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 and a massive sulphide deposit occur on the property with limited systematic exploration conducted on these mineral occurrences.
Early stage – greenfield 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 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 other than channel rock sampling by saw.
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.
Hardy Forzley CEO & President