Report on the Properties

GM 15663 REPORT ON THE PROPERTIES REPORT ON THE PROPERTIES of FAB METAL MINES LIMITED by Lionel R. Simard, M.Sc., P. Eng. :4.*râi..s ~ ~eâNC:rAUX Na / d b 4.„ Toronto, Ontario 1 November 20, 1964 i ~~~ ~.,..~ t ~ -1 ,~ ; REPORT ON THE PROPERTIES of FAB METAL MINES LIMITED INTRODUCTION The Company holds title to mining properties located as follows: Ontario 1. Cardiff Township Quebec 2. Urban Township - Three Properties "A", "B" and "C" ~ 3. Carpiquet Township 4.. Barry Township New Brunswick 5. Parish of Bathurst, County of Gloucester. 6. Otter Lake, County of Gloucester The character, extent and condition of surface exploration and development of each are described below. No surface plant or equipment is present on any of these properties. There has been no underground exploration or development (except diamond drilling from surface, where mentioned) and no underground plant or equipment is present on any of the properties During 1964 work was done on the Barry Township property and on the New Brunswick property in the Parish of Bathurst. Exploration work was carried out in the general area of Urban, Carpiquet and Barry Townships in Quebec. The company has acquired claims as a result of this work. 1. ONTAR:LO - CARDIFF TOWNSHIP PROPERTY The company holds mining rights on eight surveyed and patented mining claims numbered .company to E0-6210, E0-7945, E0-7946, EO-6214 and E0-6215. The first six claims form a contiguous group and are largely covered by the waters of Paudash Lake. Claims EO-6214 and 6215 lie to the east of the previous group and are one claim removed. In addition the company holds title to both surface and mineral rights on the east one-half of lot 10, concession 4, Cardiff Township, containing approximately 40 acres. LOCATION, ACCESS, ETC. The property lies some 40 miles northeasterly from the City of Peterborough. It is easily reached from paved highway No. 28, which passes within 2 miles of the claim group, by secondary roads which traverse the claim group. The town of Bancroft is situated about 14 miles to the northeast of the property on highway No. 28. The claims adjoin to the south and east of the property of Bicroft Uranium Mines Limited which bas been a substantial producer of uranium oxides for the past four and a half years. This property is now the Bicroft Division of Macassa Gold Mines Limited. Topographical relief is rather low. There are a number of cleared fields scattered over the eastern area of the claims. Paudash Lake covers a large portion of the western half of the property. The land portion of the property has been generally cleared of timber. PREVIOUS WORK The economic potential of the property has been investigated by geological mapping, a geiger counter survey of all outcrop areas and by two diamond drill holes totalling 1,833 feet of drilling. GEOLOGY The area is underlain with biotite hornblende and granite gneisses and crystalline limestone dolomite and greywacke and intruded with stocks and dykes of granite, syenite and gabbro. The consolidated rocks which outcrop on the eastern half of the property are composed of an assemblage of paragneisses including crystalline limestone, dolomite, greywacke and biotite gneiss. These have been intruded by small dykes of pink granite. The western portion of the property is covered by a part of Paudash Lake. The east half of lot 10, concession 4, is underlain by sedimentary gneisses. There are no known radioactive occurrences on the property and there is no recorded program of exploratory work. - 2 ECONOMIC GEOLOGY Deposits of radioactive minerals including those of uranium, thorium and rare earths have been located in several places in the area. These are contained in pegmatite-like dykes usually located in the gneissic formations between the intrusive granites and the Precambrian limestone series. A substantial production of uranium oxides was obtained from three deposits in the area. Production has now ceased. A number of pink granite dykes mapped on the property in 1953 were found to be slightly radioactive. In the northern part of the property, on claim E0-7945, two drill holes were completed early in 1951+ to attempt to reach the Bicroft Uranium Mines Ltd. ore zone on the assumed projection of its southerly strike projection and easterly dip. In hole No. 1 this zone or a similar one was entered at 598 feet below surface and in hole No. 2 at 783 feet below surface. Neither hole was continued to reach the footwafl of the zone. The best assays encountered were in hole No. 1 and are recorded as follows: Vertical Depth (ft) Core Length (ft) % U308 817 1+.8 0.013 835 2.1+ 0.039 CONCLUSIONS • It seems probable that a geological horizon within which are found intrusive dykes containing radioactive minerals, enters the northwesterly part of the property at a depth of several hundred feet below surface. It has not been determined whether this represents the projection to the south of the Bicroft ore zone. However, there is a marked similarity between the characteristics of r,his zone and the one in which the Bicroft ore deposits occur. Any future effort to explore the property for deposits of radioactive minerals should be concentrated on the favorable horizon already indicated by previous diamond drilling. RECOMMENDATIONS Inasmuch as the future market for Canadian uranium production is considered uncertain at this time, it is recommended that no expenditures be made on the property, other than those required to retain title to the mining claims. How- ever, if the situation is clarified at some future date, in favor of new or increased production of uranium oxides, then some consideration should be given to additional diamond drilling on the property. 0 2. QUEBEC - URBAN TOWNSHIP - PROPERTY "A" PROPERTY The property of Fab Metal Mines Limited consists of seven (7) unpatented mining claims numbered as follows: Certificate Claims Registered No. i /~ -lC.~ - ~ .s 14'6-599- 1 A-285202 2 A-285203 ..,, g_ c ,S 178208 ,R 1 3 4 u 5 These claims are unsurveyed and may be oversize, possibly with an area of 400 acres. LOCATION, ACCESS, ETC. The ;property is located in the west central part of Urban Township, County of Abitibi East, Province of Quebec. The Penache and Macho rivers junction and flaw through the property. • The best means of access to the property is by aircraft based at Senneterre, Quebec. Numerous lakes and rivers near and on the property afford many landing bases for bush aircraft. TOPOGRAPHY AND PHYSIOGRAPHY The surface of the property is quite flat, broken only by a few low hills that seldom reach elevations of 75 feet above the swamp and muskeg. Bedrock exposures are scarce. GEOLOGY The consolidated rocks in the immediate area are all Precambrian in age. They consist of Keewatin type intermediate to basic lavas, cut by minor basic intrusives. The strike of the rocks is generally east west with dips from 40 to 80 degrees to the south. Regionally the rocks have been closely folded, forming a large synclinorium, flanked by acid intrusives and gneissic derivatives. A regional fault, paralleling the Macho river lineament, passes near the • western limits of the property. 4 ECONOMIC GEOLOGY Up to the present time, gold is the only metal that has been found in any quantity in the area. It usually occurs in quartz veins and mineralized shear zones. In the latter type, pyrite with lesser amounts of pyrrhotite and chalcopyrite and other sulphides are generally disseminated throughout the rocks in these zones. In the past, it can be stated that the covering mantle of overburden has prevented any systematic search for both gold and base metal deposits. Advanced instrumentation of geophysical methods affords a new approach to such overburdened areas. PREVIOUS WORK In November 1958 an aerial electromagnetic survey was conducted over the two northerly claims of the property as presently constituted. The results of this work indicated two relatively weak anomalous zones. In 1959 the northern claims were included in widely spaced ground magnetic profiles and helicopter electromagnetic surveys. In 1960 an electromagnetic survey was conducted which included claims No. 1 and 2 of Certificate 146559: This work consisted of a reconnaissance type electromagnetic survey. Pace and compass traverses were conducted from a cut and picketted base line. These traverses were run at right angles to the base line at intervals varying from 300 to 1150 feet. Additionally, some magnetic work was done on claim 2, Certificate 146559 An electromagnetic anomaly was outlined trending across the southern part of claim 2, Certificate 146559.1 It strikes N600E, astronomic, varies in width and exhibits ratios of the order of 0.5 to 0.6 of the in-phase to out-of-phase components of the secondary field. These ratios are a measure of the conductivity of the conductor and in this instance are diagnostic of a poorly conductive body. The anomaly was investigated by 815 feet of diamond drilling in three holes. The holes all cut an interbanded sequence of rhyolite, rhyolite porphyry, quartz porphyry and tuffs. The tuffs are well bedded, graphitic and contain disseminated pyrite and pyrrhotite. A few grains of chalcopyrite were noted in one hole. Extensive sampling of the core returned assays of from nil and trace in gold and silver to highs of 0.06 ozs. in gold and 0.10 ozs. in silver per ton. From these results it is concluded that the E.M. anomalous zone, which is coincident with the resistivity anomaly, is caused by well bedded tuffs, partly graphitic and carrying pyrite-pyrrhotite sulphide mineralization.

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