Pascalis-Colombière
The 100%-owned Pascalis-Colombière property consists of 33 mining claims totalling 637 hectares and is located in the eastern portion of the highly productive Val-d'Or mining camp in Abitibi, Quebec. The property is adjacent to the producing Beaufor Gold Mine, operated jointly by Richmont Mines and Louvem Mines.
2009 Exploration:
In November 2009, AGE announced the start of a 1,500 meter drill program to verify the economic potential of the near-surface, lateral extensions of the gold mineralization intersected by drill-hole PC-09-04 which returned values up to 6.1 g/t Au over 2.6m, included in a cut of 1.7 g/t Au over 15.2 m at a depth of 8 meters. The secondary objective is to verify the lateral extensions, between the depths of 130m and 160m, of the gold mineralization intersected by drill-hole PC-09-05 which returned values of 9.9 g/t Au over 2.4m and 5.5 g/t Au over 3.8m, included in a cut of 3.2 g/t Au over 14.2 m.
In May 2009, six holes totalling 2,010 meters intersected significant gold values in three distinct areas. Near surface drilling, 1.2 kilometers north-west of the former producer Lucien C. Béliveau Mine (167,000 ounces of gold produced, Cambior 1993), identified an important gold system at a depth of up to 150 meters and a thickness of 120 meters.
The best drill intersections include:
- 9.9 g/t Au over 2.4m and 5.5 g/t Au over 3.8m, included in a cut of 3.2 g/t Au over 14.2m at a depth of 125m and 2.2 g/t Au over 11.5m at a depth of 145m (Hole PC-09-05)
- 6.1 g/t Au over 2.6m, included in a cut of 1.7 g/t Au over 15.2m at a depth of 8m, 1.0 g/t Au over 17.2m at a depth of 40m and 1.0 g/t Au over 20.0m at a depth of 90m (Hole PC-09-04)
Figure 1: Surface Plan
Figure 2: Geology and Drilling on Highway Showing
Figure 3: Drilling Section 160E - Highway Showing
History:
Past exploration work did not fully test the numerous occurrences of gold located in the N-S extensions of the Lucien Béliveau Mine dyke set or in other parallel dykes, nor in the extension of E-W trending shear zones. Due to the anticipated closure of the Mine in October 1993, several intercepts with gold values up to 18.9 g/t Au over 1.7m (diamond drill hole COL-92-36) were not followed-up. In 2003, Ministère des ressources naturelles et de la faune delivered a certificate of release following the complete rehabilitation of the past producing Lucien Béliveau Mine.