The Société d’exploration minière Vior Inc. (Vior), has recently announced that it has entered into an option and joint venture agreement with Iluka Exploration (Canada) Ltd. (Iluka), a wholly-owned subsidiary of Iluka Resources Limited. The largest producer of the high-grade titanium dioxide products of rutile and synthetic rutile, Iluka has been granted an option to earn an undivided interest in the 481 mining claims comprising the Foothills Rutile Property. Wholly-owned by Vior, the property covers 27,891 hectares situated near the village of St-Urbain, a historic iron-titanium mining camp about 100 kilometers east of Quebec City, Quebec.
The Foothills property offers an excellent potential for discovering titanium-rich rutile mineralization since field programs performed by the Company confirmed and constrained the proximity of one or more rutile-rich titaniferous sources in the vicinity of the Boudreau showing on Foothills. The Company and its new partner Iluka will join their effort to expand upon the promising exploration work on Foothills property. It is planned to conduct helicopter-borne and ground geophysical work this winter on the Property in preparation for a follow-up field program in summer 2016.