Highly prospective exploration company

Resource projects cover more than 1,713 km2 in three provinces at various stages, including the following: hematite magnetite iron formations, titaniferous magnetite & hematite, nickel/copper/PGM, chromite, Volcanogenic Massive and gold.

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Message: SIGNIFICANT MINERAL PROPERTIES

So, they expect better results now? We wait and see.

From Dec 10, 2015 MD&A:

"Gaspe Bay Group (Robidoux) Property, Quebec
 The Company continues its exploration activities on the Robidoux Property in western Gaspé. A 600 tonne bulk sample of the gold bearing Robidoux quartz vein material was shipped to Val D’Or in September for processing at the Camflo Mill. Some 200 ounces of gold were recovered indicating a grade of about 0.3 ounces Au/tonne. This gold was immediately sold at market prices but the high transport and processing costs rendered the exercise a break even proposition. Important lessons however, were learned about the Robidoux vein systems and their complexities, particularly the nugget effects, in recognition of which more selective sampling efforts could yield higher grades. A second bulk sample is in preparation with a view to processing at a more proximal New Brunswick facility."

 

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