A gold resource already defined with remarkable ‘blue sky’ potential in Chibougamau
640,000 oz of Gold defined
New Discovery in 2012 called the Croteau Bouchard Shear Zone with 640,000 ounces of gold defined in a 43-101 resource.
Waconichi Tectonic Zone
Large property with an extensive dataset to drive new discoveries.
New Gold Discovery in 2022
New Discovery in 2022 north of CBSZ proximal to the Faribault Fault Zone a major E-W auriferous structure.
Existing Discovery and 43-101 Compliant, Inferred Mineral Resource
Central (~ 550m strike by 150m width)
Additional unclassified component of 640,000 ounces of gold inferred category.
Resource based on 64 holes (20,643m), 50m spacing:
CBSZ ~1.1 km long, open along strike, both directions;
Only one hole to 575m (all others < 350m), open at depth
Cracking the High Grade Code
High Grade Boulders 15.0 g/t Au 52.8 g/t Au 68.7 g/t Au 58.8 g/t Au
High Grade Trench Samples 7.9m @ 12.8 g/t Au, including 1.0m @ 92.57g/t Au 33.8m @ 1.93 g/t Au, including 12.3m @ 3.23 g/t Au and including 11.0m @ 2.01 g/t Au
Highlights, 2017 Core Drill Program: 96% Success Rate High Grade Intersections 4.8m @ 75.44 g/t Au, including 0.8m @ 439.00 g/t Au 19.6m @ 8.02 g/t Au, including 1.0m @ 70.40 g/t Au 9.1m @11.06 g/t Au, including 2.0m @ 43.75 g/t Au 6.0m @ 61.24 g/t Au, including 0.5m @ 705 g/t Au 8.0m @ 7.50 g/t Au, including 1.0m @ 56.40 g/t Au 34.6m @ 1.99 g/t Au, including 2.4m @ 9.46 g/t Au 8.8m @ 12.76 g/t Au, including 4.2m @ 19.51 g/t Au 5.8m @ 12.74 g/t Au, including 1.9m @ 37.81 g/t Au 6.0m @ 4.58 g/t Au, including 1.0m @ 23.4 g/t Au 11.5m @ 5.80 g/t Au, including 3.8m @ 6.75 g/t Au 14.2m @ 3.30 g/t Au, including 0.4m @ 39.70 g/t Au
Blue Sky Regional Potential
However… there is a larger “gold” footprint to consider at the CBSZ… based on….
The CBSZ is located at the intersection of a NE-SW fault and E-W deformation zone;
11 other such opportunities with Gold Showings discovered at theses structural intersection.
Larger CBSZ Gold Footprint
New gold discovery associated with CRO22-120, broad low-grade interval of 1.06 g/t Au over 26.3m, including higher grade intervals of 1.93 g/t Au over 11.0m and 4.98 g/t Au over 3.00m
Lithologies and geochemistry observed from both the core and RC drilling programs in addition tothe distribution of anomalous values of gold grains expands our understanding of the robust potential size of the large gold-bearing system associated with the CBSZ.
Distance of CRO22-120 from the CBSZ is 650m (red dashed arrow).