The New Pascalis gold discovery

"The New Pascalis property is situated in Louvicourt and Pascalis townships, about 200 km east of Val d'Or, Quebec. It is made up of 38 claims under option to SOQUEM since August I, 1981 during which time SOQUEM has earned a 60% interest. The property is underlain by archean basaltic volcanics that have been intruded along the west boundary by the Bourlamaque batholith, and by north -trending dykes.The 1982 disco very is related to the re-evaluation of a 1931-gold showing located in the southeastern part of the property, a combination of the presence of a weak IP anomaly at the eastern end of the showing and overburden stripping at that location, resulted in the discovery of a mineralized diorite dyke.The dyke, which strikes N 20 ° Wand dips vertically , has intruded E-W striking agglomerates. The dyke contains south dipping, gold-hearing quart z-tourmaline-pyrite veins that are distributed in a ladder-type arrangement. Visible gold may he observed in drill core, and is generally associated with pyrite porphyroblasts.Diamond drilling has outlined th e dyke for a strike length of 300 11/ and a width of about 10 m, Result s of this drilling indicate, to a depth of 155 m, reserves of 834 000 metric tonnes grading 8.25 g Au/t un cut or 5.38 g Au/t cut to on e ounce. However, four deeper holes have added depth extension to 400m. Also, west of the dyke and within 150 m, other promising gold values have been intersected within quartz-tourmaline veins associated with other parallel dykes."