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  • Corporate Overview
  • Management/Directors
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  • Meunier JV
  • Bazooka and McWatters
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Map Gallery

BAZOOKA GOLD PROPERTY, QUEBEC

The Bazooka property is a great acquisition for the Company as it provides a 100% vested title interest in an advanced staged property that hosts known gold zones in the Noranda-Val D’Or mining region.

The Bazooka property is an advanced gold prospect consisting of 15 mining claims in Beauchastel Township, 7 km southwest of Rouyn Noranda, Quebec and contiguous to the west boundary of properties owned and being actively explored by Yorbeau Resources Inc. (TSX: YRB.A).  The property is situated about 45 km southwest of Agnico Eagles Laronde mine and about 40 km west of Osisko’s Malartic project.

Geologically, the property overlies 1.8 km of the Cadillac-Larder Lake Deformation Zone (CLDZ), a major structural zone near the south margin of the Abitibi Greenstone Belt hosting numerous gold occurrences and deposits including the Val d’Or, Cadillac, Kirkland Lake, Larder Lake and Matachewan gold camps. Most significant gold mineralization identified to date at Bazooka is located near the east boundary with Yorbeau and hosted by strongly altered sedimentary and volcanic rocks surrounding a distinct northeast trending flexure in the CLDZ. This mineralization is in the direct westward extension of the CLDZ from Augmitto and Cinderella Blocks of the Yorbeau Property where past mining has been conducted to a depth of 250m from surface and recent drilling has yielded results such as 3.35 gpt Au over 33.0m, including 9.59 gpt Au over 7.0m and 74.67 gpt Au over 10.35m (Yorbeau releases, May 26, 2010 and September 23, 2009, respectively). Yorbeau Resources has also recently announced the commencement of an NI 43-101 study to evaluate the resource potential at the Augmitto deposit.

The first significant exploration at the Bazooka property was conducted by Siscoe Mines in 1946 and included completion of 26 holes and development from an exploration shaft at 120m below surface to evaluate the main mineralized showing.  Significant historic drill intersections from this program include 8.8 gpt Au over 9.1m, 3.8 gpt Au over 5.4m, 10.7 gpt Au over 3.0m, and 4.1 gpt Au over 3.0m.

Soquem evaluated the property in 1981 and 1982, drilling 16 holes. The program identified four distinct mineralized zones (A,B,C and D) and obtained significant intercepts of  42.5 gpt Au over 4.5m, 2.9 gpt Au over 9.0m, 12.3 gpt Au over 7.5m, and 21.1 gpt Au over 2.05m. The above historic intercepts are from a 250m long portion of the (CLDZ) surrounding the Siscoe Shaft and at depths less than 220m below surface.

Historical work at the property also includes drilling by Lake Shore Gold Corp. in 2003 and 2004 which tested gaps in previous drilling by Soquem as well as areas up to 250m west of the Siscoe shaft with good success.

In total from historical programs, 23 holes and 7,676m were drilled and obtained several significant gold intersections at shallow depths from surface including:

The best results from the Lake Shore drilling are closely associated with strongly deformed and altered sections of the CLDZ near the northeast trending flexure containing quartz and tourmaline veins with disseminated arsenopyrite, pyrite, chalcopyrite and arsenopyrite. The drill results indicate excellent potential to extend the known deposit along strike and to depth as well as to define new deposits surrounding other northeast trending flexures west of the shaft.

In March 2011, the Company commenced a diamond drill program on the Bazooka property. The following assay results have been received for RT Minerals 2011 drilling:

Further drilling of nine holes is now proposed at Bazooka. Six of the nine holes will be drilled as Phase One and three relatively shallow holes may be completed at the end of Phase One as contingency holes under the new drill campaign.

The nine holes are designed to extend the mineralization to depth below current significant intercepts, add information to untested areas within the interpreted Main Zone, test the potential easterly plunge of the Main Zone, and explore deformed and altered rocks near the Cadillac Larder Lake Break at a deeper level below the -200m elevation.

All of the nine holes are targeting the interpreted Main Zone which generally hosts the best gold values and widths, and has the best continuity both along strike and down dip. The total drill program is scheduled to consist of 3,450 meters in drilling. This drilling is expected to commence in mid-November 2011.

For complete disclosure for the Bazooka gold property, an updated NI 43-101 report dated May 4, 2011 may be viewed at www.sedar.com or click here for the Bazooka report.

MCWATTERS PROPERTY, QUEBEC

The McWatters property consists of 12 claims (404 Ha) located 8 km southeast of the town of Rouyn-Noranda. The property is just north of the Cadillac Larder Lake Fault Zone.

The McWatters property is located on the east extension of the CDLZ and contiguous with the east boundary of the Yourbeau Astoria Property where past mining has extended a shaft to 515 meters below surface and Yourbeau has been evaluating the potential for open pit mining. The McWatters property is also adjacent to land holdings owned by Threegold Resources Inc. (TSX.V: THG) and Gold Bullion Development Corporation Inc. (TSX.V: GBB). The McWatters property has seen limited past exploration but several gold showings have been identified both within and in the surrounding area.

The mineralization at McWatters consists of gold, pyrite and arsenopyrite. A showing known as the Lac La Bruere-Bischoff showing is located by past drilling (Lake Shore Gold 2003), which crosscut quartz veins with pyrite and arsenopyrite in a silicified wacke. These historic results returned up to 1.02 gpt Au over 0.91m and 7.79 gpt Au over 3m.

The McWatters gold property is located approximately 9km east of the Bazooka property. The Company has completed line cutting, a magnetometer survey, soil sampling and trenching. Further trenching will commence on surface targets in mid-November. Drilling at McWatters is scheduled for early 2012. Complete details of the proposed drill program will be announced at that time.