Greenfields exploration project available for option in the world class Timmins gold camp
This 86 square kilometre (33 square mile) property is located nine kilometers (5.6 miles) northeast of Newmont-Goldcorp’s multi-million-ounce Hoyle Pond deposit in the Timmins gold camp, northeast Ontario.
The property covers the extension of the Pipestone Fault System on the north margin of the Timmins gold camp that has produced more than 55 million ounces of gold to date.
|Location||Timmins, Ontario, Canada|
|Status||Available for option|
|Deposit Type||Orogenic gold|
|Property Size||8,475 hectares (20,942 acres)|
|Structural Break||Pipestone Fault (past production of 55 Moz)|
|Host Rock||Ultramafic volcanics in contact with a graphitic shear zone and pyritic argillite|
|Main Economic Elements||Gold|
- Located on a major flexure of the important Pipestone Fault System where it crosses the “Porcupine Giant Mine Corridor” that has produced more than 55 million ounces of gold.
- Neighboring gold deposits on the north sediment contact/Pipestone include Fenn-Gib (2.1Moz), Clavos (+300Koz - 6 km to the east), Bradshaw (+1Moz) and Lake Shore’s (Tahoe) Timmins West deposit (+1Moz)
- Relatively unexplored portion of a major structural break within the Timmins Gold Camp.
- This overburden-covered structural intersection contains excellent targets within the thick, folded and faulted ultramafic, mafic volcanic rocks and adjacent Porcupine sediments – a setting common to many Timmins Camp deposits.
- Strong gold and arsenic anomaly in till samples and large Pb-Ag-Ni MMI soil anomaly
- A five-hole (1,182m) 2014 drill program – two holes intersected a graphitic shear zone at the deformed unconformity between carbonate altered komatiites and Porcupine sediments (Timmins West Mine setting) along the interpreted Pipestone Fault.
- Recent airborne magnetic survey identified prominent structural breaks, and multiple areas for drill targeting
- Seeking earn-in Joint Venture partnerships for follow-up on the successful 2014 drill program