The Blue Ribbon Property which is located about 11km south-west of the Fenelon Mine Project of Wallbridge Mining Company Limited. The Property is contiguous with Probe Metals, Midland Exploration and Great Thunder Gold properties.
The Property is made up of 34 claims which cover approximately 1,885.25 hectares (18.88km2). Access to the Property is by road 810, off Highway 109, and thereafter by a series of logging roads. The northern portion of the Property overlies the Broullian-Fenelon Group of rocks, which is comprised of felsic to mafic volcanics and sediments and is located in the northernmost greenstone segment of the Abitibi Sub-province, a region which is underexposed and underexplored. The southern part of the Property overlies the northern edge of the Broullian Intrusive complex. The intrusive/volcanic contact is coincident with the west-northwest trending Bapst Fault. The Bapst Fault trends NW-SE through the Property and is characterized by brecciated and sheared dacite, often with disseminated pyrite.
There are many gold and base metal occurrences within the Broullian-Fenelon Volcanics on the south side of the Broullian Intrusive Complex, including the former Selbaie Mine. The eastward extension of the Lower Detour Deformation Zone/the Grasset Deformation Zone is located just to the north of the Property. The Bapst Fault, which extends the length of the Property, may be a splay or bifurcation of the Grasset/Lower Detour Deformation zone.
The Fenelon Gold Camp has sparked great exploration interest, due to the success of Wallbridge’s exploration results reported in their news releases, dated December 3, 2019 and January 28, 2020 which reported of 22.73 g/t gold over 48.01 meters and 43.47 g/t gold over 19.00 meters. A 70,000 – 80,000 meter drilling program is underway on the Wallbridge property and is expected to continue through the remainder 2020. For more information, see Wallbridge’s news release dated May 19, 2020 filed on SEDAR.
The Lower Detour Deformation is one of several regional deformation zones along which a number of gold zones have been identified. These include the 58N/75 zone of Detour Gold, and intersections of 5.3 g/t Au over 3.4 meters and 17.5 g/t Au over 1 meter from the Probe Metals property and referenced in their news release, dated August 24, 2016.
The fortuitous combination of the major Bapst Fault, the intrusive/volcanic contact and the unexplored Broullian–Fenelon volcanic/sedimentary package all within the Property boundary bode well for the discovery potential of the Property.
The Remick Showing
Xander Resources has received necessary permitting to accelerate an exploration program with heavy machinery to clear and clean in an area of outcrop hosting the Remick trench Gold showing, and to undertake a thorough program of exposing and expanding the trench and surrounding area. A Magnetic Geophysical Survey will also be undertaken.
The old trench, described by government geologist Jerome Remick, who first described the Gold showing in 1969, exposed a shear zone with ankerite-quartz veins in sheared diorite bearing fine visible gold and minor sulphides (pyrite and chalcopyrite) over 100 feet. No assays were reported (refer to Xander press release July 8, 2020).
The same shear zone was later visited and sampled in 1986 by government geologist Sylvain Lacroix who obtained a value of 8.5 g/t Au over 0.76 (refer to Xander press release July 8, 2020).
Historical Work on the Property
Due to the depth of overburden overlying the volcanics, there has been no recorded sub-surface exploration on the Property except for four 1990 drill holes of Corona Corporation, which targeted the Bapst Fault (GM 50733). There has been a number of limited area ground Electromagnetic and Magnetometer surveys which touched the present Property or were rarely completely within it. In 1969, on the south segment of the Property, within the Broullian Intrusive Complex, a government geologist located an old trench which had exposed a 100 foot-wide zone of quartz-ankerite veins in sheared diorite. The shear zone carried small amounts of pyrite and chalcopyrite and a few specks of native gold in quartz veins. No assays were given. (Remick, J.H., 1969 RP 564(A) p. 20).
Fenelon Gold Camp
The Blue Ribbon Property exists in proximity to many major mining plays. This region is known as the Fenelon Gold Camp, and it’s considered by many gold experts to be the next major gold producing district in Canada. Ceo.ca user @GoldTelegraph has prepared an excellent backgrounder on nearby gold plays for investors, available here: https://ceo.ca/@GoldTelegraph/fenelon-canadas-next-major-gold-camp