The Douay Gold Project not only hosts intrusive-related gold mineralization, but potentially also copper-zinc mineralization potentially of the volcanogenic massive sulphide (“VMS”) type, as well as orogenic gold vein systems. Gold mineralization hosted by altered mafic volcanic host rocks of the causative alkaline intrusive complex is generally of higher grade, occurring in zones such as Douay West (4.47 Mt @ 2.36 g/t Au; Micon, 2017), whereas gold hosted by altered, often porphyritic syenitic rocks forms larger lower-grade areas such as the Porphyry Zone (72.16 Mt @ 0.96 g/t Au; Micon, 2017). The Douay Resources are open along strike and down-plunge, such that brownfields exploration potential for resource expansion is considered excellent.
The greenfields portion of the Project (about 75% of the total area) remains relatively unexplored, despite its location along a major regional structure (Casa Berardi Fault Zone). This greenfields area is also considered to have potential for all three styles of mineralization mentioned above.
In 2017, the Company is committed to capturing both the brownfields and greenfields potential of the project. A thorough review and analysis of all existing geological, geochemical and geophysical data continues, which combined with new data generated from the current winter drill program as well as ongoing re-logging and sampling, will be used to refine the company’s comprehensive exploration strategy going forward. There are numerous high-priority target areas within the known resource area (e.g. recently discovered Nika Zones), but the Company remains very committed to testing brand new discovery targets throughout its large property package as well.
For further information on the Company’s ongoing exploration and drilling plans, please refer to recent press releases.