Val-d’Or, October 20, 2025 – SOQUEM, a subsidiary of Investissement Québec, is pleased to announce the results of its winter 2025 exploration drilling program on the Wagosic project. The wholly owned project lies roughly 90 km west of Matagami, near the former Selbaie mine (56.9 Mt at 0.87% Cu, 1.85% Zn, 0.55 g/t Au, 39 g/t Ag; CONSOREM, 2012).
Highlights:
- Detour-Selbaie showing:
- Extension of a wide stockwork zone intersected in 2024. Hole 1338-25-087 cut a mineralized zone of 296.9 m averaging 1.47% Zn, 0.20% Cu, 0.06 g/t Au and 18.3 g/t Ag, including 2.79% Zn and 63.6 g/t Ag over 23.4 m and 2.66% Zn, 0.42% Cu, 0.11 g/t Au and 18.9 g/t Ag over 89.8 m, approximately 135 m southeast of hole 1338-24-069.
- Intersection of high-grade silver in hole 1338-25-075, with 256.2 g/t Ag, 0.22 g/t Au and 0.38% Zn over 22 m. A deeper second zone graded 6.39% Zn, 22.8 g/t Ag and 0.09% Cu over 12 m.
- Silver 2 Zone showing:
- Demonstration of zinc and silver grade continuity, with multiple intercepts of veins, veinlets and sulphide stringers hosted in a highly silicified felsic tuff.
- Hole 1338-25-076: 0.87% Zn and 280.3 g/t Ag over 16.1 m
- Hole 1338-25-077: 0.25% Zn and 264.7 g/t Ag over 8 m
- Hole 1338-25-081: 0.66% Zn and 81.8 g/t Ag over 30.3 m
- Demonstration of zinc and silver grade continuity, with multiple intercepts of veins, veinlets and sulphide stringers hosted in a highly silicified felsic tuff.
- Xylem Zone:
- Upward expansion of the zone, approximately 100 m closer to the surface than the mineralization encountered in 2023 and 2024. Hole 1338-25-085 intersected 1.01% Cu and 2.8 g/t Ag over 46.1 m, mainly consisting of chalcopyrite stringers and disseminations in quartz veins.
The 2025 exploration program followed the successes of SOQUEM’s 2023 and 2024 work on the project (press releases dated October 17, 2023, and October 22, 2024), aiming to confirm the continuity of polymetallic mineralization on the main showings. The Detour-Selbaie, Silver 2 Zone and Xylem showings were worked in the winter of 2025, with 15 new drill holes and 3 drill hole extensions totalling 8,982 m.