Updated 3/29/2017 Gold Properties
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE JV deposit owned at 72% by the Company and 28% by Ressources Qubec; Toyota Tsusho Corp. (Nagoya, Japan) holds a 10% royalty on net profit in the deposit. Furthermore, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Hoyle-Matheson Royalties, Matheson JV and Pelangio properties located along strike and in close proximity to the Hoyle Pond Mine in the prolific gold mining camp of Timmins, Ontario. Also, the Company holds a 1% NSR royalty in the Montclerg Property located 48 km northeast of Timmins along the Pipestone Fault.
In Qubec, the Company is exploring for rare metals on its Tansim property and for precious and base metals on its Sakami, Valmont and Vulcain properties.
The Matamec Gold division comprises 8 properties, with another 2 in the process of acquisition. The company focuses on acquiring high-potential properties in Québec and Ontario that share geological settings with gold mines in production. These include:
- In the geological setting that hosts the Éléonore mine near James Bay in Québec:
- The Sakami property, 50% owned by Matamec, covers the Opinaca-La Grande geological contact. Results from its Summer 2016 drilling campaign in the La Pointe Zone included 4.94 g/t Au over 21.05m
The Opinaca Gold West property, 100% owned by Matamec, is situated along the same geological formation as Goldcorp’s Éléonore gold mine where new gold potential along this trend has been identified. The claims block covers a series of geochemical gold-arsenic anomalies and geological elements that suggests the presence of a gold bearing system along approximately 40 km
Near the Casa Berardi mine north of Lasarre, QC, in the James Bay region:
- The Casa Détour property, 100% owned by Matamec, a possible extension of the Burntbush-Detour Gold property just across the Ontario-Québec border
Along the stratigraphic rock formations east of the Hoyle Pond Mine in the world-class Timmins Gold Camp, an area that has produced more than 70 million ounces from large deposits that exceed 1,800m in depth:
- Matamec holds a 1% net smelter royalty (NSR) on the Hoyle-Matheson Royalties (HMR) property, which is contiguous to the operating Hoyle Pond Mine in Timmins, Ontario. The Leased Mining Rights and Fee Simple Mining Rights property are wholly owned by Goldcorp
Matamec owns a 50% interest in the Matheson JV property, also close to the Hoyle Pond Mine in Timmins
The Matheson-Pelangio property, 100% owned by Matamec, also in the vicinity of the Hoyle Pond Mine north of the Destor-Porcupine Fault
Matamec holds a 1% net smelter royalty (NSR) on the Montclerg property, located nearby on the Pipestone Fault
In the promising setting of the historic Candego mine, in the Gaspé region:
- The Valmont property hosts Pb-Zn-Ag-Au mineralization from the historic Candego mine and several gold-bearing vein systems, and is being explored for a Cu-Au porphyry system
Guy Desharnais, P.Geo., Ph.D. (OGQ No.1141), is a Qualified Person as per NI 43-101; he is employed by SGS Canada Inc., is independent of Matamec, and has reviewed and approved the technical content and of the properties in this section. Energy Properties
The Matamec Energy division is focused on the exploration and development of properties that feature key elements related to energy. These include its flagship project, the Kipawa Rare Earths JV, a joint venture with Ressources Québec located in the Témiscamingue region. The Kipawa deposit features light and heavy rare earth elements, and is enriched in heavies.
The Matamec Energy division portfolio also includes lithium deposits at the Tansim, Opinaca Lithium and R2D2 properties; cobalt and silver at the Fabre property; and nickel, copper, cobalt and platinum group metals at the Vulcain property.
Guy Desharnais, P.Geo., Ph.D. (OGQ No.1141), is a Qualified Person as per NI 43-101; he is employed by SGS Canada Inc., is independent of Matamec, and has reviewed and approved the technical content of the properties in this section.
SHARE STRUCTURE :
|Total Shares Issued and Outstanding 136,079,794 ||: || || |
|Shares Under Option Plan* ||: || || |
|Share Purchase Warrants Outstanding ** ||: || || |
|Total Shares Fully Diluted ||: || || |