TSX:
MDN | 0.280
Current price of gold:
US$ 1,722.00/oz



Project Summary: Lesperance

Owner

SOQUEM Inc. 50%, MDN Inc. 50%

Location

85 km to the WSW of the town of Chapais in northwestern Quebec

Area

The property comprises 36 contiguous claims totaling 1295.67 ha.

Geology & mineralization

The property lies within the Archean Abitibi greenstone belt, in the polymetallic Lebel-sur-Quévillon—Lac Shortt metallogenic belt.  This belt is oriented NE-SW, and is characterized by occurrences of syenite, carbonatite and kimberlite suggesting the presence of a major transcrustal structure.  The property is underlain by a kilometre-scale quartz-feldspar porphyry which intrudes mafic to felsic volcanosedimentary rock near two regional-scale deformation zones.  These rocks are mineralized with lithologically- and structurally-controlled gold and copper. 

Several former and currently operating mines occur near the property, including the Bachelor Lake gold mine (0.96 Mt at 5.4 g/t Au), Lac Shortt (2.7 Mt at 4.62 g/t Au) and Coniagas (0.72 Mt at 10.7% Zn, 1.1% Pb and 182 g/t Ag).