TED Project: Latest property acquisition.
The TED Project consists of the T4-6 mineral claims staked by Bathurst Metals covering 2,644 hectares. It is owned 100% and is adjacent to the south-west of the company’s 100% owned Turner Lake Project. The TED Project covers an eight-kilometer strike length of banded iron formation contained within upper greenschist to lower amphibolite facies of the Archean aged Yellowknife Supergroup. Gold mineralization was discovered in 1984-1986 during the last known systematic exploration conducted by Echo Bay mines. The rocks consist mainly of metasediments and conglomerates -key lithologies found at other known gold occurrences in Nunavut (Sabina, Meadowbank, Meliadine, etc).
Download corporate presentation on the TED Project HERE
Turner Lake Property
Classic Archean lode gold deposit, gold mineralization is concentrated along Fe/Mg Tholeiitic contact. Archean gold deposits typically extend to depth for a significant distance. Received limited diamond drilling to date, all drilling within the first 150 metres from surface with visible gold common in almost all holes that test the gold zone. Good gold grades along significant drill lengths have been encountered, a basic understanding of the strike,dip and plunge of the gold mineralization has the Main Gold Zone ready for a grid pattern drill program which eventually will lead quickly to an NI-43-101 resource study. Several other Gold deposits and a massive Sulphide Deposit occur on the property with limited systematic exploration conducted on these mineral occurrences.
McGregor Lake Property
The company has acquired a100% interest by staking 11 mineral claims covering approximately 13,125 Ha covering the southern exposure of the Proterozoic, Layered Muskox Ultramafic Intrusive (LMUI) in western Nunavut. The LMUI outcrops over 80 kilometres along strike and could be one of the largest layered, ultramafic complexes in the world based on regional airborne surveys. The region has received only sporadic, systematic exploration since its first discovery and exploration by Inco in the late 1950’s. Additional systematic exploration was not conducted again until the 1980’s and in 1999 to 2007. Several geochemical, geophysical, geological mapping and limited diamond drilling has been undertaken on the property. These studies have been able to define at least two sulphide pulses associated with the emplacement of the LMUI. These pulses both contain high nickel and copper concentrations with associated precious metals.
Gela Lake Project
Early stage – greenfield mining exploration project, close to tide water with the potential to host a large bulk tonnage Co/Ni/Cu deposit. Known high grade copper mineralization in quartz veins with associated cobalt blooms occurs within a monzogabbro intrusive. The intrusive is known to outcrop over a two kilometre strike length along the regional Bathurst Inlet Fault. Previous work (1975) indicated a strong correlation between nickel and cobalt.
McAvoy Lake Project
McAvoy Lake Project is a greenfields, lode gold exploration play hosted in Archean Terrain.The 4 kilometre long, north-south trending, and near vertical dipping zone was discovered and only rock sampled in the 1980’s with grab samples up to 64.0 grams/tonne gold.The mineralized structure hosts felsic dyking and quartz veins with pyrrhotite/pyrite and trace chalcopyrite and arsenopyrite and ranges from 0.2 to 2.5 metre in width.There is no documented systematic exploration or evidence on the surface of any exploration completed for mineral deposits other than channel rock sampling by saw.
Speers Lake Project
The company’s Speers Lake Project covers known Copper, Nickel, Palladium, Platinum and Gold mineralization within or along the contact of the Proterozoic Layered Muskox Ultramafic Intrusive (LMUI) in western Nunavut. The region has received only sporadic, systematic exploration since its first discovery and exploration by Inco in the late 1950’s. Additional systematic exploration was not conducted again until the 1980’s and in 1999 to 2007. Several geochemical, geophysical, geological mapping and limited diamond drilling had been undertaken on the property with these studies being able to define at least two sulphide pulses associated with the emplacement of the LMUI. These pulses both contain high nickel and copper concentrations with associated precious metals. Listed below are some of the more significant precious and base metal assay results from historical geochemical rock sampling and diamond drilling.
“President’s Message to Shareholders
To Our Loyal Shareholders, Stakeholders and Supporters,
This last year has been one of significant corporate developments. We are pleased to now focus on the development of the five properties we have acquired or staked in the last year. We have been busy putting together an extensive set of land packages in Nunavut. Our flagship Turner Lake gold exploration project will be our primary project for this coming year’s proposed work program to enhance historic diamond drilling and surface results. Our technical team will also be assessing the McGregor and Speers Lake properties, which have significant diamond drill and surface results of Palladium, Platinum, Nickel and copper, for further work programs. Together with gold exploration potential at our McAvoy Lake property and exciting cobalt, nickel and copper mineralization at the Gela Lake property Bathurst Metals has now compiled a significant and promising land package in Nunavut.
As we progress with planning and execution of our 2021 exploration programs we will keep everyone apprised of our progress with our website updates.
Hardy Forzley CEO & President
Gold prices have climbed sharply in 2020, but they are still off more than 10% from the record high in August. The moves cap a year rocked by a pandemic that led to economic restrictions and fiscal stimulus measures, feeding the precious metal’s appeal as a haven investment
barons.com
The speed at which gold has broken above $2,000 an ounce has left some in the market fearing a correction, but many analysts predict more gains as the coronavirus crisis spurs investors to buy into bullion’s relative safety.
reuters.com
With a global dovish monetary policy and the central bank running their money printing machine at full pace, investors hope that the gold price will continue its rally until it touches $3,000 an ounce.
forbes.com
Next Steps…
The company has now completed the acquisition of its new and promising Turner Lake gold exploration property in Nunavut and looks forward to getting to exploring this area for Gold Deposits, Silver Deposits, Sulphide Deposits and Palladium
Gold Mining & Exploration Company
Gold mining expert services from a committed industry player
Are you looking to extract minerals on your land? Of course, this is not something that you can just do by yourself, as there are several heavy machinery and extensive skills that will be needed. Our expertise in mining, specifically gold mining, places us at the forefront of the industry, and we are ready for you. Once hired, we begin by taking ore samples in order to pinpoint the exact location where the gold is. Once we locate it, we will want to know what other materials surrounds it, which will help us come up with a strategy on how we are going to begin the mining process. If the gold is close to the surface, we will use open-pit techniques, and it is deep below the surface, that’s when we deploy our underground mining techniques, which are unmatched in the industry.
Now, gold mining exploration is challenging and complex, and it requires a lot of time, financial resources as well as expertise in different aspects. At the exploration stage, we will offer a wide variety of services, ranging from geochemical testing, resource calculations, and technical reports, as well as piloting and environmental studies. Our engineers will advise you on the most ideal technology for your project to be successful. We do understand that it won’t be easy – in fact, having a successful discovery is quite difficult as only a very small percentage of the prospected sites will result in a productive mine – but we will rely on the best technology and the best minds to ensure that we get accurate information. Once we discover potentially viable deposits, that’s when we will model the ore body and also assess its feasibility.
Why choose our gold mining company
Zero harm – in all our mining projects, our employees, the communities as well as the environment are always on our minds and we are always committed to ensuring that no harm comes to them. We believe that the best sites are the safest sites, so we have to ensure that we protect your environment.
Efficient technology – we rely on state-of-the-art technology, both at exploration and mining as well.
Skilled and experienced team of engineers – our mining projects are handled by a team of skilled professionals. We understand how challenging the job can get, which is why we send the best to take care of your needs.
Result-driven – we are result-driven and skilled at problem-solving and are also always committed to supporting the growth and development of our company. When you entrust your gold mining project to us, our goal will be to deliver what we will have promised. No shortcuts!
Accountability – we take full accountability for everything that we do, and we also keep our promises to our clients and stakeholders. In addition, we establish long-term relationships with our clients, all established on integrity and trust. We also build trust with our employees as well as the communities where we are operating.