Geology

The LaRonde property is located in the southern portion of the Archean-age Abitibi volcanic belt within the Bousquet Formation of the Blake River volcanic Group. The geology is east west trending, steeply southward dipping and generally southward facing.

The southernmost unit of the Bousquet Formation, which hosts the significant gold and base metal mineralization on the LaRonde property, varies in thickness from 150 metres to over 550 metres. The unit is characterized by the dominance of quartz and feldspar porphyritic rhyodacite to rhyolitic flows and pyroclastic rocks. The LaRonde deposits occur along the eastern extremity of the east-west trending Doyon-Dumagami deformation zone. This structure is also associated with the Mouska, Doyon, Bousquet I and Bousquet II gold deposits located to the west of Laronde. The Cadillac Sedimentary Group occurs to the south.

Deposits

Gold-copper and zinc-silver mineralization occur in the form of massive and disseminated sulphide lenses that vary in size and occur throughout the southern felsic unit of the Blake River Group. Five different mineralized horizons are known to exist adjacent to shaft no 3: Zones 6, 7, 20 North Gold, 20 North Zinc and 20 South.

Zones 6 and 7 are one to two million tonne-size gold bearing polymetallic massive sulphide lenses. The 20 North Gold and Zinc zones consist of two parallel lenses of disseminated to massive sulphide up to 25 metres in thickness and up to 22 million tonnes in size. Gold-copper mineralization occurs in the northern lens and zinc-silver mineralization occurs immediately to the south. Deep drilling for Zone 20 North confirms the trend of increasing gold/copper and thickness at depth. At least two separate one to two million tonne-size lenses of Zone 20 South occur along the southernmost gold bearing polymetallic disseminated to massive sulphide horizon known on the property and occurs less than 30 metres north of the Cadillac Group sediments.