This brownfields area at the Douay Gold Project contains two distinct styles of gold mineralization, as well as copper-zinc associated with volcanogenic massive sulphide (“VMS”) mineralization. Gold mineralization hosted by altered mafic volcanics is generally of higher grade, occurring in zones such as Douay West (4.47 Mt @ 2.36 g/t Au; Micon, 2017), whereas gold hosted by altered porphyritic rocks forms large lower-grade zones such as the Porphyry Zone (72.16 Mt @ 0.96 g/t Au; Micon, 2017).  The Douay Resources are open along strike and plunge, such that brownfields exploration potential for resource expansion is considered excellent.

The remaining majority portion of the Project remains relatively unexplored, despite its location along a major regional structure. This greenfields area is considered to have potential not only for VMS and mafic- and porphyry-hosted gold mineralization, but also for other styles of mineralization such as occurs elsewhere along the CBDZ and in the region (i.e. Casa Berardi, Estrades, Eagle - Telbel, Vezza, and Sleeping Giant deposits).

The Company has revised its exploration plans to capture both the brownfields and greenfields potential of the project. A thorough review and analysis of all existing geological, geochemical and geophysical data is in progress, which combined with generation of new data from re-logging and sampling programs (see figure), will be used to produce a comprehensive exploration strategy and diamond drilling plan during Q1 2018.

For more information on the Company’s exploration and drilling plans: