The Rouyn Property is located in Canada's well-known Abitibi Greenstone Belt, a 2.5 billion year old sequence of volcanic, sedimentary and granitic rocks that stretches 700 kilometres from northeastern Ontario into northwestern Quebec. Since the early 1900s, this world-class belt has produced almost 200 million ounces of gold from world-class mines such as the McIntyre (29 million ounces), Kerr-Addison (11 million ounces), Sigma-Lamaque (11 million ounces), Lakeshore (8 million ounces) and numerous others. The Abitibi Greenstone Belt also hosts many base-metal deposits with high gold content, such as the historic Horne mine, which in addition to copper also produced more than 10 million ounces of gold.
One characteristic of gold deposits in the Abitibi is that they tend to be located near major fault zones, which acted as conduits along which gold-bearing solutions traveled before forming deposits in nearby geological structures. The Cadillac-Larder Lake Break is one such major fault zone. It extends more than 250 kilometres east-west from west of Kirkland Lake, Ontario to east of Val-d'Or, Quebec and has yielded more than 100 million ounces of gold from mines such as Lakeshore, Macassa, Kerr-Addison, Doyon, Bousquet, LaRonde, East-Malartic, Kiena and Sigma-Lamaque.
The Rouyn Property covers a 12-kilometre stretch of the Cadillac-Larder Lake Break. It consists of one mining lease, one mining concession and 90 claims, and covers a total area of nearly 2,700 hectares. Because of its large size, the property has been subdivided into seven major "Blocks" (from west to east): Augmitto, Cinderella, Durbar, Lake Gamble, Wright-Rouyn, Astoria and Lake Bouzan.
The Rouyn Property lies a mere 4 km south of Rouyn-Noranda, Quebec. With a long history of mining, the city of Rouyn-Noranda offers many advantages for mining exploration, including political and social stability, good access and infrastructure, skilled mining personnel, and one of the most mining-friendly jurisdictions in the world.
Prospecting on the Rouyn Property dates back to the mid-1920s. Very intensive exploration work was carried out on the Astoria Block from 1984 to 1990, during which time a shaft, now flooded, was sunk to 515 m. On the Augmitto Block, extensive surface diamond drilling in the 1980s prior to the financial failure of the previous owner led to underground development and pre-production work. The project was acquired by Yorbeau in 1997, and a full office and maintenance complex remains in place, along with a 250-metre shaft and 1,142-metre ramp that are currently flooded.
| Geological Setting |