Eau Jaune Lake Property - Gold
Rale Township, Quebec (32G/10)
Updated June 2016
Property & Ownership
The Eau Jaune Lake property is owned 100% by Globex Mining Enterprises Inc. The property consists of 26 claims, 19 claims in Rale Township and 7 claims in Brongniart Township in the Baie James region totalling 1,450 ha.
The middle of the property is located approximately 20km south east of Chapais, Baie James, Quebec.
In 1936, Noranda and McKay discovered a copper and nickel showing on an island on the Lac à l'Eau Jaune. One trench returned 1.29% Cu and 0.11% Ni and grab samples returned 1.37% Cu; 0.28% Ni and 2.20% Cu; 0.01% Ni. After this discovery more work (drilling and geophysical survey) were done in the area.
In 1949, a Noranda drill program intercepted sulfide mineralization ranging from disseminated to massive pyrrhotite and pyrite with chalcopyrite and sphalerite. The semi-massive and massive horizons can range up to 2.25 m in thickness.
The most important exploration was done during the 1970's after the publication by the government of the first airborne INPUT survey, which generated a lot of targets in the region. Drilling and geophysical ground surveys were executed to test and explain the INPUT anomalies.
Drills holes carried out between 1978 and 1988 by UMEX, S.E.R.E.M Limited and Lacana Mining Corporation intersected felsic to intermediate tuff with interbeds of shale and chert. The tuff unit contained a mineralized zone in pyrrhotite (5 to 30%), pyrite (2 to 15%), chalcopyrite (tr. to 10%) and sphalerite (nil to 5%) over 0.3 to 4.0 m. Some anomalous low values in copper and zinc were returned. The best results are 0.14% Cu over 1.2 m (80-SA-1) and 0.24% Cu over 0.44 m (80-SA-7), 0.20% Zn over 0.73 m (80-SA-3) and 0.39% Zn; 0.21% Cu over 0.13 m (EJ1).
The discovery of gold mineralisation to the south, close to Monster Lake also led to more work in the region.
In 2013 the property acquired 9 claims. In February 2013, G L Geoservices and Rémy Bélanger Géophysiques executed magnetic, electromagnetic and induced polarised (I.P.) surveys for Globex. During the summer, sampling and mapping were completed. During the fall 2013 Globex expanded the property to the north with 17 claims.
In February 2014, the Company drilled 2 holes totalling 804 m to test I.P. anomaly. At the same time, Rémy Bélanger Geophysique executed I.P. survey for Globex north of the 2013 survey on the new claims. The hole LEJ-14-01 returned 0.685 gpt Au over 1.5 m in a Feldspar Porphyry dyke, 0.104 gpt Au and 0.49% Cu over 2.4 m in a contact between a mineralized laminated chert and silicified and mineralized mafic flow. The new I.P. survey generated 9 anomalous zones (targets).
In July and September 2014, mapping and sampling was done to verify the new anomalous zone in the field. A horizon located close to an anomaly I.P. returned three grab samples of 650 ppm Cu and 1,325 ppm Zn, 136 ppm Zn, and 315 ppm Zn, in silicified mafic flow and felsic tuff.
The property is located in the north east part of the greenstone belt of the Abitibi Subprovince, in the Chibougamau-Chapais area. The region was affected by 3 episodes of deformation to the Archean during the Kenoran orogeny and 1 late episode during the Grenville orogeny. The principal schistosity is east-west and becomes north-east close to the Grenville Front. The metamorphism is greenschist facies but close to the Grenville front or intrusions can increase to amphibolite facies.
The Chibougamau area hosted several gold and polymetallic mines. For example, the old Lemoine Mine was a gold volanogenic massive sulphide deposit which produced 29,932 t of copper, 55,869 t of zinc and 96,615 oz of gold (between 1975 and 1983). In 2001, the cumulative production of the Joe Mann Mine, located 22 km south east of the property, was 4,289,221 t at 7.56 gpt Au and 0.23 % Cu from reserves of 1,525,838 tonnes at 11.0 gpt Au, 0.28% Cu and 4.59 gpt Ag (sources: MRN, DV-2001-01). The Chevrier zone is located at 12 km east of the property and hosts gold mineralisation in quartz-carbonate veins. In 2010 Met-Chem completed an estimate of mineral resources for Tawsho Mining Inc. which identified inferred resources of 4.6 million t at 1.99 gpt Au (NI 43-101, MET-CHEM, Tawsho Mining Inc. Sedar filing May 2010).
The rocks on the property are part of the Obatogamau and Gilman formations in the Roy Group. The south-west is occupied by the Eau Jaune intrusive complex. Some NNE-SSW faults cross the property. Zones of shear and strong schistosity with disseminated sulphide are present.
Three types of mineralization are reported on the property and around.
Mineralization with semi-massive to massive sulfides (Po-Py-Cp-Sp) in tuff.
Nickel-Copper mineralization in gabbro /diorite.
Gold mineralization associated with smoky quartz veins and shear zones.
In 1949, Noranda discovered by drilling some semi-massive to massive sulfides zones up to 2.25.m in true width, but no analysis were reported. The NNE oriented drilling intersected a NNE trending felsic to intermediate tuff unit with sulfide mineralization. Hole 80-SA-3 returned 0.20% Zn and 0.04% Cu over 0.73 m. The NNE trend extends towards the mineralized outcrop discovered by Globex in July 2014 where values of 650 ppm Cu with 1,325 ppm Zn, 136 ppm Zn and 315 ppm Zn in silicified mafic flow and felsic tuff were found.
A nickel-copper showing (lac à l'Eau Jaune 2) discovered in 1936 is located on an adjacent claim to the property. One trench returned 1.29% Cu and 0.11% Ni and grab samples returned 1.37% Cu; 0.28% Ni and 2.20% Cu; 0.01% Ni (figure 2).
The Eratix zone on the Monster Lake project returned values of 16.81 gpt Au over 4.5 m (94-23) and 19.16 gpt Au over 6.1 m (85-8) (source: NI-43-101 Tomagold, 2012) is located at 2.5 km south of the property limit. At 1 km east of the property, the Dominion Gulf gold showing follows the Ray Fault at N295. Grab samples returned 201 gpt Au, 93.3 gpt Au and 48.7 gpt Au. Other gold showings are present between 0.2 and 2 km east of the south part of the property. Grab samples ranging from 0.48 gpt Au and 2.64 gpt Au are present, see figure 2.
The Eau Jaune Lake Property is located at 2.5 km north and along trend of the Monster Lake Gold corridor and less than a 2km west of Dominion Gulf gold showing. The property is located in a fertile area for gold mineralization. The weak anomalous values in copper and zinc discovery in 2014 by Globex combined with historical information and showings indicates a good potential for a base metal mineralization.
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