Quebec Crown corporation Soquem has signed agreements concerning two properties in the province.
One of the agreements involves Orient Resources (ME) and Consolidated Gold Hawk Resources (ASE) and concerns the 64-claim Nelligan-Centre gold project in Nelligan Twp. The property hosts several gold occurrences associated with a wide east-west-trending deformation zone.
Soquem can earn a half interest by spending $250,000 on exploration over two years. Stripping, trenching, mapping and drilling are already under way. In another agreement, Diabex Resources (ME) has signed a letter of intent with Soquem to earn a half interest in the 155-claim Cavga gold property, 17 km southwest of Matagami.
The property covers an 8-km strike length of a 400-metre-wide deformation zone. The zone consists of highly carbonatized, quartz-chlorite-sericite schists with arsenopyrite, pyrite, tourmaline and fuchsite. Previous drilling returned values ranging from 1.2 to 3 grams gold per tonne over widths of 1 to 3 metres.
Diabex will perform geophysical surveys and drilling on the property in the near future.
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