The Fabre property, 100% owned by Matamec, is located in the Lake Témiscamingue region about 10 km from the Cobalt historical mining camp, which produced about 20,450(1) tonnes of cobalt at different periods during the 20th century. It is also within 8km of the site for the former Keeley-Frontier silver-cobalt mine, which produced 19Moz of silver and 3.3Mlbs of cobalt from 1907 to 1965.
The 2,930 ha property encloses the key lithological units related to cobalt-enriched mineralization. The property’s geology includes sheared mafic volcanics overlain by sediments of the Gowganda Formation and cross cut by gabbroic intrusions. At the regional scale, the Fabre area corresponds to the southern extension of north to north-west faults passing through the Cobalt Mining Camp on the Ontario side.
Historically, copper and gold occurrences have been discovered inside the property area. Sulphide mineralization is associated with quartz veins hosted by chloritic shear zones exposed at surface. Historical records show enrichment in the following elements: Cu-Zn-Ag-Au. The historic exploration data does not enable the tracing of the extension or the geometry of the mineralized system, nor does it indicate if other elements like cobalt are present.
The company plans to validate this historical information by resampling and assaying for other critical elements. In addition, the upgrading of the geophysical coverage should allow for the interpretation of the structural pattern controlling metal distribution in this sector.