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.
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 investmentbarons.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
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
Hardy Forzley CEO & President