Detour Quebec

Detour East, Detour North, Detour Quebec SOQUEM

Detour East

The Detour East Block, 100%-owned by the Company, is located 75 kilometres north-west of Matagami and less than 5 km south of the Fenelon gold deposit (measured and indicated resources of 47,927 t at 10.7 g/t Au for 30,217 Oz Au and inferred resources of 27,245 t at 13.0 g/t Au for 11,000 Oz Au - American Bonanza Gold- NI 43-101 Jan.31, 2005). It consists of 94 mining claims for a total of 5,211 hectares and spans more than 18 km of the Sunday Lake deformation zone and 25 km of the Grasset deformation zone.

Detour North

The Detour North Block, 100%-owned by the Company, is respectively located 15 and 25 kilometres from the Detour Lake mining project (proven and probable reserves of 459.4 Mt at 1.01 g/t Au for 15 M oz Au, Detour Lake Gold corp., NI 43-101 compliant as 2014 Year-end Mineral Reserves and Resources) in Quebec, adjacent and close to the Ontario and located along the Sunday Lake Deformation Zone. The North Block contains 94 mining titles divided in two properties (Manthet and Martigny/Martigny Extension) totalling 4,895 hectares.

Detour Quebec SOQUEM

The Detour Quebec SOQUEM project is comprised of the contiguous Casgrain, Casgrain Extension, and Gaudet properties and cover more than 74 kilometres of the Lower Detour/Grasset deformation zone, 60 kilometres of the Massicotte deformation zone and 18 kilometres of the Sunday Lake deformation zone. It consists of 546 mining claims for a total of 29,147 hectares all located along the Detour Gold Trend.

On October 7, 2015, an option agreement was signed with SOQUEM INC. ("SOQUEM") to grant SOQUEM the option to acquire a 50% undivided interest in its central and western Detour Quebec gold properties, including the Massicotte Property, the Casgrain Property, the Casgrain Extension Property, the Gaudet Property and the Sicotte Property, for a total of 531 claims covering an area of 286 square kilometres. Collectively they represent the Detour Quebec SOQUEM Project. Under the terms of this agreement, SOQUEM has the option to earn 50% of the Company’s interest by fulfilling the following conditions:

  • Exploration expenditures totalling $4,000,000 over a period of four years;
  • A firm commitment of $1,000,000 during the first year;
  • Probe Metals will be project operator during the option period.