Gagné
Location, Access, Description
The Gagné property is located in Eeyou-Istchee James Bay Territory (Qc), about 60 km southwest of Matagami and 8 km west of the former mining village of Joutel. The property consists of 24 mining claims totaling 1,343.42 Ha. Globex is 100% owner of the property which was optioned to Edison Lithium Corp. in March 2026, over a 3-year period. After Edison has completed all obligations Globex will retain a 3% Gross Metal Royalty (GMR) on the Gagné claims.
The property is easily accessible by Provincial Road 109 connecting Amos to Matagami as well as by a network of gravel roads. Skilled labour, equipment providers and contractors who are able to facilitate exploration activities are abundant in the area, being available in Matagami, Amos, Val-d’Or, or Rouyn-Noranda. Adjacent to highway 109, is a set of high-voltage power lines running between Amos and Matagami.
Geology and Mineralization
The Joutel mining camp is located in the western part of the Northern Volcanic Zone (Chown et al., 1992) of the Abitibi Subprovince of the Archean Canadian shield. Regional geology of the Joutel area is composed of a N-S homoclinal series of bimodal volcanic and volcanoclastic rocks with polarity toward east (Legault and al., MB2000-10). All these rocks are SE-oriented and were verticalized and metamorphosed to the greenschists / amphibolite facies after three major tectonic events during Archean and Paleoproterozoic.
The northern half of the property is occupied by intermediate flows and lapilli tuffs of the Valrennes Formation, including minor mudrocks horizons. The southern half is occupied by intrusive rocks : gabbro / hornblendite of the Valrennes Complex and the synvolcanic Joutel Tonalite (Chown et al., 1992 ; Goutier and Melançon, 2010), the latter represents a set of dikes and vein layers that cut through the Valrennes Complex and the Poirier Member (Legault et al., 2000; Legault et al., 2002). Rocks of the property are folded and cut by gabbros of the Valrennes Complex and by the NE-trending Paleoproterozoic Biscotasing Dykes.
Past producing mines in the area include Joutel Formation volcanogenic massive sulphide (VMS) type mineral deposits such as the Globex-owned Poirier Mine (4.39 Mt @ 1.97% Cu, 1.84% Zn, 4.66 g/t Ag*), and the Globex-owned Joutel Mine (1.17 Mt @ 2.16% Cu*) (*production tonnes & grades referenced from L.M. Dubé, 1990, Quebec Ministère des ressources naturelles report ET-90-12, Géologie de la région de Joutel) as well as gold deposits including the Globex-owned Eagle Mine, flanked by Telbel to the east and the West Eagle Pit immediately to the west. All three deposits collectively produced approximately 1.1 Moz of gold from approx. 6.2 Mt, grading 5.8 g/t Au (ref.; Agnico web site History page and Canadian Mining Handbook data from 1974 to 1993).
The property is surrounded by the synvolcanic Mistaouac Pluton to the west, the Valrennes mafic Complex to the south and by the syntectonic Marest Pluton to the east, each of which could have been a source of hot mineralized hydrothermal fluids.
The McClure-Plamondon anticline strikes south of the property and it is associated with base metal mineralization including the former Joutel Copper Mine about 2.8 km east of the property. The Kakinogama and Harricana shear zones strike just north of the property in a NW-SE direction and both are associated with numerous gold and base metals showings and deposits at a regional scale. The Gagné property hosts the Joutel P5 and VAL-01 copper showings, both located near the McClure-Plamondon anticline axis ; semi-massive chalcopyrite mineralization is associated with veinlets or fracture filling. Assays up to 7.86% Cu, 72.2 g/t Ag and 0.31 g/t Au over 2.21 m returned from historical DDH (GM54483) on the Joutel P5 showing.
The Terrain d’Aviation (Ind Gagné ) Au showing is associated to mesothermal gold veins with quartz and carbonate gangue, hosted in the Joutel tonalite with intense silicification. Assays up to 22.60 g/t Au over 1.50 m returned from channel-sampling.
History
Regional exploration in the area including conventional airborne EM surveys followed by diamond drilling dates back to the early 1960’s. Rio Algom brought the Poirier and Joutel Copper mines into production in 1966 and 1967 respectively. Agnico Eagle Mines brought the Telbel Mine into production in 1974. The development of the Eagle Mine followed soon thereafter. In 1990, Agnico resumed exploration drilling on their property guided largely by results from new IP surveys. This subsequent phase of drilling lead to the discovery of the Eagle West Pit Zone.
According to the Quebec public data (Sigéom) the Gagné property had several drilling and geophysical programs throughout pat decades ; 41 DDH were thus implanted on the property between 1959 and 2005. This work has identified several gold and copper occurrences on the property. Most of the work was focused on the Joutel P5 showing.
Globex has carried out several diamond drilling (DDH) programs in the Joutel Mining Camp since 2008, as well as a high-resolution airborne magnetics survey in 2021 (GM72395). Orford Mining Corp. (now Alamos Gold) optioned the Joutel Eagle NW property (located immediately north of the Gagné claims) from Globex between 2022 and 2024 and undertook exploration work principally focused on Quartz Carbonate and Sulphides associated gold mineralization at the South Gold Zone. New magnetic and TDEM survey (GM73418) were conducted, along with additional 17 DDH (3,242 m) which defined near surface mineralization at the South Gold Zone (Figure 5) with assays up to 5.8g/t Au over 4.1 m (DDH 23-JE-008) and 4.1g/t Au over 14.6 m (DDH 23-JE-004).
In March 2026, Globex has entered an Option agreement with Edison Lithium Corp. for a $750,000 in cash payments, $750,000 in Edison shares and $2,000,000 in exploration expenditures. After Edison has completed all obligations over a 3-year period, Globex will retain a 3% Gross Metal Royalty (GMR) on the Gagné claims (Globex PR dated March 2, 2026).
Resources and Potential
The property is situated along the South Break of the Casa Berardi Structural zone adjacent to several past producing mines including the Globex-owned Poirier mine and Joutel Copper mine, and the Eagle – Telbel – Eagle West deposits.
There has been limited exploration on the Gagné property despite an abundance of geophysical and structural targets along the 6 kms of strike along the main Casa Berardi Structural zone. The Gagne property has a number of surface showings and drill hole intercepts that require follow-up exploration.
The VAL-01 copper showing and the 91-B-15 silver showing both appear to be associated with strong and well defined magnetic anomalies highlighted by Globex NOVATEM survey of 2021 (Figure 4) ; strong input anomalies are observed at 91-B-15 too. No DDH follow-up has ever been undertaken on these anomalies which should definitely be further investigated with geophysics followed by mechanical stripping and DDH.
No resource has been estimated on the Gagné property yet.