ABE Resources Initiates 3D Modeling of Dome Lemieux Copper-Zinc Property
ABE Resources Initiates 3D Modeling of Dome Lemieux Copper-Zinc Property
VAL-D'OR, QC
,
Aug. 24, 2017
/CNW Telbec/ - ABE Resources Inc. (TSXV: ABE) (the "
Company
" or "
ABE
") is pleased to announce that a contract has been
awarded to MRB & Associés, a
Val d'Or
based geological consulting firm, to create a 3D model of the recently acquired Dome Lemieux property in the Gaspésie
region of eastern Québec. The Dome Lemieux is a large property, covering over 110 square kilometers with more than 66,000 metres of drilling completed in over
270 holes. The 3D model will incorporate the available historical exploration and geoscientific data from the area and allow the Company to build a comprehensive
model from which it can determine priority targets and plan exploration programs.
"We are shifting our attention at ABE to metals like copper that have witnessed a downturn in the commodity price but are now poised to strengthen as the
traditional uses of copper appear to be on the rise while inventories remain low" commented
Yves J. Rougerie
, President and CEO of ABE Resources. "While the
property has benefited from a great deal of historical exploration, we believe this is the first time that a land package of this size has been under the control and
direction of one company. We are very excited to see the results of this 3D model and to take a systematic approach to exploration, encompassing all the
geological, geophysical and geochemical work to date on the property."
Rougerie continued "We are also looking at other markets for copper that show tremendous growth such as lithium-ion batteries. These batteries use a number of
metals including lithium, cobalt, nickel, manganese, graphite, copper and aluminium. We are actively seeking complimentary properties that show the potential to
host these metals of the new millennium."
About the Dome Lemieux property
The Dome Lemieux property is characterized by a large buried intrusive that pushed up into the surrounding sedimentary formations forming a dome. Structurally,
the central area of the property, the dome itself, is cut by a network of regional faults that strike NE-SW to NW-SE, effectively dividing the property in structural
blocks.
The property has been explored by several different companies following the original discovery of the Federal Pb-Zn mine in 1909 and over 20 significant mineral
occurrences have since been discovered. The Federal, Big Pioneer and South Brandy occurrences were all explored underground prior to WWII through shafts
and/or adits with relatively minor lateral development and mining. Historical resources were calculated in the past for at least two deposits and some minor
unreported production was presumed from the Federal Pb-Zn deposit during WWII.
Numerous work programs have been completed on the property:
Most of the work prior to 1980 concentrated on the surface-exposed polymetallic Cu or Zn-Pb-Ag veins discovered in the central part of the property. Multiple
ground geological and geophysical surveys were performed, and at least 7 km of trenches were dug prior to 1990. Also, 105 drill holes are recorded before
1980 for a total of 21,866 metres. In 1996, a company mined a 500t bulk sample from the "Veine à René" with 130t hand sorted and sent to Noranda's
Murdochville
mill and smelter site where the average copper grade obtained was 16.71%.
Between 1980 and 2000, larger companies such as Noranda explored the deep-seated Cu skarn and/or Cu-Mo porphyry potential, completing almost 12,000
metres in only 20 holes. Drilling deep holes at the time was challenging and copper prices also hit historic lows.
Since 2000, Ressources Appalaches and Threegold Resources worked extensively on the central area vein zones once again. These zones are laterally very
extensive and can reach 10 metres in width with varying amounts of Pb-Zn-Cu mineralization. Appalaches completed over 7 km of trenches in 3 years along
with over 10,000 metres in 56 drill holes. Threegold acquired Appalaches' interest and continued working the same general areas, completing an additional
2.5 km of trenches and almost 24,000 metres in 89 drill holes. Together, Appalaches and Threegold spent almost
$5M
on the property between 2001 and
2011. None of this work has led to a resource assessment for any zone.
Building a 3D model of available data will allow ABE to see the historical work under a new light, allowing new views, creating new ideas and exploration proposals
to be brought to the forefront. Future programs will be based on the interpretation resulting from the 3D model.
About ABE Resources Inc.
ABE Resources Inc. is a
Quebec
mineral exploration company focused on the discovery and development of mineral deposits of economic potential primarily in
the province of
Quebec
. The Dome Lemieux property was acquired when ABE acquired Pioneer Resources. The property is in the same structural corridor that
hosts the Gaspé Copper Mine in
Murdochville
, 50 km to the ENE, which produced approx. 142 Million Tonnes @ 0.85% Cu from 1955 to 1999, the Madeleine
mine, 18 km to the NNE, which produced approx. 8 Million Tonnes @ 1.08% Cu and 9.0 g/t Ag prior to 1982 and the Sullipek deposit, 15 km to the E, which has
historical copper resources.
These three deposits are not within the property limits.
Please note that the results obtained at these three deposits are not
necessarily an indication of the mineralization present on the Dôme
Lemieux
property
The information in this release has been reviewed and approved by
Yves Rougerie
, geo, President and CEO of ABE Resources. Mr. Rougerie is a qualified person
as defined by National Instrument 43-101.
For further information on the Company, please visit our website at
www.aberesources.ca
or contact us at
.
NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
SOURCE
ABE Resources Inc.
View original content: http://www.newswire.ca/en/releases/archive/August2017/24/c5011.html
%SEDAR: 00003760E
For further information:
ABE Resources Inc., Yves Rougerie, President and Chief Executive Officer, Tel: 819-874-6200, Email:
CO: ABE Resources Inc.
CNW 08:00e 24-AUG-17