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.
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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Alchemist Mining Inc.
1240-789 W Pender St.
Vancouver, BC, V6C 1H2