September 20,
2007
Qu?bec,
QC. Virginia Mines Inc. ("Virginia"), Canadian Royalties Inc. ("Canadian
Royalties") and Azimut Exploration Inc. ("Azimut") are
pleased to announce
their participation in the Fonds
Explor-Action Nunavik (FRAN), which was created to rehabilitate mineral
exploration sites in Northern Quebec that have been abandoned for several
decades.
The FRAN is a partnership between
the Quebec Government, the mining industry and the Inuit community. The fund will allow, starting this year,
the cleanup and rehabilitation of abandoned sites. According to previous studies, nearly
600 sites have been identified, of which 18 are considered a priority. Work has already started on several of
the 18 priority sites.
Virginia, Canadian Royalties and
Azimut are proud to have participated in the creation of FRAN and to make a
financial contribution toward rehabilitating abandoned sites.
Following the creation of FRAN in
March 2007, more than 30 companies from the mining sector confirmed their
financial participation for a total of more
than $1.5 million. Virginia,
Canadian Royalties and Azimut have respectively contributed $100,000, $100,000
and $50,000. In addition,
Canadian Royalties will continue cleanup work of sites abandoned by previous
explorers at their Nunavik nickel project.
Virginia, Canadian
Royalties and Azimut consider mining exploration and exploitation to be economic
activities that should be conducted in a socially and environmentally
responsible manner.
For more
information, please contact:
Andr?
Gaumond, President,
Virginia Mines Inc, mines@virginia.qc.ca,
Tel. 418-694-9832 / Toll Free: 800 476-1853
Glenn J.
Mullan, Chairman of the
board, Canadian Royalties Inc., www.canadianroyalties.com,
Tel. 514-879-1688 /
Toll Free: 877-879-1688
Normand
Champigny, Executive
vice-president, Azimut Exploration Inc.,
info@azimut-exploration.com, Tel.
450-646-3015
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Virginia Mines Inc.
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DEVELOPMENT STAGE |
CODE : VGQ.TO |
ISIN : CA9278641084 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Virginia Mines is a gold development stage company based in Canada. Virginia Mines holds various exploration projects in Canada. Its main asset in development is ELEONORE in Canada and its main exploration properties are COULON JV, LA GRANDE NORD, ASHUANIPI, ASSINICA, BAY PAINE, DUQUET, LAC FAGNANT, LAC GAYOT PROJECT, LAC PAU, LA GRANDE SUD, NOËLLA, TRIESTE, WABAMISK - ANATACAU, AUCLAIR, CHUTE-DES-PASSES, CORVET EST, FCI, DIEPPE, OPINACA, POSTE LEMOYNE, LAC H, LG-4 and CARAT in Canada. Virginia Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 541.4 millions as of today (US$ 429.7 millions, € 376.4 millions). Its stock quote reached its lowest recent point on January 25, 2013 at CA$ 10.00, and its highest recent level on February 18, 2015 at CA$ 14.99. Virginia Mines has 36 120 000 shares outstanding. |