Eager to uncover deposits of both gold and base metals, junior Radisson Mining Resources (RDS-M) has launched a drill campaign on its Lac Gignac property in northern Quebec’s Massicotte Twp.
The 4,672-ha property has potential for hosting gold mineralization similar to other gold faults in the Abitibi region, the company reports.
Only 20 km away, and occupying the same deformation zone, is the Detour Lake mine, which has produced nearly 2 million oz. gold to date.
Radisson says the potential for discovering base metals is demonstrated by the Selbaie mine, 35 km to the southwest, which contains 30 million tonnes grading 1.2% copper and 1.9% zinc.
The region is characterized by thick overburden and extensive marshy areas; it is also, due its location north of the Turgeon River, relatively inaccessible. For these reasons, exploration has thus far been minimal.
Previously, Radisson drill-intersected two extremely altered deformation zones, 70 and 170 metres thick, containing injections of quartz veinlets (a favorable context for gold mineralization), as well as felsic volcanics containing a lens of massive pyrite 4 metres thick. The results prompted the company to stake additional claims and carry out geophysical work, which revealed several significant anomalies.
Radisson is pursuing two types of targets:
* disseminated sulphides in geology favorable to gold mineralization, such as tectonic traps along mafic-ultramafic lithostratigraphic contacts, mafic intrusives with vein networks, and fault zones; and
* massive to semi-massive volcanogenic sulphides.
About 2,500 metres of drilling is planned, funding for which is made possible by a recent $1.7-million flow-through share financing.
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