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Gold Properties

The Matamec Gold division comprises 8 properties, with another 2 in the process of acquisition. The company focuses on acquiring high-potential properties in Québec and Ontario that share geological settings with gold mines in production. These include:

  • In the geological setting that hosts the Éléonore mine near James Bay in Québec:
    • The Sakami property, 50% owned by Matamec, covers the Opinaca-La Grande geological contact. Results from its Summer 2016 drilling campaign in the La Pointe Zone included 4.94 g/t Au over 21.05m
    • The Opinaca Gold West property, 100% owned by Matamec, is situated along the same geological formation as Goldcorp’s Éléonore gold mine where new gold potential along this trend has been identified. The claims block covers a series of geochemical gold-arsenic anomalies and geological elements that suggests the presence of a gold bearing system along approximately 40 km

  • Near the Casa Berardi mine north of Lasarre, QC, in the James Bay region:
    • The Casa Détour property, 100% owned by Matamec, a possible extension of the Burntbush-Detour Gold property just across the Ontario-Québec border

  • Along the stratigraphic rock formations east of the Hoyle Pond Mine in the world-class Timmins Gold Camp, an area that has produced more than 70 million ounces from large deposits that exceed 1,800m in depth:
    • Matamec holds a 1% net smelter royalty (NSR) on the Hoyle-Matheson Royalties (HMR) property, which is contiguous to the operating Hoyle Pond Mine in Timmins, Ontario. The Leased Mining Rights and Fee Simple Mining Rights property are wholly owned by Goldcorp
    • Matamec owns a 50% interest in the Matheson JV property, also close to the Hoyle Pond Mine in Timmins
    • The Matheson-Pelangio property, 100% owned by Matamec, also in the vicinity of the Hoyle Pond Mine north of the Destor-Porcupine Fault
    • Matamec holds a 1% net smelter royalty (NSR) on the Montclerg property, located nearby on the Pipestone Fault

  • In the promising setting of the historic Candego mine, in the Gaspé region:
    • The Valmont property hosts Pb-Zn-Ag-Au mineralization from the historic Candego mine and several gold-bearing vein systems, and is being explored for a Cu-Au porphyry system
Guy Desharnais, P.Geo., Ph.D. (OGQ No.1141), is a Qualified Person as per NI 43-101; he is employed by SGS Canada Inc., is independent of Matamec, and has reviewed and approved the technical content and of the properties in this section.