Junior Mining Companies

Gold Claims in Uchi Belt Ontario Canada

Mine For Sale

Mine Details

Commodity: Gold
Location: Canada, Ontario
Terms: For Sale
Price: 4-Year Earn In Option for 100% US $ 540,000 for Year 1 Drilling

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Summary:

Central Uchi Belt Lode Gold- Property For Option in Northwesterb Ontario Near Picklec Lake
185 Mining Claim Units (10.6 Sq. Miles) For Option With 2-Mile- Drill - Ready Gold Target In The Prolific Uchi Belt, NW Onatrio
This large claim group has a two-mile long drill ready target on an 8.6 km – long dilatational Riedel shear zone that has never been drilled- with 56 anomalous gold sample stations, 64 anomalous molybdenum, 90 anomalous iron, 20 anomalous arsenic and 35 anomalous antimony sites. These are the - same anomalous five gold indicators as were identified over the 22 M oz Hemlo gold deposit... A VLF-EM ground survey identified 28 wide strong Current Density anomalies that are highly correlated with the gold geochemical anomalies on an array of sub-parallel conductors over a 1700 m length and 400 m wide corridor within the 2-mile gold anomalous corridor. 34 NQ drill holes are proposed.

Location and Access:

Northwest of Thunder Bay ON and east of Red Lake ON Access by winter road for drilling

Description:

FRY-McVEAN GOLD PROPERTY, NORTHWESTERN ONTARIO
The claims encompass 10.5 square mile as a grassroots gold property. The value proposition is to take a 4-year 100% earn-in option to acquire the property by drilling a 2-mile long by 400 m wide dilational Riedel shear zoned target as defined by a highly- correlated geological, geochemical and geophysical anomalies from three separate surveys.

Geology:

The property is on the Meen-Dempster Archean greenstone belt on a major regional trans-crustal shear / fault zone with second order Riedel shear zones.

The exploration focus is on the Fry-McVean 3,200 m (2-mile) by 400 m wide dilational shear zone with 314 gold indicator anomalies of Au, As, Fe, Mo and Sb, in humus soil, that is drill ready and un-tested. 58 gold anomalies were identified on the 2-mile target from 1,087 soil samples taken on the claims. The above anomalies are the same five (5) gold indicator elements that are anomalous in the humus soil directly over the 22-million ounce Hemlo, Ontario gold deposit.

The 314 gold indicator element anomalies on the Fry-McVean claims in northwestern Ontario form the target area for exploration. The above anomalous 2 MILE DRILL TARGET HAS NEVER BEEN DRILLED.

A major Riedel shear zone was identified by this writer from an Ontario Geological Survey airborne VLF-EM conductors . The Riedel shear zone is interpreted as a dilational gold host structure that extends over 8.5 km on strike and includes the DRILL TARGET.

Highly correlated VLF-EM Current Density(CD) anomalies are related to the above geochemical gold soil anomalies. The CD geophysical anomalies are probable indications of Fe-, As-, Mo- and Sb- bearing sulphide minerals in the bedrock that are commonly found in orogenic gold deposits.- namely pyrite, arsenopyrite, molybdenite and stibnite.

The Fry-McVean 3,200 meter by 400 meter geochemical anomalous gold corridor target is a Riedel-shear zone target that has the following generic characteristics:
(1) the same dilational Riedel shear zone and Pull-Apart structural features are found on eight (8) World Class gold mines in 4 global continents which includes 2 giant deposits, the Golden Mile mine in Australia and the Obuasi mine in Ghana for about 120 million ounces, and the Red Lake Mine Trend mines for 26 million ounces of gold.
(2) the Fry-McVean 2-mile anomalous Target has the same structural geometric features as eight major gold mines and / or major mining camps in Superior Province that include the Hemlo mine, the Red Lake mining camp, the Pickle Lake mining camp and the Val d’Or mining camp etc. All of these mining establishments have Triple Point or Quadruple Point Junctions of felsic pluton as defined by David Groves.

The above two features are described by D.L Groves as geometric structural features of World Class and Giant gold deposits. These geometric structural features were identified by this writer in the Fry-McVean 3,200 meter by 400 meter geochemical anomalous gold corridor. A Power Point presentation is available on these structures.

David Groves’ paper is available on the internet as”Structural geometry of orogenic gold deposits: Implications for exploration of world-class and giant deposits David I. Groves a,b , M. Santosh b,c,d,*, Richard J. Goldfarb b , Liang Zhang”.

Other comprehensive Power Points are available on request.

History:

In 1992, Major General Resources drilled a gold showing on the regional Fry-McVean shear zone located several hundred meters to the north and parallel to the 2-mile long subordinate Riedel shear zone target. The best drill intersection was 24 g/t Au over 0.5 m other holes returned assays of 2.65 g/t Au over 1.7 m and lower.

In 2008 the position of the 32-km long Fry-McVean shear zone was revealed by Ontario Geological Survey mapping.

By examination of the Ontario Geological Survey’s airborne magnetic and VLF-EM survey maps, this writer identified the 8.5 km long Riedel shear zone that is the focus of exploration. 110 miles to the west of the 26 million ounce Campbell-Red Lake mine at Red Lake is hosted in Riedel shear zones with proximate iron carbonate alteration near the ore veins.

In 2011, this writer conducted a 1,087 humus soil sample survey to cover the Fry-McVean shear zone and the subordinate Riedel shear zone. The survey revealed that a 2-mile length of the Riedel shear zone corridor was anomalous with 314 anomalous indicator element assays. This target is open to the east for an additional 2.5 miles.

The writer examined the anomalous corridor by ground truthing scattered outcrops near the overburden-covered anomalous sample stations. This work revealed that the mafic volcanic flows in the outcrops had been altered metasomatically to iron carbonate (ferric dolomite) rock by hydrothermal solutions with accessory tourmaline crytals. These minerals are gold indicators that are found proximate to gold deposits at Timmins and at Red Lake Ontario.

The identification of major long and wide CD anomalies (50 -100 m wide) within a long and wide Riedel Shear Zone (8.5 km long X 400 m wide) combined with 314 anomalous gold indicator anomalies in the nearby soil over a 2-mile strike length, together provide a means of identifying gold drill targets with a high degree of integrity. The CD anomalies are probably due to sulphide minerals in the Riedel shears within the concealed bedrock that have generated the indicator element ions in the humus soil-namely: As, Fe, Sb and Mo together with Au.

In 2020, this writer commissioned Abitibi Geophysics to conduct a 17-line VLF-EM ground survey over half of the 2-mile long gold target,

Abitibi Geophysics reported their Interpretation of the
VLF-EM data. Abitibi identified a minimum of eight (8) conductive axes of 100 to 500 m in length, as well as eight (8) isolated conductive sources on the Linjog Lake grid.. On the Unnamed Lake grid, four (4) conductive axes (100 m to 400 m strike length), and two (2) isolated conductive anomalies were reported.

The identification of major long and wide CD anomalies (50 -100 m wide) within a long and wide Riedel Shear Zone (8.5 km long X 400 m wide) combined with 314 anomalous gold indicator anomalies in the humus soil located close to or over the CD anomalies on the 2-mile target strike length, together provide a means of identifying gold drill targets with a high degree of integrity. The CD anomalies are probably due to sulphide minerals in the concealed bedrock that have generated the indicator element ions in the humus soil-namely: As, Fe, Sb and Mo together with Au.

Karous-Hjelt Current Density (CD) anomalies from ground VLF-EM surveys have revealed orogenic gold deposits on line profiles (pseudo-sections)in the following mines:

o Padavurra gold mine in India
o Cominco’s Snip mine in British Columbia
o And Harte Gold Mine;s Sugar Zone gold mine
o
Hence, CD anomalies together with related Apparent Resistivity (AR) anomalies are used to identify targets for gold discovery. An AR anomaly was identified over the Fenelon gold discovery of Wallbridge Mining in Abitibi, Quebec.34 proposed diamond drill hole sites and profiles at Linjog Lake and Unnamed Lake are designed to intersect strong Current Density anomalies and/or humus gold geochemical anomalies. Maps of the drill hole locations and tables of proposed drill hole data have been prepared.

Additional Information:

CONCLUSIONS
-The 2-mile target is drill ready and untested.
-28 drill hole positions have been selected as potential drill sites.
-The proposed drill program will use the winter road access via the Ontario Hydro power line on the Cat Lake-Pickle Lake winter road.
-IMHO the property has the potential for a multi-million ounce gold deposit.

PRICE AND TERMS
-A 1,500 m drill program in year one (1 ) of the option will cost approximately Cdn $630,000 as part of a 4-year earn-in option for 100% ownership. The owner would retain an NSR royalty on mine- produced precious metals. Over four (4) years a proposed $3 million CDN would be expended on drilling.
-The NSR Royalty would escalate from 2% below US $2,000 per ounce to 3% between US $2,000 and US $3,000 per ounce and 3% US $3,000 and above per ounce.
-The writer has an equitable Option Agreement contract prepared.

Photos:

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