Ralleau Copper-Zinc Project
Final NI 43-101 Technical Report - Ralleau Project
The RALLEAU Property is located within the Abitibi Greenstone Belt in Quebec. It covers a favorable area of Volcanogenic Massive Sulfide (VMS) mineralization approximately 20km southeast of the Breakwaters (TSX: BWR) Langlois mine hosting reserves and resources of 8.3 MT of 11%Zn, 0.8%Cu and 53 g/t Ag (Breakwater 2004 annual report). Previous surveys identified anomalous Cu-Zn VMS mineralization on the property. Input anomalies within the favorable felsic volcanic rocks are coincident with anomalous base metal values on surface. Chip sample results elsewhere in the region returned values up to 1.56% Cu, 17.2 g/t Ag over 14 meters.
The 2006 Drill program, which consisted of five diamond drill holes for a total of 1,545.7 metres, resulted in discovery of significant intersection of a massive Sulfide environment.
Drilling tested coincident Magnetic, DeepEM conductors and favorable geology. Dr. Mathieu Pichè, Ph. D, Geo. an independent qualified person, completed the core logging and sampling as well as the assessment report. All EM conductors are explained; while no economic Au, Ag, Cu or Zn mineralization was found in the assayed samples, local anomalous values correspond to the geochemical alteration. Geochemical data was used by Dr. Pichè to characterize the rock types as well as their alteration type and intensity.
The whole rock analyses show Na2O depletion in the footwall. Several samples have strong K2O enrichment within the hanging wall, which is typically seen associated with many Abitibi VMS Deposits. In addition, DDH MAR-06-01 crossed a significant zone of sericitized rhyolite, also considered a key element in VMS exploration. The company has therefore added a total of 17 claims to the east of this hole where the strong sericite alteration potentially intensifies. Dr. Pichè states that The Ralleau Property rocks could therefore have been affected by carbonate, K feldspar and sericite minerals dominated alterations. Such alterations affecting intermediate to felsic calc-alkaline volcanic rocks is found in the host rocks of the Selbaie VMS to epithermal base metals deposit of Quebec, northwestern portion of the Abitibi Greenstone Belt (Pichè, in press.). It is also a major feature of Mattabi type VMS deposits (Morton and Franklin, 1987).
The company has acquired 17 new mineral claims contiguous to its 100% owned RALLEAU property located 40 km east of Quevillon, Quebec. The 2006 diamond drilling program intersected disseminated, stringer and thin massive sulphide mineralization over metric widths. Coring of sulphide mineralization and the identification of a new volcanogenic massive sulphide (VMS) alteration package prompted the company to stake additional claims to the east.
The Board of Directors has approved an additional $250,000 budget for 2007 in order to expand exploration efforts over the new property limits. The program will include geophysics, mapping and additional diamond drilling.