Overview
The Roger Project covers 987 hectares and is located just 5 km from the historic mining hub of Chibougamau, Quebec. It is easily accessible by all-season roads and has nearby access to power. The Project hosts a current NI 43-101 compliant mineral resource estimate, completed in August 2018. In August 2023, metallurgical test results demonstrated favourable and encouraging compatibility with the Opemiska deposit — XXIX Metal Corp’s nearby copper project located near the town of Chapais.
Exploration Upside
The project is an advanced-stage exploration project and has gone through multiple drill campaigns totaling 58,000 metres. Additionally, underground exploration in 1988 included 1,177 metres of development, 1,433 metres of underground drilling and over 1,000 metres of chip sampling. The Roger deposit is interpreted as a reduced-type intrusion-related porphyry gold-copper deposit that shows strong structural control. Mineralization occurs in the porphyry intrusion and in mafic volcanics to the north. While +500,000 gold equivalent ounces have already been delineated at Roger, the Project continues to provide significant upside given the deposit is open along strike, to the east and west as well as depth.
| Classification | Contained AuEq (oz) | AuEq (g/t) | AuEq Cut-off (g/t) | Tonnes (kt) | Au (g/t) | Contained Au (oz) |
|
Indicated |
333,000 |
0.95 |
0.45 |
10,900 |
0.85 |
297,000 |
|
Inferred |
202,000 |
0.96 |
0.45 |
6,569 |
0.75 |
159,000 |
Review of the exploration data from the property shows strong potential for polymetallic massive sulphides which has yet to be assessed. Our technical team intends to apply new exploration tools to look for this high value deposit type across the property.
