Abitibi Greenstone Belt “Grassroots Exploration Project”, North-West Québec and North-East Ontario
Golden Valley Mines’ original and continued core exploration focus is the Abitibi Greenstone Belt “Grassroots Exploration Project”. The project consists of a series of distinct properties located in the economically significant and historically prolific Abitibi Greenstone Belt, which stretches from Timmins, Kirkland Lake and Matachewan (Ontario) in the west, through Rouyn-Noranda, Cadillac, Malartic, Val-d’Or and Chibougamau (Québec) to the east over a distance of some 500 kilometres.
The majority of the Company’s properties are 100%-owned and have had little or no previous exploration work but are located in geological domains considered prospective by management for the occurrence of precious (gold) or base metals (copper-zinc-silver and nickel-copper-platinum group element) deposits.
Few geological environments in the world possess the mineral potential of the Abitibi Greenstone Belt, in terms of historic and current mineral production, and that continue to offer significant, low-cost exploration potential.
Historically there have been over 100 mines discovered within the Abitibi Greenstone Belt.
While the majority of historic discoveries have been made at or near outcrops, over 90% of the Abitibi Greenstone Belt is covered by swamps providing for an abundance of low cost exploration opportunities for new discoveries. Modern geophysical methods may provide for discovery success, and other enabling factors relate to the well-developed infrastructure, a supportive political environment, and an educated workforce that provide for low-cost exploration.