Cadillac Break Properties
Location: Val d’Or, QC
Prospects: Gold, Copper, Silver, Zinc
NI 43-101 Technical Report: Click Here
Acquired From: Cambior (IAMGOLD) and Aur Resources (Teck Cominco) 2007
The Cadillac Break Property Group stretches for 35 km along the Cadillac Break, a regional fault zone that has produced some 100,000,000 ounces of gold since the early 1900’s. Alexandria’s initial 14 properties in this group came from two property agreements in late 2006 from Aur Resources Corp. (Teck Cominco) and Cambior Inc. (IAMGOLD Corp.). The Company staked or acquired the remaining properties subsequent to the initial purchase. Alexandria holds 100% interest in all 20 properties, subject to a 2% NSR, which lie in Bourlamaque, Louvicourt and Vauquelin Townships.
Geologically, the dominant feature underlying the properties is the Cadillac Break, a regional fault zone that separates metasedimentary rocks of the Pontiac Group on the south side from predominantly volcanic rocks and associated intrusive rocks on the north. However, this large property package hosts a variety of geological environments favourable to gold mineralization, including those which are known elsewhere to host large gold deposits, including: 1) shear-zone, 2) gold-rich massive sulphide, 3) porhyry gold-copper and skarn, and 3) disseminated gold.
The property group hosts four historic gold deposits: Orenada, Mid-Canada, Akasaba, and Sleepy. Two of them, Mid-Canada and Akasaba, are former producing mines, the latter having produced 40,000 ounces of gold at a grade of 5.14 g/t of gold in the early 1960’s. Orenada has had underground development in the form of a 300 m shaft and two horizontal exploration drifts.
The properties have been explored by various operators since the early 1930s, with over 2,400 drill holes completed since that time. Other work includes multi-property geophysical and geochemical programs, and trenching and mapping, all of which Alexandria has been compiling into a single database. It is worth noting that recent blind discoveries in the region (as at Lapa and Goldex), at depths between 500 m and 1,500 m, show that the Cadillac Break Group of properties is highly under-explored, as most drilling has been in the upper 150 m over the whole package, only locally testing down to 300 m depth.
Please note that estimates of grade and tonnage from historical ore deposits discussed are not compliant with National Instrument 43-101, nor does the company intend to convey that these deposits are Current Resources under the guidelines defined in NI43-101. While the company views these as strong advanced stage exploration targets, with excellent potential for advancement; there is no evidence at this time that an economic deposit underlies these properties as defined in the national instrument. More work will be required, as will a thorough review of all data by a Qualified Person with a qualifying report, before these deposits can be classified according to NI43-101.