Case History of Gold Discovery Eastmain River Area, Quebec

The initial discovery of gold in the Eastmain River area, 310 km northeast of Chibougamau, was made by Placer Development Limited in 1970. This discovery resulted from the drill testing of an airborne E .M. Target located in an area of extensive glacial overburden, within an unexplored Archean greens tone belt considered prospective for base metal deposits. Intermittent exploration by another company between 1973-1977 failed to obtain promising results and the existing claims were allowed to lapse. In 1981, Placer reactivated the project and initiated intensive exploration during the next two years which included aerial E .M. surveys, claim staking, ground E .M. and magnetic surveys, geological mapping, diamond drilling and attendant borehole P,E.M. surveys. Beginning in 1983, exploration has been conducted on a joint venture basis with Eldor Resources Limited, The greenstone belt under investigation has an arcuate distribution pattern relative to a centrally located granitic core. Occurrences of gold mineralization defined to date are located to the south of the granite along a strike length of 7 km, and appear to be restricted to the lowermost of two mafic volcanic cycles. This lower cycle is dominated by basaltic flows with subordinate rhyolitic flows and pyroclas ties. Concordant, variably magnetic, massive to talcose ultramafic units occur towards the stratigraphic top of the lower mafic volcanic cycle and appear to crudely define areas considered prospective for gold on a regional bases. Economic interest in centered on a s tratabound, siliceous, sulphide-bearing unit hosted in a 15- 25 metre thick sequence of rhyolite tuffs, basalts and intercalated ultramafics, The siliceous ore bearing unit ( interpreted as a recrystallized chert) contains from 10%-30% pyrrhotite and pyrite with subordinate chalcopyri te and minor sphaleri te. Alteration is characterized by mica development, silicification and carbonatization. Garnets are also occasionally present in close proximity to the ore horizon. The sequence is south facing, and overturned to the northeast at 35°-55°. Explora tory drilling in the vicinity of two conductive targets has been on 100 metre centres along a 1 km strike length of the prospective sequence. To the end of 1983, two ore zones (A and B) have been partially drill tested with estimated indicated and inferred geological reserves of 1 million tonnes grading 11.7 g/t gold , 14.7 g/t silver and 0.26% copper. The system is open at depth. This discovery is the result of the effective integration of geophysics and geology with contributions by many over a long period of time. Key events that can be emphasized are: ( 1) initial area selection of a remote greenstone belt in 1969 - albeit for base metal deposits , (2) utilization of an airborne E .M. system which successfully targeted the A Zone in 1970 , (3) the timely reactivation of the project in 1981 and the subsequent recognition that the original discovery represented a sulphide bearing stratabound horizon with implicit volcanogenic connotations , (4) the intensive effort in 1982-83 deploying aerial and ground geophysics coupled to volcanogenic concepts of ore distribution which resulted in the discovery of the B and C Zones in 1982, and (5) the integration of downhole P . E.M. surveys and geology to successfully delineate ore at increasing depths . To the end of 1983 , $2.6 million has been expended, and it is hoped that continued effort will result in the eventual delineation of an economically viable ore deposit for the joint venture partners .