An early stage exploration project adjacent to the Dome Mine in the world class Timmins gold camp in Northeastern Ontario (formerly called Golden Perimeter)
|Location||Timmins, Ontario, Canada|
|Status||Available for option - drill program completed in winter 2020|
|Deposit Type||Intrusion-associated disseminated gold/sulfide (Main Block); Iron formation-associated gold (Shaw Block)|
|Property Size||Main Block: 102 square kilometers (39 square miles); West Block: 16 square kilometers (6 square miles); Shaw Block: 68 square kilometers (26 square miles)|
|Host Rock||Main Block: Monzonite intruded into lower Tisdale komatiites and mafic volcanic rocks on the south edge of the Shaw dome; Shaw Block: Deloro intermediate volcanics and iron formation, which is unconformably overlain by Tisdale tholeiitic mafic to intermediate volcanics and lesser felsic/intermediate volcanics and komatiitic ultarmafic flows in the core of the Shaw Dome|
|Main Economic Elements||Gold|
The Timmins South property is located immediately south of the Porcupine-Destor Break and 7 kilometers (4.3 miles) southeast and bordering Newmont's Dome Mine property
This project includes several well-known high-grade gold occurances. At the Bay Lake gold showing as 12-meter shaft was sunk in the 1930s on a 1.37 meter wide quartz vein, which returned composite samples of 150.8 g/t gold, 43.2 g/t gold and 35.17 g/t gold and historic grab samples of 766.2 g/t gold and 229.7 gt gold (reference Ontario Geological Survey Inventory Record MDI42A06NE0017). * Note - grab samples by their nature are selective and not necessarily representative of the mineralization hosted on the property.
- Summer 2022 exploration program consisted of ground-truthing locations of historic drill collars, prospecting and geological mapping to follow up on historic surface sampling and drilling to generate targets for follow-up work.
- Samples contained elevated gold values along the southwest margin of a southeast striking iron formation at the Bay Lake and Turner showings.
- The 2022 rock sample grading 300g/t gold supports the potential for high-grade gold in quartz-veined iron formation.
Seeking earn-in Joint Venture partnerships.