VG Gold Corp. (TSX: VG) has intersected high grade, near surface gold mineralization from core drilling at Paymaster West Project. The project located in Timmins, Ontario, intersected 1,390.0 grams of gold per tonne over 0.9m. VG Gold has the option to earn a 60% interest in Paymaster West Project from Goldcorp. The project is located adjacent to Goldcorp's Dome Mine which has produced 17million ounces of gold.
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VG Gold Corp. is a Canada-based company. The Company is engaged in the business of exploring and developing precious metal mineral properties. Its portfolio of gold properties include the Fuller, Davidson Tisdale and Buffalo Ankerite, all located in the Timmins gold camp. As of December 31, 2008, the Company focused on exploring its properties, the Buffalo Ankerite property, which is 100% controlled and the Fuller property, which is 100% owned. The Company holds a 68.5% interest in the Davidson Tisdale property. Its Fuller Property consists of 17 claims consisted of 672 acres located in Tisdale and Deloro Townships, Timmins, Ontario.
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