Lake Fagnant

General Information

• Property covers 2,267 ha (48 claims) and is held in partnership between Harfang (40%), Kenorland Minerals (40%), and Troilus Gold Corporation (20%) (33N02); five claims subjected to a 1% NSR shared between Geotest Corporation and Wayne Holmstead; no NSR on other claims
• Located in Nunavik (Québec) some 55 km east of Kuujjuarapik and 160 km north of Radisson; majority of claims inside Category II Lands
• Accessible by air transportation (helicopter or floatplane)
• Northwestern portion of the Great Whale Archean greenstone belt (Bienville Subprovince, Superior Province); mainly composed of basalts and clastic and banded iron formation (orthochemical) sedimentary rocks (Fagnant Group); minor peridotite, gabbro and felsic volcanic and intrusive rocks; greenschist to amphibolite facies; near the Great Whale iron deposit (538 Mt @ 36.7% Fe, resources non-compliant with NI 43-101)
• Belt divided into two branches made up of abundant basaltic rocks; the eastern volcanic band appears relatively fresh and undeformed whereas the western one is variably affected by regional deformation ranging from slightly schistosed to highly sheared; structural pattern suggests polyphased deformation of the belt; known gold occurrences are more dominant in the western band
• Host rock commonly corresponds to schistosed basalts with alteration minerals such as biotite, sericite, muscovite, quartz, amphibole, chlorite, garnet and rare andalusite; sulphides include disseminated pyrite and/or arsenopyrite with minor pyrrhotite and chalcopyrite
• Historical exploration work was limited to prospecting, geological mapping, an airborne Mag-EM survey and a localized IP-resistivity survey
• No drilling has ever been done

Maps

Highlights

• More than 30 gold showings; best samples returned between 1.07 and 47.03 g/t Au over submetric widths except for an interval grading 3.66 g/t Au over 8.8 m (Esker A showing); most occurrences categorized as mesothermal alteration zones; other mineralization styles include quartz-sulphide and polymetallic veins
• Gold occurrences are mainly aligned along 2 NW-SE corridors (Esker and Cuesta) extending at least 1 km in length and up to 100 m in thickness each; the Esker corridor corresponds to a base metal trend (strong Au-Pb correlation, ±Ag-As-Cu-Zn-Sb-Cd); the Cuesta corridor corresponds to an Au-As and an Au only dominated trend; an Au-Cu association exists for samples collected west of these corridors
• Geophysical surveys detected anomalies that need a follow-up either by mechanical trenching or drilling
• Complex folding and structural lineaments mapped on the field and interpreted from the magnetic signature together with Fe-rich rocks such as iron formations and basalts represent, respectively, physical and chemical traps for gold precipitation