The Gand I property lies in the James Bay region, about 25 km northeast of Desmaraisville, in the Chibougamau mining district. The property consists of 76 contiguous claims in Gand and Lesperance townships covering a total area of 12.55 km2. It is wholly-owned by NQ Exploration Inc. The Gand I property is situated in the western part of the Archean Caopatina-Desmaraisville volcanic belt, in the Abitibi subprovince of the Superior geological province. The belt contains ultramafic to felsic volcanic piles associated with sedimentary rocks. These units are often cut by monzodioritic, granodioritic or syenitic intrusions. NE-striking Proterozoic diabase dikes cut across all the units.

The Gand I property lies 5 km to the east of the old Lac Shortt mine, which produced 2.7 million tonnes grading an average of 4.65 g/t Au. From a structural perspective, the ENE-striking Lac Opawica and Lac Shortt faults cross the southern and northwestern sections of the property respectively, and the NE-striking Lamark fault joins the Lac Shortt fault in the vicinity of the old mine. In another similar corridor 20 kilometers to the west, the Bachelor Lake mine is being reopened by Metanor, with the mill already in operation.

Exploration was first carried out on the Gand I property in 1944 following the discovery of the first gold showing in the area on Opawica Island in 1932. Numerous gold showings were identified on the property at that time. From 1956 to 1993, extensive exploration was conducted by several companies, including Inmet Mining Corporation under an option from Societe de developpement de la Baie-James (SDBJ) in the early 1990s. More than 50 holes were drilled, totalling over 8,000 metres.

The gold showings of the Gand I property are associated with the large regional gold-bearing faults. The following table summarizes the main showings and the best results. Many of the showings have not been systematically drilled, and remain open.

Historical resources (not NI 43-101 compliant) of 2.7 million tonnes at 1.2 g/t Au are mentioned for the Mariposite zone, which straddles the Gand I property and the adjacent property to the east.

The Gand I property also has diamond potential. The 14 lamprophyre dikes intersected in the old holes drilled on the property were never checked for diamond indicator minerals. Furthermore, an isolated, circular magnetic anomaly about 300 metres in diameter in the centre of the property could be the site of a kimberlite intrusion.