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The Le Moyne property lies 35 km south of the La Grande river in the James Bay region of Quebec. The property consists of 40 map-designated claims covering a total area of 20.6 km2. It is wholly-owned by NQ Exploration Inc., and half the claims are subject to a 2% NSR royalty. The Le Moyne property sits in the Opinaca metasedimentary sub-province of the Superior geological province. The region is dominated by the biotite wackes and Archean biotite paragneisses of the Laguiche Group. These units are injected by small granitic inclusions and intrusions. Regional surveys were conducted in the area of the property in the 1970s, including a lake-bottom sediment survey by the Societe de développement de la Baie-James (SDBJ). This survey revealed the presence of gold anomalies. The main work completed to date consists of a heavy mineral till survey in 2001 followed by a lake-bottom sediment geochemical survey in 2007. Preliminary interpretation of the lake-bottom sediment survey indicates the presence of Au, As, Te, Bi and Cu-Ag anomalies. In the summer of 2008, a till and heavy mineral concentrate survey, geological mapping and reconnaissance geology were carried out. A total of 24 till samples were collected and sent to the laboratory for analysis, and seven samples were collected during geological reconnaissance and prospecting and analyzed for economic metals. No mineralized showings were identified during prospecting. However, the till and heavy mineral concentrate sampling program indicated the presence of signigicant gold anomalies. Gold values of 0.116 g/t Au, 0.427 g/t Au and 0.441 g/t Au were obtained. Additional work will be required to identify the source of the anomalies.
At the end of 2008, NQ Exploration decided to focus its efforts on the eastern part of the property, where two gold anomalies accompanied by other indicators suggested the presence of a gold source upstream. Twenty claims were retained and 20 new claims were acquired upstream from the till anomalies. The Le Moyne property lies in an unexplored area of the Opinaca metasedimentary basin, which hosts the recently-discovered Eleonore deposit belonging to Goldcorp Inc. (NI 43-101 indicated resource of 1.83 million ounces of gold).
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