A copper-silver-gold discovery near Quebec’s Val d’Or mining camp has caught the eye of
The Toronto-based junior recently signed an agreement to acquire 30 claims in Denain Twp., 50 km east of Val d’Or. The property covers a volcanogenic massive sulphide discovery made this fall by prospectors Jacques Duval and Benoit Boudreault, who found the showing by tracing mineralized boulders up-ice.
The discovery consists of massive to semi-massive chalcopyrite with minor pyrrhotite, pyrite and sphalerite. Assays from chip and rock-saw samples across 5.35 metres average 1.47% copper, 13.7 grams silver and 0.42 gram gold per tonne, plus 0.02% zinc. Three grab samples from the blasted portion of the showing average 3.28% copper, 28 grams silver, 0.78 gram gold and 0.04% zinc.
Moss notes that the mineralization occurs in the same volcanic sequence as the Louvicourt copper-zinc-gold-silver deposit 30 km distant. However, the new showing is described as having mineralogical similarities to the Horne mine at Noranda, in that it contains high values of copper, silver and gold, but low zinc.
The showing has been exposed in a trench about 14 metres long and six metres wide, though recent geophysical work suggests extensions to the west and east. The zone strikes east-west, dips nearly vertically, and is open to the east, west, north and downdip.
Moss President Harry Hodge says the prospect was not covered by government airborne geophysical surveys or ground surveys in the past, nor had it been drilled. “The property is undoubtedly one of the best situations, at this early stage, that I have ever come across,” he says.
Subject to regulatory approval, the prospectors will be paid $200,000 cash and 200,000 shares of Moss for their efforts. They will retain a 3% net smelter return royalty, though Moss can buy back 2% of this for $1 million. To earn the interest, Moss must also spend $500,000 on exploration over five years.
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