Tonnancour Project - Polymetallic
Tonnancour, Josselin, Holmes, Bartouille Townships, Quebec (NTS 32C15 - 32C14)
Updated October 2016
Property Description and location
Tonnancour is comprised of 53 claims totalling 3,002 hectares which are composed of one main block which originates immediately east of the north flowing main tributary Bell River and a smaller peripheral claim blocks to the northwest all of which occupy the southwest quadrant of Tonnancour Township and the northeast portion of Josselin Township, Quebec, approximately 20 km south by active logging roads from the forest industry town of Lebel-sur-Quevillon. This property is wholly owned by Globex and is not subject to any underlying royalties or third party agreements. There has not been any mineral production in the area but a small, sub-cropping VMS deposit found in the early 1970’s by Noranda Exploration with a reported non NI 43-101 compliant historic resource of 55,000 t grading 2% Cu, 3% Zn and 26 gpt Ag based on 4,100 metres of drilling (Josselin Prospect), is located in the south central portion of the main claim block as shown in Figure above.
The property was initially mapped by the provincial government in the late 1930’s and subsequently prospected in the late 1960’s which lead to the discovery of the Tom Lake chalcopyrite showing. The area was subsequently optioned by Noranda Exploration who proceeded to outline by geophysics and drilling, the VMS mineralization over the copper showing, which became known as the Josselin Prospect with its drill indicated, non NI 43-101 compliant historic resource of 55,000 t grading 2% Cu, 3% Zn and 26 gpt Ag. The best hole in the sulphide zone at the time reportedly returned 4.4% Cu, 8.2% Zn, 0.34 gpt Au and 51.1 gpt Ag/ 3.7 m The Josselin prospect was next worked by SOQUEM from 1972 to 1973, drilling an additional 15 holes for 1,694 metres without upgrading the resource estimate. Other explorers which followed, focussing primarily on the Josselin deposit, include Onitap Resources (1983), Finneth Exploration Inc (1984:4 drill holes), VSM Exploration Inc (1984: 4 drill holes), Teck Corp. (1992: EM ground geophysics and 4 drill holes with borehole surveying), Inmet (2001:compilation but no drilling) without considerably enhancing the earlier interpretation suggested by Noranda.
Geological Setting and Mineralization
The reader is referred to the 2011 Annual Information Form for details regarding the regional, local geologic setting of this greenstone belt along with more detailed description of the volcanogenic massive sulphide mineralization developed at the Josselin sulphide zone.
Globex acquired the Tonnancour property by staking in 2004. In October 2005, Globex completed a 381 ln-km helicopter-borne AEM survey followed by 53 ln-km of ground magnetometer and horizontal loop EM surveys (seven separate grids) over ten separate target areas dispersed at various localities along a 10 km east west trending segment of the greenstone belt considered as prospective for hosting VMS mineralization across the full width of the property. This work lead to the selection of 15 drill targets based on the strength and, apparently, “discrete” character of the electromagnetic conductors with direct magnetic association. Selected targets included the Josselin VMS prospect in addition to untested interpreted to occur along strike from the felsic volcanic horizon associated with the Josselin VMS prospect. During the summer of 2011, Globex carried out a diamond drill program consisting of 27 drill holes totalling an aggregate of 3,100 metres of N.Q. drilling. A large portion of the drill program was devoted to close space drilling of the Josselin VMS prospect with the balance testing various conductors along a 10 km strike length of the favourable volcanic stratigraphy of the Tonnancour Volcanic Belt. In addition to the Cu/Zn/Ag/Au mineralization at the Josselin prospect, narrow to moderately wide zones of massive, semi-massive and stringer sulphides hosted within metamorphosed volcano-sedimentary units, were found to be associated with the majority of the previously untested conductors.
Significant base and precious metal mineralization was however confined to the Josselin VMS deposit where better intercepts returned exceptional values of 4.55 m of 5.23% Cu, 13.12% Zn, 41.0 gpt Ag and 0.718 gpt Au (Hole GT-11-01) as well as 3.0 m of 7.3% Cu, 7.27% Zn, 51.8 gpt Ag and 1.1 gpt Au (Hole GT-11-15): see Figure 8. Based on these significant drilling results within the known VMS zone and the identification of new areas of semi-massive/stringer mineralization elsewhere within the Tonnancour Greenstone Belt, additional staking of 77 claims totalling 4,359 hectares was undertaken in 2011 immediately SW and NE of the original Tonnancour property to cover published aeromagnetic and electromagnetic anomalies situated along the inferred extensions of the Belt.
In 2012, Globex commissioned Terraquest Ltd to carry out detailed high resolution aeromagnetics and VLF EM surveys over ten (10) discrete and apparently not yet drill tested government input anomalies interpreted from published airborne magnetics and regional geology and thought to represent potential lateral stratigraphic extensions of the favorable felsic volcanic package associated with the high grade VMS mineralization typified to the east by the Josselin VMS occurrence. The airborne survey work was completed in October 2012, generating a total of 980 ln-km of survey data from ten separate grids flown at 50 metre line spacing and respectively in north-west, east-west or north-south flight directions depending on the indicated strike of the geologic formations. Imaging and interpretation of the processed data was made available to Globex at year-end 2012.
Exploration and Development
During the first Quarter of 2013, results of the 2012 airborne data were integrated with the historic exploration information for the ten previously selected areas to plan and prioritize the 2013 summer field investigation including prospecting, mapping, sampling and subsequent ground geophysics to determine whether viable VMS and possibly gold drill targets can be outlined and be tested in 2013 or during the winter of 2014, depending on ground access conditions.