The Denain project encompasses two contiguous mining properties (Venpar and Vauquelin) totaling 24 mining titles and is located approximately 60 km east of Val d'Or, Quebec. The property is readily accessible from an all-weather road and this gold bearing zone resembles the iron formation found at the nearby past-producing Chimo mine. An idle 1,500 tpd mill still stands on the former Chimo gold mine site. Nippon Dragon has assessed the mining potential of the property by performing definition drilling to evaluate the dip of the vein; the drilling of pilot holes and thermal fragmentation was also conducted during the evaluation process.
The evaluation was concentrated on the main vein, including both the eastern and western sections over approximately 125 metres. Direct observation allowed a measure of the fragmented width in many areas from the main vein at 14 inches or more, yielding an average grade of 17.6 g/t Au (17% better than anticipated), using 176 sample assays, collected during the thermal fragmentation operations. The sampling results from the milling test performed at the Noranda facilities on 123 tons yielded a grade of 18.8 g/t Au.
The geological makeup of the zone features significant gold and copper showings in felsic volcanic stratigraphy, favorable for the occurrence of structurally controlled gold-copper deposits. Several gold occurrences have been identified on the property, and the most encouraging results obtained to date are from the South Gold Zone, which has produced assays of up to 29.6 g/t gold over 1.7 m. Further development of the project will consist in evaluating the underground potential (0m to -200m) in order to perform new resource calculations.
Click here to download the Technical Report (French version only).
Click here to download the Map of the potential - Gestim