ALLARD PROPERTY (Au, Ag)

Location:
175 km north of Amos (Abitibi, Quebec) in the Desmazures Township.

Access:
Accessible throughout the winter, but difficult in summer.

Land:
76 mining claims covering 1216 ha.

Interests:
Cancor holds a 51% interest and Teck Cominco holds the remaining 49%.

Previous Work:
Beginning in the late 1950’s various companies conducted aerial and ground geophysical surveys as well as drilling 76 reverse circulation drill holes and 37 diamond drill holes. In total 6900 meters were drilled. Cancor has explored the central portion of the property with IP and magnetic surveys.

Geology:
The Allard property is located inside the Harricana-Turgeon belt, south of the Casa-Berardi fault, a major regional geological feature with associated known gold mineralization and deposits. It is underlain by a narrow band of clastic sedimentary rocks belonging to the Taïbi Group. The band is squeezed between mafic volcanic lavas to the north and an assemblage of mafic pyroclastic and volcanic rocks with graphitic horizon to the south. An iron formation occurs at its northern limit with the northern mafic volcanic rocks.

Mineralizations and potential:
High gold concentrations were found at two locations, Zone A and Zone C, within an altered shear zone rich in quartz and weakly mineralized in sulphides. This 10- to 15-m thick shear zone is located midway between an iron formation and a graphitic zone. It extends for more than 8.5 km on the property and extends toward the southeast on the neighbouring property, where an intersection of 4.1 m at 3.6 g/t Au were cut in a drill hole located 400 m from the eastern boundary of the property.

Zone A extends over 1400m. Drill hole testing has yielded 1.53 g/t Au over 2.0 m and 1.08 g/t Au over 2.0 m.
Zone C extends over 1200 m. Drill hole testing has yielded 2.0 g/t Au over 4.0 m and 6.69 g/t Au over 1.0 m.

The geological environment and the nature of the gold mineralization on the Allard property show strong similarities with the Casa-Berardi Gold Mine of Aurizon Mines Ltd., which is located further west.

Allard property - Geology