1 Banky's Books, 1980
- Name of Project - Horne Five consist of the Horne No. 5 Zone as part of the Horne mine infrastructure and acquired as part of an underlying agreement with Xstrata as a Controlled Property.
- Project Type - Former Producer
- Location - Rouyn Township -
- Target Minerals - Gold-Zinc- Copper
- Overview -
- Historic gold and copper production with remnant historic resource remaining.
- The zone is greater than 1000m in strike length to depth of 2650m and ranges from 30m to 140m in thickness.
- Prior production of 221kt @ 6.65g/t Gold and 0.73% Copper1.
- Noranda company reports from the 1950's identified a disseminated resource between the 21st and 39th levels including high grade gold lenses2.
- Bancroft in 1980 identified high grade gold lenses within the No. 5 Zone with grades averaging 6.0g.t Gold, 0.50% Copper, and 0.4% Zinc1. No assessment of the potential for profitable extraction of the above grade has been made. Future programs under consideration will focus on validating the tonnage and grade identified
- Geological Summary - Composed of massive to semi-massive-sulphide body with a series of overlapping pyritic lenses with volcanic rocks.
- Next Steps -compile and analyse the historic data to model historic mine.
2 Barrett et al, 1990
The Company advises that the production, tonnage and grades listed above are historical in nature and have not been verified. The category of historical resource does not conform to current CIM definitions. The historical estimates are not supported by a technical report. A qualified person has not done sufficient work necessary to classify the historical estimates as a current mineral resource or mineral reserves. The Company is not treating the historical estimates as current mineral resources and the historical estimate should not be relied upon. Horne No. 5 Zone is classified as a Controlled Property in which the Company has an economic interest below 200 meters.