Vior Inc.

Vior Inc.

June 14, 2007 09:56 ET

Vior and CVRD Inco Commence VTEM Airborne Geophysical Survey on Lac-Edouard Ni-Cu Property

QUEBEC CITY, QUEBEC--(Marketwire - June 14, 2007) - Vior Inc. ("Vior")(TSX VENTURE:VIO)(FRANKFURT:VL5) is pleased to announce that a helicopter borne VTEM geophysical survey has started on its Lac-Edouard nickel-copper property located 40 kilometres north-east of La Tuque, Quebec. This is the first time that modern airborne EM technology will be used to locate conductors in the vicinity of the former Lac-Edouard nickel-copper producer.

The VTEM (Versatile Time-Domain Electromagnetic) survey is the leading airborne geophysical system in use today and is particularly suited to the identification of nickel-copper massive sulphide deposits to depths of 150 metres or more. The survey will cover the entire property i.e. approximately 55 km2 or 450 line kilometres and is expected to be complete within several days, weather permitting.

Lac-Edouard Property

The Lac-Edouard property covers 79 mining titles totalling 4125 hectares and hosts a magmatic type nickel-copper deposit that was partially mined from 1973 to 1974. The mine produced approximately 400 tons of nickel and 200 tons of copper from 48,000 tons of ore (Quebec-MNRW: DV-85-08). Mineralization occurs in the form of parallel sulphides lenses 5 to 25 metres in thickness associated with pyroxenites and gabbros. Results from a drilling campaign performed in the early 70s included an intersection grading 2% Ni and 0.5% Cu over 25.6 metres.

Exploration work carried on the property in October 2006 resulted in the discovery of mineralized mafic to ultramafic intrusions at a fair distance from known areas. Outcrops consisting of gabbros and pyroxenites with disseminated sulphides (pentlandite and chalcopyrite) were encountered four kilometres to the east-northeast and three kilometres west-southwest of the former Lac-Edouard mine. Moreover, four semi-massive angular sulphide blocs were discovered near a breccia horizon, containing mineralized pyroxenite fragments, 500 metres south-southwest of the former mine. Other breccias were also observed 300 metres north of the former producer. Preliminary results of this field work indicate that the mineralized system is much wider than the previous interpretation suggested.

Under the terms of an agreement dated September 2006, CVRD Inco has the option to acquire a 70% interest in the Lac-Edouard property by carrying exploration expenditures of $1 million and by making total cash payments to Vior of $175,000 over a period of three years. Exploration expenditures of $125,000 are forecast before the first anniversary of the agreement. Vior is the project manager during the initial exploration phase.

Although Vior is mainly focused on the exploration and the development of its Douay gold projects, the Lac-Edouard property reveals a strong potential for a magmatic nickel-copper discovery and therefore fits perfectly within its corporate strategy.


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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