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Miner Lake Property Summary
Highlights
- located in the Beardmore-Geraldton Gold Belt
- high grade gold up to 25.2 g/t in grab samples
- wide zones of anomalous gold (9.4m averaging 0.43m
- target large-tonnage bulk mineable deposits
- gold is associated with copper sulphides (chalcopyrite)
- property under-explored
Location and Access
- in the Beardmore-Geraldton Gold Belt, approximately 35km northeast of Beardmore, Ontario
- Provincial Highway 801 crosses the property, approximately 26 km north of Trans Canada Highway 11
- adjacent to Alto's Greenoaks Property, Sage Gold's Jacobus Property and the Hercules Property operated by Kodiak Exploration
- year-round access by truck
Size
- 672 hectares (42 claim units)
Miner Lake Property, Ontario
Maps
Miner Lake Property, Ontario
Geology
- in the Beardmore-Geraldton Gold belt
- granodiorite to diorite plug intrudes sequence of felsic to intermediate fragmental volcanic rocks
- strong biotite-silica alteration associated with major shear zones traversing the intrusive plug
- extensive sulphide mineralization including pyrrhotite, pyrite and chalcopyrite in zones exceeding 60 m in width
- targets are large, bulk mineable open pit deposits
- gold is associated with areas of anomalous copper (chalcopyrite mineralization)
History
The Miner Lake Property has been worked by Beardmore prospectors Robert and Richard Cote since 1998 and their work consisted of mainly prospecting and limited outcrop stripping. Anomalous gold was reported by the prospectors of up to 25.2 g/t gold. The gold is associated with sulphide bearing siliceous felsic volcanics and biotite rich quartz and quartz-feldspar porphyry. Sampling by the Ontario Government Resident Geologist returned gold values up to 7.72 g/t. Most recent work was completed in 2008 by Pro-Am Ventures and included diamond drilling of 6 holes totaling 1,058m. The drilling intersected several zones of anomalous gold up to 1.18 g/t across 0.7m with a wider zone averaging 0.43 g/t gold across 9.4m.
In October, 2009 Alto's geologist re-examined the 2008 drill cores and concluded that additional sampling was required. She marked 550 samples for analyses. During the same October program, almost 100 saw cut channel samples were collected from the previously stripped, sulphide mineralized outcrops.
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