About Atlas Project
The Atlas project is part of the “Three A’s”, 3 projects wholly owned by Tarku in the Matagami area (Admiral, Apollo and Atlas) totaling 248 mining titles centered on the Eastern extension of the Sunday Lake regional fault including ductile shear of the Waswanipi River (RWSZ). It consists of 74 claims (4,111 ha).
The project has been acquired in 2016 by “Project Generation” based on several points of geological interests. These include information provided by the most recent mapping of the area and historical results that identified gold grains in glacial deposits.
Gold VMS mineralization, theorized by the Company to be associated with the volcanic/sediments contact on the Atlas project is a similar context to the Indice principale, Olga Zone deposit on Goldcorp Canada’s Lac Olga project, adjacent to the south of the Atlas Project and TDEM surveys have been used extensively and successfully to aid in identifying Gold VMS targets like Agnico Eagle’s LaRonde Mine.
Atlas Project Overview
|LOCATION||Matagami area, Québec|
|METALS||Gold, Lead, Zinc|
|LAND POSITION||74 claims (41.1 km2)|
|EXPLORATION HIGHLIGHTS||Along the Detour Lake Regional Fault|
Gold VMS mineralization, theorized by the Company to be associated with the volcanic/sediments contact (on the Atlas project), responded well in the survey and these structural features will allow Tarku to generate new targets which may have promoted the formation of mineral deposits containing gold and other metals of interest. This environment is a similar context to the Indice principale, Olga Zone deposit on Goldcorp Canada’s Lac Olga project, adjacent to the south of the Atlas Project and TDEM surveys have been used extensively and successfully to aid in identifying Gold VMS targets like Agnico Eagle’s LaRonde Mine.
In May 2021, Tarku completed a 750 line-km combined magnetic (MAG) and time-domain electromagnetic (TDEM) helicopter-borne survey over the main targeted areas of the Apollo and Atlas projects. Flight lines were surveyed at a 100-metre spacing and were conducted by Prospectair (Gatineau, Quebec) and Dynamic Discovery Geoscience (Ottawa, Ontario) aided in interpretation of the mineralized systems and identified new gold and base metals targets within the favourable zone.
On Atlas, preliminary interpretations of the MAG and TDEM survey also demonstrated the continuity of the contact between the calc-alkaline intermediate to felsic volcaniclastic (tuff) sequence with the sedimentary rocks, indicating a favourable context for Gold-rich Volcanogenic massive sulphides (Au-Zn-Ag-Cu VMS). The survey also allowed Tarku to identify crosscutting structures where the magnetic pattern abruptly disappears or is displaced.
To validate historical gold results and to locate the source of gold mineralization, Tarku carried out a till, humus and rock sampling survey in autumn 2017. The gold grain counts for samples collected on both projects ranged from 1 to 47, with 18 samples containing more than 15 gold grains, which is above the regional background level. The results also reveal strong zoning and the presence of two areas with elevated gold grain counts (>15), with one particularly significant area in the south-central part of the Atlas Project and identified a 6 km wide favourable zone along the regional Rivière Waswanipi shear zone (RWSZ) that may be the source of the gold grains sampled.
The Atlas Project is ready to be drilled. Tarku is looking for partners to advance the project to the next stage.