Vior Inc.

Vior Inc.

November 07, 2007 13:13 ET

Vior Releases Inferred Resource Estimate of 1.8 Million Ounces of Gold for Douay

QUEBEC CITY, QUEBEC--(Marketwire - Nov. 7, 2007) - Vior Inc. ("Vior")(TSX VENTURE:VIO)(FRANKFURT:VL5) is pleased to announce a new National Instrument 43-101 compliant resource estimate from its 100% owned Douay project, located 60 kilometres south of Matagami, Quebec. Geostat Systems International Inc ("Geostat") recently completed its report for the Douay and Douay West properties which reveal a gold inferred resource of 1,885,000 million ounces of gold based on a cut-off grade of 0.7 g/t Au. This is more than a twofold increase from the previous estimate of 837,000 ounces from a 43-101 compliant report released in 2005.

Geostat estimated an inferred resource of 1,885,000 ounces of gold at 1.3 g/t Au and measured plus indicated resources of 268,000 ounces of gold at 2.88 g/t Au. Based on a cut-off grade of 3.0 g/t Au, measured plus indicated resources total 971,000 tonnes at 5.61 g/t Au or 175,000 ounces of gold. Of this total, 232,000 tonnes at 6.06 g/t Au or 45,000 ounces of gold and 627,000 tonnes at 5.57 g/t Au, or 112,000 ounces of gold are contained in the Douay West gold deposit. The recent estimates were calculated from the following mineralized zones: Douay West, 531, Main, Central (including 5-4 North and South Zones), 10, 20 and Adam-92-7 (see description and location map of mineralized zones as reported in Geostat's 43-101 report dated September 2005). Results in Table 1 summarize the estimates using two different cut-off grades.

The complete NI 43-101-compliant report will be filed on SEDAR as soon as it is made available to the Company by Geostat. Claude Duplessis and Maxime Dupere of Geostat are independent qualified persons in accordance with NI 43-101 and are responsible for the information presented in this news release. Geostat is an international mining and exploration consulting firm which has contributed to numerous resource calculations, technical reviews and audits worldwide.

Patrick Bradley, President of Vior commented: "These results clearly indicate the exceptional potential of this project and demonstrate that the mineralized system at Douay is substantially larger than we had anticipated".

The Douay project is fully equipped with a surface infrastructure (access road, power line, shaft, hoist and office buildings) that was built in 1997 at a cost of CA$5 million and kept on a care and maintenance basis since.

Total Resources from Douay Project - Geostat, November, 2007

Classification (cut-off grade
of 0.7 g/t Au) Tonnage g/t Au Ounces Au
MEASURED 550,000 3.55 63,000
INDICATED 2,350,000 2.72 205,000
TOTAL RES. (MEAS + IND) 2,900,000 2.88 268,000
INFERRED 44,880,000 1.31 1,885,000


Classification (cut-off grade
of 3.0 g/t Au) Tonnage g/t Au Ounces Au
MEASURED 236,000 6.08 46,000
INDICATED 735,000 5.46 129,000
TOTAL RES. (MEAS + IND) 971 000 5.61 175,000
INFERRED 1,594,000 3.94 202,000

Additional Notes on the Calculation of the Resource Estimates.

1. Geostat reviewed all the technical data available from the Douay project and Vior's control and analytical quality assurance protocol. Geostat also conducted an on-site independent analytical control on 30 core samples from May 8 to May 18, 2007. These samples were sent to a different laboratory to double-check the values provided by Vior.

2. The database comprises 144,293 metres of drill core and 67,282 gold assays, from historical drilling as well as 19,351 metres of core drilled by Vior since 2005.

3. The geological mineralized envelope for each mineralized zone was interpreted by Denis Chenard, Eng., and a 3D bloc model was derived from these mineralized envelopes. The gold mineralized system at Douay is included within a box set of 5800 metres in length (east to west), 1600 metres in width (north to south), to a maximum vertical depth of 550 metres. Approximately 77% of the resources, cut at 3.0 g/t Au, occur above the 300-metre level.

4. Estimates are based on parent cell dimension of 10 metres east, 10 metres north and 10 metres in height for the Adam-92-7, 10, 20 and Central zones. Parent cell dimension of 5 metres east, 2.5 metres north and 5 metres height were used for Douay West and parent cell dimension of 5 metres east, 2 metres north and 5 metres in height were used for the 531 and Main zones.

5. Calculations are based on 1.5 (Douay West), 2 (Main & 531), 2.5 (10, 20, Adam-92-7) and 5 (Central) metre composites cut to a maximum of 20 g/t Au.

6. Tonnage estimates are based on densities of 2.85 tonnes per cubic metre for every mineralized zone.

The content of this press release was prepared by Denis Chenard, Eng. and Qualified Person for the Company as defined by National Instrument 43-101.


Vior Inc. is a growing mining company focused on acquiring and developing high quality, low risk gold and base metal resource prospects in accessible mining areas of Quebec. The Company wholly owns the Douay West gold project which is at a pre-feasibility stage and other gold and base metal exploration interests in prime locations. The Company is aggressively pursuing opportunities to develop working interests in mineral properties that offer significant upside exploration potential. CVRD Inco Limited is the largest shareholder of Vior with a 12% interest.

The TSX Venture Exchange (TSX Venture) does not accept responsibility for the adequacy or accuracy of this Press Release.

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