The Forsan property is located 45 km east of Val-d’Or, in Quebec, Canada. It is composed of 50 claims covering an area of 8 km2. It is located 6 km north-east to the former Chimo mine.
The property is located at the south-east extremity of the Abitibi greenstone belt on the end of the prolific Cadillac fault. The rocks of the Forsan property consists of a thick volcanic sequence that contain mainly mafic agglomerate and tuff. A concordant porphyritic intrusive with a north-eastern dip hosting some minor, subconcordant, grandiorite injections cut the volcanic sequence. The contact zone of the Pershing batholith cuts the north-eastern property limit. Favourable structures to gold mineralization (quartz veins, shear zones, faults) as well as competent host rocks (quartz feldspar porphyry) are present on the property.
History of Fieldwork
In 2008, a thorough exploration program was undertaken, comprising systematic compilation, outcrop stripping and a first diamond drilling program which outlined two new mineralized areas, the Forsan Southwest Zone (“FSZ”) and the Forsan East Zone (“FEZ”), located south-west and east of the Main mineralized zone (“FMZ”), respectively. A second drill program targeting the FEZ was undertaken in the spring of 2009, consisting of nine short, vertical holes totaling 454 m. Hole GSH-09-18 returned 56.86 g/t Au over 4.00 m from 42.00 to 46.00 m (including 226.00 g/t over 1.00 m). A non 43-101 compliant historical resource was released in autumn 2009 on the FMZ. With a cut-off grade of 1.00 g/t Au, an Inferred Resource of 536,500 metric tons grading 2.03 g/t Au for a total of 35,000 ounces of gold on the FMZ was defined.