Conway Paquin Bulk Samples TakenThese excellent results led the Company to realize a bulk sample on the Conway and Paquin veins in fiscal 2010. Conway obtained the following results from its first bulk sample: production of a 10,021-gram gold bar with a 34% gold content for a total of 3,434 grams of gold, with the balance in silver. This bar was produced from 1,635 tonnes of ore grading an average of 2.28 g/t, for a 93% recovery rate. The sale of the bar has enabled the Company to collect an amount of $154,400. The outcome of this first bulk sample has provide Conway with considerable information on the properties of the ore found on Conway Paquin, as well as on how to improve operating results for bulk sampling planned for the future.
The Company is also pleased with the gold recovery it obtained, which is a positive factor for future gold production. Work realized on the Conway Paquin Property in the first quarter of fiscal 2011 During this quarter, the Company carried out sampling and analysis work on the Conway and Paquin veins to test other methods of production. The cost of the work carried out on the property for the three-month period ended November 30, 2010 totalled $12,239 ($45,375 in 2009).
Conway owns 100% of the Conway Paquin property, which consists of 12 mining claims
covering an area of 174.7 hectares located in Guillet Township, in the Temiscamingue region in Quebec. The property lies approximately 1.5 km NNW of the Belleterre village, about 110 km SW of Vald’Or and 175 km southeast of Rouyn-Noranda. These claims lie west of the old Belleterre Mine, which produced 2.18 million tonnes at 10.73 g/t Au from 1936 to 1959.
Historical work
Previous exploration work in this area led to the discovery of three gold-bearing structures of interest: the Conway, Paquin and Andresen veins, the first two which returned significant gold and silver values. All these showings are hosted in mafic rock and are associated with shear zones and/or tuffs. The Conway, Andresen and Paquin veins consist of bluish-white quartz containing 2-5% sulphides (pyrrhotite, pyrite, chalcopyrite, sphalerite and galena) in massive and disseminated form and in veinlets similar to Vein 12 of the Belleterre Mine, the source of most of the mine’s production.
Exploration work carried out by Conway consisted of geological and geophysical surveys (induced polarization and magnetic), mechanical stripping, channel sampling and, since 2006, 90 drill holes were completed for a total of 7,067 metres, including 80 holes or 6,519 metres drilled between June 2007 and January 2008.
This drilling proved the continuity along strike and at depth of the Conway vein over more than 225 metres, the Paquin vein over more than 480 metres and the Andresen vein over 50 metres. These structures are opened laterally and traced to a vertical depth of 75 metres. The best values returned 33.74 g/t over 1.61 metres (CO-07-22) on the Conway vein, 18.96 g/t over 0.88 metres (PA-07-45) on the Paquin vein and 1.54 g/t
over 0,9 metres on the Andresen vein. At the beginning of 2009, three bulk samples totalizing 1,248 kg were taken from the Conway (525.7 kg), Paquin (436.4 kg) and Andresen veins (286.7 kg) and sent to COREM for mineralurgical tests on each vein. The final report dated April 15, 2009, gave the following grades: Conway Vein: 18.6 g/t Au and 69.4 g/t Ag; Paquin Vein: 20.0 g/t Au and 24.9 g/t Ag; and Andresen Vein: 0.8 g/t Au and 2.8 g/t Ag.
During this quarter, the Company carried out sampling and analysis work on the Conway and Paquin veins to test other methods of production. The cost of the work carried out on the property for the three-month period ended November 30, 2010 totalled $12,239 ($45,375 in 2009).