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Market: TSX
Sector: Gold Mining
EPIC: VGQ
Latest Price: 9.60  (5.38% Ascending)
52-week High: 9.70
52-week Low: 7.35
Market Cap: 299.90M
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Virginia Mines
www.virginia.qc.ca

Long regarded as a leader in the Province of Quebec and one of the largest landowners in northern Quebec, Virginia works relentlessly on many projects in various stages of growth in order to develop mineral resources.

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Virginia Mines starts 2009 exploration work across Quebec projects

10th Jun 2009, 3:02 pm
Virginia Mines starts 2009 exploration work across Quebec projects

Gold-focused Virginia Mines Inc (TSX: VGQ) said it is about to begin 2009 exploration work on several of its numerous projects in Quebec, either alone or with its partners, and will contribute about C$3.8 million of the total C8.5 million budget.

The Poste Lemoyne Extension, Anatacau-Wabamisk, La Grande Sud and Noella-Nichicun projects will be the object of work programs totalling about C$4 million. Diamond drilling is scheduled this fall on the Poste Lemoyne, Anatacau-Wabamisk and La Grande Sud projects.

Additional drilling programs on other projects will depend on results of this summer's work programs.

Virginia and its partners will also spend about C$2.5 million on several other projects including Corvet Est (Goldcorp Inc.), Gayot and Trieste (Breakwater Resources Ltd.), FCI and Auclair (Odyssey Resources Ltd.), Assinica (MacDonald Mines Exploration), Generation Grenville (SOQUEM) and 24L Belts (Nunavik Mineral and Exploration Fund). At this stage, diamond drilling is also planned on the Auclair and Generation Grenville projects.

A budget of over C$1 million, will also be spent alone by Virginia to prospect and test new targets spread over the James Bay territory.

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