Geology
The volcanic rocks and granitic intrusion that underlie the 268-hectare Goldex property in Dubuisson Township form part of the southern Abitibi Greenstone Belt. The sequence of intermediate to mafic and ultramafic volcanic rocks dip steeply to the northeast. They are intruded by a large table-shaped quartz-diorite body (the “Goldex Granodiorite”) that also dips steeply to the northeast, and minor cross-cutting feldspar-porphyry dykes. The Cadillac-Larder Lake Fault Zone crosses the southern limit of the Goldex property.
Deposits
There are several zones of gold mineralization with isolated ore-grade intercepts over mineable widths on the property, and all of them except the South Zone are hosted by the Goldex Granodiorite. The main concentration of gold mineralization is the Goldex Extension Zone (“GEZ”), which extends from 500 metres to 800 metres below surface and 450 metres along strike, varying from 25 metres thick along the edges to over 150 metres thick in the middle. In the GEZ, gold mineralization is related to a stockwork of pyrite-bearing quartz-tourmaline veins that constitute 10% to 50% of the rock volume. Albite alteration and disseminated pyrite associated with these veins overprint earlier sericite and chlorite alteration. Two principal vein orientations have been recognized – subhorizontal sets of narrow veins (less than 0.6 metres thick) form stacked vein zones up to 8 metres thick, and less common subvertical veins (up to 3 metres thick) oriented east-west.
Most of the gold at Goldex occurs as microscopic particles associated with pyrite, while the rest is in the form of coarse native gold grains of up to a few millimetres in size. The processing methods chosen to recover gold take advantage of its coarse native character and its association with pyrite.