Molybdenum News Center

New Cu-Mo-Au-Ag and Au Showings Were Discovered in James Bay

Midland Exploration inc. (Midland) and Altius Minerals Corporation (Altius) announced the discovery of new Cu-Mo-Au-Ag and Au showings in James Bay, Quebec. These showings were found during a regional project generation program performed in June.

The new Lothlorien project is located about 7 kilometers south of the Trans-Taïga road. The project, comprising 38 claims, was staked after the discovery of high-grade copper, gold, molybdenum and silver. The area was visited to investigate a Mo-Cu showing found by Quebec government geologists in 2010 (“Pamela” showing), which has not had any additional reported work. The resampling of the original Pamela showing returned 0.47% Mo in a grab sample (note that grab samples are selective by nature and values reported are not representative of mineralized zones).

The new Galadriel showing was found about 50 meters to the west of Pamela.  All four grab samples collected on Galadriel returned high-grade Cu-Mo-Au-Ag values, up to 7.19% Cu, 0.70% Mo, 4.3 g/t Au and 61 g/t Ag. It occurs as disseminated to semi-massive chalcopyrite and disseminated molybdenite within garnet-muscovite paragneiss.

Finally, the new Cu-Au-Ag Celeborn showing occurs as subcrop located about 225 meters west of the Pamela showing. Mineralization is found as magnetite-chalcopyrite stringers/clusters and as quartz-chalcopyrite veins in paragneiss. Values up to 2.37% Cu, 21.2 g/t Ag and 0.66 g/t Au were returned from three grab samples. The three showings form an E-W mineralized trend that is 225 meters long and is open in both east and west directions. The Cu-Mo-Au-Ag signature of the mineralization points to a magmatic-hydrothermal system associated with felsic intrusions.   

The new Fangorn Au project is located about 35 kilometers southeast of Hydro-Quebec’s LG-3 airport and of the Trans-Taïga road. The project was initiated following the discovery of a gold-bearing felsic dyke that returned 5.62 g/t Au associated with high Mo (143 ppm) and Bi (263 ppm) in a grab sample. The dyke is found within a volcanosedimentary sequence that includes paragneisses, iron formations and ultramafic intrusives. The Au-Mo-Bi geochemical signature and the felsic intrusive host rock suggest an intrusion-related gold system. The Fangorn project comprises 16 map-staked claims.

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