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.
Azimut recently announced several significant gold-bearing drill intercepts at the Patwon prospect, namely 3.15 g/t Au over 102.0 m, including 10.1 g/t Au over 20.5 m (press release by Azimut dated January 14, 2020). The western part of Elmer East, located closest to the Patwon discovery, shows a geological setting favorable to gold mineralization.
The project will be the focus of a geological compilation and a surface exploration program which will be carried out in 2020. A magnetic heliborne survey is currently in progress to cover the project. The results will help define the next exploration phase on the Project to be carried out by the Company during 2020. The heliborne survey is being carried out by Geo Data Solutions GDS inc (based in Laval). Processing and interpretation of the geophysical data will be performed by Inter Géophysique Inc. (based in Rosemere).
Opinaca Gold West
The Opinaca Gold West block covering 110 km2 is 100% owned. It lies approximately 40 km west of the Éléonore mine and is situated along the same geological formation as the mine. The block covers a series of geochemical gold-arsenic anomalies and geological elements that suggests the presence of a mineralized system along approximately a distance of approximately 40 km.
Opinaca Gold West is adjacent to the Azimut Exploration Inc. and SOQUEM’s discovery of a significant gold mineralization zone on their Munischiwan project.
The block covering 186 km2, lies approximately 60 km west of the Éléonore mine. The Annabelle block is covered by the volcano-sedimentary rocks of the Opinaca geological subprovince. The Annabelle block is located about 65km west of the Eastmain Resources Eau Claire project and approximately 40 kilometers west of Newmont’s Éleonore gold deposit, in Quebec, James Bay.
The large block is clearly under-explored, but always showed a strong mineral potential. The main reason of the limited work was due to the unfavorable economic climate of the past few years. The discovery potential is related to the greenstone belt geological settings covering the volcano-sedimentary sequences and intrusions of the Opinaca sub province.
Mapping and sampling exploration program on the Annabelle Project was a success, returning strong gold, copper and silver values over 2 different zones. The best results returned 6.14 g/t gold and 1.02 g/t gold 32.6 g/t silver, 2.37% copper, and 372 ppm cobalt. These results defined multiples anomalous structures, located mainly in the central and eastern portion of the project. Results are showing that the Gold mineralization seems to be associate to quartz vein and/or stringer and/or copper mineralization. Historical work also returned 3.6% Cu and 790 ppb Au in a 1 kilometer nearby outcrop extending the potential of a discovery.