Anik Project
Overview: The Anik gold property is situated 40 km to the south-east of the town of Chapais and 55 km to the south of the town of Chibougamau, in Québec. The project consists of 120 claims totalling 6,700 hectares. The nearby towns of Chapais, Chibougamau and Oujé-Bougoumou provide facilities and workforce for exploration and mining development. The Anik project was optioned by IAMGOLD in 2020 and have now formed a 75:25 Joint Venture with Auriginal after expending $4.0 million in exploration on the property and making cash payments of $600,000.
Exploration and Upside: Past exploration efforts on the Anik property have identified numerous gold showings. Exploration in the northeast corner of the property defined a continuous gold zone extending from surface exposures to drill intercepts. For example, the Bobby occurrence returned two significant intercepts: 0.41 g/t Au over 56.5 m and 1.28 g/t Au over 7.96 m at depths of 25 m and 110 m below surface, respectively. IAMGOLD completed several drilling programs since 2022 which revealed several anomalous intersections, including 2.82 g/t Au over 6.3 meters (ANK-22-29), 1.25 g/t Au over 6.0m (ANK-23-31) and 1.6 g/t Au over 6.6 meters (ANK-24-39).
Location and Infrastructure: The property is easily accessible by roads connected to the near by towns of Chapais, and Chibougamau. The SE Claims Block is crossed by the high-voltage power line of Hydro-Quebec. The eastern portion of the property is located less thank 7km from the Joe Mann mine and the Lac Meston and Phillibert deposits. The western portion of the property is located less than 10 km to the south of the Monster Lake and Fancamp gold projects. In addition, the main gold zones of the Nelligan property, a joint venture between Vanstar Resources and IAMGOLD, are surrounded to the north, south and east by Anik property boundaries at a distance at distance of less than 1,500 metres.
Technical Report: Link
