The Lemoine project, located 25 km south of Chibougamau, encloses the former producing Lemoine Mine which produced 0.76Mt of high grade ($600/t at today's prices) massive sulphide ore. After having earned half of Inmet’s 60% interest and purchased all of Lounor’s 40% JV interest, Cogitore now owns over 70% of the project.
In terms of grade, Lemoine ranks number 2 in Canada (second only to Eskay Creek) and is within the top 1% of all VMS worldwide. The property encloses a 17 km segment of the favourable horizon hosting the deposit. Following aggressive drilling programs carried out since signing the option agreement with Loubel in 2001, a number of interesting targets have emerged, including two sectors discovered in 2005 that show clear near term potential respectively in the LEM-47 and LEM-49 areas:
|
Hole
|
From (m)
|
To (m)
|
Length (m)
|
Cu %
|
Zn %
|
|
LEM-47
|
272.0
|
297.3
|
25.3
|
0.25
|
0.81
|
|
Incl.
|
277.0
|
286.0
|
9.0
|
0.18
|
1.77
|
|
and
|
296.2
|
297.3
|
1.1
|
2.31
|
0.20
|
Hole LEM-47 was drilled approximately three kilometres southwest of the Lemoine Mine and was targeting a new potential mineralized horizon located about 250 metres north of, and stratigraphically below the horizon that hosted the past producing Lemoine Mine.
|
Hole
|
From (m)
|
To (m)
|
Length (m)
|
ppm Cu
|
Zn %
|
|
LEM-49
|
372.0
|
384.0
|
12.0
|
733
|
0.74
|
|
Incl.
|
372.0
|
379.0
|
7.0
|
926
|
1.18
|
|
Incl.
|
372.0
|
373.25
|
1.25
|
1490
|
3.19
|
All of the above noted mineralization in LEM-49 is hosted by volcanic rocks above the Lemoine mine horizon and reflects a hydrothermal system vigorous enough to breach through rocks overlying the Lemoine horizon in this area, hence justifying focused exploration efforts in the LEM-49 sector.
In later 2006, Cogitore completed a deep penetrating TITAN 24 survey in selected areas at Lemoine and interpretation of results by Quantec Geoscience is still underway. A few anomalies have been identified, including some that may require drilling.
©2006-2007 Cogitore Resources Inc. All Rights Reserved.