Edleston (Au),

100% EUC, Ontario, Canada

Highlights:

  • Mineralisation is associated with moderate to strong IP chargeability anomalies within the larger Cadillac-Larder Fault Zone, host to >75Moz Au previous production. Broader Abitibi Greenstone belt has a total endowment of >144Moz Au[1]

  • Extensive mineralisation delineated by 156 diamond drill holes for >46,000m of drilling across a strike length of 540m and a maximum depth of ~500m

  • Corridor of >3,300m strike defined by multiple IP targets yet to be drill tested- walk up priority drill targets defined. >10km of prospective geological strike within tenure

  • Multiple significant high-grade drilling intercepts include:

    • 5.3m at 81.39 g/t Au from 110m

      • Including: 0.9m at 433.97 g/t Au from 115.4m

    • 3.3m at 57.4 g/t Au from 207.4m

      • Including: 0.35m at 540.3 g/t Au from 208.3m

    • 0.5m at 94.24 g/t Au from 275.15m

    • 1.7m at 90.29 g/t Au from 209m

      • Including: 0.6m at 253 g/t Au from 210.1m

    • 3.44m at 25.85g/t Au from 107.66m

    • 3.93m at 14.68 g/t Au from 130.67m

      • Including: 0.33m at 109 g/t Au from 130.67m

    • 3m at 20.34 g/t Au from 163m

      • Including: 1m at 50.6 g/t Au from 163m

    • 4.25m at 9.72 g/t Au from 172.75m

      • Including: 0.3m at 130 g/t Au from 172.25m &              

    • 1.92m at 19.23 g/t Au from 223.25m

  • Extensive broad scale significant intercepts include:

    • 64.9m at 1.82 g/t Au from 104.1m

    • 101m at 1.06 g/t Au from 153m

    • 94.9m at 0.82 g/t Au from 45.2m

    • 68.5m at 1.27 g/t Au from 89.4m

34.8m at 2.08 g/t Au from 337m

 

[1] Monecke Et Al, Archaean Base and Precious Metals Deposits, Southern Abatibi Greenstone Belt, Canada, Society of Economic Geologists 2017 v19, pp. 1-5

Location:

The Edleston Project is located approximately 60km via road to the south of Timmins, Ontario.  Both towns of Kirkland Lake and Timmins are significant former and current producers, with all required services and skilled labour available to support exploration and development of the Project. 

The Young-Davidson Mine is located to the east and Cote Lake Deposit to the West.  The Cadillac - Larder Lake Fault zone where the Project is located within has produced ~75Moz of gold.  Within the broader Abitibi Greenstone Belt, a total of 180Moz of gold has been produced since gold was first discovered in the belt in the early 1900’s.  Ontario is world renowned as a mining friendly jurisdiction.

Geology and Mineralisation:

Edleston is located within the Abitibi Greenstone Belt of Archean metavolcanic and metasedimentary assemblages which have been steeply folded with the axes trending in a general east-west direction. These have been intruded mainly by large granitic bodies and by masses of mafic and ultramafic rocks and well as several ages of younger dolerite dykes.  The Abitibi Greenstone Belt extends from north-eastern Ontario and northern Quebec for over 800km.

Regionally the Project is located within the western extension of the Cadillac-Larder Fault Zone along which a number of major gold deposits and mines are located.  The occurrence of a Timiskaming conglomerate, similar to that occurring at Kirkland Lake, at several places within the eastern extent of the Project supports this view.

The host lithology is an altered and sheared ultramafic that exhibits extensive silicification and contains abundant quartz-carbonate veins, veinlets and fracture fill.  This host unit extends over 10km to the east of the drilled area.

Mineralisation is broadly distributed throughout this lithology as pyrite in ranges of 3 to 5% with trace chalcopyrite and occasional visible gold.  Intercalated volcanic and metasedimentary units lie to the north and south of the Edleston mineralised zone.

Along strike 1.5km to the east of the drill defined Edleston Zone is the Sirola Zone which exhibits identical geology and mineralisation and contains some of the only exposed outcrops in the region.  Outcrops consist of an altered reddish feldspar porphyry which lies in contact with mineralised ultramafic volcanic.  These formations have a general strike of 100 degrees azimuth with a steep dip and are generally sheared and highly altered by carbonatization and silicification.

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