Tiblemont-Tavernier Property - Gold, Polymetallic
Property Description and Location
The Tavernier-Tiblemont property consists of 118 claims totaling 6,350 hectares extending east west across 18 km and straddling the aforementioned township boundaries. The property is located 16 km east of Highway 113, which joins Senneterre (25 km to the north) with Val d’Or (45 km to the west-southwest). Land access is via gravel logging roads and secondary dirt roads originating from Senneterre. Geophysical grids can be reached by ATV trails which connect with the aforementioned forestry roads. Topography in the area is subdued to gently rolling with local relief of no more than 25 metres. Vegetation is boreal forest with local stands of black spruce and poplar and large expanses of muskeg swamp dominate the central and eastern portion of the property which render ground access challenging both summer and winter.
This property is wholly owned by Globex and is not subject to royalties or agreements except for a 13 claim internal block in the centre of the property which is subject to a 2.5% Gross Metal Royalty to Adventure Gold Inc.
Exploration dates back to the late 1960’s when Anaconda outlined a zone of precious metal bearing volcanogenic disseminated and stringer sulphide mineralization referred to as the Anaconda zone located by follow up drilling of airborne/ground geophysical anomalies. Assessment records for core assays are incomplete. Records suggest the best single base metal assay of massive sulphides graded 4.03% Cu, 9.13% Zn, 585.7 gpt Ag and 26.4 gpt Au/ 0.3m (hole 615). Gold/silver sulphide intercepts include 1.4 gpt Au, 86 gpt Ag/ 3m and 1.4 gpt Au, 10 gpt Ag/ 1.5m and elsewhere, near the east shore of St. Vincent Lake, an historic sulphide gold intercept of 27.0 gpt Au/ 0.62m (hole 614) in the same area where a boulder of black chlorite with chalcopyrite stringers is also reported to have been found. Lynx-Canada Explorations Ltd conducted systematic exploration work on the property in the early 1980’s. Blanket ground magnetometer/VLF surveys at 120 metre line spacing, extended 15 km from Lake Des Pins in the West, to Lake Tavernier in the East, were also completed. Follow up humus and basal till sampling were done over selected magnetic/VLF anomalies and subsequently investigated with IP and HEM geophysical coverage over the highest priority anomalies for drill target selection. The drilling which followed, led to the discovery of the precious metal bearing Lynx volcanogenic stringer sulphide zone (2.6 gpt Au, 48.4 gpt Ag, 0.7% Zn/7.3m; 1.0 gpt Au, 14.2 gpt Ag, 0.2% Zn/ 2.9m; 1.3 gpt Au, 75.8 gpt Ag/4.9m; 2.1 gpt Au,1.2% Zn/0.95m; 1.4 gpt Au, 48.8 gpt Ag/3.3m and 7.2 gpt Au, 70.6 gpt Ag, 1.3% Zn/ 0.4m ) located 1.5 km east-north east of the Anaconda zone, on a separate time horizon.
Further exploration work by a number of junior companies during the mid and late 1980’s including Resource Onyx, Exploration Omega and Exploration Oz failed to encounter any significant base or precious metal mineralization in their drilling.
In 1990, Teck Exploration Ltd drilled eight holes totaling approximately 1,200 metres, testing primarily the area in the vicinity of the Lynx stringer Zone and the Anaconda sulphide Zone. Drilling was guided by the location of historic drilling and geophysical results from Teck’s surface and down hole EM surveys. This work led to the discovery of the “Central Zone”, a small stringer zone of Py/Po & Sp located between the Anaconda and Lynx Zones, all of which together define a general east to south-east trending area approximately 1.5 km in length which encompass several, likely distinct and structurally affected volcanic hosted sulphide mineralized zones.
The western portion of the property is underlain by the large syntectonic Pascalis–Tiblemont granodiorite Batholith which hosts numerous quartz lode gold showings and historic exploration. In the late 1980’s junior company Maufort Resources Inc completed a considerable amount of shallow exploring drilling in five principal locations (Main Zone, Zones 14, 15, 16, & 19) which are developed along a 2.5 km long NNE trending corridor of deformation within the intrusion east of Fish Lake as well as in another gold zone within another major structure 2 km east of the former referred to as the Pine Lake occurrence. A total of 76 holes were completed and served as the basis for the reported, non 43-101 compliant, respective historic resources of 87,000 t grading 5.8 gpt Au for the Main Zone and 6,670 t at 16.8 gpt Au and 1,260 t at 33.7 gpt Au for the Pine Lake zones. These historic resources should not be relied upon and they have not been verified to determine their relevance or reliability. Of the 45 drill holes within the Main Zone (drilled to a vertical depth of 125 metres), 23 of the holes contained visible gold. The better gold intercepts from this zone returned: 15.8 gpt Au/ 3.0m, 5.9 gpt Au/ 7.5m, 3.8 gpt Au/ 5.9m, 5.3 gpt Au/ 9.5m and 3.5 gpt Au/ 7.5m.
Geological Setting and Mineralization
The reader is referred to the 2011 Annual Information Form for further details regarding the regional and local geologic settings of the project area as well as more detailed descriptions of the mineralization reported from the historic work.
The majority of the claims in Tavernier Township were acquired by staking by Globex in 2005 and the land position was expanded during 2010, 2011 and 2012 into Tiblemont Township to constitute the holdings as previously described. In 2005, Globex commissioned a 311 ln-km helicopter-borne magnetic/electromagnetic survey at 100 metre line spacing, over the Tavernier (Eastern) portion of the property.
During the period 2009 to 2011, Globex carried out prospecting/mapping and systematic IP coverage totaling 191 ln-km which included both frequency domain survey work (east end of claims) and continued with wide array time domain IP in the central portion of the property. Selective ground magnetic and horizontal loop EM survey work in areas of known VMS mineralization was also included to compliment the large ground survey database.
In 2012, an overall compilation and re-interpretation of the historic geological and geophysical data was completed by Globex. In October, a total of 551 ln-km of close spaced, high-resolution aeromagnetics/ VLF surveying (in two blocks with different flight directions) were completed by contractor Terraquest Ltd over the central and western portions of the property to compliment the airborne coverage from Globex’s 2005 eastern airborne survey. These data assisted in the selection and prioritization of an initial eight drill targets, which were inspected in the field for outcrop exposure. Although the drill program was not undertaken in that year, the aforementioned sites were permitted prior to year end 2012. Detailed mapping and sampling of a number of the gold zones (Maufort Zones, Pine Lake, Realore Zones and others) were carried out by Globex during the summer, confirming the gold mineralization where the best of 27 grab samples returned respectively 13.5 gpt Au; 4.9 gpt Au, 0.14% Cu (Realore showing) and 13.3 gpt Au; 36.4 gpt Au, 14 gpt Ag (Pine Lake) while gathering firsthand information on the style of vein systems associated with these historic showings.
Exploration and Development
In January, 2013, the residual in-fill ground geophysics (magnetic & electromagnetic surveys) over Lake St. Vincent were completed and the interpretation/final imaging of Terraquest’s airborne magnetic and VLF information (completed by senior consulting geophysicist) integrated with the ground geophysical results to enable Globex to propose an initial drill program including 1,000m in three (3) holes related to polymetallic, gold bearing VMS targets and 2,950m in twelve (12) holes related to orogenic quartz lode targets for a total of approximately 3,950m of drilling in fifteen (15) drill holes.
The diamond drill program was carried out between August 26 and September 23, 2013 and included three (3) holes testing VMS targets totaling 1,182 metres and nine(9) holes testing gold targets totaling 2,808 metres of drilling for a program total of twelve (12) holes and 3,990 metres of drilling. Four of the originally planned holes were not completed owing to budgetary priorities elsewhere at the time. All drill tested geophysical responses associated with the VMS targets were adequately explained by the presence of conductive barren sulphides or graphite such that no significant base or precious metal mineralization was identified in the VMs sector. In contrast, interesting gold intercepts were generated in drilling the mineralized NNE trending Maufort Megashear in the western portion of the property, where Globex’s wide spaced (100-150 metre) drilling in this mineralized granodiorite hosting auriferous quartz veins in shear structures, returned from South to North along a minimum 300m strike length, the following gold intercepts: 23.6 gpt Au/ 1.0m (hole TIB-13-11); 9.7 gpt Au/ 1.0m, 4.29 gpt Au/ 1.0m (hole TIB-13-3); 2.46 gpt Au/1.0m, 19.6 gpt Au/ 1.5m, 3.9 gpt Au/ 1.0m (hole TIB-13-12) and an undercut on the latter hole which returned a substantial 4.78 gpt Au/ 8.8m including 6.15 gpt Au/ 4.3m (hole TIB-13-13). This latest, wide gold intercept occurring at a vertical depth of 225m, constitutes the deepest drill test to date and remains fully open to depth and along strike in both directions within this gold zone.
Exploration work in 2014 will focus primarily on completing the balance of the original 2013 drill program as well as proving infill drilling in the aforementioned sector with the aim of testing for lateral and vertical continuity and enhanced widths to the gold mineralization outlined to date. Integration of the airborne geophysical results with the growing geological database is ongoing and will serve to define more attractive gold targets in 2014.
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