Elmer East Project
The Elmer East project covering 488 km2 is 100% owned.
The project is located along trend from the recent Patwon prospect gold discovery made by Azimut Exploration Inc. on its Elmer project located in the Eeyou Istchee James Bay territory, Quebec. The project has strong gold potential totaling 929 claims and includes the adjacent 100% owned Annabelle block (formerly Annabelle project), and the Opinaca Gold West block (formerly Opinaca Gold West project) 561 claims, 295 km2. The western part of the Elmer East project is contiguous to Azimut’s project.
Regional and local geology
The project consists of different parts of the Eastmain volcano-sedimentary belt. The Opinaca Gold West claim block and Opinaca Gold East block are located on the eastern edge of the Duxbury batholith and are composed of the Bernou and Pilipas formations. The Central Block is located along and north of the Opinaca River straddling a contact between the Duxbury batholith and the Kauputauch formation. The Annabelle block lies along the Eastmain River for more than 25 km and straddles the contact of the Kapawasatish batholith to the north and the Kawaschusi and Wabamisk formations to the south. Metamorphism generally varies between greenschist and upper amphibolite.
Several areas of the project were extensively explored starting in 1977. Since 2017, QPM has carried out mapping and prospecting work in 2019 on the Annabelle, Opinaca Gold West and Central blocks. A high-resolution helicopter-borne mag survey was completed in the winter of 2020.
Prior to the summer 2020 campaign, GoldSpot Discoveries Corp. carried out a geological interpretation and an evaluation of the gold prospectivity using methods based on Artificial Intelligence. The compilation of over 30,000 outcrop observations combined with over 12,000 lithogeochemical samples allowed a revision of the existing large-scale geological mapping, which resulted in the reinterpretation of the regional geological map. This work highlighted the common geological characteristics of the project with the Éléonore goldmine:
- a volcano-sedimentary sequence, comprising from base to summit, basalts, conglomerates, sandstone-grauwacke and paragneiss, all intruded by several felsic intrusions;
- a structural complexity with zones of intense folding and shearing;
- felsic and sedimentary volcanic units dated to around <2709Ma; and
- a major variation of the metamorphic gradient from greenschist to upper amphibolite.
A total of 425 grab samples were collected during the 2020 summer surface exploration campaign. The most significant values were obtained primarily from the new Lloyd discovery in the Annabelle claim block.
Results received from 2020 summer surface sampling program confirmed a new gold mineralized system with several new high-grade grab samples.
|4.06 g/t Au, 38.9 g/t Ag, 1.72 % Zn, 1.88 % Pb over 2.0 m (channel R4)|
|1.77 g/t Au, 12.3 g/t Ag, 0.30 % Zn, 0.78 % Pb over 1.0 m (channel R9)|
|1.73 g/t Au, 10.3 g/t Ag, 1.00 % Zn, 0.49 % Pb over 1.0 m (channel R8)|
|1.18 g/t Au, 10.2 g/t Ag, 0.52 % Zn, 0.71 % Pb over 1.0 m (channel R7)|
|0.96 g/t Au, 19.5 g/t Ag, 1.66 % Zn, 0.51 % Pb over 2.0 m (channel R3)|
Outcropping over a distance of 60 m near the Eastmain river and remains open in all directions.
Quartz vein system 1 to 2 m wide grading up to 17.75 g/t Au, with galena, sphalerite and chalcopyrite was discovered by prospecting high priority targets previously generated with the assistance of GoldSpot Discoveries Corp.
Another anomalous quartz vein with 0.33 g/t Au was also sampled 400 m east of the initial discovery, following the same interpreted regional scale fault, demonstrating the continuity of the new gold and base metals system.