Ligneris : Au, Zn Project

Snap Shot

  • 77 claims totalling 2,898 hectares held 100% by the Company
  • located approximately 80 km north of the Bousquet Mine Complex and 100 km northeast of the city of Rouyn-Noranda
  • Vior carried out geophysical surveys and a geological program, and drilled 20 holes totalling 3,855 metres in the 1980s
  • Work from 2008 recommended follow-up drill testing of four anomalies displaying characteristics of vein-type gold mineralization

Details

The Ligneris property consists of 77 claims totalling 2,898 hectares held 100% by the Company. It is located approximately 80 kilometres north of the LaRonde mining complex and 100 kilometres northeast of the city of Rouyn-Noranda. The property lies within the Archean Abitibi Subprovince and covers the intersection of the southeast shears of the Laberge and Laflamme deformation zones, which occupy the centre of the property.

The last exploration campaign on Ligneris was carried out in November 2013. At the time, the Company completed some mapping and rock sampling. Exploration work focused mainly on the extensions of known mineralized zones and along geophysical anomalies. Assay results from 130 rock samples collected in the field confirmed the presence of mineralized zones.

Three mineralized areas, known as the North, Central and South areas, are known in the central part of the property, based on drilling campaigns carried out by Placer Dome in 1989-1990. The North area hosts gold, silver and zinc, associated with quartz veins injected in graphite and pyrite-rich chert. The Central area consists of several distinct zones with a lateral continuity reaching 200 to 300 metres. Gold and zinc values include 4.05 g/t Au and 3.2% Zn over 0.5 m, in quartz veins with a high pyrite content and a few stringers of sphalerite. Resampling of several holes drilled by Barrick Gold in 1997 yielded a number of interesting gold values, with grades of 6.5 g/t Au over 3.9 m, 4.8 g/t Au over 2.4 m and 4.1 g/t Au over 1.6 m.

The Company recently integrated all field data in preparation for a potential partner to fund a more substantial exploration campaign in the future on this project.

Maps