The Study was designed to identify additional gold and lithium drill targets on the western portion of the Sakami project and on the eastern portion of the Serpent-Radisson project. The close collaboration between the two companies resulted in:
- The identification of 12 priority gold and lithium targets including 3 high-priority targets that can be drill-ready following a field inspection later this year (see Figure 2); and,
- An improved geological understanding and confirmation of the structural and lithological controls on gold and lithium mineralization.
“These types of collaborations are exactly what this industry needs more of,”
Using both company and publicly available data, the Study generated a comprehensive geological and structural lineament map of the Sakami-Serpent-Radisson area. Highlights of the Study are as follows:
- Mafic to ultramafic slivers extend to the SW along shears in the Sakami project area, deflecting to the WSW along splays in the Serpent-Radisson project area;
- Mafic gabbroic dyke swarms that were previously unrecognized occur within tonalitic gneiss and felsic intrusions at Sakami. Additional gabbroic material occurs at the Serpent project, mainly along interpreted structures;
- Several untested pegmatites, potentially lithium-bearing bodies, are present; and,
- Anastomosed shear zones are present with reverse movement and/or primarily sinistral-strike slip component, in a Riedel-like system associated to a N-S compression.
Both projects exhibit the presence of high-grade gold:
- Sakami: the discovery of 29 showings with up to 62.92 g/t Au (grab sample), up to 48.93 g/t Au over 1.0 m (channel sample), and up to 120.4 g/t Au over 0.45 m (drillhole) along a 23-km mineralized corridor, and including more than 50,000 m of drilling on two well-defined deposits (La Pointe and La Pointe Extension) with intercepts up to 1.15 g/t Au over 80.1 m including 2.21 g/t Au over 24.85 m.
- Serpent-
Radisson : the discovery of more than 50 showings with up to 340 g/t Au (grab sample), up to 7.78 g/t Au over 6.15 m (channel sample), and up to 2.52 g/t Au over 19.65 m and 1.64 g/t Au over 22.40 m (drillhole) along an interpreted 20-km long mineralized corridor.
Both projects exhibit lithium potential:
- Sakami: several interpreted pegmatite bodies to be field-tested to determine their potential to contain lithium.
- Serpent-
Radisson : the discovery of spodumene and tantalite showings in the eastern part of the project with up to 4.56% Li2O (grab sample) over a favourable zone that is greater than 15 km2.
The Study was performed by
Qualified Persons
Normand Champigny, Eng., Chief Executive Officer of QPM, and
About
About
QPM is an exploration company with a large land position in the highly prospective
For further information, please contact:
President and CEO
info@harfangexploration.com
Normand Champigny
Chief Executive Officer
+1 (514) 979-4746
nchampigny@qpmcorp.ca
Cautionary Statement Regarding Forward-Looking Information
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although Harfang believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Harfang disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither the
Figure 1 – Location map of the Projects
Figure 2 – Location map of the targets
Source:
2024 GlobeNewswire, Inc., source