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Virginia Mines Inc.: Signing of a Strategic Alliance With Wemindji Exploration |
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Wednesday, 01 September 2010 14:53 |
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Virginia Mines Inc. (TSX:VGQ) ("Virginia") announced the signing of a strategic alliance with Wemindji Exploration Inc. ("Wemex").
Both companies will jointly carry out geological reconnaissance, sampling, and exploration work on a territory covering a surface area of more than 5,000 square kilometres, in the Middle North of Quebec. Through this agreement called the "Wemindji Strategic Alliance", Virginia and Wemex will look for various types of mineralization associated to different geological contexts. Work will be done on a 50-50 basis with Virginia being the operator. The first phase of reconnaissance work should start very soon and will benefit from a total budget of $100,000. Virginia is proud to join with Wemex, a mining exploration company controlled by Cree Interest from the Wemindji community, to develop this unexplored region of Quebec. This agreement is subject to the approval of the regulatory authorities. |
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Last Updated on Wednesday, 01 September 2010 14:56 |