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Globex Properties

Parbec Deposit - Gold Optioned
Malartic Township, Quebec (NTS 32D/01)

Updated August 2016

Location
The Parbec Gold property consists of  11 cells (229 hectares) covering the south half of lots 9 to 11 and lots 12 to 15 inclusive on Range 2, Malartic Township, Quebec.  

Parbec property into Cadillac Mining Camp

Ownership
Globex owns 100% interest in the property. In January 2015, Globex optioned the  property to Renforth Resources Inc. for $550,000 in cash, $4 million in exploration work and 2 million Renforth shares over 4 years.  Should Renforth earn 100% interest in the  Parbec Property, Globex will retain a sliding scale Gross Metal Royalty of up to 2%.  (See February 4, 2015 Globex press release)

Access
The property is easily reached via a gravel road extending westward for 3 miles from the town of Malartic, Quebec.

Geological Setting
The Parbec property is favourably situated within the Malartic Val d'Or gold mining camp of northwestern Quebec.  It is located in close proximity to former gold producers such as the East Malartic and Barnat mines.

The main mineralized zones occur throughout a series of stratigraphically continuous mafic lapilli tuff horizons lying south of the northern contact of the Cadillac Break and within fractured, quartz veined and silicified areas of the dioritic and feldspar-porphyry intrusive bodies.  Mineralization has also been noted in silicified, brecciated and bleached sections of the greywacke along the southern contact of the Break.  Further indications of mineralization occurring along the sheared northern contact of the volcanic sequence may represent a major splay fault off of the main Cadillac Break.

The mineralized tuff horizons have been correlated east and west of the Camp Zone Area along a strike length of approximately 600 m.  The average width of the mineralized zones is 1.9 m.  The bulk of mineralization intersected by drilling is contained in the Camp Zone area, over a strike length of 150 m and to a depth of 150 m and within the Discovery Zone area over a strike length of approximately 90 m to a depth of 90 m. 

Exploration and Development.
Drilling completed in 1989 indicated that there is a good possibility of establishing continuity among the known zones, investigating them at depths below 150 m and testing the strike extensions of the western portion of the Camp Zone Area and the eastern portion of the Discovery Zone Area.  This potential was confirmed with a later drill program consisting of 5 holes for a total of 1,470 m within the Camp Zone Area.  Assays returned values at 190 m depth including; 0.11 oz/ton Au over 1.5 m, 0.25 oz/ton Au over 1.4 m and 0.181 oz/ton Au over 3.5 m.

A 580 m long underground ramp was completed at the property by previous operators.  It was designed to intersect Zones 1, 2, 3 and 4 of the tuff horizon in the Camp Zone Area at an approximate vertical depth of 100 m.  A parallel drive to the mineralized tuff horizon within the mafic volcanics on the north side of the Cadillac Break was recommended at the time but not undertaken. 

In 2007-2008, Globex conducted a Mag and VLF survey and initiated a drilling campaign totalling 3,722 m.  This drilling revealed numerous intersections in the order of 1-3 gpt over 1 to 1.5 m, the best intersections were 2.35 gpt Au over 4.35 m and 7.34 gpt Au over 1.5 m. 

Savant Exploration Limited completed an 8 hole diamond drilling program in 2010.  Highlights of this program included; 19.25 gpt Au over 2.9 m (Camp Zone) in hole 1; 3.68 gpt Au over 1.45 m (Central Veins) in hole 2; 1.82 gpt Au over 38.9 m including 28.8 gpt Au over 1.5 m and 2.28 gpt Au over 12.4 m including 5.7 gpt Au over 3.0 m (both in Central Veins) in hole 5; and 16.2 gpt Au over 1.5 m (Central Veins) in hole 8.

In 2015 Renforth completed field examinations, data compilation and re-interpretation at the Parbec project, announcing an Exploration Target which modelled a mineralized zone comprising a range of tonnes between 1,200,000 and 1,700,000 t at a gold grade range of 4 to 6 gpt Au, for a range of potential contained of gold between 176,400 oz and 360,000 oz.  Renforth stated that the potential quantity and grade is conceptual in nature and insufficient exploration work has been done to date to define a mineral resource and it is not certain that future exploration will define all or part of the target as resource.  The exploration target is situated in the known Camp Zone and a small portion of the #2 Zone.  See Renforth Resources Inc. press release, Sept. 8, 2015.

Later in the year Renforth redefined mineralization at Parbec and identified 5 mineralized zones of interest characterized by structural and intrusive or volcanic lithological features. In December Renforth reported results of a sampling program to identify new mineralized zones at Parbec.  Renforth describes sampling “designed to confirm the presence of gold at surface in rock types not previously considered in the historical resource for the property.” The historical resource is defined largely in the Camp Zone, whereas the new samples were taken from porphyry-, diorite- and felsite-related mineralization on surface.  Renforth tested samples with fire assay and Bottle Roll cyanide leach to comparatively highlight the presence of free (coarse) gold.  7 samples were obtained from mineralization in felsite, porphyry and diorite lithologies at 6 different surface locations on the Parbec Property, reporting anomalous mineralization ranging to 0.99 gpt Au.

Parbec Renfort 3D Sketch 2017

 

Parbec Surface Plan 2017

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Globex Mining Quick Links

Press releases related to this property

March 7, 2016
Renforth Increases Resource on Globex’s Parbec Gold Property
(English)

February 4, 2015
Globex Options Parbec Gold Property
(English) | (Français) | (Deutsch) |

May 19, 2011
Drill Program Underway on Globex’s Parbec Property to Test Near Surface Gold Mineralization
(English) | (Français) | (Deutsch) |

August 16, 2010
Globex Options its Shortt Lake Gold/Rare Earth Property and Other News
(English) | (Deutsch) | (Français) |

May 28, 2010
Globex's Parbec Property - Savant Hits on First Drill Hole
(English) | (Français) |

January 11, 2010
Globex Options Parbec Gold Property to Savant
(English) | (Deutsch) | (Français) |

December 18, 2007
A Personal Note from The President of Globex to Shareholders
(English) | (Français) |

November 21, 2007
Globex update on activities
(English) | (Français) |


Partner News related to this property

July 14, 2016
Renforth Resources Inc. Provides an Update on Globex's Parbec Gold Property
(English)

March 10, 2016
Près de 550 000 onces d’or à 3 km de Malartic - La Frontière Rouyn-Noranda
(Français)

March 7, 2016
Parbec Resource Estimate
(English)

January 14, 2016
Renforth Provides Parbec Interpretation
(English)

December 8, 2015
Renforth Confirms Additional Gold Zones at Parbec
(English)

September 8, 2015
Renforth Announces Parbec Exploration Target
(English)

August 20, 2015
Renforth Commences Exploration
(English)

November 23, 2010
Infill Sampling of Drill Holes from Parbec Gold Project Adds New Gold Intersections of 1.82 gpt Over 39.6 Metres and 2.28 gpt Over 12.4 Metres
(English)

August 10, 2010
Savant Encounters its Longest Gold Intercept in Final Hole of First Phase Drill Program at Parbec
(English)

July 22, 2010
Savant Announces Results of Second through to Fifth Hole on the Parbec Gold Property
(English)

May 28, 2010
Savant Announces Results of First Hole on the Parbec Gold Property
(English)

April 20, 2010
Savant to Start Drilling on the Parbec Gold Property
(English)

 
 
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