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KISTABICHE PROPERTY (Cu, Zn, Au, Ag)
Location:
135 km north of Amos (Abitibi, Quebec) in the Joutel and Poirier Townships.
Access: Accessible by road in all seasons.
Land: 98 mining claims and Mining Concession 525 covering 3116 ha, all in good standing
Interests:
Cancor and SOQUEM are joint venture partners with Cancor controlling a 72% interest and SOQUEM the remaining 28%.
Previous Work:
Between 1963-66 Consolidated Northern Exploration Ltd discovered a zinc deposit, currently known as Explo-Zinc, sank a 389-metre shaft and excavated 1,630 meters of galleries on 3 levels. The company also drilled 195 underground holes totalling 23,369 meters to explore several zinc-rich lenses of volcanogenic massive sulphides.
Beginning in 1975 extensive work has been carried out by Explo-Zinc Inc.(1975-1987), Vent D’Or Exploration Inc.(1987-1988), Noranda Explorations Ltd. (1991-1994), Cambior Inc. (1994-1995), Soquem (1998-2001) and Cancor (2001-). Exploration work includes geological surveys with some trenching and lithogeochemical study, ground and airborne geophysiscal surveys including an airborne Megatem survey, IP surveys, InfiniTEM surveys and Titan-24 surveys on selective areas and several drill holes.
Beginning in 2001 Cancor has drilled 27 holes totalling 15,224 meters. Three of these holes were drilled on the Explo-Zinc deposit to prepare a representative sample for metallurgical tests and to obtain confirmation of grades for a new calculation of mineral resources in conformity with NI 43-101. SNC-Lavalin proceeded with a detailed economic evaluation of the deposit.
Geology
The Kistabiche property covers a large portion of felsic volcanic rocks in the Joutel Volcanic Complex, east of the Mistaouac tonalitic pluton in the Archean greenstone belt of the Abitibi Subprovince. These felsic rocks belong mainly to the Poirier Member of the Joutel Formation of the Joutel-Raymond Group. Pillow mafic volcanites of the Vanier-Dalet-Poirier Group overlie them to the SE. Gabbro masses, sills and dykes of variable dimensions and Proterozoic diabase dykes intersect these felsic rocks.
Structurally, the felsic volcanites appear to be grouped around and within a caldera measuring 4 to 5 kilometers in diameter and crossed by an orthogonal network of synvolcanic faults trending NE-SW and NW-SE. The polymetallic massive sulphide deposits belonging to Poirier Mines, Joutel Copper, and Explo-Zinc are all located on the rim of this caldera.
Results
The majority of holes drilled by Cancor intersected narrow chloritite horizons which are mineralized with sulphides such as pyrite, sphalerite and chalcopyrite. These chlorite-rich zones are interpreted as channelways for the hydrothermal mineralizing fluids that generally accompany the emplacement of massive sulphide bodies. The most promising horizons were cut in hole KIST-06-16 on the extension of the Jelex zone that intersected 2.3 meters running 0.62% Zn and 9.21 g/t Ag in chloritised rhyolitic rocks and in hole KIST-06-15 that cut strongly chloritised felsic rocks with minor sphalerite in an area considered to be the extension of the Explo-Zinc deposit west of a major fault.
In 2008, a Titan-24 survey conducted by Quantec Geoscience Ltd detected fourteen anomalous zones. Eleven zones were classified as high priority targets. Quantec recommended that Cancor conduct a drilling program to verify their findings. According to Quantec the anomalies are “interpreted as representing potential sulphide mineralization and/or alteration zones at depth”. The depth of the anomalies range between 300 and 825 meters below surface.
Mineral resources and economic evaluation
Measured and indicated mineral resources for the Explo-Zinc deposit have been calculated at 587,961 tonnes grading 7.63% Zn and 0.35% Cu using a cutting factor of 3% Zn equivalent in five lenses located near the shaft and existing drifts. In addition, inferred mineral resources of 273,485 tonnes grading 0.21% Cu and 6.64% Zn. The above mentioned figures are 43-101 compliant and were calculated by Paul Girard, Eng, Ph.D.
Conclusions
The potential discovery of massive sulphides exists approximately 300 meters below surface as indicated by the Titan-24 survey. Cancor is continuing on-going exploration of the property.
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Geology of the Joutel area |
