Viridis (ASX:VMM) secure approval for maiden Canadian campaign

Viridis Mining and Minerals have received all approvals to begin its maiden campaign over the Esker Lake property at its South Kitikmeot project in Canada’s Navanut Territory.

VMM.AX

VIRIDIS FPO [VMM]

ASX

$1.26

$0.075

5.64%

Drilling is now imminent, directed at confirming and expanding the historic mineralisation host to grades of 3m @11.7g/t Au from 33.4m, 4m @4.8g/t Au from 37m and 3.94m @3.8g/t Au from 77m.

A previous ground magnetic survey at the property identified a north-west extension of the Iron formation known to host gold occurrences at the prospect and Viridis will be simultaneously launching surveys over its other six properties which comprise a project covering 114.48 square kilometres of West Navanut’s Back River-Contwoyto Gold Belt.

The team have mobilised to site to begin camp construction for a program which will consist of up to a dozen holes and 1000 metres of drilling over key areas, directed at correlating historic intercepts with the magnetic survey to provide foundations for future exploration.

Viridis will meanwhile consider a further exploration program at its Smoky Project in New South Wales, where rapid formal assays are set to come in from an exploration licence which potentially covers more than three kilometres of strike of a known and unique kaolin‐halloysite bearing sequence.

VIRIDIS FPO [VMM]

Sector: Basic Materials

Industry: Coking Coal

Employees:

Viridis Mining and Minerals Limited engages in the acquisition, development, exploration, and evaluation of mineral properties in Canada and Australia. The company explores for gold, copper, and halloysite deposits. It holds interest in the South Kitikmeot Gold project comprising four properties, including Gold Bug, Esker, Bling, and Uist, that covers an area of 7,148 hectares located within the Back River-Contwoyto Gold Belt of Western Nunavut, Canada; and the Boddington West project, which includes one exploration license application that covers 26 square kilometers situated within the Archaean Saddleback Greenstone belt in Western Australia. In addition, the company has an interest in the Bindoon project consisting of one exploration license and two exploration license applications, including 35 blocks covering an area of 105 square kilometers situated in West Yilgarn Province in Western Australia; the Poochera project, which includes one exploration license application that covers an area of 329 square kilometers located in the Eastern Eucla Basin in South Australia; and the Smoky project comprises one exploration license that covers two blocks of 6 square kilometers situated in the upper Hunter Valley region of New South Wales. Viridis Mining and Minerals Limited was incorporated in 2006 and is headquartered in Perth, Australia.

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