The Company is a Canadian mineral exploration company advancing its two high grade gold-silver-copper projects in Northwestern Ontario. The Drayton-Black Lake and the Contact Bay projects are located near Sioux Lookout in the underexplored Eagle-Wabigoon-Manitou Greenstone Belt. Both projects benefit from a wealth of historic data, excellent site access and logistical support from the local community. The Company is well capitalized, with a tight capital structure.
2023 Exploration Plans
The Company’s 2023 exploration program includes detailed mapping, channel sampling and 3D geologic block modeling in advance of planned and permitted phase one drilling at Alcona, Moretti and New Millennium:
- Alcona: Mineralized deformation corridor over 1km strike by 200m wide consisting of multiple discrete zones of deformed volcanic rocks and shear parallel quartz veins open in all directions
- Moretti: Mineralized deformation corridor over 2,500m of strike 500m wide consisting of discrete zones of deformed volcanic rocks and shear parallel quartz veins ranging from cm to meter scale; and
- New Millennium (Never Drilled) : At least three mineralized deformation corridors consisting of multiple discrete zones of deformed volcanic rocks and shear parallel quartz veins, rocks up to 2330g/t gold.
A 3D geologic and structural block model will help further refine the drill design and help in prioritizing the pipeline of precious and base metal projects for future follow-up exploration.