James Bay Region
James Bay’s Mineral Wealth
A vast region with a rich mining history
The James Bay region of Québec represents almost 300,000 km² of land east of James Bay, with a population of roughly 15,000. Most of the inhabitants are Cree, one of the largest groups of Native Americans in North America. In the Cree language, the region is known as “Iiyiyuuschii” or “Eeyou Istchee”, meaning “The People’s Land”.
The largest populated centres are the cities of Chibougamau, Lebel-sur-Quévillon, Matagami and Chapais, all of which have rich mining histories.
In addition to the airports and other services available at these locations, the hydro-electric, forestry and mining industries have developed an extensive network of roads and other infrastructure throughout the James Bay region.
Four centuries after fur trading began, the James Bay region is experiencing a new surge in exploration following the discovery of a number of significant mineral deposits.
In particular, the Éléonore discovery in 2004, now a gold mine belonging to Goldcorp, triggered a major staking rush and confirmed the potential for high-grade gold mineralization in the Eastmain Belt.
Azimut’s James Bay holdings
The James Bay region was the initial focus of Azimut’s mineral potential modelling methodology in 2003 and remains a strategic priority. The Company staked claim blocks both before and after the Éléonore discovery, and as a result gained one of the leading property positions in the Opinaca Reservoir area.
The Company’s current holdings are concentrated near the Opinaca Reservoir in the Éléonore Gold Camp (4 gold properties) and in the Eastmain River area to the southeast, near the major Clearwater gold deposit (1 gold property; 1 chromium-PGE property).