UPDATED : MARCH 1^th 2018

PROJECT

Fenton

STATUS

Exploration drilling to delimit extensions of the Fenton Gold Deposit

COMMODITIES

Au

LOCATION

Chapais, Québec (Figure 1)
Guercheville Township
Mapsheet SNRC 32G11
Latitude: 49° 31′ N
Longitude: 75° 22′ O

CLAIMS

The property consists of 15 contiguous cells (Figure 2) covering an area of 503 hectares.

OWNERSHIP

SOQUEM INC. currently holds a 50% interest and Cartier Resources Inc. holds also 50% interest.

ROYALTIES

No royalty on the property.

KEY POINTS

A historical estimate reports 426,173 tons grading 4.66 g/t Au corresponding to 63,885 oz Au of wich 23,643 oz Au are located in the first 50 m below the surface. This estimate was made in 2000 by M. Denis Chenard, Eng. Datac Geo-Conseil Enrg on behalf of Boreal Exploration from 73 holes drilled on the three main areas of the Fenton Gold Deposit. This calculation was performed with a lower cut-off grade of 2.0 g/t Au and true minimum thickness of 1.0 m.

The qualified person has not done sufficient work to classify the resources covered by the estimate as current mineral resources to date. The Issuer does not consider the resources covered by the estimate as current mineral resources to date. The scientific and/or technical information presented in this document has been reviewed and approved by Mr. Gaétan Lavallière, P. Geo, Ph. D., Vice-President for Cartier Resources Inc. Mr. Lavallière is a qualified person as defined by National Instrument 43-101.

The mineralisation expansion potential remains open at depth and along strike (Figures 3, 4 et 3D Model).

UPDATED : SEPTEMBER 9^th 2016

PROJECT CHARACTERISTICS

• The Fenton Gold Deposit has been tested down to 100 m below surface but minor testing below this depth (Figures 3, 4 et 3D Model) ;
• The Fenton Gold Deposit consists of a mineralized envelop over 350 m long within highly magnetic unit striking NNW-SSE ;
• The mineralization is comprised of traces to 30% pyrite-pyrrhotite with chalcopyrite concentration associated with gold (Pictures 7 et 8). Silica-sericite-carbonate alteration zone are observed (Pictures 1 and 2) ;
• Gold is intimately associated with the sulphides (Best Results Table) ;
• The Fenton Deposit is composed of 5 closely spaced tubular gold-bearing zones (3D Model) ;
• To date, 106 drill holes were completed on the Fenton Gold Deposit for a total of 16,453 m (3D Model).

HISTORIC WORK

1948

Discovery of Fenton Gold Deposit by Consolidated Mining and Smelting Corporation ;

1949

Geology survey by American Metal of Canada-Cominco-Kennex Ltd ;

1949-1959

Various geology, magnetometer and electromagnetic surveys and 22 drill holes by Cominco ;

1956-1957

Prospecting, geology and electromagnetic surveys by Mid-Chibougamau Mines Ltd ;

1958

Magnetometer and electromagnetic surveys by Bordulac Miners and American Metal of Canada ;

1959

Magnetometer survey and 10 drill holes by Lindhurst Mines ;

1959

Magnetometer survey by Consolidated Mining and Smelting Corporation ;

1966-1968

Geology survey and trenching by Rock City Explorations;

1975

Electromagnetic survey by Beach Gold Mine;

1980-1983

SDBJ completes 309 km linecutting, 322 km magnetometer surveying, 308 km VLF survey, an Input survey, 29,000 m of Deep-EM surveying, 13,000 m Pulse-EM surveying, mapping, trenching, geochemical surveying and 93 drill holes ;

1986-1988

22 km of magnetometer and VLF surveying, 17 km IP survey, mapping, trenching, geochemistry and 25 drill holes by Exploration Aster ;

1991

Exploration Cache options property from SDBJ ;

1992-1993

Westminer Canada completes mapping, 17 km IP survey and 6 drill holes ;

1994

Exploration Cache completes 70 km linecutting, 38 km magnetometer and VLF surveys, 23 km IP survey, mapping and 19 drill holes ;

1995

Magnetometer and electromagnetic surveys, till survey by MRNF;

1998

Exploration Boréale options property to the SDBJ ;

1998-1999

Exploration Boréale conducts prospecting, mapping, surveying, trenching and 31 drill holes ;

2000

Inhouse mineral inventory completed by Datac Conseil Enrg for Exploration Boréale that becomes TGW Corporation Inc. then GlobeStar Mining Corporation ;

2001

GlobeStar Mining Corporation options project to Sudbury Contact Mines Ltd ;

2003

SDBJ does not renew claims, SOQUEM INC. stakes property.

OTHER WORK COMPLETED

2008

Max-Min survey of 5,9 km ;

2009

Compilation of diamond drill data (214 drill holes totalling 30,660 m), resampling of 1,399 m of drill holes, reinterpretation of 232 km of IP surveys, trenching, 567 m of channel sampling, Mag-EM airborne survey ;

2010

Prospecting of 25 km of IP survey, prospecting of 4.5 km EM anomaly axis, 280 grab samples ;

2011

63 trenches for a total area of 6,815 km2 of outcrop, 519 m of channel sampling with 686 samples, 110 km linecutting, 94.2 km IP survey, prospecting 77 grab samples;

2012

In March 2012, option of the property by Cartier Resources Inc.;

2012

In July, 2012, 12 drill holes totaling 3,013 m;

2014

In september, option agreement amended.

ACCESS TO THE PROPERTY

The Fenton property is situated 50 km south-west of the town of Chapais and 60 km from the Bachelor Mine in Desmaraisville (Figure 1). Three access routes converge onto the property; the Kruger road whose branch stems out at kilometer post 317 from 113 road, the lac Caven road whose branch stems less than 1 km west of the town of Chapais and route 3000 Barrette-Chapais road sawmill situated east of Chapais. These lumber industry access roads are good quality and traverse the property.

GEOLOGICAL SETTING

The Fenton property is located in the northern volcanic zone of the Abitibi sub-province. Geology is characterized by basalt flows intercalated and locally domed with small felsic centers. The base of the stratigraphy is comprised of tholeitic flows of the Obatogamau Formation often intruded with gabbroic sills. There is a minor component of rhyodacites other pyroclastic units of intermediate to felsic composition of Wachigabau member. The property is situated several kilometers south of the Opawica-Guercheville deformation corridor which hosts amongst others the Mariposite and Philibert gold deposits as well as the Joe Mann closed mine further east.

Gold enrichment at the Fenton Gold Deposit is correlated with pyrite-pyrrhotite mineralization (Pictures 1 and 2), secondary chalcopyrite, associated with silica-sericite-carbonate alteration zones within sheared and pillowed basalts.

The mineralized envelop that comprises the Fenton Gold Deposit is signatured by a strong induced polarization anomaly coincident with a magnetic high. The deposit lies within a highly magnetic striking NNW-SSE.

EXPLORATION WORK

Drill the deep and lateral extensions of the Fenton Gold Deposit (Figures 3, 4 et 3D Model).

Main results

• MEILLEURS RÉSULTATS Download
• Figure 1 - Property Location Download
• Figure 2 - Claims Map Download
• Figure 3 - Targets Area Download
• Figure 4 - Longitudinal Section - Gold Zone Thickness Download
• Picture 1 - Fenton Gold Deposit Trench Download
• Picture 2 - Fenton Mineralization Download
• Picture 3 - Fenton Mineralization Download
• Picture 4 - Fenton Mineralization Download
• Picture 5 - Fenton Mineralization Download
• Picture 6 - Fenton Mineralization Download
• Picture 7 - Fenton Mineralization Download
• Picture 8 - Fenton Gold Distribution Download
• 2 Nov. 2017 Communiqué Fenton Download
• Fenton Drill hole 17-13 Presse release 31Jv18 Download
• Juin 2018 Communiqué Fenton Download

Externals documents

• 3D Model See