03:32 PM EST - Virginia Mines Inc. : informed its shareholders that Goldcorp Inc. announced on February 24, 2011, positive study results for the gold project Eleonore in Quebec and the approval by its Board of Directors of full-scale development of the project. Highlights: average annual gold production of approximately 600,000 ounces over an approximate 15-year mine life, an increase of over 80% from previous production estimate; Average life-of mine cash costs of less than $400 per ounce of gold. Virginia Mines Inc.
shares T.VGQ are trading even at $8.50.
