- 7.84 g/t gold over 9.8 metres, including 39.81 g/t over 1.8 metres;
- 4.43 g/t over 46.1 metres, including 21.60 g/t over 6.0 metres;
- 5.47 g/t over 33.6 metres, including 25.91 g/t over 5.4 metres; and
- 4.08 g/t over 18.6 metres, including 13.22 g/t over2.15 metres.
Azimut considers Patwon to be one of the largest gold finds in the James Bay region since Éléonore was discovered in 2004. The successful Éléonore mine, owned by Newmont (TSX: NGT; NYSE: NEM), produced almost a quarter-million ounces of gold last year.
The Patwon mineralization has been defined over a strike length of 500 metres and a minimum depth of 400 metres and remains open at depth. The estimated width is about 36 metres based on the results of 40 earlier drill holes, but the true width can be up to 80 metres. The zone appears to be consistent, wide and predictable. It exhibits simple geology with no internal folding or crosscutting barren dykes, and grade may increase with depth, according to Azimut.
The Elmer property on which Patwon is found is located about 285 km north of Matagami, Quebec, and 60 km east of Eastmain. The paved James Ray Road is only 5 km to the east.
(This article first appeared in the Canadian Mining Journal)
