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History Free Gold was first discovered in weathered iron formation on the shores of Emerald Lake in 1897. In 1915 to 1919 the Golden Rose mining company carried out considerable trenching on the property, excavated a 100-foot-long adit with a 150-foot-deep shaft. A small amalgamation mill was built and undisclosed amounts of gold recovered. In 1935-41 the Consolidated Mining and Smelting Company of Canada Ltd. carried out extensive surface and underground exploration and development. The shaft was deepened to 749 feet, and an inclined winze was sunk from the 749 elevation for a length of 577 feet. A total of 15,795 feet of lateral development was excavated on seven levels and five sublevels. A 100-ton-per-day mill operated between 1937 and 1941. In 1987 Noramco Mining Corp. constructed a 400-ton-per-day mill on the property and carried on mine production from August, 1987, to September, 1988, until falling gold prices forced the suspension of activity Geology The gold mineralization occurs primarily as free gold associated with quartz, and as platings on the surface of coarse pyrite crystals. Gold tellurides occur as well. Mineralized zones occur as quartz veins within and in contact with a pre-Cambrian-aged Jasper/magnetite iron formation that has been traced for four miles across the property, and continues on strike to the east of the property. A second band of the iron formation also crosses the property and has a number of known, but yet to be explored, gold occurrences. Iron-formation-hosted gold deposits are known throughout the world and have the potential to be prolific producers.Recent work SNS has identified targets for future exploration which is intended to determine the actual size and extent of mineralization. The latest drilling program has confirmed the historically reported stratigraphy and structure of the property. Mineralogy and alteration is also confirmed. Gold value was intersected, with a grade of 5 ounces per ton and visible gold was observed at a number of locations, with more assays pending. |
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Click to enlarge
Click to enlargeMoving Forward
The strategic plan moving forward will be to confirm and delineate the mineral resource by initiating a surface drill program followed by dewatering and rehabilitation of the existing ramp that will allow for underground drilling. SNS will then commence an extensive exploration program to test the unexplored targets of the Emerald Lake property.
Exploration potential
- The existing mineralization is open to the east, west and at depth
- East and West known fault offsets which create ore shoots have not been explored
- Deposit has only been defined over a length of 1600 feet yet the same geology runs for 4 Miles
- The Southern limb of the anticline has the same iron formation and structure but has never been explored. The genesis of mineralization is the same on both limbs. The southern limb has seen limited exploration but excellent potential exists for similar styles of mineralization as found on the northern limb
- A Second Mineralized zone at depth appears to be open in all directions
- A non-compliant Historical Resource reviewed by L.D.S. Winter, M.Sc., PGeo and reported on in a prospectus dated March 27, 1987 filed by Noramco Mining Corporation references mineralization located above the 400 foot level but does not cover the extension of mineralization which remains open at depth
Disclaimer
The Historical Resource reviewed by L.D.S. Winter, M.Sc., PGeo is relevant but does not comply with the requirements of National Instrument 43-101. Therefore the estimates cannot be relied upon.
The technical information in this section has been reviewed and approved by Joerg Kleinboeck, B.Sc., P.Geo., SNS’s Qualified Person as defined by National Instrument 43-101.
