9 deposits on (or within 2 km) of AZX`s CB land packageAlexandria has identified 20 additional high priority targets (plus some secondary targets) on its Cadillac Break land package - to be tested.
The Cadillac Break has a tremendous history of hosting very deep (rich) mines. For example, Agnico`s Laronde Mine (10+ million gold ounces that goes down to 3,000+ metres depth) and Placer Dome / Teck Resources neighbouring mines of Sigma and Lamaque (combined past production of 10+ million gold ounces that goes down to 2,000+ metres).
The Akasaba 43-101 report states that Alexandria`s Cadillac Break property was only drilled down to 150m (drill length, not even vertical depth), on average. This is hardly enough to eliminate underground areas on the property. For example, we know that Agnico`s main zone at its Lapa Mine doesn`t start until 450 - 500m below surface.
If we add all of this info together with the fact that
9 deposits (5 current resource deposits and 4 past producers) have been found on or within 2 km of Alexandria`s of Cadillac Break land package, we get an excellent environment to realize future exploration successes.
The 9 deposits:
1) Past producer,
East Sullivan Mine =
16.5 million tonnes @ 1.02% copper, .69% zinc 10.46 g/t silver and .33 g/t gold. It was a polymetallic / VMS (Cu, Zn, Ag, Au) depsosit.
2) Louvicourt Goldfields Mine - ``formerly producing world-class Louvicourt Mine, a VMS deposit, which produced 15.9 million tonnes of sulfide ore, grading 3.36% Cu, 1.66% Zn, 0.9 g/t Au and 26.75 g/t Ag``.
3) Past producer,
Mid-Canada Mine =
78K tonnes @ .21% copper, 7.11 g/t gold, still open at depth. Potential for still being open at depth.
4) Past producer, Sigma 2 - Placer Dome produced about 175K gold (open pit) ounces in the 90`s. Sigma 2 is still open at depth (Integra Gold now owns the rights). Sigma 2 is located along the same mineralized sill as Sleepy - called the Vicour Sill.
5) Integra Gold`s
Triangle Zone - by far Integra`s best zone. It will likely end up hosting over
one million ounces of gold.
6) Agnico`s
West Zone - 800K to
one million ounces (Au Eq). Official 43-101 was around 800K Au Eq ounces, but Alexandria had drilled a number of positive drill holes (mainly at depth) subsequent to the calculation. Agnico will have to decide how many of the additional ounces they want to mine - likely will depend on the gold price at the time.
7)
Orenada - currently 750K Au ounces, but could come in around the 800 - 900K with the upcoming update. Strong potential to go over
one million ounces of gold eventually.
8)
Akasaba Main - currently
550K Au ounces. There is still mid-term potential to expand further in the general area of Akssaba. As a side note, the new Kettle Zone was a flop in 2014. However, it provided us with some interesting info with regards to presence of VMS geology in the area. This into could be useful in tracking down a VMS deposit, given the history of 2 strong VMS/polymetallic deposits (Louvicourt and East Sullivan) already discovered in the area. A third could be sitting somewhere on Alexandria`s property. From the Feb. 17`15 NR: ``The geology encountered in the drill holes is consistent with a Volcanogenic Massive Sulfide (“VMS”) environment: namely, interbedded felsic tuffs and lapilli tuff, chert, black shale, widespread pyrite and pyrrhotite with local sphalerite, and, notably, a 0.8 meter wide layer of massive pyrrhotite, all along strike with the hanging wall dacite of the Akasaba Mine. Some of the assays received include: 0.5g/t Au / 0.7m in DDH IAX-14-257 and 2.31g/t Au and 0.11% Zn over 1.1m and 0.58g/t Au over 1m in DDH IAX-14-258.``
9)
Sleepy - currently about
300K gold ounces.
This map below is a bit old (i.e. it has Sleepy at 150K ounces instead of 300K), but is still good for finding most of the above (discussed) deposits.
Triangle Zone is not labeled but is located just above of our Airport property on the far left.
Mid-Canada Mine is located just above Orenada.
East Sullivan Mine is located above Mid-Canada and Orenada.
Louvicourt Mine is located directly above Akasaba.
You can find Sigma 2 to the left of Sleepy.
West Zone is of course to the left of Akasaba Main.
Image:
Link:
https://d1w116sruyx1mf.cloudfront.net/ee-assets/channels/sp_default/Casey-Research---Corporate-Profile---Map---Land-Claims4.jpg