Metals Australia Ltd (ASX: MLS) has identified a new discovery along strike of the historic “Felicie Prospect” while undertaking a field exploration and prospecting campaign at the 100%-owned Felicie Gold Project located in Quebec, Canada.
Metals Australia Director, Gino D’Anna, said The field programme was following reports of a historic surface rock grab sample collected from the “Felicie Prospect” which has returned an assay result of 5.54 g/t Au + 1.86% Cu + 4.94% Zn.
The expanded the field exploration at the Felicie Gold Project, discovered a new showing during a BeepMat electromagnetic survey. Limited excavation with the use of hand tools was undertaken which enabled the discovery of a semi-massive pyrite mineralised horizon several metres thick with chalcopyrite in a silicified amphibolite.
Excavation removed a layer of sediment and top soil revealing a subcropping mineralised horizon with a high composition of semi massive sulphides. The geologists believe that based on the structures which have been mapped on surface, this zone of mineralisation could be extensive.
The company is planning to re-visit this location with mechanized excavation equipment to better define the extent of the mineralised zone and to collect additional samples.
The Felicie Gold Project has always been a high priority project for the Company owing to its strategic location along strike of the Corvette Project which is currently being explored under a joint venture between 92 Resources and Osisko-Baie James and the Hyperion Discovery which is owned by Azimut-SOQUEM,” Mr D’Anna, said.
“The Felicie project was historically explored by Virginia Gold Mines with a number of high-grade rock samples collected at the project.
“This current exploration programme has not only allowed us to follow up those historic prospects with modern exploration techniques, we have also been able to define additional zones of mineralisation along strike where historical sampling was not conducted.
“We continue to map and prospect the many gold exploration targets that were identified. The identification of a newly discovered zone of mineralisation provides the company with encouragement that the gold mineralisation is not localized to specific sites. This is an important discovery as it proves the gold potential of the ground that we are currently exploring.
“The Felicie Gold Project represents a significant potentially high-grade under-explored gold project, located in the main branch of the Lac Guyer Greenstone Belt, a prolific greenstone belt located in Northern Quebec. Significant exploration is currently underway on neighbouring project areas and the Lac Gruyer Greenstone Belt has become a prominent gold, copper and base metal exploration region.”