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Harfang Exploration Inc. acquires the Lake Tapiatic Project by targeting new gold and copper plays in James Bay (Québec)
MONTREAL, June 12, 2019 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang” or “Corporation”) (TSX-V: HAR) is pleased to announce the acquisition of the Lak
About this update from Harfang Exploration, Inc.
[{"type":"text","content":" MONTREAL, June 12, 2019 (GLOBE NEWSWIRE) -- Harfang Exploration Inc. (“Harfang” or “Corporation”) (TSX-V: HAR) is pleased to announce the acquisition of the Lake Tapiatic Property (“Property”) located in James Bay (Québec). This wholly owned Property is considered as highly prospective for gold and copper mineralizations. The Corporation is going to undertake a field reconnaissance program on the Property during summer 2019 which will include prospecting and rock sampling. The Property, composed of 146 claims (7,430.22 ha), was acquired by map designation as part of Harfang’s project generation. This area, easily accessible all-year round by ground transportation, was selected following the identification of several specific features favourable for gold and copper mineralizations (Figures 1 to 2): Favourable geology: one of the largest sedimentary (wacke, paragneiss and iron formations) and volcanic Archean basins near the prolific contact between the La Grande and Opinaca subprovinces; similar geological settings are known to host gold deposits in James Bay (e.g. Éléonore Mine, and La Pointe and Orfée prospects); chemical traps for gold mineralization; Favourable lake-sediment geochemistry: strong copper anomalies in lake-bottom sediments in the southern part of the Property from samples collected in 1973 and 1974; original analyses included three major anomalies (255, 200 and 129 ppm); two of these samples reanalyzed in 2010 by the ministère de l’Énergie et des Ressources naturelles du Québec returned similar values (>99.8 percentiles); the third sample was not reanalysed; Favourable structural context: polyphased deformational events of the volcano-sedimentary package and fold axes dismembered by plurikilometric structural corridors; structural traps for gold mineralization. Historical exploration work was limited to the eastern part of the Property. Virginia Gold Mines completed an airborne Mag-EM survey in 1997 and Midland Exploration completed an airborne magnetic survey in 2013 looking for the iron potential of magnetite-rich iron formations. Ground investigation was minimal and restricted to small scale areas. As a project generator, Harfang is continuously evaluating new prospective grounds in underexplored areas to strengthen its project portfolio. Several of these targets will be prospected during summer...