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    Aubaine Gold

    The Aubaine Gold Property is located in the Urban Barry Gold Camp, some 200 kilometers northeast of Val D'Or, Quebec, and is comprised of 22 claims covering an area of approximately 1232 acres. Alchemist considers the property to be highly prospective as it includes a section of Abitibi Greenstone rock transected by three parallel faults, on trend with the nearby Barry and Lac Windfall deposits. All of the deposits in the Urban Barry Gold Camp are associated with one of two regional breaks in the Abitibi Greenstone rock. The project is also on trend with a host of mineralized showings, including the Sourat, Yassa and Lac aux Loutres Nord gold showings as well as the Lac Kent and Lac Christin zinc showings. The southern portion of the Aubaine Property is less than 1 kilometers from Osisko's "SW Target", defined by occurrences of anomalous gold grains in 10 kilogram till samples.

    The Property is situated within the Urban-Barry Greenstone Belt and lies within the eastern portion of the Abitibi Subprovince which has an east-west strike extent of approximately 135 kilometers, widths ranging from 4 to 20 kilometers along the full strike extent. Lithological units within this terrane include sequences of basalt flows with intercalated felsic rhyolites to more mafic volcaniclastic rocks that have been deformed and metamorphosed to the greenschist facies. The volcaniclastic sequence has been intruded by syn-volcanic to late post mineralized bodies. Dominant structural fabrics trend to the northeast, with variable dips between 30 to 85 degrees to the southeast. The principal exploration target at the Aubaine Gold Property is a series of three parallel regional scale faults, with an aggregate strike of approximately 6 kilometers, in the Abitibi Greenstone Belt.

    A field exploration program is currently underway, to consist of systematic soil sampling, ground geophysics (magnetics and VLF EM), beep-mapping and, where warranted, short hole diamond drilling. The program, which is being carried out by Canexplor Management, is focused on the Souart Fault Zone, which is comprised of three parallel north-easterly trending faults that completely transect the project and are on strike with a host of gold anomalies.The field crew, which has significant experience in the Urban Barry Greenstone Belt, has the ability to identify subsurface anomalies and thereafter complete short hole diamond drilling to a depth of up to 20m.

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