Ontario Gold Mine For Sale

Mcewan Option – Sturgeon Lake Gold Field

Mine Details

Commodity: Gold, Silver
Location: Canada, Ontario
Terms: For Lease, For Sale, Lease Purchase Option
Price: $150,000.00 CDN.

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Located in Ontario, Canada.

Light aircraft may land on Magee Lake under favourable conditions with a light load. By far the best way to reach the Magee Lake area is by the Beckington Lake access road which joins Hwy. 599 2.5 km south of the village of Savant Lake. This forestry access road terminates to the east of Magee Lake where a network of forestry trails allow access to the area around Magee and Pup lakes.


MCEWAN OPTION

Commodities: Gold and Silver.
Latitude: 50° 2' 7.23"
Longitude: -90° 37' 11.82"
Exploration History:
1909 REPORT: SURFACE (SHAFT) SAMPLES ON TB 578,ASSAYS UP TO 5.8 OPT AU AND 40 OPT AG, 1909 REPORT: SURFACE GRAB SAMPLES ON TB 579,ASSAYS UP TO 0.58 OPT AU1909: An article in the Daily Times Journal (Thunder Bay) dated March 20, 1909 stated that A.L. McEwan had optioned claims TB578 and TB579 and the Sylvia from a group of prospectors for $20,000. The group consisted of C. Covering, D. Covering, E. Mathe, F. Monah and J. Talbot. The article stated that the claims were

E. Mathe, F. Monah and J. Talbot. The article stated that the claims were located south of Belmore Bay and hosted three veins on the Sylvia as follows;Vein 1: 2 feet wide, sampled at $100 in gold and 40 oz. Silver per ton.Vein 2: 10 feet wide, sampled at $10 in gold per ton.Vein 3: 4 feet wide, sampled at $20 to $30 in gold per ton.The article stated that a 16 foot shaft had been sunk on each vein.1911: Moore (1911) did not mention this location in his report of the Sturgeon Lake gold properties.1930: Graham (1930) commented briefly on the Davidson Jarvis 15 claim group north of East Bay. His description of three gold bearing veins on HW 679 strongly resembles the veins reported on the McEwan option 1200 m to east.1991: Noranda Exploration Company Ltd. worked on Mr. A. Best's Magee Lake option. During the spring of 1991 Noranada drilled 4 short holes, two of which appear to be located on the McEwan option. The drill holes and surface sampling returned gold assays from 3.7 to 10.6 g gold per tonne but values of 29.8, 46.9 and 59.3 g gold per ton were recorded in the surface and trench sampling program.(Sioux Lookout Assessment File 52J02SE -0107).

The area centred on Magee Lake is underlain by a 500 to 800 m wide band of felsic metavolcanics which trend roughly east. To the north and south the felsic unit is in contact withmafic metavolanics. Mafic units are south the felsic unit is in contact withmafic metavolanics. Mafic units are interlayered in the felsic metavolcanics and there are possibly intrusive metagabbro bodies. Shear zones and quartz veins trend from 025 degrees to 050 degrees with steep dips.




Noranda was the last company to drill this property in 1991. They used a rubber tire machine with a diamond drill attached. Their holes assayed very well but would have been better had they secured the machine prior to engaging the drill as the movement afforded by the tires tended to break drill rod.

A management decision suddenly moved the entire company to British Columbia abandoning the project in it's infancy.
Further exploration was emphatically encouraged by the company geologist as well as the Ministry Resident Geologist who visited the site a number of times.

Despite the big investors moving out of minerals there is still aggressive exploration being conducted in the area by a foreign Chinese company and a Canadian company that has an option on the historic St. Anthony Gold Mine located a few miles from this property.