- 7.84 g/t gold over 9.8 metres, together with 39.81 g/t over 1.8 metres;
- 4.43 g/t over 46.1 metres, together with 21.60 g/t over 6.0 metres;
- 5.47 g/t over 33.6 metres, together with 25.91 g/t over 5.4 metres; and
- 4.08 g/t over 18.6 metres, together with 13.22 g/t over2.15 metres.
Azimut considers Patwon to be one of many largest gold finds within the James Bay area since Éléonore was found in 2004. The profitable Éléonore mine, owned by Newmont (TSX: NGT; NYSE: NEM), produced nearly a quarter-million ounces of gold final 12 months.
The Patwon mineralization has been outlined over a strike size of 500 metres and a minimal depth of 400 metres and stays open at depth. The estimated width is about 36 metres primarily based on the outcomes of 40 earlier drill holes, however the true width may be as much as 80 metres. The zone seems to be constant, huge and predictable. It reveals easy geology with no inner folding or crosscutting barren dykes, and grade could enhance with depth, in keeping with Azimut.
The Elmer property on which Patwon is discovered is positioned about 285 km north of Matagami, Quebec, and 60 km east of Eastmain. The paved James Ray Highway is simply 5 km to the east.
(This text first appeared within the Canadian Mining Journal)