An early-stage gold property about 5 km south of Chibougamau in the Abitibi greenstone belt, along trend from the Demi-Lune, Axe and GRH gold showings on adjacent ground. Largely covered by overburden and under-explored, it is being prepared for modern geophysics and focused follow-up.
Golden Moon is an early-stage gold exploration property about 5 km south of Chibougamau, Québec. It is in the Chibougamau segment of the Abitibi greenstone belt, one of Canada's most productive mining regions.
The property lies near the regional Lac Sauvage fault, just west of the historic Chibougamau mining camp. The claims cover the same granophyre and gabbro rocks of the Doré Lake Complex that host the nearby Demi-Lune, Axe and GRH gold showings, found in 2015 on adjacent ground.
Freedom Gold's claims lie along trend from the Demi-Lune, Axe and GRH showings, where gold-bearing veins have been found at surface. With much of the area hidden under overburden and largely unexplored, the Company sees strong potential for these structures to continue onto its ground and plans to test them with modern geophysics and focused follow-up.
Location
Golden Moon is in the western part of the municipality of Chibougamau, about 5 km from downtown. The project takes its name from nearby Demi-Lune ("half-moon") Lake.
Access is easy year-round. From Chibougamau, paved Highway 167 heads south to Highway 113 toward Chapais. About 1 km west of that junction, gravel forestry roads reach the property area by pickup truck.
Chibougamau is an active mining and forestry centre of about 7,600 people. It has hydroelectric power, plenty of water, an experienced mining workforce, and an airport 20 km away with daily flights to Montréal.
Geology
The property is in the Chibougamau-Caopatina segment of the eastern Abitibi Subprovince, part of the Archean Superior Province. Here, volcanic and sedimentary rocks have been intruded by granitic to dioritic plutons and cut by large east-west regional faults.
The Golden Moon area borders the Lac Sauvage fault, which runs about 70 km, and lies west of the Chibougamau mining camp, where most mines sit south of the same fault.
In the Golden Moon area, gold occurs in narrow quartz-carbonate-sulphide veins that form a stockwork in silicified, carbonate-altered granophyre. Some veins carry high gold grades, with local silver, copper and zinc. Altered zones also follow the contact between granophyre and gabbro. Others may lie hidden under the overburden that covers much of the area.
History
The work below was done across the wider Golden Moon area described in a 2021 technical report. That area included ground that is not part of Freedom Gold's current claims, including the three showings and the 2020 drill holes. The wider Chibougamau camp has a long mining history: about fifteen mines produced 55 Mt at 1.77% Cu and 2.17 g/t Au between 1955 and 2008.
- 1949: First drilling. Two short holes in the southeast part of the area. No mineralization reported.
- 1955-56: Jacobus Mining. An electromagnetic survey over almost the entire 2021 report area found about 20 conductors. Three holes followed, one of which intersected 0.69 g/t Au and 0.6% Cu over 0.3 m.
- 1963-91: More EM surveys. Three more electromagnetic surveys covered parts of the area. Only two conductors have ever been drill-tested.
- 2015: Government of Québec. Stripping and channel sampling discovered the Demi-Lune showing.
- 2016-17: Fieldex Exploration. Prospecting found the Axe and GRH showings. A detailed airborne magnetic survey followed, then stripping of the Axe and GRH outcrops.
- 2020: Express Capital. Verification sampling confirmed gold at surface. Three diamond drill holes totalling 495 m tested the eastern showings. They did not repeat the high surface grades, but they hit eight gold anomalies (111 to 984 ppb Au) and altered granophyre zones up to 15 m long near the Axe and Demi-Lune showings.
- 2021: NI 43-101 Technical Report. Completed by Robert Sansfaçon, geologist (OGQ #356). It recommends an induced polarization (IP) survey, followed by drilling on the best anomalies.
Exploration Plans
Freedom Gold's geologists are building the next exploration program for Golden Moon. Work is under way to compile all historical and recent data, reinterpret the geophysics, and rank targets for follow-up. Details will be announced when the program is finalized.
Gallery
Forward-Looking Statements
All statements on this website about anticipated future events or results constitute forward-looking statements, including, but not limited to, statements with respect to the Company's exploration plans, the potential of its mineral properties, financings and the use of proceeds, and the timing and results of future exploration programs. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Although Freedom Gold Corp. (“Freedom” or the “Company”) believes that the expectations reflected in such forward-looking statements are reasonable, undue reliance should not be placed on them since the Company can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated, including risks associated with the business of Freedom; risks related to exploration and potential development of the Company's mineral properties; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and First Nation groups and the issuance of required permits; the need to obtain additional financing and uncertainty as to its availability and terms; the possibility of delay in exploration or development programs; and other risk factors identified in Freedom's filings with Canadian securities regulators on SEDAR+. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Freedom does not undertake any obligation to update forward-looking statements except as required by applicable securities laws.
Historical exploration results referenced on this website have not been independently verified by the Company and should not be relied upon. Technical information on this website has been reviewed and approved by Mr. Martin Demers, P.Geo. (APEGNB L5980), a technical advisor to the Company and a Qualified Person as defined by National Instrument 43-101.
The Canadian Securities Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this website.