Vior Provides a Corporate Update and Planned Project Work Programs FOR Fall 2018
VIOR PROVIDES A CORPORATE UPDATE
AND PLANNED PROJECT WORK PROGRAMS FOR FALL 2018
QUEBEC, CANADA, SEPTEMBER 19, 201 8 - SOCIÉTÉ D’EXPLORATION MINIÈRE VIOR
INC. (TSX VENTURE (VIO), FRANKFURT (VL51) (“Vior”) – is pleased to provide a corporate
update on activities and details for the fall 2018 exploration programs on the Foothills, Big Island
Lake and Ligneris projects in Quebec, as well as the Tonya project in Nevada. The highlight and
focus will be on the c omprehensive helicopter-borne geophysical surveys to be carried out on
the three Quebec projects.
Foothills
The Foothills rutile project is situated near the town of Saint -Urbain, a historic iron- titanium
mining camp located about 100 kilometres east of Quebec City. The project which covers 315
km2 is subject to an Option and Joint Venture agreement where Iluka Exploration (Canada) Ltd.
("Iluka"), a wholly-owned subsidiary of Iluka Resources Limited (ASX: ILU) can earn a major
interest in the project. Iluka is one of the largest producers of the high- grade titanium dioxide
products of rutile and synthetic rutile.
During the summer of 2018 Vior and Iluka ("the Partners") conducted a follow -up
reconnaissance program on ground gravity anomalies generated from two surveys totaling 88
line-kilometers situated on both sides of the project. The program was successful at identifying
a new massive ilmenite showing.
The partners have contracted CGG Mult i-Physics to conduct in October, 2018 a Heli Falcon
Airborne Gravity G radiometer survey totaling 1,204 line- kilometers over four areas within the
project. The HeliFalcon Airborne Gravity Gradiometer (AGG) is the only AGG system that can
be cost -effectively flown in a helicopter. This provides for close following over almost any
terrain. The low altitude and slow airspeed of the helicopter gives the HeliFalcon Gravity
Gradient data the highest resolution commercially available and the best detail and sensitivity
for mineral exploration. The survey will be a valuable tool to help detect ilmenite-rutile massive
mineralization given its much higher specific gravity (density) compared to the anorthositic host
rock. The targets generated from this comprehensive survey will lead to a field follow -up and
potentially a new drilling program.
Big Island Lake
The Big Island Lake rutile project covers 37.8 km2 project situated approximately 25 kilometers
north of the municipality of Havre-Saint-Pierre and 19 kilometers southwest of the Rio Tinto’s
Lake Tio mine, in the Nor th Shore region of Quebec. Big Island Lake is subject to an Option
PRESS RELEASE
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and Joint Venture agreement where Iluka can earn a major interest in the project. Big Island
Lake is characterized by the presence of a series of massive rutile- rich ilmenite outcrops that
can be observed over a strike length of more than 280 meters, ranging in thickness from 10 to
26 meters. In 2016, Vior had obtained titanium (TiO2) values from selected samples ranging
from 44.2% to 48.4%, while channel sampling had yielded TiO2 values of 41 .6% over 7.7
meters and 45.2% over 2.2 meters.
During the summer of 2018, the partners completed a 7 -hole exploration drilling program
totaling 1,080 meters on selected rutile- ilmenite targets. Drill samples are currently being
processed in the laboratory and the results should be available in the fall of 2018.
In October, 2018 a comprehensive HeliFalcon Airborne Gravity G radiometer, as well as a
magnetic survey will be carried out over the B ig Island Lake project to detect other high
density bodies that may represent massive ilmenite-rutile mineralisation that will be followed up
in the field.
Ligneris
Vior will be conducting in October, 2018 a comprehensive helicopter-borne deep
electromagnetic VTEM-type survey over its wholly -owned Ligneris project situated
approximately 80 kilometers north of the LaRonde mining complex and 100 kilometres northeast
of the city of Rouyn-Noranda, in the Abitibi region of Quebec. The aim of the survey is to detect
gold and semi -massive sulphide mineralization in the deep extensions (never tested) of the
existing mineralization on the project. The survey will cover nearly 40 km2 for 892 line-kilometers
at a 50-meter line spacing. A ground follow-up is planned soon after the survey.
The project is mostly covered by a series of felsic and intermediate volcanics strongly altered in
sericite, ankerite and carbonates. Mineralization referred as the North, Central and South zones
is characterized by clusters and veinlets of pyrite and sphalerite within halos of alteration
reaching over 100 meters in size.
Historical drilling on Ligneris returned intercepts grading up 6.5 g/t Au over 3.9 m eters, 4.8 g/t
Au over 2.4 meters and 4.1 g/t Au over 1.6 m eters in the Central zone, and 6.1 g/t Au over 4.6
meters, and 18.5 g/t Au over 7.2 meters in the South zone. A core relogging assessment report
by Barrick in 1997 concluded that the extension potential of the mineralized zones is likely to be
at depth on Ligneris.
Tonya (Nevada)
The Tonya gold project covers 501 hectares located in the Pershing County, 65 kilometers north
of the town of Lovelock, Nevada. Vior Gold (USA) LLC, a wholly-owned subsidiary of Vior Inc.,
has signed an agreement with the Gold Range Company LLC for the acquisition of the
exclusive mineral rights on the project.
The project is located at the northern end of the Humboldt Mountain Range which forms the
core of the Rye Patch mineral belt and encompasses a number of gold deposits, mines and
prospects, including the Florida Canyon Mine (2.3 M oz. gold produced), the Coeur Rochester
mine (1.65 M oz. of gold and 148 M oz. of silver produced), the Relief Canyon mine and the
Spring Valley deposit, recently discovered and developed.
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The Tonya project has geological similarities to the nearby gold mines, as it is also covered by
the limestones of the Natchez Pass Formation and the argillites of the Grass Valley Formation,
which host the mineralization in those deposits. The pathfinder elements in the property's
historic soils reveal the presence of clusters of anomalies in gold, antimony and arsenic.
Interpretation of previous work indicates that the Tonya Project covers the upper levels of an
epithermal gold system similar to other gold deposits in the belt. Some historical results of rotary
drilling suggest a potential for higher gold values at depth.
Vior is currently completing a mapping and sampling survey in preparation for a soil sampling
program over selected areas that will be undertaken in Fall 2018. The soil sampling program
aims at better delineating the gold target areas for an upcoming drilling program.
Corporate
Vior’s management team is fully aware of the difficult and challenging environment that exists in
the junior mining space at the moment. However, Vior with its healthy treasury is well positioned
to weather the storm and more importantly is looking to take advantage of some great pr oject
acquisition opportunities and values that currently exist in the market.
Our corporate objective is to acquire either individually or in concert with a partner a high impact
project in a top mining jurisdiction. We believe that the timing is now to create tremendous
shareholder value for the future. Our goal is to complete such an acquisition before early 2019.
About Vior
Vior is a junior mining exploration company based in Quebec whose corporate strategy is to
generate, explore, and develop high quality projects in proven and favourable mining
jurisdictions in North America. Through the years, Vior’s management and technical team have
demonstrated their ability to discover several gold deposits and many high quality mineral
prospects.
The technical content disclosed in this press release was reviewed and approved by Mr. Marc
L'Heureux, P.Geo., who is the Company's Qualified Person as per NI 43-101.
For further information, please contact:
Mark Fedosiewich Marc L’Heureux
President and CEO Vice-president, Exploration
Tel.: 613-898-5052 Tel.: 450-646-1790
[email protected] [email protected]
Website: www.vior.ca
SEDAR: Société d’exploration minière Vior inc.
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in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.