Highlights:
- The Company received results from drill holes 1274-24-297 to 301, 334, and 335, which intersected the following intervals:
- #297 - 0.70% CuEq over 32.5 metres beginning at 52.3 metres along hole
- #299 - 1.04% CuEq over 10.4 metres beginning at 33 metres along hole
- #300 - 5.35% CuEq over 8.1 metres beginning at 251 metres along hole
- #301 - 1.47% CuEq over 97.5 metres beginning at 30.5 metres along hole, including 3.9% CuEq over 21.8 metres;
- #335 - 1.05% CuEq over 8.6 metres beginning at 125.4 metres
- The results from #297 & 299 successfully extended the system up-dip, closer to the surface, and were in line with the Company's objective of testing the north bedrock interface to complete the model to assess the potential updated pit-shell model;
- The results from #301 support the bulk tonnage open pit potential with a high-grade core and tested the true width of the mineralization;
- The results from #335 confirmed and extended the copper potential of the "Satellite West" Zone located 500 metres to the west of the main deposit.
Table 1: Significant Intercepts
Hole ID | From (m) | To (m) | Length (m) | CuEq (%) | Cu (%) | Au (g/t) | Ag (g/t) | Zn (%) |
1274-24-297 | 52.3 | 84.8 | 32.5 | 0.70 | 0.01 | 0.01 | 19.23 | 1.47 |
And | 123 | 146.4 | 23.4 | 0.45 | 0.35 | 0.09 | 1.90 | 0.04 |
And | 151.85 | 160.4 | 8.55 | 0.44 | 0.36 | 0.06 | 2.05 | 0.09 |
1274-24-299 | 33.0 | 107.9 | 74.9 | 0.49 | 0.41 | 0.1 | 1.38 | 0.01 |
incl. | 33.0 | 43.4 | 10.4 | 1.04 | 0.96 | 0.09 | 2.73 | 0.01 |
And | 53.0 | 66.0 | 13.0 | 0.67 | 0.62 | 0.06 | 1.58 | 0.01 |
And | 87.7 | 95.0 | 7.3 | 0.63 | 0.29 | 0.5 | 0.96 | 0.01 |
And | 105.9 | 107.9 | 2.0 | 1.38 | 1.17 | 0.21 | 9.0 | 0.03 |
1274-24-300 | 214.1 | 231.0 | 16.9 | 0.87 | 0.75 | 0.13 | 3.07 | 0.01 |
And | 251.5 | 259.6 | 8.1 | 5.35 | 4.56 | 1.11 | 6.89 | 0.03 |
And | 283.7 | 288.0 | 4.3 | 1.27 | 0.82 | 0.64 | 2.79 | 0.02 |
1274-24-301 | 30.5 | 128.0 | 97.5 | 1.47 | 1.34 | 0.15 | 3.08 | 0.02 |
Including | 48.9 | 70.7 | 21.8 | 3.9 | 3.63 | 0.32 | 6.37 | 0.02 |
1274-24-334 | 65.5 | 68.5 | 3 | 0.95 | 0.06 | 0.01 | 4.05 | 2.27 |
1274-24-3355 | 125.4 | 134 | 8.6 | 1.05 | 0.97 | 0.05 | 4.11 | 0.04 |
And | 148.3 | 155.85 | 7.55 | 0.49 | 0.03 | 0.01 | 1.64 | 1.18 |
And | 289.8 | 296.2 | 6.4 | 0.81 | 0.78 | 0.02 | 3.34 | 0 |
Note 1: The intercepts above are not necessarily representative of the true width of mineralization. The local interpretation indicates core length corresponding to Note 2: Copper equivalent values calculated using metal prices of Note 3:Intervals were calculated using a cut off grade of 0.1% Cu Eq, which represents the visual limit of the mineralized system. Note 4: No significant values in 1274-24-298. Note 5: This captures assays received to date and additional results still outstanding including overlimit testing. The complete intervals for 1274-24-335 will be reported in the next results release. |
Drillhole 1274-24-297 was designed to test the up-dip structure closer to the surface of historical hole 1274-14-193, which intercepted 1.65% CuEq over 12.8 metres ending at a depth of 200.5 metres. The hole successfully expanded the silver-zinc zone under the bedrock contact, 50 metres updip from hole 1274-14-193. The interval of 1.47% Zn and 19.22 g/t Ag represents an estimated true thickness of 30 metres. The following copper zone expands about 25 metres closer to the surface with grade varying from 0.1% to above 4% Cu over metric intervals. Overall, two intervals can be calculated of 0.45% and 0.44% CuEq respectively over 23.4 metres and 8.55 metres. The mineralized structure, identified by a sericite-chlorite rich composition, was cut from a vertical depth of 55 to 110 metres.
Drillhole 1274-24-298 crossed over 60 metres a clay rich host rock with evidence of dissolved chalcopyrite, traces of copper sulfates originating from a weathering process.
Drillhole 1274-24-299 was designed to test the up-dip extension closer to the surface of the copper-bearing structure intercepted in historical hole 1274-14-197, which graded 1.22% Cu over 19.5 metres. A succession of sub-concordant chalcopyrite stringers, dissemination halos and chalcopyrite-bearing quartz veins were observed from 30 to 107.9 metres. The best interval of 1.05% CuEq over 10.4 meters started at 33 metres just under the bedrock contact.
Drillholes 1274-24-300 and 1274-24-301 were planned to infill a central cluster of chalcopyrite stringer and quartz veining cross-cutting historical down dip holes 1274-16-238 and 1274-16-240. The two holes are separated laterally by about 150 metres. The best interval from #301 (1.47 % CuEq over 97.5 metres) started under the bedrock contact from 30.5 to 128 metres downhole, representing an estimated true thickness near the core length of 97.5 metres. #301 intercepted a shorter higher-grade interval of 5.35% CuEq over 8.1 metres from 251.45 to 259.6 metres, which also contained 1.1 g/t Au. The mineralization was intercepted about 12 metres above historical hole B26-03M, which returned 8.1% CuEq over 5.3 metres with a 4.0 g/t gold component.
Drillholes 1274-24-335 and 1274-24-334 were designed to test the continuity of a potential satellite zone 500 metres to the west of the main deposit. Drill hole 1274-24-335 highlighted indications of a strong VMS system with local sphalerite bands and stringers with accessory chalcopyrite hosted in chert tuff. The best interval obtained from #335 with 1.05% CuEq over 8.6 metres followed by lower-grade mineralized intervals of 0.49% CuEq and 0.82% CuEq over 7.55 metres and 6.4 metres, respectively. The disseminated chalcopyrite mineralization hosted in a tuffaceous sequence extends down to 310 metres along the hole.
Table 2: Drill Hole Information | |||||||
Drill hole | Target | UTM | UTM | Elevation | Azimuth | Dip | Length (m) Drilled |
1274-24-297 | B26 Main | 653200 | 5513320 | 276 | 360 | -55 | 340 |
1274-24-298 | B26 Main | 652750 | 5513465 | 276 | 360 | -45 | 250 |
1274-24-299 | B26 Main | 652800 | 5513440 | 276 | 360 | -50 | 260 |
1274-24-300 | B26 Main | 652850 | 5513310 | 276 | 360 | -57 | 375 |
1274-24-301 | B26 Main | 653000 | 5513450 | 276 | 360 | -68 | 320 |
1274-24-334 | West Satellite | 652100 | 5513460 | 276 | 360 | -57 | 310 |
1274-24-335 | West Satellite | 652100 | 5513410 | 276 | 360 | -57 | 384 |
The core logging program is run by Explo-Logik in
Samples preparation duplicates, varied standards, and blanks are inserted into the sample stream.
In the 2018 resource estimate, SGS recommended the QAQC protocol to explain the replicability for the four metals (Au-Cu-Ag-Zn). The Company has set up for this program a series of assaying protocols with the objective to control QAQC issues from the beginning of the project. As a result, samples are crushed finer with 95% of particles passing 1.7 mm and a large split of 1 kg is pulverized down to 106 µm (150 mesh). Other measures put in place include the automatic re-assaying of gold results above 3 g/t by metallic screening and the use of sodium peroxide fusion in mineralized intervals interval corresponding to a target grade above 0.5% Cu.
Information contained in this press release was reviewed and approved by
ON BEHALF OF THE BOARD
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Note 1: A qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves. The issuer is not treating the historical estimate as current mineral resources or mineral reserves. Source: Rapport Technique NI 43-101 Estimation des Ressources Projet B26, |
Note 2: Copper Equivalent values were calculated using metal prices of |
Note 3 - Sources: |
Fayard, Q, Mercier-Langevin, P., Wodicka, N., Daigneault, R., & Perreault, S. (2020). The |
Fayard, Q. (2020). CONTRÔLES VOLCANIQUES, HYDROTHERMAUX ET STRUCTURAUX SUR LA NATURE ET LA DISTRIBUTION DES MÉTAUX USUELS ET PRÉCIEUX DANS LES ZONES MINÉRALISÉES DU PROJET B26, COMPLEXE VOLCANIQUE DE BROUILLAN, ABITIBI, |
This news release contains certain statements, which may constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking information involves statements that are not based on historical information but rather relate to future operations, strategies, financial results or other developments on the
SOURCE
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