UMEX

The UMEX Property

  • UMEX is a Copper-Zinc and gold enriched project, it covers about 70 km2 over a length of 16.8 kilometers; it is accessible directly from a paved road and less than 1 km away from a major electrical distribution station.
  • The UMEX property is subdivided in 2 sections; Western block and Eastern Block.
  • Western Block: a group of 14 minerals cells (claims) which covers 777.63 hectares MPV hold an option to acquire 100% of the property.
  • Eastern Block: a group of 111 mineral cells (claims) which covers 6163,82 hectares. Owned 100% by MPV.

Property Location

The UMEX property is located approximately 50 kilometers West of the town of Chapais on traditional Eeyou Istchee Territory. The property is located within the Abitibi Greenstone Belt, which is known for its numerous precious metals and polymetallic deposits.

UMEX Project - Chapais-Chibougamau Mining Camp, Quebec

Geology and Mineral Occurence

  • Known mineralization on the property consists of volcanic massive sulphides (vms) within the Abitibi Greenstone Belt
  • Recently completed 43-101 (Sept. 2017) compiled previous exploration work on the property, including data from 11 historical drill holes. The report suggests a potential (non-43-101 compliant) Copper/ Zinc/ Silver resource extending over a length of 450 metres and a depth of 150 metres. Union Minière Exploration in 1969 and SOQUEM at the beginning of the 70’s. Those two companies respectively reported grades that went up to: 1) 2.21% Cu; 2.2% Zn; 2.5 g/t Au and 76 g/t Ag over 3.66m as well as 2) 1.06% Cu, 3.48% Zn, 1.6 g/t Au and 31.9 g/t Ag over 5.03 m.
  • The documented mineralization on the UMEX property consist of volcanic massive sulphides (VMS) of about 450 000 tons grading 1,35% Cu, 2% Zn and 38 g/t Ag. NB. Although the historical estimates are believed to be based on reasonable assumptions, they were calculated prior to the implementation of National Instrument NI 43-101.
  • In June 2018, MPV completed its first drilling program aimed at confirming the historical grades in Cu-Zn-Au-Ag obtained by Union Minière Exploration in 1969 and SOQUEM at the beginning of the 70’s.
  • In the course of this campaign Nine (9) diamond drilling holes for a total of 1200 meters were performed.

Here are the results of the June 2018 diamond drilling campaign:

The results of UMX-18-05 to 09 intersected a lens of massive sulphides over 0.95 to 9,10 meters. This VMS lens is essentially composed of pyrite, pyrrhotite with 1-15% of chalcopyrite, 1-20% sphalerite and 1% galena. The results of UMX-18-01 to 04 were not significant but that allowed the drilling team to gather the technical information necessary to direct the subsequent drill holes and localise the lens more precisely. We need to recall that the original discovery of this lens dates back to the early 70s, with only historical local grid map coordinates as geographical markers without any GPS.

 

# Hole

From

To

lenght(m.) *

Composite

UMX-18-05

123.60

126.00

2.40

1.12 % Cu; 2.87 % Zn; 1.02 g/t Au; 44 g/t Ag;
including

124.05

125.70

1.65

1.52 % Cu; 4.16 % Zn; 1.41 g/t Au; 62.35 g/t Ag
UMX-18-06

144.45

149.20

4.75

1.93 % Cu; 3.93 % Zn; 0.97 g/t Au; 47.67 g/t Ag
including

144.95

148.70

3.75

2.36 % Cu; 4.54 % Zn; 1.16 g/t Au; 58.28 g/t Ag
UMX-18-07

44.30

53.40

9.10

2.2 % Cu; 4.05 % Zn; 1.74 g/t Au; 62.41 g/t Ag
including

48.75

51.40

2.65

3.66 % Cu; 5.15 % Zn; 3.28 g/t Au; 76.73 g/t Ag
UMX-18-08

41.40

42.35

0.95

1.06 % Cu; 6.95 % Zn; 0.38 g/t Au; 63.99 g/t Ag
UMX-18-09

152.40

156.95

4.55

1.02 % Cu; 1.19 % Zn; 0.5 g/t Au; 18.09 g/t Ag
including

155.00

156.50

1.50

2.61 % Cu; 2.74 % Zn; 1.15 g/t Au; 48.36 g/t Ag

* Core lenght

During the drilling campaign, the VMS lens was laterally intersected over 140 meters (fig.1) and vertically over 125 meters (fig,2). The conductive anomaly of Max-Min type which coincides with the lens measures almost 900 meters long.
After the drilling campaign, a Borehole EM geophysical survey was conducted, showing possible extensions oriented both East-West, and is still open at depth.

Figure 1

Figure 2

Why Chapais-Chibougamau?

  • The region has a history of VMS discoveries
  • Opemiska 24 MT @ 2.2% Cu, 1.1 g/t Au and 34 g/t Ag - (*)
  • Scott Lake deposit 3,5Mt Indicated @ 0.95% Cu; 4,17% Zn; 0,22 g/t Au; 37,2 g/t Ag  and 14,3 Mt inferred 0,78%Cu; 3,49% Zn; 0.23 g/t Au; 22.3 g/t Ag - (*)
  • Region is underexplored vs Abitibi and Rouyn mining camps
  • UMEX is located on Cree First Nation territory on which a clear treaty agreement on mining is in place

* Source Quebec Mern

Nearby Infrastuctures

  • Power

Electricity distribution center post is 0,5 km away from UMEX property

  • Roads

UMEX-1 is easily accessible along paved highway 113, and has several forest roads crossing the property