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Opus One Resources Inc.
Summary
| Project: | Chibougamau | |
|---|---|---|
| Deposit: | Fecteau | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 6/26/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 26-6-2018: Opus One Resources Inc. announces an Exploration/Drilling Update report for its Fecteau deposit at the Chibougamau project. Drilling results incl. 18.0m @ 0.29g/t Au from 63.0m. MONTREAL, June 26, 2018 -- OPUS ONE Resources Inc. (the “Company” | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Tony Brisson (Internal) | |
| ABSTRACT: | MONTREAL, June 26, 2018 -- OPUS ONE Resources Inc. (the “Company” or “OPUS ONE”) – (TSX-V:OOR), is pleased to announce that recent exploration and compilation work has convinced the company that the Fecteau property hosts significant potential for gold rich base metal VHMS (Volcanic Hosted Massive Sulphides) type deposits. The Fecteau property is located in the Urban-Barry gold district where Osisko Mining recently disclosed a new resource calculation of 0.6 Moz gold indicated and 2.3 Moz gold inferred. (See Osisko Mining Inc. May 14th 2018 press release) In addition to its gold potential, Fecteau hosts a well-developed and folded unit of felsic volcanics that can be followed for approximately 15 km. The summit of the felsic unit is capped by a zone of sulphides (gossans with stringers to locally massive sulphide mineralization) creating strong sub-vertical EM conductors over ten (10) kilometers along the North flank of the Fecteau syncline and five (5) additional kilometers along the South flank. Although no massive sulphide deposit has yet been discovered on the property, numerous significant base metal results have been obtained at surface or in drill intercepts on the property. Among historical base metal results we note: 1.56% Zn over 5.6 m (Drill hole # FEC-98-01- GM56272); 1.6% Zn over 1.2 m (Drill hole #87-2- GM46447); 2.5% Cu, 1.85 g/t Au (Grab sample -GM58429) and 1.9% Cu, 1.08 g/t Au (Grab sample- GM48455). (Source: SIGEOM public database) The property is known for its precious metal potential as demonstrated by the six (6) gold showings discovered to date. Most of these gold showings are actually hosted by felsic units all over the property, especially close to NNE-SSW and E-W structures. | |
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