Metals Australia (ASX: MLS) has highlighted the precious metals potential of its Corvette River in northern Quebec with the results of its Phase 1 mapping and sampling programme.
The programme focused on three separate target areas within the broad tenement package, covering over 22km of strike length of the highly prospective Lac Guyer Greenstone Belt within the Corvette River project.
The Phase 1 sampling program focussed on three key prospects: Felicie on the Corvette Lithium Trend, which hosts Patriot Battery Metals’ world-class Corvette Lithium Project, and the West Eade and East Eade claims on the parallel Corvette South Trend.
CEO, Paul Ferguson, said the new results and extensive field mapping have significantly enhanced focus areas for a Phase 2 program. Planning is underway for an exploration program aimed at further defining and extending the mineralised corridors, including pinpointing priority drilling positions for later work.
“The results we have received from our first phase exploration program at our Corvette River project in Quebec are extremely encouraging, confirming three emerging gold discoveries at our Felicie, West-Eade and East-Eade prospects,” he said,
“Our sampling programme has successfully extended the mineralised zone at Felicie, with the new results validating historical data by demonstrating a broad zone of extensive mineralisation which will now be prioritised for follow-up exploration. While the near-surface gold results are significant, silver, copper, lead and zinc are also consistently present with the gold at highly anomalous levels.
“The two Eade prospects cover a combined strike length of over 20km. The program was focused on mapping and trenching to extend areas near historical mineralisation.”
Focus in West Eade was on a Banded Iron stone (BIF) unit over 2km long which hosts disseminated sulphides that had yielded gold results previously. The programme extended those results with a best result of 4.42 g/t gold.
“We are now seeing good mineralisation across approximately 1km of surface strike length extent. These results also warrant further work in this area,” Mr Ferguson said.
"East Eade also contains a large, banded iron formation of over 3.6km strike-length trending east- west. Gold had been found in veins within the BIF unit previously. Numerous channel and rock chip samples in our programme yielded gold results up to 0.83g/t within an over 10m wide mineralised zone. Significantly, a large outcrop ridge was identified of sheared, folded and faulted silicate, oxide and sulphide facies within the BIF that also supports further investigation.
"The results further underline the prospectivity of the three zones tested for gold, silver and base metals. All three areas warrant more detailed investigation, and our team is working closely with the local Magnor Exploration team on defining next steps for a follow-up programme, including further systematic trenching and targeted sampling.”
