Red Lake, Ontario
The Property consists of three (3) properties:
- Baird/Heyson mineral claims (“Baird/Heyson Property”),
- the Chukuni mineral claims (the “Chukuni Gold Property”), and
- the Whitehorse Island patents (“Whitehorse Gold Property”).
The Baird/Heyson Property, consisting of 15 mineral claims and 141 claim units totaling 2,256 hectares, is located along the south and southeast boundaries of Pure Gold Mining Inc.'s 100% owned Madsen Gold Project. Exploration by previous operators dates back to the 1940s, where work assessments have confirmed the presence of potentially significant gold, silver and copper mineralization associated within favourable geological settings.
The Baird/Heyson Property is principally hosted within Confederation Assemblage rocks, immediately south of the Balmer-Confederation unconformity, in the western portion of the Red Lake Greenstone Belt. There are three main exploration targets of interest on the Baird/Heyson Property: the westward extension of the prolific Madsen Mine Trend, the New Faulkenham Mine Structure Trend, and the base-metal massive sulphide VMS Zone. Previous operators drill tested a zone known as the Faulkenham Mine trend and a VMS copper target, and indicated the presence of a lower grade gold and copper system. Further work on the area is recommended to determine the source of the mineralization.
Chukuni Gold Property
The Chukuni Gold Property consists of 12 mineral claims, totalling 114 claim units and 1,824 hectares, and is located immediately south of and adjoins Goldcorp Inc.’s Red Lake Mine property. Further recommended work on the Chukuni Gold Property should involve a close examination of the recent Red Lake camp developments and also expanding the area of historical focus away from the old showings, noting historical exploration identified the potential of a gold-mineralized system.
Whitehorse Gold Property
The Whitehorse property, comprising two contiguous claims and totalling 35.55 hectares, hosts the Whitehorse Island gold shaft and is situated southwest of and contiguous with the Goldcorp/Premier Gold joint venture Rahill-Bonanza property, and northeast of Premier's 100-per-cent-owned Hasaga property.
The Whitehorse property has seen considerable past exploration and is host to the historical Orlac deposit, located on and northeast of Whitehorse Island on the property, southwest of Rahill-Bonanza. It has been explored and drilled since 1937 by a variety of operators, and has an historical estimated resource of 300,000 tons at 0.08 ounce per ton (Noramco, 1988) and 175,000 tons at 0.2 ounce per ton (Cable Mines & Oils Ltd., 1948) over an area approximately 160 metres long, three to five metres wide and 125 metres deep. Historical intersections included 4.53 grams per tonne (g/t) gold over 26 metres and 4.7 g/t gold over 17.2 metres (Pure Gold Resources, 1987-88), and 3.32 g/t gold over 28.4 metres and 4.7 g/t gold over 17.2 metres (Noramco, 1988). Readers are cautioned that a qualified person (as defined by National Instrument 43-101) has not yet completed sufficient work to be able to verify the historical information. The company is not treating the estimate as a current mineral resource. Management also cautions that past results or discoveries on may not necessarily be indicative to the presence of mineralization on the company's properties. The project will require considerable future exploration, which the company intends to carry out in due course.