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Lexam VG Gold Inc.
Lexam VG Gold Inc. currently focuses on developing its four property assets from the heart of Canada's Timmins Gold Camp, one of the most prolific gold producing regions of the world. The Company has corporate headquarters in the Toronto financial community and exploration and operations management office in Timmins. Lexam VG Gold is listed on the Toronto Stock Exchange (TSX:LEX), the Frankfurt Exchange (FWB:VN3A) and in the United States (OTCQX:LEXVF). The Company's developed properties hold significant additional potential, which allows for the increase of the resource base. Lexam VG Gold undertakes ongoing exploration programs, targeted to expand gold mineralization, to test the growth potential and to determine the economics on its projects.
Lexam VG Gold has four gold deposits located in Timmins - Ontario, next to large gold mines owned by Goldcorp: Buffalo Ankerite (100% interest), Fuller (100% interest), Davidson Tisdale (68.5% interest) and Paymaster (60% interest). Formed on January 1, 2011 by the merger of Lexam Explorations Inc. and VG Gold Corp., it is a Company with 27% ownership by Chairman Rob McEwen.
Headquartered in Toronto, with exploration offices in Timmins, Lexam VG Gold trades on the TSX: LEX and on the OTCQX: LEXVF.
Lexam VG Gold has an ongoing exploration program, designed to grow the Company's gold resource base with the objective of identifying economic deposits.
History of the Timmins Gold Camp
The Timmins area is located in northern Ontario, Canada and has produced 70 million ounces of gold, making it one of the most productive gold camps in the world. Home to more than 50 operating mines since 1910, Timmins has cultivated some of Canada’s most lucrative gold deposits. Three mines stand out: Hollinger, Dome (still in production) and McIntyre, all of which have produced in excess of 10 million ounces of gold each.
The Hollinger Mine has produced more gold than any other single mining operation in Canada. From its start date in 1910, until its closure in 1968, Hollinger produced 19.3 million ounces of gold. What shortly became referred to as the “Golden Staircase”, the Dome mine is still in production and continues to produce gold bullion. From its start in 1910, the Dome is North America’s longest continually operating mine and has produced in excess of 17 million ounces of gold. Neighboring to the East of Hollinger, the McIntyre mine was discovered in 1912. Along its 76 years of operation, the McIntyre mine produced 10.7 million ounces of gold.
The allure of Timmins can be found in the phrase “Locate the next mine in the shadow of a head frame”. Each of Lexam VG Gold’s properties are adjacent to either a previous mining operation or an existing one. This strategy allows a company to focus and explore known structures with high potential to host economic gold mineralization. With exceptional property assets and diligent exploration programs, Lexam VG Gold's management feels that the company has an excellent opportunity to make the next significant gold discovery in Timmins.
Contact us
Bay Wellington Tower
181 Bay Street
Suite 4750, P.O. Box 792
Toronto, Ontario
Canada M5J 2T3
Tel: 647-258-0395
Toll Free: 866-441-0690
Fax: 647-258-0408
Investor Relations Contact
Mihaela Iancu
Director, Corporate Administration
Tel: 647-258-0395 - Ext 320
Email: info@lexamvggold.com
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