Trenching by Appalaches Resources (APP-V) on the Mont-de-l’Aigle property on the Gaspe Peninsula, has exposed the recently discovered Turcotte showing for more than 100 metres.
The two new trenches also doubled copper grades encountered at the showing. The northeast trench cut mineralization over 45 metres, with grab samples yielding copper grades up to 4.8%. More typically, the grades run between 0.4% and 2.6% copper.
The northwest trench, cut some 25 metres north of the showing, encountered mineralization grading between 0.4% and 4.6% copper over 30 metres.
The Turcotte showing was uncovered earlier this month at the southern limit of a geochemical copper anomaly measuring 250 by 750-metres. It represents the third copper zone on the property, and is situated between the Duchesne showing 1.1 km to the northwest and the Pardiac showing 900 metres to the southeast. Copper grades at Duchesne range between 1% and 6.4% copper, between 1% and 11.2% at Pardiac.
The showings comprise altered brecciated mudstones containing quartz, chalcopyrite, pyrite and iron oxides. They are hosted by the rocks of the Shiphead and Florillion formations. The company believes that the three showings represent a continuous mineralized system.
The company plans to sink five holes in the coming weeks to determine the size of the Turcotte discovery. Assay results from 12 holes collared on the Hupe, Pardiac and Duchesne showings, and other geophysical anomalies, are pending. The company notes that the holes returned visible copper mineralization.
The latest results sent the company’s shares 2.5, or 11% higher, to 24 in early trading in Vancouver on Nov. 18. The shares trade in a 52-week range of 9-26 per share.
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