ROUYN-NORANDA, QC, April 9, 2015 /CNW Telbec/ - Fieldex Exploration Inc. (FLX: TSXV and F7E: Frankfurt) has received its drill permit for its Copper Point project. The geological team and drill crews have now been mobilized to Fieldex Exploration's Copper Point project located 30km southeast of Chibougamau, Québec. The targets identified were generated by ground geophysics in the second half of 2014.
The diamond drill contract for this program has been awarded to Chibougamau Diamond Drilling Ltd. of Chibougamau, Que.
Geological setting of the property
The Copper Point Property is located in the northeast part of the Boisvert intrusion. This particular intrusion is located 30 kilometres southeast of the Chibougamau volcanic segment which is included within the northeastern part of the Abitibi volcano-plutonic of Northwestern Québec in the Archean Superior Province. The property is composed of 59 mining claims representing approximately 3,319 hectares or 33.19 km2. In 2014 and 2015, an IP survey was carried out on the Copper Point Property following the discovery of outcrops with some quartz veinlets and disseminated pyrite and chalcopyrite within sub–vertical dipping metasedimentary rocks. One grab sample notably recovered 2.5% Cu, 14.0 g/t Ag and 0.5g/t Au. Each north-east line of the cut–lines grid was only 600 metres in length and did not cover the property entirely. However, the IP survey exhibits a strong chargeability anomaly over a length of 1.4 kilometres and a width varying between 40 to 75 metres. The orientation N117° anomaly, sub–parallel to the direction of sedimentary units, matches with the regional tectonic orientations observed to the west, within the volcanic segment of Chibougamau. Graphite has not yet been observed. The anomaly is considered as a potential structural fabric of disseminated sulphides which could contain economic metals. The fabric may be included within a hydrothermal system which is sometimes found in volcanic and sedimentary rocks in the vicinity of tonalitic and granodioritic intrusions.
Mr. Robert Sansfaçon, Geologist, is the qualified person on the Copper Point Property under National Instrument 43‑101 Standards of Disclosure for Mineral Projects and was responsible for the technical contents of this press release and has approved the disclosure of the technical information contained herein.
Fieldex is a mineral resource company actively exploring in Quebec for base and strategic group metal deposits located in the province of Quebec. Fieldex has 84,686,798 shares outstanding.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release
SOURCE FIELDEX EXPLORATION INC.
For further information: Martin Dallaire, eng, President and Chief Executive Officer, Tel.: (819) 762-0609, Fax: (819) 762-0097