Exploration Of The Porphyry Mountain Cu-Mo Deposit

Since 1955, Gaspe Mines has produced 150 Mt (165 million st) of ore averaging 0.9% copper. The ore was mined from two open pits and from underground workings. In 1994, four exploration drill holes discovered a buried porphyry/skarn copper-molybdenum (Cu-Mo) deposit at depths of between 1,000 and 1,700 m (3,280 and 5,580 ft) below the top of Porphyry Mountain. The mineralization and alteration associated with the Porphyry Mountain quartz monzonite does not outcrop. Prior to 1997, about 19,500 m (64,000 ft) of drilling in 12 drill holes had outlined 200 Mt (220 million st) grading 0.73% Cu and 0.08% Mo. Mineralization occurs as veins and disseminations of chalcopyrite and molybdenite.