Issue link: http://resourceworld.uberflip.com/i/1012424
A U G U S T / S E P T E M B E R 2 0 1 8 www.resourceworld.com 15 has over 20 mineral projects, mostly gold, in Québec. Exploration has resumed on the 100%-owned Willbob gold project located close to the Kan Project (Osisko Mining/Barrick Gold) about 70 km west of Kuujjuaq. The project covers several tens of kilometres of stratigraphy and struc- tures favourable for gold in the Labrador Trough. Work comprises trenching, chan- nel sampling, prospecting and mapping. Midland is also exploring its 100%- owned James Bay gold project and is focusing on the Lasalle property about 35 km south of Hydro-Québec's LG-3 airport and the Trans-Taiga road. Last fall, a grab sample located in a 100-metre-thick shear zone returned 22.6 g/t gold as well as strongly anomalous cop- per, bismuth and molybdenum. Monarques Gold Corp. [MQR-TSXV] reported a maiden pit-constrained and underground resource at its Swanson Project 12 km northeast of Barraute total- ling 1,643,000 tonnes grading 1.86 g/t gold. Nemaska Lithium Inc. [NMX-TSX; NMKEF-OTCQX] signed an agreement to provide 7,000 tonnes/year of battery-grade lithium hydroxide to LG Chem Ltd. to be produced at Nemaska's Shawnigan Lake facility. The company will be operating the Whabouchi Mine, one of the largest and richest lithium spodumene deposits in the world, located 300 km northwest of Chibougamau. NextSource Materials Inc.'s [NEXT- TSXV; NSRCF-OTCQB] 100%-owned Sagar property in the Romanet Horst/Labrador Trough region of Québec, is receiving renewed attention due to it hosting sig- nificant cobalt mineralization with grab samples containing up to 0.81% cobalt. Based on the cobalt content, several inter- national parties expressed interest Nouveau Monde Graphite Inc. [NOU-TSXV; NMGRF-OTC; NM9-FSE] reported an updated pit-constrained mineral resource estimate of 95.8 million tonnes grading 4.28% CG on its West Zone deposit, located on the Tony claim block, part of its Matawinie graphite property 130 km north of Montreal. The company is working towards an optimized mining plan with a projected flake concentrate production output of about 100,000 tpy. Osisko Metals Inc. [OM-TSXV] has staked 12 grass-roots zinc properties cov- ering a total of 42,000 hectares of claims throughout Québec. Osisko holds the Montauban polymetallic project 70 km west of Québec City and can earn a 50% interest in the Urban-Barry base metals project 100 km south of Chibougamau. Osisko Mining Inc. [OSK-TSX; OBNNF- OTC] has about nine mineral projects in various regions of Québec covering both precious and base metals. The Windfall Lake gold deposit is located between Val- d'Or and Chibougamau. Indicated resources defined by Osisko total 2,382,000 tonnes at 7.85 g/t gold (601,000 oz) and 10,605,000 tonnes at 6.70 g/t gold (2,284,000 oz) inferred, making it one of the highest grade, resource-stage, gold projects in Canada. Osisko Gold Royalties Inc. [OR-TSX, NYSE; OKSKF-OTC] holds a North American-focused portfolio of over 130 royalties, streams and precious metal off- takes. Its portfolio has five cornerstone assets, including a 5% NSR royalty on the Canadian Malartic Mine, the largest gold mine in Canada. Osisko also owns a portfo- lio of listed resource companies, including a 15.5% interest in Osisko Mining Inc. QMX Gold Corp. [QMX-TSXV; QMXGF-OTCQX] is exploring its extensive property position in the Val d'Or mining camp. QMX is currently drilling in the Val d'Or East camp portion of its land pack- age focused on the Bonnefond South Plug and in and around the Bevcon Intrusive. A highlight was 3.8 g/t gold over 10 metres, including 8.4 g/t over 4.5 metres. QMX also owns the Aurbel gold mill. Radisson Mining Resources Inc. [RDS-TSXV] reported drill results from its 100%-owned O'Brien gold project between Rouyn-Noranda and Val d'Or. Following the resource estimate update published for QUÉBEC