Early-stage Precious Metals Exploration in Under-explored Areas of the Abitibi Region and the Eeyou Istchee James Bay Region in Quebec
This LaSalle Exploration Corp. profile is part of a paid investor education campaign.*
LaSalle Exploration Corp. (TSXV:LSX) is a resource exploration company focused on early-stage exploration in under-explored districts of the Abitibi region as well as the developing Eeyou Istchee James Bay region located in the province of Quebec.
Although the company is in the early stage of exploration, it has a solid portfolio of assets including the Radisson gold property, the Blakelock gold-copper property and its recently acquired Egan gold property.
The Radisson property is situated in the Eeyou Istchee James Bay Territory approximately 90 kilometers away from Newmont Corporation’s (TSX:NGT) Eleonore gold deposit. Radisson, which LaSalle acquired in 2011, spans 4,450 hectares and comprises 86 claims.
In July 2020, the company officially began exploration at its Radisson property. LaSalle had previously discovered widespread gold-copper-silver mineralization in favorable metavolcanic, mafic intrusive and metasedimentary rocks known to the region. These showings are distributed across areas in the central portion of the property in areas explored to date with outcrop grab sample results up to 25 g/t gold and 0.22 percent copper, 6.3 g/t gold and 3.08 percent copper, and 5.1 g/t gold and 5.30 percent copper.
LaSalle is working towards developing drill targets.
LaSalle’s second key project is the Blakelock property, which is situated in northeastern Ontario along the Casa Bérardi Deformation Zone in the western part of the northern Abitibi Greenstone Belt. Blakelock covers a 15-kilometer-long portion of this prolific deformation corridor that includes the Casa Berardi gold mine. Sized at 3,730 hectares, the Blakelock property has 230 cell claims.
LaSalle acquired the Blakelock property from Pan American Silver subject to a $400,000 exploration expenditure by December 2021 and a retained two percent net smelter return royalty with a buydown to 1 percent. Previous drill intersections prior to LaSalle include 10.9 g/t gold over 10.25 m and 11.53 g/t gold over 6.0 m.
In August, LaSalle announced it had entered into an option agreement to acquire the Egan Gold property, which spans an area of over 4,700 hectares and is located near three active gold mining camps: Timmins, Kirkland Lake and the Young Davidson Gold Mine. LaSalle takes pride in leveraging its knowledge of the area it is exploring and is proudly working with the local First Nations community.
LaSalle Exploration’s Company Highlights
- Exploring underexplored districts of the Abitibi region in addition to the Eeyou Istchee James Bay Region
- Has two key projects — the Radisson property and Blakelock property — both of which are in the early stages of exploration
- Began exploration of the Radisson property in July 2020
- Previously discovered widespread gold-copper-silver mineralization in the region
- Acquired its Blakelock property from Pan American Silver subject to a $400,000 exploration expenditure by June 2021 and a retained 2 percent net smelter returns royalty with a buydown to 1 percent
- Identifying drill targets as well as geophysical work at Blakelock in late 2020
- Announced acquisition of the Egan Gold property in August 2020
LaSalle Exploration’s Radisson Property
Located in the Eeyou Istchee James Bay Territory, the Radisson gold-copper-PGE property is located roughly 90 kilometers away from Newmont Corporation’s Eleonore gold deposit. The Radisson property, which LaSalle acquired in 2011, spans nearly 4,500 hectares and contains 86 claims.
In previous exploration programs, LaSalle discovered gold-copper-silver mineralization on Radisson, which is distributed across areas in the central region of the property. Sample results yielded up to 25 g/t gold and 0.22 percent copper, 6.3 g/t gold and 3.08 percent copper, and 5.1 g/t and 5.30 percent copper.
In July 2020, LaSalle officially began its exploration at the Radisson property, which is expected to be followed by diamond drilling.
LaSalle Exploration’s Blakelock Property
Located in Northeastern Ontario on the Casa Bérardi Deformation Zone in the western part of the northern Abitibi Greenstone Belt, the Blakelock property is LaSalle’s second key project. Blakelock covers a 15-kilometer-long portion of this prolific deformation corridor and includes the Casa Berardi Gold Mine. Spanning roughly 3,700 hectares, the Blakelock property comprises 230 cell claims.
LaSalle acquired the Blakelock property from Pan American Silver subject to a $400,000 exploration expenditure by June 2021 and a retained 2 percent net smelter returns royalty with a buydown to 1 percent.
In March 2020, LaSalle began gold exploration on the Blakelock property and anticipates it will be able to identify drill targets and geophysical work sometime before the end of the year.
LaSalle Exploration’s Egan Property
Spanning over 4,700 hectares, the Egan property is LaSalle’s latest acquisition. The property is close to three actively producing gold mining camps — Timmins, Kirkland Lake and the Young Davidson Gold Mine near Matachewan. These camps represent some of the world’s richest, with a total production of more than 115 million ounces, all within the Abitibi Greenstone Belt in Northeastern Ontario.
LaSalle has completed due diligence sampling of the Egan property and confirmed there was a presence of high-grade gold mineralization at the E1 Zone with all nine grab samples collected in the shear zone, returning anomalous gold values ranging from 0.09 g/t to 63.70 g/t gold, including individual select grab samples yielding 63.70 g/t, 4.70 g/t and 22.70 g/t gold. Two separate composite chip samples were collected near the shear zone that had not been sampled previously. These composites returned 7.67 g/t over 3.0 meters and 2.80 g/t over 4.0 meters.
LaSalle Exploration’s Management Team
Ian Campbell, president, CEO and Director
With over 35 years of junior mining experience, Ian Campbell was president, CEO and director of Temex Resources Corp between 2005 until its Plan of Arrangement with Lake Shore Gold Corp. in 2015. Most recently, Mr. Campbell has served as Manager of Projects with Taho Resources Inc., and has been integral in identifying, acquiring and developing exploration projects, joint ventures and strategic relationship arrangements with junior and senior exploration and mining companies as well as First Nations communities.
Daniel Innes, Director and Chair
Mr. Innes has served as a geologist in the Sudbury Mining District, where he worked as a mineral deposits specialist geologist responsible for Cu-Ni-PGE’s with the Ontario Geological Survey. From there, Mr. Innes has focused on work with the mineral exploration industry, consulting for many junior exploration and major mining companies working in Canada, USA, Mexico, Central and South America, Australia and Asia. Mr. Innes has worked as a founder, past chair, president and CEO for a range of junior exploration mining companies, including Lake Shore Gold Corp.
Arnold Klassen, Chief Financial Officer
As a CPA, Arnold Klassen has over 35 years of experience in accounting, audit and tax and has over 30 years of experience in the mining industry. Mr. Klassen entered the mining industry in 1984. Prior to this, he spent seven years working with KPMG and holds a degree in commerce from the University of British Columbia. He has served on the boards of Lake Shore Gold Corp. and Claude Resources Inc. during their Plan of Arrangements and is currently a Director of Kirkland Lake Gold Ltd. and GFG Resources Inc.
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