Montreal-listed Altavista Mines has obtained an option from Soquem, Quebec’s publicly owned mining company, to acquire a half interest in the 201-claim Quenonisca gold property.
Situated in northern Quebec, 140 km northeast of Matagami, the property comprises 3,216 hectares and features a strong gold anomaly in stream sediments associated with favorable geology. The crescent-shaped anomaly is 1 km thick and more than 20 km long. At its peak, which occurs in the east, the anomaly assays 20-25 parts per billion (ppb) gold. The central and western portions of the anomaly contain gold values of 11-15 ppb.
The anomaly coincides with an important faulting system, and Soquem’s interpretation of old mapping works and regional geophysical data lead it to believe a large deposit could be discovered on the property.
To acquire its interest, Altavista will spend $202,500 on exploration.
Be the first to comment on "Altavista Mines to aquire 50% stake in Quebec property from Soquem"