior team is confident that it has identified many of the
highest priority drill target locations for its program, based on several years of extensive fieldwork,
data compilation, and geological modelling. The Project benefits from very favourable geography
and exceptional road infrastructure throughout the property, providing year -round drill access and
outstanding drilling costs.
Mark Fedosiewich, President and CEO of Vior Inc., commented, “With the capital raised from our
recent oversubscribed financing and the support from our strategic shareholder, Osisko Mining Inc.,
Vior has begun this pivotal phase of drilling with our carefully selected drill targets that we believe
will unlock the significant growth potential of Belleterre. This program marks a substantial milestone
for Vior, with the belief that Belleterre could be the next major gold discovery in Quebec, thereby
benefiting all stakeho lders, including the communities of Belleterre and Long Poi nt First Nation
(“LPFN”). LPFN has confirmed their support for Vior’s drill program and exploration work and
recognizes the importance of this project and the potential benefits that it may bring to its
community.”
Figure 1: Belleterre Gold Project Location
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Belleterre Drill Program
The drill target locations are divided into two main areas: (a) the Belleterre Mine Trend Area, where
targets are focused around the historic Belleterre mine s ite; and (b) the Regional Area that
encompasses the remaining brownfield region within the Belleterre Gold Project. The drill program
is designed to extend the known mineralized zones and showings, along strike and at depth. As the
program unfolds, additional drill rigs will be added as requ ired. Figure 2 depicts the p roposed drill
target collar locations.
Belleterre Mine Trend Area Drill Targets
The systematic drill plan at the Belleterre Mine Trend totals 46,000 m and will aim to extend the area
of gold mineralization within the 6-kilometre (“km”) long trend that includes the historic, high-grade
Belleterre gold mine. Past gold production from this site exceeded 750,000 ounces (“oz”) at an
average grade of 10.7 grams per tonne (“g/t”), and was largely extracted from within 250 m of the
surface. Key targets include the north -dipping gold -bearing systems, and the high -grade shoots
within the Belleterre mine structure, extending at depth and along strike.
Drilling within the Belleterre Mine Trend will also focus on additional downhole targets that include
gold mineralization in stacked south -dipping shear structures and within the lower -grade halos
associated with sheared and altered felsic intrusives. See the Belleterre Mine Trend Drill Plan in
Figure 3.
The following highlight s several surface assay results from Belleterre Mine Trend for gold (Au) and
silver (Ag), as collected in 2021-2022:
• Aubelle Vein System
o 50.1 g/t Au
• Belleterre 19 Vein
o 21.7 g/t Au with 87.4 g/t Ag
• Conway and Paquin Veins
o 274.9 g/t Au
o 59.8 g/t Au with 44.9 g/t Ag
Regional Area Drill Targets
The Regional Area Drill Targets include approximately 14,000 m of drilling within the remaining
brownfield belt of the Belleterre Gold Project. Drilling will focus on multiple mineralization styles and
varied commodities across the key areas of Guillet Min e Vein, Lac Paradis, Rivard -Savard, Lac aux
Sables East, QFP-A, Hoskin Vein, and the Central Deformation Corridor.
• Guillet Mine Vein, located at the western end of Lac aux Sables, with anomalous surface gold
results, including 26g/t Au and 36.8 g/t Au.
• Lac Paradis showings, located within a large +200 m mylonitic shear system at th e western
boundary of the Belleterre Greenstone Belt. Surface assay results obtained during the 2022
field season:
o 20.3 g/t Au with 100 g/t Ag
o 18.4 g/t Au with 394 g/t Ag
o 9.3 g/t Au with 55 g/t Ag
• The Rivard-Savard target has demonstrated significant polymetallic potential, with historical
data indicating zinc and copper and gold mineralization associated with quartz veins and
graphitic shale, and a massive Andesitic tuf f demonstrating a VMS ( Volcanogenic Massive
Sulphide) style of alteration.
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• Lac aux Sables East and Ultramafic Horizon are geological structures with high mineral
potential, focusing on nickel, chromium, and base metal mineralization in ultramafic rocks,
with surface samples already revealing significant values ( +2000 parts per million (“ ppm”)
combined). Geophysical data indicates strong EM conductors and magnetic anomalies in
fold hinges and noses, offering promising opportunities for discovering new mineralized
zones beneath glacial overburden.
These areas demonstrate significant surface mineralization and have been identified as prospective
targets through the use of geophysical surveys, structural analyses, and geochemical evaluations,
and have received minimal or no previous drilling.
Figure 2: Proposed Drill Target Collar Locations for +60,000 m Drill Program
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Figure 3: Belleterre Mine Trend Drill Plan, simplified 3D model and drill targets, Southeast view
About the Belleterre Gold Project
The Project is located near the town of Belleterre in the Abitibi-Témiscamingue region of Quebec, 95
km south of Rouyn-Noranda and Val d’Or, Quebec. The property consists of 635 claims over an area
of 348 km2, forming a district-scale exploration package. The Project includes the former high-grade
Belleterre gold mine that produced over 750,000 oz gold (Au) at 10.73 grams per tonne (g/t) and
95,000 oz silver (Ag) at 1.73 g/t between 1936 and 1959 (Source: Sigeom MERN). The property has
been under-explored in the past 60 years and has never been the subject of significant consolidation
until now. The Belleterre Gold Project benefits from its advantageous location within the Abitibi -
Temiscamingue region, providing competitive exploration costs and exceptional ac cess to key
resources. Within close proximity to two major mining towns in Quebec, it has access to a
comprehensive and robust mining infrastructure that includes an extensive road network, easy
access to power, and a readily available and skilled workfo rce. The past gold production at the
Belleterre gold mine, and the highly prospective future gold targets generated by Vior, are a
testament to the exploration potential of this area.
Marketing Service Agreement
Vior has entered into an agreement with Triomphe Holdings Ltd. (dba Capital Analytica) ("Capital
Analytica") for investor relations and communication services (the "Consulting Agreement"). The
Consulting Agreement has an initial term of three months commencing September 25, 2024, subject
to TSX Venture Exchange (“TSXV”) approval, under which the Corporation will pay Capital Analytica
a fee of $60,000 for a period of three (3) months, with the option to renew on a month-to-month basis
at a rate of $20,000 per month following the initial three-month term.
Pursuant to the terms of the Consulting Agreement, Capital Analytica will provide ongoing capital
markets consultation, ongoing social media consultation regarding engagement and enhancement,
social sentiment reporting, social engagement reporting, discuss ion forum monitoring and
reporting, corporate video dissemination, and other related investor relations services.
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Capital Analytica is based in Nanaimo, BC and is owned and operated by Jeff French who is arm's
length to the Corporation. Capital Analytica and Jeff French do not hold any securities of the
Corporation, directly or indirectly, and have no intention to do so as of the date of this Press Release.
Management Change
The Corporation announces the resignation of Mr. Laurent Eustache, Executive Vice President,
effective September 1, 2024. Mr. Eustache will continue to provide advisory services on a consulting
basis over the coming months, to aid in facilitating a smooth transition with Vior’s operations.
Vior’s President and CEO, Mark Fedosiewich, expressed , “On behalf of the Vior Board of Directors,
Management, and the technical team, I would like to express our deep appreciation for the
opportunity to have worked closely with Laurent, and wish to acknowledge his dedication to Vior over
the past four years. His contributions cannot be understated, having been instrumenta l in the
identification of the Belleterre Gold Project, including its successful consolidation and
advancement. We wish Laurent all the best in his future endeavours.”
Qualified Person
The technical content disclosed in this press release was reviewed and approved by Christian
Blanchet, Operations Manager at Vior, Qualified Person as per NI 43-101.
About Vior Inc.
Vior is a junior mineral exploration corporation based in the province of Quebec, Canada, whose
corporate strategy is to generate, explore, and develop high -quality mineral projects in the proven
and favourable mining jurisdiction of Quebec. Through the years, Vior’s management and technical
teams have demonstrated their ability to discover several gold deposits and many high -quality
mineral prospects.
Vior is rapidly advancing its flagship Belleterre Gold Project with the strategic support of Osisko
Mining Inc. The Belleterre Gold Project is an exciting district -scale property that includes Quebec’s
past-producing high -grade Belleterre gold mine. Vior h as conducted extensive surface and
compilation exploration at the Belleterre property and is undertaking a +60,000 metre drill program.
Vior is also actively developing its promising Skyfall Project in partnership with SOQUEM Inc., and
several other properties with multi-mineral potential.
For further information, please contact:
Mark Fedosiewich
President and CEO
613-898-5052
www.vior.ca
SEDAR+: Vior Inc.
Neither the 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 this release.
Forward-Looking Statements
This news release contains forward -looking statements. All statements, other than of historical facts, that address
activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future
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including, without limitation, the planned exploration program on the Belleterre project, the expected positive exploration
results, the timing of the exploration results, the ability of the Corporation to continue with the exploration program, the
availability of the required funds to continue with the exploration program, and the approval from the Ministère de
l’énergie et des ressources naturelle (“MERN”) for the request for abandonment of the two mining concessions originally
filed by 9293-0122 Québec Inc. (the previous owner of the two concessions). Forward-looking statements are generally
identifiable by use of the words "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "to
earn", "to have', "plan" or "project" or the negative of these words or other variations on these words or comparable
terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond
the Corporation's ability to control or predict, that may cause the actual results of the Corporation to differ materially
from those discussed in the forward -looking statements. Factors th at could cause actual results or events to differ
materially from current expectations include, among other things, failure to meet expected, estimated or planned
exploration expenditures, the possibility that future exploration results will not be consist ent with the Corporation's
expectations, general business and economic conditions, changes in world gold markets, sufficient labour and
equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes
and claims, environmental risks, the refusal by the MERN to approve the request for abandonment of the two mining
concessions held by the Corporation, as well as those risks identified in the Corporation's Management's Discussion
and Analysis for the fiscal year ended June 30, 2023 . Should one or more of these risks or uncertainties materialize,
or should assumptions underlying the forward -looking statements prove incorrect, actual results may vary materially
from those described and accordingly, readers should not place undue relia nce on forward -looking statements.
Although the Corporation has attempted to identify important risks, uncertainties and factors that could cause actual
results to differ materially, there may be others that cause re sults not to be as anticipated, estimated or intended. The
Corporation does not intend, and does not assume any obligation, to update these forward -looking statements except
as otherwise required by applicable law.