100% (owned): District Scale Iron Formation Hosted Gold
Schefferville, Quebec
Schefferville Gold Project Review & Highlights
- Phase 1 work comprised property wide prospecting, regional structural analysis, and ground truthing of targets defined through compilation of existing historical data and prioritized a number of targets for more detailed Phase 2 field work. Ethos defined 44 prospective targets on which ground truthing and prospecting were conducted during Phase 1 field work, which extended for 21 days in the early summer 2021 (see ECC press release dated October 5, 2021).
- A Phase 2 exploration program during late September to mid-October 2021 on high priority targets identified during Phase 1, including Arsene, Beluga, Wolf, Rover Valley and South Hills, and comprised geological mapping to define the extent of prospective iron formations, additional rock chip sampling on these targets, and stripping and saw-cut channel sampling in four previously unsampled areas at Arsene Prospect. Grab samples returned assays up to 8.5 g/t Au (Disco), 3 g/t Au at Arsene, 1.9 g/t Au at Wolf, 4.59, 0.6, and 0.61 g/t Au at Baleine Rouge/NE and 1.12 and 0.44 g/t Au at Beluga (Figure 1). These results confirm the prospectively of these targets.
- Project wide, approximately 53 gold occurrences grading from 1 g/t Au up to 171.5 g/t Au in mineralized iron formations have been documented. Only six of these 53 prospect areas have been historically drill tested at all. A total of 35 short holes on these six prospects yielded results including 2.23 g/t Au over 19.55 m, 10.21 g/t over 2.03 m and 1.05 g/t Au over 12.55 m.