Baie Malouf
Location, Access, Description
The Baie Malouf property is located in Eeyou-Istchee James Bay Government, Northern Québec, Canada (NTS 32G16), approximately 11 km southeast of Chibougamau. It consists of 2 contiguous claims covering a total area of 111 hectares along the south shoreline of Lac aux Dorés. The claims belong to Chibougamau Independent Mines (CIM), a subsidiary of Globex; Globex retains a 3% Gross Metal Royalty (GMR) on it.
The Project seems accessible in vehicle by secondary roads and trails connecting to regional highway #167. Access is also possible by boat; a boat ramp is located 1.5 km north of the property.
Geology and Mineralization
The Baie Malouf property is located in the Superior Province of the Canadian Shield. The Abitibi Sub-province is known for its prolific and diverse rich mineral deposits; total gold production of the Abitibi Greenstone Belt (AGB) since the beginning of the 20th century is estimated at over 210 million ounces (Moz) Au (Dumas, 2024).
The Chibougamau region hosts some of the eldest rocks of the AGB. The property area is largely underlain by tonalite, diorite and intrusion breccia of the Chibougamau Pluton, and anorthosite of the Lac Doré Complex (LDC). All rock units in the area were affected by multiple deformation events and are folded into a succession of east-west trending anticlines and synclines. Lithological units tend to have steep to subvertical dips. Faults and shear zones in the region strike dominantly northeast and east. Regional metamorphism is at the greenschists grade.
The Chibougamau Mining District is located in the northeastern part of the Abitibi Greenstone Belt and hosts a variety of deposit styles; Leclerc et al. (2012) documented volcanogenic massive sulphide (“VMS”) deposits, magmatic Fe-Ti-V and Ni-Cu ± PGE mineralization, early polymetallic (Au-Ag-Cu-Zn-Pb) vein deposits (to which the Property mineralization might belong), Chibougamau-type Cu-Au-veins, shear zone-hosted Au deposits, and Opemiska-type Cu-Au veins. The anorthosite Doré Lake Complex and the Chibougamau Pluto both played a major role as regional mineralized features, and the vast majority of mines in the Lake Chibougamau area are located within or near these two intrusions. Total production of the Chibougamau mining camp since the beginning of the 20th century is estimated at 1,624.9 Mlbs Cu and 3.22 Moz Au (Houle, 2019).
Mineral production from the Chibougamau Mining Camp was derived largely from mesothermal Cu-Au veins. The discovery of Cu-Au deposits in the Lac Dore Intrusive Suite, historically known as “Chibougamau-type mineralization,” led to the development of the Chibougamau-Chapais mining camp (Pilote et al., 1998). Between 1954 and the end of 1977, 15 deposits were discovered and were periodically in production. Most of the past producing mines are located within the anorthositic gabbro phase of the Lac Doré Complex. When the Chibougamau Pluton intruded the bedrock, the Lac Doré anorthosites were fractured and filled with metal-bearing hydrothermal fluids.
No mineral occurrence is presently known on the Baie Malouf property.
History
The Chibougamau region has been the site of numerous historical works and developments but limited exploration has been done within the boundaries of the Baie Malouf property. No diamond drilling has ever been carried out on the property. The reader is referred to CIM 2023 exploration report (Kouadio, 2023) for more details about past exploration on the Baie Malouf property.
Recent developments :
In 2012, Globex carried out ground magnetometry, electromagnetism (EM) and induced polarization (IP) survey (GM66759) which highlighted an interesting IP anomaly concordant with a Input-EM (Questor) anomaly.
In 2017 and 2023, Globex and CIM undertook limited field prospection and grab sampling with no significant results (GM70508, GM73724). Work was limited due to the lack of surface outcrops available on the property.
Resources and Potential
Historical work in the area identified a regional favorable context for several commodities including gold, silver, copper and zinc. The property potential is supported by favourable geological and structural setting and the presence of well-documented metallogenic and litho-tectonic elements such as the layered anorthositic Lac Doré Complex, Chibougamau Pluto and other structures and alteration.
Further compilation work is recommended in order to better characterize the full potential of the Baie Malouf property. In particular, a concordant Mag, Input-EM and IP anomaly has been highlighted by CIM work in 2012 and has not been followed-up to date; this anomaly represents a priority target for DDH.