QUEBEC – Virginia Mines of Quebec City has set aside a budget of $7.5 million for its 2014 summer-fall exploration programs at various projects in the province. Work will be done mostly in the James Bay region, Nunavik and at various sites in the Grenville Province.
In the Opinaca-Eastmain area, the company will spend $1.3 million. Of particular interest is the Anatacau-Wabamisk gold project where Virginia intends to follow up on a very interesting new field of gold-bearing quartz veins in the east portion of the Wabamisk property. This field hosts the Mustang vein that yielded up to 23.28 g/t Au (uncut) over 4.6 metres in channel sampling and 22.65 g/t Au over 2.25 metres in drilling.
At the Coulon copper-zinc-silver property, Virginia (89.9%) and partners will conduct mechanical stripping, lithogeochemical sampling, and mapping ahead of a 10,000-metre drill program. Both known lenses and new targets will be drilled.
Surface exploration worth $500,000 on several gold properties is planned in the La Grande Belt. This volcano-sedimentary belt extends east-west over more than 500 km. Prospecting, mapping and stripping will take place at the Lac Menarik project where may gold showings have been observed.
Virginia plans to spend $400,000 on the Ashuanipi gold project on the southern part of the Caniapiscau Reservoir, about 180 km northwest of Fermont. With 50% partner Anglo American Exploration (Canada), the company looks forward to prospecting, stripping, mapping and till sampling of a new alteration and mineralized system discovered in 2013.
In Nunavik, Virginia and partner Altius Minerals Crop. will invest $400,000 for prospecting, mapping, and till sampling on the Kan property, a large gold and base metal project in the Labrador Trough. Virginia says that work done in the 1990s led to the discovery of numerous gold showings in iron formation. Drill results reached 5 g/t Au over 10.4 metres. The Kan property includes a massive sulphide showing as well. It yielded 5.2% Zn, 2.6% Pb, and 96 g/t Ag over 1.2 metres.
Visit MinesVirginia.com for more information on all of the company’s properties in Quebec.