FCI Property
| Overview | |
| The FCI property consists of one block of 412 claims totalling 21,105 hectares and covers 35 km of favourable geology within the Guyer greenstone belt. The FCI property is located less than 12 Km from the Transtaiga all-weather road and is readily accessible by helicopter or floatplane. To date, several gold showings have been discovered across the entire length of the property, associated with a major lithological contact between volcanic rocks and sediments. Based on field work undertaken by Virginia Mines between 1998 and 2007, these showings yielded values of up to 108.9 g/t Au in a grab sample and up to 14.3 g/t Au over 2m in channel sampling. Limited diamond drilling on the Golden Gap showing has returned one interesting intersection grading 10.48 g/t Au over 7m and several other strongly anomalous intersections varying from 1.77 g/t Au over 3m to 0.93 g/t Au over 7.9m. A significant gold-in-till anomaly (up to 123 gold grains) remains unexplained along this favorable volcano-sedimentary contact. Moreover, polymetallic showings associated with QFP intrusions and sericite schists were also discovered at both ends of the property. The Félicie showing yielded values of up to 5.54 g/t Au, 100 g/t Ag, 1.86% Cu, 1.56% Pb and 4.94% Zn in grab samples, in the western portion of the property. The Sericite showing returned values of up to 150 g/t Ag, 0.3 g/t Au, 1.89% Cuand 1.45% Zn in grab samples, in the eastern portion of the property. A NI 43-101 technical report on the FCI property was filed by Virginia Mines on SEDAR on May 27, 2009, in which complete results of exploration can be reviewed. These targets will be tested this summer by a major work program that will consist of prospecting, mapping and sampling. The technical information regarding the FCI and Auclair Projects in James Bay, Québec contained on this website has been reviewed and approved by Paul Archer, Vice President Exploration and Acquisition for Virginia Mines Inc., a qualified person as defined by NI 43-101.
FCI Property Click to enlarge  | |