What's Happening?
Auriginal Mining has secured the necessary permits to begin a drilling program at its Roger Project located in the Chibougamau district of Quebec, Canada. The company plans to initiate a 5,200-meter drilling operation
on March 5, focusing on potential volcanogenic massive sulphide (VMS) mineralisation beneath the existing gold resource. This exploration will employ borehole electromagnetic survey methods to test newly identified conductor plates, aiming to uncover a deeper, gold-rich VMS system. The Roger deposit, traditionally known as a porphyry-style gold-copper system, may be situated above a significant VMS deposit, as suggested by recent studies involving relogging, resampling, and geochemical analysis.
Why It's Important?
The drilling initiative at the Roger Project is significant as it could lead to the discovery of a new high-grade base-metal deposit, potentially enhancing the project's value. The identification of a sulphide-bearing marker horizon over a 1.5-kilometer stretch within volcanic rocks, similar to the LaRonde 20N deposit, indicates promising prospects for finding valuable mineral resources. This development could have substantial economic implications, potentially boosting the mining sector in Quebec and contributing to the diversification of mineral supply chains, which is crucial for reducing dependency on traditional sources.
What's Next?
Following the commencement of drilling activities, Auriginal Mining will focus on analyzing the data collected from the borehole electromagnetic surveys to confirm the presence of VMS mineralisation. The company aims to validate historical drill-hole data and identify new targets to enhance the project's value. If successful, this could lead to further exploration and development phases, potentially attracting investment and partnerships to advance the project.
