Launay
Metals of interests: Gold, Molybdenum
Ownership: 100 % Melkior
Location: 80 km northwest of the City of Val d’Or – Accessible by road all year-round.
Surface area: 169 claim units covering a total area of 75.6 km2
Highlights:
- Presence of numerous gold showings through-out the property
- Disseminated auriferous pyrite observed over a length of 400 meters with significant historical drill intersections of 6.92 g/t Au over 12.8 m and 9.10 g/t Au over 7.0 m (Zone 75)
- Gold bearing shear zone of 152 meters long and 23 meters of average width with significant historical drill intersections of 5.09 g/t Au over 9.42m and 3.37 g/t Au over 6.86m (Principal Zone)
- Presence of a major deformation zone, the Macamic fault, believed to be a slip fault associated with the Cadillac and Destor-Porcupine faults which host world class deposits.
Description:
The February 26, 2009 press release outlines the drilling results performed in 2008. Melkior drilled 11 holes in 2008 with the objective of evaluating the potential for extensions. Five holes at Zone 75 encountered anomalous gold. Three holes drilled at the Principal zone encountered wide, low grade gold zones.
Additional land covering 2150 hectares was acquired by Melkior corresponding to the extension of the same magnetic feature that bears Zone 75 and Principal Zone deposits. The wide gold intersections demonstrate the potential for locating a high tonnage/low grade deposit in the area.
Exploration work was performed on the property during the Summer of 2009. Results are pending..
Map of property with local showings