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 Miner Lake Property Summary Highlights
Location and Access
Size
Maps
Geology
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 totalling 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. The 2010 Miner Lake exploration program was completed in October and included prospecting, geological mapping, overburden stripping and channel sampling. Mapping and prospecting have outlined an area approximately 1.5 km by 1 km of brittle/ductile deformation within variably altered feldspar porphyries intruding intermediate to felsic volcanic rocks. A corridor of better mineralization was traced within this deformation zone almost continuously for one kilometre along strike and it varies from 100 to 300 m in width. Numerous iron sulphide (pyrite and pyrrhotite) occurrences lie within shear zones in this corridor and many contain gold which is associated mainly with chalcopyrite, a copper sulphide mineral. In addition to the gold in shear zones, gold also occurs in chlorite altered breccia zones within the feldspar porphyry. The extent of these breccias has not been mapped out yet and they can be potentially significant as they have many visual similarities to the Cote Lake gold mineralization located north of Sudbury and reported by Trelawney Mining and Exploration Inc. Results received to date include highly anomalous gold values, in both grab and channel samples. Results from Alto's 2009 surface saw-cut channel sampling of the shear hosted mineralization returned significant gold at the Whaleback Trench averaging 1.78 g/t gold and 0.11 % copper across 19 m and includes one section of 3.36 g/t gold and 0.24% copper across 5.0 m and another section of 6.29 g/t gold and 0.08% copper across 2.0m. These higher grade sections are contained within a wide sulphide-rich envelope that is almost 50 m wide. Channel sampling of the breccia zones in 2010 returned very encouraging results which include 6.79 g/t gold across 1.0 m and 4.14 g/t gold across 1.4 m. These results are very significant as the breccia zones appear monotonous and until recently have not been recognized as potential host to gold mineralization. Channel sampling results from other areas along the mineralized corridor include 1.1 g/t gold and 0.2% copper over 4.0 m in another. Significant gold and copper values were also obtained in grab samples, including 3.57 g/t gold and 0.17% copper; 1.7 g/t gold and 1.3% copper; 2.71 g/t gold; and 1.52 g/t gold and 0.71% copper. Other metals are also associated with some of the sulphide occurrences including zinc (up to 2.5% in grabs), molybdenite (up to 0.1% in grabs) and silver (up to 13 g/t in grabs). Small portions of the mineralized corridor were tested by two drill holes in the past intersecting anomalous gold and copper. The best part of the mineralized envelope remains to be drilled. The main target on this property is a large gold (with copper) deposit that might be exploited by open pit mining. The Company is preparing an exploration program for the Miner Lake property to start during the summer in 2011. The program will include diamond drilling to test the Whaleback Trench and sections of the gold mineralized corridor. Surface work including outcrop stripping, mapping and sampling is also being planned to delineate other drill targets. |
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