Copper Cliff Extension
Quebec Chibougamau GoldFields
||Bateman Bay - Gold, Copper
McKenzie & Roy Townships, Quebec (NTS 32G/16)
The Bateman Bay (Au-Cu-Ag) mine & two former mining blocks, the former Jaculet Mine, constitute the present property of 15 mining claims totaling 353 hectares which are wholly owned by Chibougamau Independent Mines Inc., subject to a 3% gross metal royalty to Globex.
Mineral production records show a modest, sporadic production between 1968 to 1977 totaling approximately 25,000 t grading 1.8% Cu, 1.7 gpt Au and 15.7 gpt Ag derived mostly from the A-3 zone. For details of the exploration history spanning the period 1936 to 2006, the reader is referred to the summary table found in Globex’s 2011 Annual Information Form (AIF).
Numerous mineralized zones were intersected by surface drilling and from underground workings on the Bateman Bay property. Seven lenses have been identified, A1, A-2, main A-3, A-4, A-5, C-north & C south. These zones oriented roughly 110° are represented by intense alteration in sericite + chlorite. The mineralization is concentrated in lenses locally narrow but with a good lateral and vertical continuity. At Bateman Bay, the gold mineralization is found associated to pyrite with minor chalcopyrite. Pyrite is disseminated and also along stringers, it may represent 1.0% to 50% of the rock by volume and the gold does not appear to be directly correlated to the amount of pyrite. The copper (chalcopyrite) mineralization is uniform, but the gold values are more erratic.
The A-3 Zone, the main mineralized lens at Bateman Bay, extends laterally > 600 metres and vertically to 300 metres. This structure has been opened and mined on four levels.
Zone C, located 1.0 km NE of the “Zone A”, strikes N138°E and dips 55° to 65° SW. It has been drill tested to a depth of 200 meters and for a strike length of more than 1.0 kilometer. Zone C consists of two parallel branches traced underground for hundreds of metres on different levels. The mineralization consists of pyrite + chalcopyrite with some sections grading up to 1.66% Cu, 1.70 g/t Au/ 3.5 metres for a continuous length of 180 metres and appears to be strengthening with depth.
A non NI 43-101 compliant resource estimate by SIDAM Inc. dated May 26, 1992, is shown below:
The above resources are all historical in nature having been estimated prior to May 30th, 2003 (CIMM current and adopted guidelines). The company is not treating these historical estimates as current mineral resources as defined under NI 43-101.
Examination of the drill logs from the 1992 winter drilling campaign indicates gold values were intersected outside of the main copper zones where no systematic sampling was completed.
In 2007, an airborne magnetometer/AEM survey was flown by Globex as part of the initial evaluation process on the property following its acquisition in that same year.
Exploration and Development
In March, 2013, a geophysical grid was cut and 8 ln-km of wide array dipole-dipole IP with complimentary magnetometer/HEM coverage were completed to better geophysically trace the SE trending mineralized structures and the inadequately explored inferred NS gold structures extending SE from the Jaculet workings. Results of the geophysical survey work are currently being interpreted. This property and adjacent claims to the west (Jaculet Extension) represent a significant target for gold exploration drilling where the grade estimated within the previous historical resources is 4.4 g/t Au.