April 19, 2018 11:52 PM ET

Metals and Mining

Company Overview of SOQUEM inc.

Company Overview

SOQUEM inc. explores and develops metals and minerals in Québec. It offers diamonds for jewelry; iron for steel; niobium for modern steel; gold for jewelry, goldsmithing, and gold bars; lithium for glass, ceramics, lubricants, rubber, enamels, batteries, primary aluminum, pharmaceuticals, and alloys; copper for coins, microprocessors, batteries, piping, and kitchen implements; and rare-earth elements for oil refining, glass, ceramics, rechargeable batteries, wind turbines, and MP3 players. The company was founded in 1965 and is based in Val-d’Or, Canada.

600, avenue Centrale

Val-d’Or, QC J9P 1P8

Canada

Founded in 1965

Phone:

819-874-3773

Fax:

819-874-3770

Key Executives for SOQUEM inc.

Chief Executive Officer and President
Secretary and Director
Regional Director
Compensation as of Fiscal Year 2017.

SOQUEM inc. Key Developments

Sphinx Resources Ltd. and SOQUEM Intersects 6.6% Zinc over 1.4 Metre Within A Stratiform

Sphinx Resources Ltd. and its partner SOQUEM announced that hole CS-18-07 returned 6.6% zinc over 1.4 m within a stratiform and shallow-dipping mineralized horizon that graded 3.0% zinc over a 6.8 m length beginning at a depth of 18 m from their recently completed diamond drilling program on the Calumet-Sud zinc project in Quebec. This hole follows the announcement of the results of hole CS-18-06 that returned 9.0% zinc over 1 m within the same mineralized horizon that graded 3.1% zinc over a 6.4 m length beginning at a depth of 15.6 m. Based on outcrop measurements of mineralization and drill hole orientation, the true thickness is estimated at 97% of the drilled length. Assays are pending for the remaining nine holes. The above holes are 24 m apart. Analytical protocol: Samples were analyzed by ALS in Val d’Or, Quebec. The analytical process consisted of crushing, splitting and assaying using sodium peroxide digest finish with ICP AES finish. Sphinx applies industry-standard QA/QC procedures to the program.

Sphinx Resources Ltd. and SOQUEM Announce the Initial Results of Recently Completed Diamond Drilling Program on the Calumet-Sud Zinc Project in Quebec

Sphinx Resources Ltd. and its partner SOQUEM announced the initial results of their recently completed diamond drilling program on the Calumet-Sud zinc project in Quebec. Hole CS-18-06 returned 9.0% zinc over 1 m within a stratiform and shallow-dipping mineralized horizon that graded 3.1% zinc over a 6.4 m length beginning at a depth of 15.6 metres. Based on outcrop measurements of mineralization and drill hole orientation, the true thickness is estimated at 100% of the drilled length. This hole is located on the Sonny Zone where all eight (8) holes drilled during this program intersected the sub-horizontal zinc-bearing horizon. The horizon is known to date over a surface area 113 m long by 60 m wide. The Corporation considers that these results are very encouraging. Assays are pending for the remaining ten (10) holes. The zinc-bearing horizon is defined by the presence of massive sphalerite bands ranging from one centimetre to several centimetres in thickness, as well as disseminated sphalerite, pyrite and pyrrhotite, all hosted in dolomitic marble. All of the drill holes confirm that mineralization is metamorphosed SEDEX-type (SEDimentary EXhalative, more than half of the world’s zinc and lead production is from mines producing from of this type of deposit). Beyond the area of this drilling, the horizons can be traced over a 1.5 km strike length on the basis of strongly anomalous zinc values in soils and limited drilling conducted by Sphinx and SOQUEM in 2017.

Sphinx and SOQUEM Announce Intersection of Extensive Near-Surface Zinc Mineralized Horizons in Drilling on the Calumet-Sud Project

Sphinx Resources Ltd. and its partner SOQUEM announced the completion of their second diamond drilling program. Eleven (11) holes have been drilled for a total of 426 m on the Calumet-Sud zinc project. The visual observations show that: On the Sonny Zone, all eight (8) holes intersected a sub-horizontal zinc-bearing horizon that is continuous over 113 m with a width of 60 metres. It starts at surface and continues to a depth of 29 metres; On the Sonny West Zone, the three (3) holes indicate that the horizon is sub-vertical. It was intersected over 50 metres; and All of the drill holes confirm that mineralization is metamorphosed SEDEX-type (SEDimentary EXhalative, more than half of the world's zinc and lead production is from mines producing from of this type of deposit). These horizons are defined by the presence of massive sphalerite bands ranging from one centimetre to several centimetres in thickness, as well as disseminated sphalerite, all hosted in marble. Beyond the area of this drilling, the horizons can be traced over a 1.5 km strike length on the basis of anomalous zinc values in soils and limited drilling conducted by Sphinx and SOQUEM in 2017. The discovery area is located 2 km from the historic New Calumet Mines Limited zinc-lead-silver-gold mine, which produced 3.8 million tonnes of ore at a grade of 5.8% Zn, 1.6% Pb, 65 g/t Ag et 0.4 g/t Au from 1944 to 1968.

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