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as of 3:57pm EDT, 2/27/2017

Fuller Property

The Fuller Property is located in the Tisdale Township, approximately 3 km southeast of Timmins, in the heart of the Timmins gold camp. The property is 100% owned by Lexam VG Gold and it is within 2 kilometres of mines that have produced in excess of 55 million ounces of gold and that include Hollinger, McIntyre and Dome Mines. The property neighbours the Buffalo Ankerite Mines to the south (past production 1 million ounces and owned by Lexam) and the Paymaster Mine to the east (past production 1.2 million ounces and 60% owned by Lexam).

Since its discovery in 1910, the property has been intermittently explored and was subject to minimal production. Lexam has conducted exploration programs and successfully identified a number of highly mineralized zones, both at shallow levels and to depth. These results are encouraging and demonstrate further potential for exploration.

 
Highlights of Near Surface Fuller Drill Results
  Hole # Zone From To Width Grade  
    (m) (m) (m) (gpt)  
  2-30-VED CZ1 0.8 3.7 2.9 115.90  
  D15-47-VED GC2 3.8 5.5 1.7 135.11  
  375L-1-VED INT 0.0 6.1 6.1 39.47  
  375L-2-VED INT 0.0 12.2 12.2 5.38  
  2-31-VED HW 12.5 15.6 3.1 50.86  
           
Highlights of Deeper Fuller Drill Results
  Hole # Zone From To Width Grade  
    (m) (m) (m) (gpt)  
  UG-88-70-VED HW 130.3 132.9 2.6 110.38  
  VG96-08-VED HW 293.8 300.5 6.7 36.75  
  5-48-VED CZ1 63.1 68.4 5.3 16.76  
  VG96-26-VED HW 392.6 409.7 17.1 4.23  
  VG96-30-VED CZ 554.7 562.0 7.3 11.41  

View here more historic drill results.

Follow-up drilling on the property started in 2011. New favourable results with good widths were obtained in a quartz-feldspar porphyry structure with its adjacent volcanics. The figure below exemplifies these results. The complete drill data is available in the Company’s press releases from November 29, 2011, March 1, 2012, July 11, 2012 and January 31, 2013.

Together with the enveloping mafic structure that hosts most of the property's historic resource, the quartz-feldspar porphyry structure represents a property deposit that was re-assessed in consideration of a new open pittable resource estimate.
Below are the 2013 updated NI 43-101 compliant resource estimates on the property:

  Fuller Open Pit Resource Estimate (calculated at cut-off of 0.51 gpt Au)
Indicated       Inferred    
  Tonnes (000's)   Grams per Tonne   Gold (ounces)     Tonnes (000's)  Grams per Tonne  Gold (ounces)
 5,332  1.68  290,000    2,704  1.30  112,000

  Fuller Underground Resource Estimate (calculated at cut-off of 2.57 gpt Au)
Indicated       Inferred    
  Tonnes (000's)   Grams per Tonne   Gold (ounces)     Tonnes (000's)  Grams per Tonne  Gold (ounces)
 327  5.76  61,000    844  4.97  135,000

To view our resource page please click here.
To view project area photos and maps please click here.

Projects

Timmins Gold Camp
        Buffalo Ankerite
        Davidson Tisdale
        Fuller
        Paymaster
        PEA
Baca

   

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