Following induced-polarization surveys at its Macleod Lake property in north-central Quebec,
A follow-up IP survey is planned for February, with about 2,000 metres of drilling to follow.
The Macleod Lake property, 250 km northeast of Chibougamau, covers a large granodiorite intrusion that hosts a known copper-molybdenum deposit known as the Main zone. The property saw some exploration in the late 1980s and early 1990s.
Old estimates (pre-dating National Instrument 43-101) put the size of the deposit at 37 million tonnes grading 0.44% copper and 0.05% molybdenum, plus 3.7 grams silver and 0.04 gram gold per tonne.
The current area of interest is 4-6 km northeast of the Main zone and was outlined in soil geochemical surveys in the early 1990s. The inferred direction of glacial movement in the area is from east to west, suggesting that areas around the contact of the granodiorite body, up-ice from copper- and molybdenum-enriched zones in soils, are prospective for copper-molybdenum mineralization.
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