The MERN released multiple exploration targets on and around the Property . One of them is target SMV-2005_1815 and is categorized as a “High-favorability zone for VMS mineralization types in the Abitibi area.”
Mineralized showings are located in the surrounding of the Property and are at various stages of exploration. They are often located at the contact between the basalts and the andesites of the Assup Group. The Company covers over 3km of this contact. The Aurora Group mafic and intermediary volcanic rocks also host gold and metallic showings, and the group extends through-out the Property.
A recent review of the soil geochemistry data uncovered the presence of multiples polymetallic (Ag, Cu, Zn) trends in the Property’s northern area. Subsequently, the Company acquired 10 claims to cover the expected anomaly source. Neighbor to the expected source is a showing that graded up to 3.32% Mo ; 2.06% Zn ; 0.2% Cu ; 1.03 g/t Au and 5.14 g/t Ag in a grab sample. The polymetallic nature of the mineralization indicates the potential for a porphyry type deposit, and the Company believes that a similar deposit type could be at the source of the soil anomalies.