Matamec finds more Sakami gold (October 11, 2002)

Junior Matamec (MAT-V) has discovered several more gold showings at its Sakami property in the James Bay region of Quebec.

In the JR area, 25 of 126 grab samples returned 0.1 to 9.6 grams gold per tonne. Some of the better grades, 4.53, 6.85 and 8.6 grams, came from a band of pyrite in an outcropping of basalt.

Another sample taken 70 meters east of the collar of hole 43 carried 1.47 grams. Hole 43, which was drilled in the summer to test a geophysical anomaly, assayed 2 grams over 6 metres of a 43-metre section of iron formation.

About 1.5 to the west, in the Island sector, 18 samples of iron formation ran up to 5.17 grams gold. An earlier pass through the area yielded 2 grams.

In the Sipanika area, one sample of iron formation returned 0.2 gram gold. The iron formation is several metres wide and characterized by more than 20% pyrite.

Five other samples taken in the area returned less than 0.1 gram.

The showings all sit in a structural corridor that separates the Precambrian-aged La Grande and Opinaca subprovinces. To date, the best results have come from Zones 25 and 26, which is about 8 km south of the JR area.