Visible Gold Mines' Optionee TomaGold Reports Significant Gold Intersections on Hazeur Property

Visible Gold Mines (TSXV:VGD) has announced information on recent drilling by TomaGold on property by TomaGold from a previous Visible Gold Mines announcement from November 5, 2015.
As quoted in the press release:

The program consisted of a total of seven holes. The drill targets were for the most part significant geophysical anomalies, often supported by nearby historical drill results.
The best results were obtained in Holes HA-16-03 to HA-16-08, which were essentially drilled to test the mineralized structure of the Philibert deposit (historic resource of 1.4 million tonnes at 5.3 g/t Au(i); Soquem 1990). This deposit lies about 1 km southeast of the eastern edge of the property, and the structure hosting it crosses the entire Hazeur property from east to west.
Two specks of visible gold were observed in Hole HA-16-05, but were not included in the subsample sent for assaying. Based on the observation of the dips in the core, the TomaGold estimates the true width of the mineralized zone at about 90% of the width intersected by drilling.
TomaGold has an option to acquire a 70% interest in the property from Visible Gold Mines. Under the agreement with TomaGold must: (i) pay $5,000 to Visible Gold Mines on the signature date of the option and exploration agreement; (ii) issue 1.55 million common shares to Visible Gold Mines over a three-year period; and (iii) incur $225,000 in exploration work on the Hazeur property over a three-year period.

Click here to read the full press release.