At December 31, 2010, the company owned the mining rights to four properties, all located in Quebec totaling 4 000 hectares. The company has acquired 100% of property rights Malartic township, who terminate the option it granted to the company Britannica Resources. Petroleum Projects
Oil and gas properties
In March 2006, the company obtained 16 research permits for oil and natural gas totaling 332 790 ha divided into 3 regions of Quebec: Temiscouata, Lac St-Jean and Charlevoix. To begin it's exploration program, the company has chosen to adopt an innovative multidisciplinary approach that takes advantage of recent advances in geochemistry and geophysics, surface and subsurface applied to hydrocarbon exploration.Download 51-101 report (2011)Download 51-101 report (2010)TÉMISCOUATA property
LAC ST-JEAN property
- Area of 193 587 hectares.
- Located in the southern Gaspe Basin oilfield.
- Covers sedimentary units of Cambrian to Devonian age.
- Unexplored for it's hydrocarbon.
- Area of 99 945 hectares.
- Located in the petroleum basin Lowlands St Lawrence.
- Cover sedimentary units or Ordovician age, with shalesbitumineux Pointe-Bleue.
- Unexplored for it's hydrocarbon potential.
- Oil seeps observed in the limestone region Metabetchouan-Chambord in 1962.
- Area of 39 258 hectares.
- Located in the petroleum basin Lowlands St. Lawrence.
- Covers age sedimentary units ordovicien. Unexplored for it's potential alteration hydrocarbures. Halos enriched methane found in the soil of the region during the 1980s.
At December 31, 2010, the company had initiated the audit of petroleum generation potential of these sedimentary sequences on aech of it's three properties. A range of analytical tools (geological, petrological, geochemical and geophysical) was used to better understand the parameters of petroleum squences and identify the chemical alteration halos caused by the presence and/or potential oil seeps.JAG
focus his exploration efforts on areas of interest that emerge from his first phase of work where seismic profiles will be saved for better understanding of the structural and stratigraphic anomalies and to delineate future drill sites of exploration wells who will verify the nature and potential for eventual production.