Chateau Fort, QC
Eros Resources Corp. holds the 100% owned Chateau Fort Au-Ag-Cu-Zn property in north-central Quebec. The property adjoins the “167” property of Visible Gold Mines Inc. (TSX.V: VGD), where high-grade Au-Ag-Cu-Zn boulders have been found along the newly constructed Route 167 Extension road. The new road was completed in fall 2014 at a cost of about $350 million, and now affords all-season access to the region. Anthem has been exploring here since 2007.
VGD has reported assays of up to 63.83 g.t Au, 62.6 g/t Ag, 2,.63% Cu and 4.62% Zn in 11 boulders at Km 150, and up to 142.8 g/t Au, 22.2 g/t Ag and 0.61% Cu in four boulders at Km 147 (VGD website). Mineralized boulders are reported to be angular and magnetic with “alteration minerals and semi-massive to massive sulphides”. The rocks have the appearance of banded mafic/felsic volcanics with sulphides and quartz layers, based on photos on the VGD website. It is likely that they are sourced from the NNE based on the regional ice direction.
Eros’s Chateau Fort claims also adjoin the past-producing, high-grade Eastmain gold mine of Eastmain Resources Inc. (TSX: ER), which has a historic resource of 255,750 oz Au comprising 878,100 tons @ 0.291 oz/ton (not compliant with 43-101 and should not be relied upon). Au-Cu-Ag mineralization occurs in siliceous, stratabound units containing semi-massive pyrrhotite, pyrite and chalcopyrite, hosted by a thick package of mafic volcanics with interbedded metasedimentary, and felsic and ultramafic (komatiitic) flows (Archaean Upper Eastmain River greenstone belt).
These claims were selected to cover prospective geology and geochemical and geophysical anomalies. Nine priority Au-Ag-Cu-Zn targets have been selected for initial follow-up. An airborne EM survey and ground follow-up is recommended.
On March 24, 2015, Anthem announced that it has signed a binding letter of intent to option its Chateau Fort gold property in central Quebec to Tarku Resources Ltd. (TSX.V: TKU).