The syndicate formed by Azimut Exploration (AZM-M), Vior Mining Exploration (VIO-M) and Virginia Gold Mines (VIA-M) has hit a dyke containing nickel, copper and cobalt in the Lac Volant area north of Sept-les, Que.
Three shallow diamond drill holes, drilled in a fence pattern, intersected a 200-metre-thick sulphide- and magnetite-rich leuconorite dyke. The sydicate reports that sulphides are ubiquitous throughout the dyke, either as disseminations or in a typical magmatic net texture form (3-15% sulphide), plus a short massive-to-semi-massive section at the dyke’s lower contact.
The massive sulphides run 1.5% copper, 0.69% nickel and 0.04% cobalt over 1.24 metres. The net texture sections grade 0.16 to 0.23% copper, 0.12 to 0.17% nickel and 0.01% cobalt over lengths of 124,86 and 108 metres in the three holes, respectively. The average grade for the entire dyke is 0.14% copper, 0.13% nickel and 0.01% cobalt.
The three holes are near the centre of an 800-metre-long, highly conductive electromagnetic (EM) anomaly, coincident with magnetic and soil geochemical anomalies. The leuconorite dyke (and the anomalies) strikes west-northwest within granitic gneiss, about 400 metres from a north-south regional formation of graphitic paragneiss. The leuconorite is fresh and non-schistose, but often brecciated, incorporating fragments of another phase of leuconorite. The sulphide content increases to the south, toward the lower contact of the dyke, and at depth toward the third hole. This last hole was stopped at 197 metres (the maximum rod length available at the site) without reaching the lower contact of the dyke.
The exploration program is funded by Kennecott, a unit of Rio Tinto (RTP-N).
Under the option agreement, signed last autumn, Kennecott can earn a half interest in all the claims owned by the syndicate in the Lac Volant area by spending $2 million on exploration.
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