| | - Name of Project - Flavrian Project (100% Interest) acquired as part of an underlying agreement with Cambior.
- Project Type - Brownfield
- Location -Duprat township - west of the Central Rouyn-Noranda camp
- Target Minerals - Copper-Gold
- Overview
- Well know gold mineralized area host to two former producers (Quesabe and Beauchemin mines)
- Historic production of Quesabe mine was 89 kt @ 10.7 g/t Gold1.
- Quesabe mine historic resource is 450 kt @ 7.0 g/t Gold2 (100,000 oz Gold). No assessment of the potential for profitable extraction of the above tonnage and grade has been made. Future programs under consideration will focus on validating the tonnage and grade identified.
- Former Silidor mine (ex Cambior) which is located within the same structural domain on an adjacent property, previously produced 2.9Mt @ 5.1g/t gold3.
- Beauchemin mine (Cambior), which lies to the north of the Quesabe mine on an adjacent property, produced 1.7 Mt @ 4.82 g/t Gold4 until 1993.
- Geological Summary
- Gold deposits associated with the Flavrian intrusion are fault zone and shear zone related. Hydrothermal alteration is prevalent.
- Copper-gold mineralization (IOCG) related to the St. Jude Breccia, west of the Flavrian intrusive.
- Historic Drilling -258 holes totaling 44 000 m of historic drilling was completed prior to 2000. The majority of holes were drilled to a maximum depth of 250 m.
- Next Steps -compile and analyse the historic data leading to an initial drill program to test the depth and strike extent of the mineralization.
1 Pearson, V. 2007, Coefficient de geometrie favorable, rapport, due projet, Consorem 2003-04, 86p.
2 Cambior Report, Belzile, 1995
3 "Visible Gold Mines acquired 100% of the Silidor Gold Mine project from IAMGOLD and Newmont Mining and announces appointment of Director", News Release, Visible Gold Mines Inc., March 8, 2010
4 Pearson, V. 2007, Coefficient de geometrie favorable, rapport, due projet, Consorem 2003-04, 86p.
Cautionary Language
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. Certain information refers to adjacent or similar mineral properties in respect of which the Company has no interest or rights to explore or mine. Readers are cautioned that the Company has no interest in or right to acquire any interest in any such properties, and that mineral deposits on adjacent or similar properties are not indicative of mineral deposits on the Company's properties. |
