Monster Lake, Quebec
Partner: Option Agreement with Toma Gold Corporation.
The Project: Located 50 kilometres southwest of Chibougamau, Quebec.
Highlights: A winter drilling program ended in April 2016 with the completion of just over 8,100 metres from 21 diamond drill holes targeting the
Monster Lake Shear Zone (“MLSZ”), which is host to the 325-Megane zone.
Results reported included:
- 1.2 metres grading 20.16
- 0.7 metre grading 9.01 g/t Au and 5.5 metres grading 2.68 g/t Au
Drilling is interpreted to have intersected a new, second zone along the MLSZ structure in an area located 200 to 400 metres
to the north of the 325-Megane zone and requires additional drilling. Additionally, exploration
activities continued throughout the latter portion of the year and involved geological and structural mapping, limited trenching and
select geochemical surveys elsewhere on the property and in the immediate vicinity of the 325-Megane zone.
The accumulated drill results and mapping programs will guide the next diamond drilling program expected to continue in 2017 to
better define and extend the known mineralization along the MLSZ, with the objective to estimate an initial mineral resource during