The Fayolle property is located 30 km northeast of the city of Rouyn-Noranda, Quebec, Canada and is a 50:50 Joint Venture between Hecla Quebec and Typhoon Exploration where Hecla Quebec is the project operator.
Fayolle consists of 39 contiguous claims covering an area of 1,373 hectares (5.3 sq. miles) across the Porcupine-Destor Break, one of the most productive gold bearing structures of the Abitibi Belt. The property encompasses many gold showings including the Fayolle deposit initially discovered in 1958.
There are no 43-101 compliant resources currently reported for the Fayolle Property.
The Fayolle property straddles the contact between the North and South volcanic domains of the Abitibi Subprovince of the Archean Superior Province. The rocks underlying the property consist of an Archean volcano-sedimentary assemblage formed by sequences of komatiites, basalts, rhyolite and turbidites, intersected by a multitude of syn-tectonic to late-tectonic intermediate dykes. The Fayolle Property covers a 5 km-long (3.1 mile) segment of the Destor-Porcupine-Manneville fault zone, a major gold bearing structure of the Abitibi Subprovince, and several other deformation corridors.
The geological setting of the Fayolle property is similar to one at the Kerr Addison mine located in Ontario, Canada. Gold mineralization consists mainly of quartz and carbonate stockwork and veining and disseminated sulphide zones within the komatiites and tholeiitic basalts. Alteration consists of dolomite, ankerite, sericite, albite and fuchsite, near or at contacts with mineralized structures and strongly hematized and albitized intermediate dykes.
Since 2010, Hecla Quebec has carried out mapping, prospecting and outcrop stripping programs, ground and airborne MAG-EM surveys, IP surveys, MMI soil surveys and 178 diamond drill holes totaling 127,462 meters (418,182 feet). This work succeeded in defining a gold resource on the Fayolle deposit as well as the discovery of the Cinco showing, the Pare gold corridor and several other gold showings.
The project is under evaluation and in the coming years, exploration work will target the extensions of Cinco showing and unexplored areas of the Fayolle property.