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The initial Le Tac block consisted of
9 contiguous claims for some 144 hectares. In the spring
of 2004, 8 additional claims were staked to cover the
extensions of the zone discovered. The property is
located on the southwestern edge of the Hebert granite,
a sizeable pluton in the area. The granite is a
homogenous granitic intrusion composed of K-feldspar,
plagioclase, quartz and biotite. Locally, the Doda
deformation corridor crosscuts the granite under Lichen
Lake in the center of the property. In 1980, Serem
discovered a quartz vein while drilling an important
conductor located on the Lake Lichen. A second hole was
sunk in the vein during the winter of 1981. Anomalous
gold, silver, cobalt and nickel assays were obtained in
the sulphide-rich portions of the core.
Mineralization in Core Samples
In the spring of 2004, NioGold redrilled the property
and intersected a 68 meter wide true width quartz vein
containing important sections of sulphides, filling
fractures. The sulphides assayed up to 500ppb Au and up
to 0.9% Cu with anomalous chromium, cobalt and silver
over selected portions. A downhole pulse-EM survey was
performed following the drilling to assist in locating
areas where more abundant or massive sulphide could
occur. The survey located three off-centered conductors
all lying below the current hole.
Moreover, a series of ultramafic dykes related to
kimberlites were intersected while drilling the quartz
vein. It must be remembered that the first
diamondiferous kimberlite found in Québec was found in
LeTac Township, some 8km west of our property. NioGold
plans to assess the significance and importance of these
dykes in light of their diamond potential. The
geophysical targets will be tested as soon as weather
allows mobilization of a drillrig on the ice of Lake
Lichen. NioGold is planning an important diamond
drilling program aimed at locating massive sulphides
suggested by the pulse-EM to occur below the current
hole. It is anticipated that better results would be
obtained in these horizons. |
