Expanding Gold Resources in Timmins

Developing Four Gold Projects

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Lexam VG Gold Inc. Profile

Lexam VG Gold Inc.Toronto, On; TSX: LEX. Frankfurt FWB: VN3A; OTCQX: LEXVF, is focused on developing its four gold projects situated in the heart of the world class Timmins Gold Camp in Canada.

Lexam VG Gold has an exploration and operations management office in Timmins, one of the world's prolific gold camps.

Lexam VG Gold Inc. is performing permitting, mine planning and exploration work that leads toward production.

Cash $12.4 million Oct 7 2011

The Company plans ongoing drilling programs for the purpose of expanding gold mineralization on its properties.

Lexam VG Gold has option to earn 60% of Paymaster by spending $6 M before June 2012. Goldcorp has back-in-right to 70% by spending $9 M + feasibility within 3 years.

Rob McEwen owns 27%

Exploration and Development

  • Lexam’s Timmins Properties are Underexplored and Neighbour Large Gold Deposits Property Gold Mineralization Provides Significant Exploration Potential Below and Adjacent to Existing Resources
  • Explore for High Value Gold Zones while Drilling and Expanding Gold Deposits

Established Gold Projects

Davidson Tisdale

  • Ramp developed deposit on the trend with Goldcorp owned Hollinger and McIntyre Mines.

Fuller Deposit

  • Ramp developed deposit with gold zones that cross onto the paymaster property where the structure has produced 1 million ounces.

Buffalo Ankerite

  • Mine produced 1 million gold ounces adjacent to Goldcorp’s 3.5 million ounce Aunor Delnite Mine 4,000 foot deep BA #5 production shaft.

Paymaster West

  • Porphyry gold deposit is located adjacent to Goldcorp’s Dome Mine Significant production in Timmins has come from the porphyry gold mineralization.

2011 Drill Program

  • Several drills operating continuously over the 12 months
  • Largest drill program on Lexam VG Gold’s properties - $10 million budget for 2011

The company has an attractive valuation compared to its other Timmins peers and has good trading liquidity.

Last changed at 07-Nov-2011 11:21AM by Highgrader