Valmond

Valmond Website December 2018 EN

Location

  • The Valmond property is located about 50 kilometres southwest of the town of Matagami, in Abitibi, Quebec.

Property

  • The property consists of 80 claims covering a surface area of about 45 square kilometres.

Highlights

  • Strategic land position that covers more than 10 kilometres strike length along a NW-SE-trending structure and that hosts several barely-tested gold occurrences with excellent discovery potential along strike.
  • Several historical drill intersections dating back to the 1970s-1980s:
    • 1.16 g/t Au over 10.60 metres including 2.3 g/t Au over 4.57 metres;
    • 5.22 g/t Au over 1.55 metres;
    • 3.77 g/t Au over 1.50 metres;
    • 2.03 g/t Au over 1.60 metres.
  • Favourable geology, with faulted contact zones between sedimentary rocks of the Taïbi Group and mafic volcanic rocks.
  • Gold-bearing structure traced over more than 300 metres along strike and open below 200 metres vertical depth, associated with an intense alteration zone ranging from 15 to 70 metres wide.
  • New IP and VTEM anomalies identified with the 2013 surveys.
  • Very limited previous work, induced polarization surveys and reverse circulation drilling.
  • Readily accessible using the road that leads to the former Selbaie mine north of Joutel.

Partnership

  • 100% Midland
  • Available for an option agreement