Projects
Bellechasse-Timmins Gold Project
Beauce-Bellechasse Region
It consists of six claims totalling 351.94 hectares (3.52 square kilometres) located approximately 100 kilometres or a 1.5-hour drive southeast of Quebec City in the Beauce-Bellechasse region of the province of Quebec. The project has very good access, logistics manpower availability and Quebec has been regularly ranked as a top exploration and mining jurisdiction by the Fraser Institute.
Project summary
The B-T deposit contains at least four mineralized zones, namely Timmins 1 (T1), Timmins 2 (T2), Ascot and 88.
The B-T geological setting is characterized by folded mafic intrusive, volcaniclastics and sediments, having a general southwest-northeast orientation. Considering the structural context, the mineralized bodies are a folded mafic intrusive with an axial plane running northeast, apparently dipping steeply to the southeast and plunging to the southwest.
T1, the largest zone to date, is located within a heavily transposed and compacted anticlinal fold nose, along the structural plane. The T2 zone is located easterly along the flank of the fold. The 88 zone is located within a large transposed fold southeast of the T1. The Ascot zone is along the northern flank of the fold.
The 2012 SGS National Instrument 43-101 compliant mineral resource (base case) for the T1 and T2 zones using a lower cut-off grade of 0.6 gram per tonne gold and gold capping at 30 grams per tonne gold is classified as:
- Indicated: 2,905,000 tonnes at 1.83 g/t Au totalling 171,000 ounces;
- Inferred: 2,173,000 tonnes at 1.36 g/t Au totalling 95,000 ounces.
The same resource with the same lower cut-off grade of 0.6 g/t Au and no capping limit is classified as:
- Indicated: 2,905,000 tonnes at 3.36 g/t Au totalling 313,900 ounces;
- Inferred: 2,173,000 tonnes at 1.46 g/t Au totalling 102,000 ounces.
Lac bruce Lithium Project
James Bay Region
Very little exploration work has been carried out in the Lac Bruce Project area, with AuQ’s West Block located less than 600 meters north of, AuQ’s Central Block located less than 1 km north of, and AuQ’s East Block located less than 600 meters east of the Mia Lithium Project recently acquired by TSXV listed Queensland Gold Hills Corp. (OZAU-TSXV, see Press release of November 28, 2022). The East blocks lies within 5 km, and the West and Central blocks lie within 15 km of a major all-season road and hydropower line.
The West Block is comprised of 61 claims covering approximately 3,150 hectares (31.5 km2) and is located less 8 km northwest of the historic lithium occurrences known as Mia-Li1 and Mia-Li2. The West Block was staked to cover a major northwest-southeast trending fault zone that also passes through the pegmatite-bearing Vieux Comptoir-3 granitic unit that hosts the Mia-Li1 and Mia-Li2 lithium occurrences. The West block was also staked because it lies less than 4 kilometers west of a mapped exposure of the pegmatite-bearing Vieux Comptoir granitic unit.
AuQ’s Central Block is comprised of 46 claims covering approximately 2,380 hectares (23.8 km2). The Central Block is located less than 5 km northeast of the Mia-Li1 and Mia-Li2 lithium occurrences.
The East Block is comprised of 26 claims covering approximately 1,340 hectares (13.40 km2). The East Block was staked because it is believed to be on strike with the Mia-Li1 and Mia-Li2 lithium occurrences located just 7 km further to the west. Ophir Gold Corp recently acquired their new Radis Lithium Property from Eastmain Resources Inc. The Radis Lithium Property borders the north side of AuQ’s East Block. Ophir’s property hosts a number of documented gold and copper occurrences.
The referenced mineral showings Mia Li-1 and Mia Li-2 were sampled in 1997 by Quebec government geologists and assays returned grades of 0.47 per cent Li2O (lithium oxide) and 2.27 per cent Li2O, respectively. The Mia Li-1 and Li-2 mineral showings are hosted by the intrusive Vieux Comptoir-3 granitic unit. AuQ’s geologists are of the view that all three blocks are highly prospective for the discovery of additional lithium-bearing pegmatite occurrences (ie., “boots on the ground”) in this extremely underexplored area.
Eliza
Eastmain River region of James Bay District
- Located in the James Bay region of northwestern Quebec, approx. 300 km north of Matagami, 500 km north of Val d’Or and 820 km northwest of Montreal.
- Three claims blocks comprised of 7 claims with multiple historic gold occurrences situated within and near Azimut’s Elmer Property. Azimut’s property, with its Patwon gold zone, and the Eliza project cover the same east-west trending package of generally felsic-intermediate rocks.
- The region benefits from quality infrastructure that includes major access roads, a hydropower grid and airports.
- The Elmer Trend is part of an underexplored greenstone belt of the La Grande Sub-province that is considered highly prospective for intrusion-related and shear-related gold deposits. The trend is dominated by felsic volcanics, andesite, diorite, basalt, gabbro, and porphyry dykes.
- The geological setting and mineralized context of the Elmer Trend share strong similarities with the Windfall Project in the Abitibi region (Osisko Mining Inc.). Other exploration companies have compared its features to the Hemlo and Bousquet-Doyon mining camps.
- The GRID A-16 Block consists of 4 mineral licences located approximately 6 km south of Azimut’s Patwon gold prospect. A rock channel sample from the historic Grid A-16 showing returned 5.0 g/t gold over 30 centimetres. One historic diamond drill hole is located 500 metres south of the Grid A-16 showing and was drilled to a depth of 149 metres. There are no records that the surface showing received further attention.
- The ETMN-87 Block consists of one mineral licence internal to Azimut’s Elmer Property and 5 km east of Azimut’s Patwon prospect. A grab sample taken on the claim returned 13.91 g/t gold.
- The James Bay Road Block is the Eliza Gold Project’s easternmost block and is crossed by the paved James Bay road which is the principal route to north-western Quebec. The James Bay Road Block consists of three mineral licenses and contains the highest grade surface gold showing recorded in the region, with 176.61 g/t (5.7 ounces per ton) gold in a grab sample taken 630 metres west of a highway bridge that crosses the Opinaca River.
