James Bay, Québec
Eastmain Resources: 36.7%
Azimut Exploration: 26.6%
Distance from Goldcorp’s Éléonore Mine
Approximately 5 km from the Éléonore Mine, Adjacent to the SE border of the Éléonore Property
Éléonore South, an exploration-stage project, lies in the Opinaca geologic sub-province of James Bay, Québec immediately south of and contiguous with Goldcorp's Éléonore property, which hosts the multi-million-ounce Roberto gold deposit. The Éléonore South property is also located immediately west of, and is contiguous to, Sirios Resources’ Cheechoo discovery.
Jointly held by Eastmain (36.72%), Azimut Exploration Inc. (26.57%), and a wholly-owned subsidiary of Goldcorp (36.71%), the property consists of 282 mining claims covering 147 square kilometres of prospective land, contiguous with and underlain by the same rock formations as those found on Goldcorp’s mine property. Éléonore mine geology is interpreted to extend on to the Éléonore South property. The property covers a very large area, with very little rock exposure and no record of exploration prior to the first phase of work which started in, but has seen very limited activity until 2016.
Subsequent drilling conducted by the company delineated a kilometre-long, stacked horizon of metamorphosed sediments and intrusive rocks, similar to those found at Éléonore, containing anomalous gold, arsenic and antimony mineralization, the signature metal suite at Éléonore. Potential quantity and grade is conceptual in nature. There has been insufficient exploration to define a mineral resource at this target.
In mid-2016, Sirios intersected 4.18 g/t gold over a 20-metre interval within a tonalitic intrusion near the contact with surrounding metasediments. The Sirios discovery occurs approximately 200 metres from the Éléonore South property boundary. This tonalite body extends onto the Éléonore South property, outcropping immediately east of the JT Zone. Approximately one kilometre southeast of JT an elevated gold-arsenic soil geochemical anomaly has been interpreted as an extension of the tonalite body, which has never been drill tested. In light of recent drill results on the immediately adjacent property, additional exploration is warranted on the eastern portion of the Éléonore South property.