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Hy Lake Gold Inc (CNSX: HYL) - Properties
Mount Jamie Property
Location and Access: The property is located some 70 km west of the town of Red Lake in northwestern Ontario and is reported to be accessible by a series of paved, gravel and bush roads. The property is also accessible by float-equipped aircraft landing at either the north end of Golden Arm Bay or the east end of Pipestone Bay on Red Lake.
Ownership: Hy Lake has purchased a 100% interest from Jamie Frontier Resources Inc, subject to a 3% NSR, in the property, which consists of nine contiguous patented claims totalling 142.54 hectares in Todd Township.
Regional Geological Setting: The property is situated within the historic Red Lake gold camp at the western end of the Red Lake greenstone belt, a series of Archean-age supracrustal rocks that form part of the Uchi Subprovince of the Superior Province of the Canadian Shield. The Red Lake greenstone belt consists of mainly volcanic rocks with lesser clastic sediments and is bounded on all sides by large granitic batholiths. The volcanic rocks are dominated by two major groups: an older tholeiitic-komatiitic sequence and a younger calc-alkaline sequence. Five discrete, linear zones of high strain (deformation zones) have been identified and measure of the order of 1-3 km in width, 10’s km in strike length and are usually parallel or subparallel to the volcanic stratigraphy. Known occurrences of gold are found widely disseminated throughout the Red Lake greenstone belt, but over 95% of them occur within the komatiitic-tholeiitic sequence. More significant however, is the fact that all the major deposits (past and present producers) are distributed within or immediately adjacent to deformation zones. Historically, the Red Lake gold camp has seen gold production from 28 different mines since 1929, of which only the Campbell and Red Lake Mines of Goldcorp are active at present (Note: The latter was formerly Dickenson’ s A.W. White Mine). Over 24 million troy ounces have been recovered in total within the camp. The Red Lake Mine currently has the distinction of being one of the lowest, if not the lowest, cost gold mines in the world by virtue of its mined grade of approximately 2.3 oz/t. Four main types of ore bodies have been recognized and include ferroan dolomite veins, arsenopyrite-quartz replacement zones, sulphide replacement bodies and quartz veins.
Current Status and Mineral Inventory: A past producer (1500 tons @ approx 0.4 to 0.5 oz/ton). A non NI 43-101 compliant historical inferred resource has been estimated as 44,535 tons (40,401 t) of ore grading 0.438 oz/ton (15.0 g/t).
Property History: It is reported that gold mineralization on the property was first discovered in about 1920. Eleven claims were subsequently patented in 1928. From the early 1930s to the early 1970s, various owners conducted surface diamond drilling, sunk two vertical shafts on two auriferous quartz veins and performed underground lateral development/exploration work. From the early 1970s to mid-2005, surface and underground diamond drilling continued on and off, surface mapping and some geophysical surveys were performed and a limited tonnage of ore was processed by a number of junior companies. Since acquiring the property in early 2007, Hy Lake has completed a 39 DDH program and confirmed the known character of the Mount Jamie Property as narrow, high-grade zones of gold-bearing mineralization. Highlights included 1.1 oz/t over 11.5 ft, 1.0 oz/t over 4.9 ft, 1.0 oz/t over 3.28 ft and 0.2 oz/t over 5.7 ft.
Property Geology and Mineralization: Rocks in the vicinity of the property comprise the Ball Assemblage and lie within the Pipestone Bay-St. Paul’s Bay deformation zone. The main mass of the Ball Assemblage is composed of calc-alkalic mafic flows and intermediate to felsic calc-alkalic flows and tuffs. Well-preserved stromatolitic dolomitic carbonate rocks are found in the upper part of the Ball Assemblage in Ball and Todd Townships.
Two parallel gold-bearing veins have been identified and are in an east-west trending, steeply dipping to the south/southwest shear zone within a sequence of mafic to felsic metavolcanics. This zone can be traced for several kilometres along strike. Its width varies from a few feet to perhaps 100s of feet. Within the zone, two distinct types of mineralization have been observed: (1) veins and lenses of gold-bearing quartz in association with minor to trace amounts of pyrite, pyrrhotite, sphalerite, chalcopyrite, galena and the odd flake of visible gold, and (2) smoky quartz veins, massive with stress lines and random disseminated flakes of visible gold.
Overall Assessment: Good to excellent potential along strike and down dip from a geological viewpoint. The high-grade gold zone at the Red Lake Mine wasn’t discovered until almost 50 years after the mine began production. As such we believe that this region needs systematic exploration approach.
Ownership: Hy Lake has purchased a 100% interest from Jamie Frontier Resources Inc, subject to a 3% NSR, in the property, which consists of nine contiguous patented claims totalling 142.54 hectares in Todd Township.
Regional Geological Setting: The property is situated within the historic Red Lake gold camp at the western end of the Red Lake greenstone belt, a series of Archean-age supracrustal rocks that form part of the Uchi Subprovince of the Superior Province of the Canadian Shield. The Red Lake greenstone belt consists of mainly volcanic rocks with lesser clastic sediments and is bounded on all sides by large granitic batholiths. The volcanic rocks are dominated by two major groups: an older tholeiitic-komatiitic sequence and a younger calc-alkaline sequence. Five discrete, linear zones of high strain (deformation zones) have been identified and measure of the order of 1-3 km in width, 10’s km in strike length and are usually parallel or subparallel to the volcanic stratigraphy. Known occurrences of gold are found widely disseminated throughout the Red Lake greenstone belt, but over 95% of them occur within the komatiitic-tholeiitic sequence. More significant however, is the fact that all the major deposits (past and present producers) are distributed within or immediately adjacent to deformation zones. Historically, the Red Lake gold camp has seen gold production from 28 different mines since 1929, of which only the Campbell and Red Lake Mines of Goldcorp are active at present (Note: The latter was formerly Dickenson’ s A.W. White Mine). Over 24 million troy ounces have been recovered in total within the camp. The Red Lake Mine currently has the distinction of being one of the lowest, if not the lowest, cost gold mines in the world by virtue of its mined grade of approximately 2.3 oz/t. Four main types of ore bodies have been recognized and include ferroan dolomite veins, arsenopyrite-quartz replacement zones, sulphide replacement bodies and quartz veins.
Current Status and Mineral Inventory: A past producer (1500 tons @ approx 0.4 to 0.5 oz/ton). A non NI 43-101 compliant historical inferred resource has been estimated as 44,535 tons (40,401 t) of ore grading 0.438 oz/ton (15.0 g/t).
Property History: It is reported that gold mineralization on the property was first discovered in about 1920. Eleven claims were subsequently patented in 1928. From the early 1930s to the early 1970s, various owners conducted surface diamond drilling, sunk two vertical shafts on two auriferous quartz veins and performed underground lateral development/exploration work. From the early 1970s to mid-2005, surface and underground diamond drilling continued on and off, surface mapping and some geophysical surveys were performed and a limited tonnage of ore was processed by a number of junior companies. Since acquiring the property in early 2007, Hy Lake has completed a 39 DDH program and confirmed the known character of the Mount Jamie Property as narrow, high-grade zones of gold-bearing mineralization. Highlights included 1.1 oz/t over 11.5 ft, 1.0 oz/t over 4.9 ft, 1.0 oz/t over 3.28 ft and 0.2 oz/t over 5.7 ft.
Property Geology and Mineralization: Rocks in the vicinity of the property comprise the Ball Assemblage and lie within the Pipestone Bay-St. Paul’s Bay deformation zone. The main mass of the Ball Assemblage is composed of calc-alkalic mafic flows and intermediate to felsic calc-alkalic flows and tuffs. Well-preserved stromatolitic dolomitic carbonate rocks are found in the upper part of the Ball Assemblage in Ball and Todd Townships.
Two parallel gold-bearing veins have been identified and are in an east-west trending, steeply dipping to the south/southwest shear zone within a sequence of mafic to felsic metavolcanics. This zone can be traced for several kilometres along strike. Its width varies from a few feet to perhaps 100s of feet. Within the zone, two distinct types of mineralization have been observed: (1) veins and lenses of gold-bearing quartz in association with minor to trace amounts of pyrite, pyrrhotite, sphalerite, chalcopyrite, galena and the odd flake of visible gold, and (2) smoky quartz veins, massive with stress lines and random disseminated flakes of visible gold.
Overall Assessment: Good to excellent potential along strike and down dip from a geological viewpoint. The high-grade gold zone at the Red Lake Mine wasn’t discovered until almost 50 years after the mine began production. As such we believe that this region needs systematic exploration approach.
Red Summit Property
Location and Access: The Rowan Lake Property is situated in northwestern Ontario, 16 km west northwest of the town of Red Lake in Todd Township. The property is accessible by a series of paved, gravel and bush roads from Red Lake. It adjoins the Mount Jamie Property to the west.
Ownership: Hy Lake has an option from Claude Resources, which covers two contiguous patented mining claims (26 ha), subject to a 3% NSR (Net Smelter Return) royalty, of which 1% is buyable by Hy Lake for $500,000.
Regional Geological Setting: The property is situated within the historic Red Lake gold camp at the western end of the Red Lake greenstone belt, a series of Archean-age supracrustal rocks that form part of the Uchi Subprovince of the Superior Province of the Canadian Shield. The Red Lake greenstone belt consists of mainly volcanic rocks with lesser clastic sediments and is bounded on all sides by large granitic batholiths. The volcanic rocks are dominated by two major groups: an older tholeiitic-komatiitic sequence and a younger calc-alkaline sequence. Five discrete, linear zones of high strain (deformation zones) have been identified and measure in the order of 1-3 km in width, 10’s km in strike length and are usually parallel or subparallel to the volcanic stratigraphy. Known occurrences of gold are found widely disseminated throughout the Red Lake greenstone belt, but over 95% of them occur within the komatiitic-tholeiitic sequence. More significant, however, is the fact that all the major deposits (past and present producers) are distributed within or immediately adjacent to deformation zones. Historically, the Red Lake gold camp has seen gold production from 28 different mines since 1929, of which only the Campbell and Red Lake Mines of Goldcorp are active at present (Note: The latter was formerly Dickenson’ s A.W. White Mine). Over 24 million troy ounces have been recovered in total within the camp. The Red Lake Mine currently has the distinction of being one of the lowest, if not the lowest, cost gold mines in the world by virtue of its mined grade of approximately 2.3 oz/t. Four main types of ore bodies have been recognized and include ferroan dolomite veins, arsenopyrite-quartz replacement zones, sulphide replacement bodies and quartz veins.
Current Status and Mineral Inventory: Past producer (1935 - 36) of 562 tons @ approx 0.5 oz/ton. A non NI 43-101 compliant, historic mineral resource of 36,496 tons @ 0.203 oz/ton has been reported.
Property History: The first recorded exploration took place in 1930. Trenching and some diamond drill took place over the next four years. In 1935, Red Crest Gold Mines Limited sunk a three compartment vertical shaft and installed a 5-ton mill. It also conducted limited underground lateral development and diamond drilling. It is presumed that the property remained relatively dormant until about 1981, when Northgate performed some surface mapping. In 1987, diamond drilling by Orofino Resources located narrow gold intersections over a strike length of 1,800 feet (549m), which extends 500 feet (152.5m) east and 300-400 feet (91.5- 122m) west of the shaft.
Property Geology and Mineralization: The property is underlain by east-west striking mafic volcanics, intruded by a small stock of quartz diorite. A zone of shearing dips 60-70° N adjacent to the south margin of the stock, and cuts the quartz diorite/volcanic rock contact at a small angle in and east-west direction. To the east, the shearing extends into the volcanic rocks whereas to the west it penetrates into the quartz diorite. This shear zone contains barren white quartz veins, auriferous banded blue-grey vein quartz and barren quartz-carbonate veins. Gold is associated with coarse grained pyrite that occurs in the blue quartz veins and in adjacent, shattered silicified wall rock. The largest amount of fracturing and highest gold concentrations occur where the shear zone intersects the quartz diorite/volcanic rock contact. The shear zone is reported to contain possible ore shoots totalling 206 m in length on surface and 14.6 m or more at the 575-foot level. Ore widths average about 1.5 m.
Future Exploration Plans: Detailed mapping, especially of structural features.
Ownership: Hy Lake has an option from Claude Resources, which covers two contiguous patented mining claims (26 ha), subject to a 3% NSR (Net Smelter Return) royalty, of which 1% is buyable by Hy Lake for $500,000.
Regional Geological Setting: The property is situated within the historic Red Lake gold camp at the western end of the Red Lake greenstone belt, a series of Archean-age supracrustal rocks that form part of the Uchi Subprovince of the Superior Province of the Canadian Shield. The Red Lake greenstone belt consists of mainly volcanic rocks with lesser clastic sediments and is bounded on all sides by large granitic batholiths. The volcanic rocks are dominated by two major groups: an older tholeiitic-komatiitic sequence and a younger calc-alkaline sequence. Five discrete, linear zones of high strain (deformation zones) have been identified and measure in the order of 1-3 km in width, 10’s km in strike length and are usually parallel or subparallel to the volcanic stratigraphy. Known occurrences of gold are found widely disseminated throughout the Red Lake greenstone belt, but over 95% of them occur within the komatiitic-tholeiitic sequence. More significant, however, is the fact that all the major deposits (past and present producers) are distributed within or immediately adjacent to deformation zones. Historically, the Red Lake gold camp has seen gold production from 28 different mines since 1929, of which only the Campbell and Red Lake Mines of Goldcorp are active at present (Note: The latter was formerly Dickenson’ s A.W. White Mine). Over 24 million troy ounces have been recovered in total within the camp. The Red Lake Mine currently has the distinction of being one of the lowest, if not the lowest, cost gold mines in the world by virtue of its mined grade of approximately 2.3 oz/t. Four main types of ore bodies have been recognized and include ferroan dolomite veins, arsenopyrite-quartz replacement zones, sulphide replacement bodies and quartz veins.
Current Status and Mineral Inventory: Past producer (1935 - 36) of 562 tons @ approx 0.5 oz/ton. A non NI 43-101 compliant, historic mineral resource of 36,496 tons @ 0.203 oz/ton has been reported.
Property History: The first recorded exploration took place in 1930. Trenching and some diamond drill took place over the next four years. In 1935, Red Crest Gold Mines Limited sunk a three compartment vertical shaft and installed a 5-ton mill. It also conducted limited underground lateral development and diamond drilling. It is presumed that the property remained relatively dormant until about 1981, when Northgate performed some surface mapping. In 1987, diamond drilling by Orofino Resources located narrow gold intersections over a strike length of 1,800 feet (549m), which extends 500 feet (152.5m) east and 300-400 feet (91.5- 122m) west of the shaft.
Property Geology and Mineralization: The property is underlain by east-west striking mafic volcanics, intruded by a small stock of quartz diorite. A zone of shearing dips 60-70° N adjacent to the south margin of the stock, and cuts the quartz diorite/volcanic rock contact at a small angle in and east-west direction. To the east, the shearing extends into the volcanic rocks whereas to the west it penetrates into the quartz diorite. This shear zone contains barren white quartz veins, auriferous banded blue-grey vein quartz and barren quartz-carbonate veins. Gold is associated with coarse grained pyrite that occurs in the blue quartz veins and in adjacent, shattered silicified wall rock. The largest amount of fracturing and highest gold concentrations occur where the shear zone intersects the quartz diorite/volcanic rock contact. The shear zone is reported to contain possible ore shoots totalling 206 m in length on surface and 14.6 m or more at the 575-foot level. Ore widths average about 1.5 m.
Future Exploration Plans: Detailed mapping, especially of structural features.
Rowan Lake Property
Location and Access: The Rowan Lake Property is situated in northwestern Ontario, 16 km west northwest of the town of Red Lake in Todd Township. The property is accessible by a series of paved, gravel and bush roads from Red Lake. It adjoins the Mount Jamie Property to the west.
Ownership: Hy Lake has an option to earn a 60% interest in the property, which consists of 117 contiguous staked, patented and leased claims and totals nearly 2,200 hectares.
Regional Geological Setting: The property is situated within the historic Red Lake gold camp at the western end of the Red Lake greenstone belt, a series of Archean-age supracrustal rocks that form part of the Uchi Subprovince of the Superior Province of the Canadian Shield. The Red Lake greenstone belt consists of mainly volcanic rocks with lesser clastic sediments and is bounded on all sides by large granitic batholiths. The volcanic rocks are dominated by two major groups: an older tholeiitic-komatiitic sequence and a younger calc-alkaline sequence. Five discrete, linear zones of high strain (deformation zones) have been identified and measure of the order of 1-3 km in width, 10’s km in strike length and are usually parallel or subparallel to the volcanic stratigraphy. Known occurrences of gold are found widely disseminated throughout the Red Lake greenstone belt, but over 95% of them occur within the komatiitic-tholeiitic sequence. More significant, however, is the fact that all the major deposits (past and present producers) are distributed within or immediately adjacent to deformation zones. Historically, the Red Lake gold camp has seen gold production from 28 different mines since 1929, of which only the Campbell and Red Lake Mines of Goldcorp are active at present (Note: The latter was formerly Dickenson’ s A.W. White Mine). Over 24 million troy ounces have been recovered in total within the camp. The Red Lake Mine currently has the distinction of being one of the lowest, if not the lowest, cost gold mines in the world by virtue of its mined grade of approximately 2.3 oz/t. Four main types of ore bodies have been recognized and include ferroan dolomite veins, arsenopyrite-quartz replacement zones, sulphide replacement bodies and quartz veins.
Current Status and Mineral Inventory: Past producer with a non NI 43-101 compliant mineral resource of 160,000 t (154,240 tons) @ 14.0 g/t (0.41 oz/ton) Au.
Property History: Gold was discovered in the Rowan Lake area in 1928 and the property has been explored sporadically since then, including diamond drilling, mapping, lithogeochemical surveys, airborne and ground magnetic and EM surveys, radiometric surveys and trenching. In 1937, an adit, a three compartment vertical shaft and limited lateral underground openings were developed to explore an auriferous quartz vein discovered earlier by surface mapping, trenching and diamond drilling. Between 1986 and 1988, 13,023 tons was milled at a grade of 0.1 oz/ton Au.
Property Geology and Mineralization: The western part of the property appears to be on the axis of an eastward-plunging anticlinal fold in a sequence of felsic to mafic volcanics. This fold is clearly outlined by the trace of interlayered bands of iron formation. The volcanics are intruded along a general east-west by irregular masses and dikes of quartz porphyry. The northern and northeastern parts of the property are underlain by felsic tuffs and other mafic volcanics intruded by quartz porphyry bodies.
East-west striking quartz veins occur along a regional shear structure and are massive and practically unfractured and contain only small amounts of sulphides and low values of gold. In contrast, N75oE to N80oE striking quartz veins are well fractured and contain appreciable amounts of pyrite and pyrrhotite with lesser amounts of sphalerite, chalcopyrite and galena but high gold values. The principal vein occurs in a narrow fracture zone up to 3 feet in width in volcanics and quartz porphyry along or close to contacts between these two rock types. The vein tends to pinch and swell along strike and is seldom greater than 16 inches in width. The fracture zone has been traced underground for up to 750 feet along strike and is characterized by silicification and carbonate and chlorite alteration. Historically, typical DDH intersections graded from 0.03 oz/ton (1.0 g/t) to 0.10 oz/ton (3.4 g/t) over 1 to 2 m (metres), with the odd higher grade intersection of up to 0.80 oz/ton (27.4 g/t) over 1.5 m.
Ownership: Hy Lake has an option to earn a 60% interest in the property, which consists of 117 contiguous staked, patented and leased claims and totals nearly 2,200 hectares.
Regional Geological Setting: The property is situated within the historic Red Lake gold camp at the western end of the Red Lake greenstone belt, a series of Archean-age supracrustal rocks that form part of the Uchi Subprovince of the Superior Province of the Canadian Shield. The Red Lake greenstone belt consists of mainly volcanic rocks with lesser clastic sediments and is bounded on all sides by large granitic batholiths. The volcanic rocks are dominated by two major groups: an older tholeiitic-komatiitic sequence and a younger calc-alkaline sequence. Five discrete, linear zones of high strain (deformation zones) have been identified and measure of the order of 1-3 km in width, 10’s km in strike length and are usually parallel or subparallel to the volcanic stratigraphy. Known occurrences of gold are found widely disseminated throughout the Red Lake greenstone belt, but over 95% of them occur within the komatiitic-tholeiitic sequence. More significant, however, is the fact that all the major deposits (past and present producers) are distributed within or immediately adjacent to deformation zones. Historically, the Red Lake gold camp has seen gold production from 28 different mines since 1929, of which only the Campbell and Red Lake Mines of Goldcorp are active at present (Note: The latter was formerly Dickenson’ s A.W. White Mine). Over 24 million troy ounces have been recovered in total within the camp. The Red Lake Mine currently has the distinction of being one of the lowest, if not the lowest, cost gold mines in the world by virtue of its mined grade of approximately 2.3 oz/t. Four main types of ore bodies have been recognized and include ferroan dolomite veins, arsenopyrite-quartz replacement zones, sulphide replacement bodies and quartz veins.
Current Status and Mineral Inventory: Past producer with a non NI 43-101 compliant mineral resource of 160,000 t (154,240 tons) @ 14.0 g/t (0.41 oz/ton) Au.
Property History: Gold was discovered in the Rowan Lake area in 1928 and the property has been explored sporadically since then, including diamond drilling, mapping, lithogeochemical surveys, airborne and ground magnetic and EM surveys, radiometric surveys and trenching. In 1937, an adit, a three compartment vertical shaft and limited lateral underground openings were developed to explore an auriferous quartz vein discovered earlier by surface mapping, trenching and diamond drilling. Between 1986 and 1988, 13,023 tons was milled at a grade of 0.1 oz/ton Au.
Property Geology and Mineralization: The western part of the property appears to be on the axis of an eastward-plunging anticlinal fold in a sequence of felsic to mafic volcanics. This fold is clearly outlined by the trace of interlayered bands of iron formation. The volcanics are intruded along a general east-west by irregular masses and dikes of quartz porphyry. The northern and northeastern parts of the property are underlain by felsic tuffs and other mafic volcanics intruded by quartz porphyry bodies.
East-west striking quartz veins occur along a regional shear structure and are massive and practically unfractured and contain only small amounts of sulphides and low values of gold. In contrast, N75oE to N80oE striking quartz veins are well fractured and contain appreciable amounts of pyrite and pyrrhotite with lesser amounts of sphalerite, chalcopyrite and galena but high gold values. The principal vein occurs in a narrow fracture zone up to 3 feet in width in volcanics and quartz porphyry along or close to contacts between these two rock types. The vein tends to pinch and swell along strike and is seldom greater than 16 inches in width. The fracture zone has been traced underground for up to 750 feet along strike and is characterized by silicification and carbonate and chlorite alteration. Historically, typical DDH intersections graded from 0.03 oz/ton (1.0 g/t) to 0.10 oz/ton (3.4 g/t) over 1 to 2 m (metres), with the odd higher grade intersection of up to 0.80 oz/ton (27.4 g/t) over 1.5 m.
