[ONGLET]Location and mining titles[/ONGLET]
LOCATION AND MINING TITLEs
The Lac Gouin SSO property is located about 115 km north of Lac Saint-Jean, Province of Québec. The nearest towns are Saguenay and Alma. The southern part of the property is accessible via logging roads. There is hydroelectric infrastructure belonging to Rio Tinto-Alcan about 45 km to the southeast. The property is bounded by latitudes 49'19'00" N and 49'23'00" N and longitudes 70'22'00" E and 70'26'30" E, on NTS sheet 22E08.
The Company has a 100% interest in the property, which consists of 55 mining claims covering a total area 3,066 hectares. The property is subject to a 1% royalty covering the total area.
The property is of interest for its phosphate potential. Apatite is a mineral composed of phosphate, which is one of the three primary components of agricultural fertilizer.
Currently there are only two phosphate deposits in Québec: Mine Arnaud inc.’s Arnaud mine project, which is located about 15 km from Sept-Îles in the Côte-Nord administrative region (www.minearnaud.com)
, and Arianne Phosphate Inc.’s Lac à Paul project, located about 65 km northwest of Radisson’s Lac Gouin SSO property (http://www.arianne-inc.com)
The Lac Gouin SSO property, which lies about 115 km north of the city of Saguenay, is located in the Grenville Geological Province. It is included in the Lac-Saint-Jean anorthosite, which is the largest known anorthositic complex in the world, covering about 20,000 square kilometres (MRNF Géologie Québec reports: Laurin, AF, Sharma, KNM, 1975, RG161; Cimon, J.and Hébert, C., MB98-09). The economic potential of this anorthosite is usually limited to deposits of iron, titanium and phosphate.
This anorthositic complex contains the phosphate deposits of Arianne Phosphate Inc.’s Lac à Paul deposit (Met-Chem 43-101 Technical Report, 2012). Radisson’s Lac Gouin SSO property is located approximately 65 km south-southeast of the Lac à Paul phosphate project.
The geology of the property is dominated mainly by pink alaskite, granite, quartz syenite and syenite, magnetite-rich monzonite, pyroxene gneiss, amphibole-biotite gneiss, labradorite-bearing anorthosite and gabbroic anorthosite.
Radisson’s property contains an iron and apatite showing discovered in 1962. The showing consists of a body of magnetite-rich monzonite, in contact with anorthosite of the Lac-Saint-Jean Anorthositic Complex, syenite and quartz syenite. It is oriented N000-010 and is 4.5 km long by 0.4 to 1.2 km wide. The magnetite content can be up to 25% and apatite content, 15%. (MNRF Géologie Québec publications, Anderson, A., 1963, RP 504; Laurin, A.F., Sharma, KNM, 1975, RG161). The showing’s mineralization results from magmatic segregation associated with mafic masses.
Little work has been reported in this area. The Riverin Lake area, covering about 195 square miles (50,504.7 ha), was mapped during the summer of 1962 by A.T. Anderson (MRNF, 1963 PR No. 504). The mapping was intended to assess the economic potential of various types of crystalline rocks in a major north-oriented band. During this program, particular attention was paid to the study of ilmenite, magnetite, apatite and anorthosite mineralization. This geological mapping led to the discovery of the iron and apatite showing.
An aeromagnetic survey, produced for the Ministère des Ressources naturelles du Québec and published in 2006 (Reference:http://sigeom.mrnf.gouv.qc.ca, DP 2006-07), covering all of Québec, highlights the property’s magnetite-rich lithologies.
In 2008, a helicopter-borne radiometric and magnetic survey was carried out in the region; its coverage included the property. It was ordered by Dr. Marcel Morin and carried out by Voisey Bay Geophysics Ltd. (Reference: http://sigeom.mrnf.gouv.qc.ca, GM 63713).
In 2011, the property was map designated by three independent prospectors. However, no work was done on the property. In summer 2013, Radisson acquired eleven active cells covering 616 hectares from the prospectors, then staked an additional 44 contiguous cells, including the area of the Lac Gouin SSO iron and apatite showing described in the documents of the Ministère des Ressources naturelles du Québec. Radisson’s current property includes 55 cells.
Work planned by Radisson
Surface exploration work program were completed in 2013 and 2014. Results were published by press release in 2014
Initially, the Company is planning exploration work on the Lac Gouin SSO showing to confirm and define the scope and nature of the mineralization, and sample it to determine its phosphate (P2
) content and the presence of other potentially interesting minerals. Reconnaissance work will also be carried out over the entire property to discover other possible showing and assess the property’s potential.
All scientific and technical data discussed in this document has been prepared by or under the supervision of Yolande Bisson, Eng. MBA,consultant, who acts as a Qualified Person for the Company, as defined by NI 43-101.