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Last C$0.03 CAD
Change Today -0.005 / -14.29%
Volume 18.0K
MAT On Other Exchanges
As of 3:53 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

matamec explorations inc (MAT) Snapshot

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09/2/14 - C$0.07
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matamec explorations inc (MAT) Details

Matamec Explorations Inc., a junior mining exploration company, primarily focuses on developing the Kipawa heavy rare earths deposit in Canada. It also explores for gold, base metals, platinum group metals, lithium and tantalum, and precious metals. The company holds a 100% interest in the Sakami, Zeus, Tansim, Valmont, and Vulcain properties in Quebec, as well as in the Matheson properties located in the East Timmins area, Ontario. It also holds a 51% interest in the Kipawa property and a 50% interest in the Wachigabau property in Quebec. Matamec Explorations Inc. was incorporated in 1997 and is headquartered in Montreal, Canada.

Founded in 1997

matamec explorations inc (MAT) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$187.8K
Chief Financial Officer, Treasurer, Secretary...
Total Annual Compensation: C$68.7K
Compensation as of Fiscal Year 2014.

matamec explorations inc (MAT) Key Developments

Matamec Explorations, Inc. expected to report Q2 2015 results on August 29, 2015. This event was calculated by Capital IQ (Created on August 23, 2015).

Matamec Explorations, Inc. expected to report Q2 2015 results on August 29, 2015. This event was calculated by Capital IQ (Created on August 23, 2015).

Canada Strategic Metals Inc. and Matamec Explorations Inc. Reports the Latest Results from the March 2015 Drilling Program

Canada Strategic Metals Inc. and Matamec Explorations Inc. reported the latest results from the March 2015 drilling program. The recent resultants continue to confirm the west-northwest extension of the "25" Zone envelope of gold mineralization. The program, which consisted of seven holes for a total of 2,049 metres of drilling, was aimed at increasing the size of the "25" Zone, the main gold zone, in the La Pointe sector of the Sakami property. The "25" Zone, which at the outset of the program had been traced more than 200 metres along strike, to a depth of over 425 metres along its plunge, has now been tested over a strike length of more than 250 metres and to a depth of over 500 metres along its plunge. A surface map showing drillhole locations and sections can be found on the Company's website at: The next drilling program, planned for the winter of 2016 near the shores of Sakami Lake, will test the west-northwest extension of the "25" Zone. To date, the Company has received the assay results for Holes PT-15-88 to PT-15-90, from the March 2015 program. These holes were planned to test the extension of the mineralized zone to the west and northwest, as well as down dip. All the holes returned wide gold-bearing intersections, including 0.96 g/t Au over 24.00 metres including 10.65 g/t Au over 0.85 metres in Hole PT-15-88; 3.32 g/t Au over 2.80 metres (new zone) and 0.53 g/t over 52.50 metres, including 2.39 g/t Au over 4.50 metres and 1.94 g/t Au over 7.50 metres in Hole PT-15-89; and 0.63 g/t Au over 42.00 metres, including 1.98 g/t over 4.50 metres in Hole PT-15-90. The 2015 drilling program was managed by Consul-Teck Exploration of Val-d'Or, Quebec, who designed and supervised the program and logged and sampled the core. Consul-Teck Exploration implemented QA/QC procedures to ensure best practices in sampling and analysis of the core samples. The drill core was logged and then split, with one-half sent for assay and the other retained in the core box as a witness sample. Duplicates, standards and blanks were inserted regularly into the sample stream. The samples were delivered, in secure tagged bags, directly to the analytical facility for analysis, in this case the ALS Minerals laboratory facility in Val-d'Or, Quebec. The samples are weighed and identified prior to sample preparation. All samples are analyzed by fire assay with AA finish on a 30g sample (0.005-10 ppm Au), with a gravimetric finish for assays over 10 ppm Au. The Sakami Property is located in Archean rocks of the Superior Province, in the transition zone between the La Grande and Opinaca Subprovinces. Elsewhere in the region the contact between the two subprovinces generally corresponds to regional-scale deformation and a sharp change in metamorphic gradient. La Grande consists of volcano- sedimentary packages linked to greenstone belts (15%), intruded by syn- to post-tectonic tonalites, granodiorites and granites (85%), with the volcanics and sediments deformed around the more resistant intrusives. Metamorphic grade increases from greenschist facies to the amphibolite facies toward the contact with the Opinaca. The Opinaca consists of metamorphosed and folded sedimentary rocks such as paragneisses and migmatites creating E-W trending domes and basins, intruded by syn- to post-tectonic tonalites, granodiorites, granites and pegmatites.

Matamec Explorations, Inc. Proposes Amendment to its By-Laws

Matamec Explorations, Inc. proposed the amendment to the by-laws, at the annual general meeting to be held on June 22, 2015.


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