The Lac Villebon Gold project covers an area of approximately 1855 hectares on the western shore of Lac Villebon and the Project’s mineral claims are contiguous with the southern border of Alexandria Minerals’ Cadillac Break Property Group. The Project is 31 kilometers southeast of the historic Sigma and Lamaque Mines which are currently controlled by Integra Gold Corp. and produced ~ 9.1M oz Au*. The Lac Villebon Gold Project is also ~18km southeast of Agnico Eagle Mines Limited’s Akasaba West Mine, which was acquired from Alexandria Minerals Corporation in 2014 and hosts an indicated gold resource* of approximately 200,000 oz Au. Other active companies in the immediate area include Glencore (GLNCY), 1.5km to the south, and Monarques Gold Corporation (MQR-V) and Cartier Resources Inc. (ECR-V) to the northeast. The project is easily accessible year-round by the Trans-Canada Highway and is a 40-minute drive from the city of Val-d’Or.
*These estimates of gold production and resources are sourced from publicly available materials from other companies active in the Val’ d’Or Mining Camp and are not located on the Lac Villebon Property Aldever has not undertaken any independent investigation of the production/resource estimates nor has independently analyzed the publicly available results.
A total of 20 short holes were completed, producing a total of 16m of core. Assays returned multiple anomalous element values including 0.132 g/t Au over 0.65m and 36.7 g/t Ag over 0.56m. Assays from the 20 core samples ranged from trace to 0.132 g/t Au and averaged 0.003 g/t Au and from trace to 36.7 g/t Ag with a 1.815 g/t Ag average.
Table 1: Summary table of highlighted analytical results from the Phase 2 Drill program
Assays were performed by ALS CHEMEX Laboratories in Val d'Or, Quebec. Each sample was analyzed by standard Fire Assay with AA technique (Au-AA-24) on 50 gram samples and via multi-element analysis Inductively Coupled Plasma Emission Spectroscopy (ME-ICP-41).
Through geologic mapping and surface sampling, the Company has successfully identified a strongly silicified and locally graphitic shear zone, subparallel to the Cadillac Tectonic Zone (“CTZ”), dubbed the “JR-Zone” and which can be readily identified as both a magnetic and electromagnetic anomaly in ground VLF-EM/ Mag data. The intense pyrite-pyrrhotite-silicification, as well as other anomalous element values, found within the surface expression of the shear zone may indicate further mineralization at depth. The Company intends to conduct a full-scale diamond drilling (NQ core) program to test the depth extension of the JR-Zone.