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Globex Properties

Cameron - Gold
Desjardins, Franquet & Grevet Townships, Quebec (NTS 32F/07)

Map updated December 2016

Property Description and location
The Cameron property consists of 30 claims totalling 1,280 hectares in Desjardins, Franquet and Grevet Townships, Baie-James, Quebec. The Cameron property is owned 100% by Globex Mining Enterprises Inc. The property is located 27 km north-north-east of Lebel-sur-Quévillon, and is easily accessible by road 113 and numerous forestry roads.

Cameron claim map as at dec 2016

Geological setting
The property is located in the north volcanic zone of the greenstone belt of the Abitibi Subprovince. The property is located over a section of the Cameron Shear Zone and contains two gold showings named Cameron Lake South (Principal Zone) and Cameron West.  The property lays within the Vanier-Dalet-Poirier Group consisting of intermediate to ultramafic volcano-sedimentary rock. The Cameron Pluton, located in the north-west part of the property, is composed of quartziferous monzonite, syenite and granodiorite. Some dyke and sills of syenite are also present on the property.

The Cameron shear zone host several deposits; 3.1 km west-north-west of the property is located the Flordin deposit that contains measured resources of 116,000 t at 3.25 g/t Au (12,133 ounces), indicated resources of 2,707,000 t at 1.77 g/t Au (153,998 ounces) and inferred resources of 2,199,000 t at 1.95 g/t Au (137,561 ounces) (North American Palladium Ltd, 43-101 report filed on SEDAR the 24-08-2011).

Inside the property, the main mineralized sector of the property is the Principal Zone (Cameron lake South showing). The gold mineralization is associated with quartz veins in a basalt. The alteration associated with the quartz veins consists of sericite, silice and ankerite. Veins and alterations zones contains 1 to 5 % disseminated pyrite. Cameron West showing was discovered in 1994 by GeoNova Exploration. The stripping shows a chloritized and silicified gabbro affected by shear zones with some centimeter quartz veins. Grab samples returned 7.36 g/t Au and 1.3 g/t Au.

Summary of Previous Work
A lot of work was done on the property since the end of 1940’s. Historical drill holes returned gold values such as 3.72 g/t Au over 3.9 m (MD8531); 21.84 g/t Au sur 1.5 m (MD8536); 1.94 g/t Au over 6.39 m (DJ8718) et 5.58 g/t Au over 5.03 m (DJ8719). In total, 109 holes were drilled on the property and 70 of these holes were drilled on the Principal Zone.

Globex work
Globex acquired the property in the spring of 2016. During this year, compilation work was done.

Globex produced sections and a new interpretation from the historical data of the Principal Zone. Five zones were interpreted, Table 1 shows the best results of each zones. Zones 1 and 2 show continuity on 1 300 m with gold value over 1 g/t. These zones were intersected at 300 m below surface and they are opened to the west, east and at depth. Zone 4 contains gold value over 1 g/t on 500 m and it was tested at 250 m below surface. 

 

Results over 2 g/t Au

 

Drill Hole

Au (g/t)

True thickness  (in m)

Zone 1

5B

15.99

1.32

54410-0

4.77

1.86

MD8541

4.22

0.94

DI-95-02

3.1

1.63

MD8547

2.95

0.86

70501-0

2.62

2.04

Zone 2

MD8537

21.84

1.18

MD8545

8.13

0.78

54406-0

6.98

1.78

MD8536

5.97

1.02

DJ8719

5.76

3.83

MD8531

4.94

0.51

DJ8707

4.46

1.75

DJ8708

4.05

1.61

MD8531

3.72

2.84

DJ8718

3.61

2.05

DJ8705

3.23

1.95

MD8548

2.47

0.86

DJ8726

2.42

1.58

MD8501

2.08

1.8

Zone 3

54406-0

4.8

1.78

MD8544

4.29

1.18

MD8547

2.42

2.12

Zone 4

MD8506

7.41

0.84

DJ8703

4.94

0.63

MD8532

3.19

0.53

MD8546

3.18

2.3

MD8544

2.61

0.57

MD8506

2.13

0.31

Zone 5

54406-0

2.45

1.79

DJ8708

2.54

0.7

 

 

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Press releases related to this property

April 6, 2016
Globex Acquires Significant Portion of Gold Localizing Cameron Shear
(English)


Partner News related to this property

No related Partner News found.

 
 
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