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| KRK WEST PROSPECT |
KRK West Prospect, Beardmore, Ontario
Highlights
- Property location is the area of major discoveries, including the Hercules Discovery and the Leitch Mine
- Sampling shows gold occurrences identified by previous prospecting of 9.55 ounces of gold per ton and 15.5% copper in separate grab samples
- Airborne magnetic survey in 2008 has outlined areas of interest
Location and Access
- Pifher, Sandra, and Meader townships within the Beardmore area of Northwestern Ontario
- In close proximity to Kodiak Exploration’s Hercules Discovery
- Access via Hwy 11 through the Village of Beardmore to Hwy 801.
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Geology
Gold mineralization is associated with quartz and quartz-carbonate veins that occur as shear-parallel veins, gold also occurs associated with pyrite stringers and quartz-microveins within the shear.
Regional Geology
The Beardmore-Geraldton Gold Belt has historically produced over 4.1 million ounces of gold, making it one of the world’s richest gold camps. Beardmore-Geraldton area lies at the southern boundary of the east-trending, isoclinally folded metavolcanic-metasedimentary sequence of the Wabigoon Subprovince. Gold occurrences have been found within three sub-belts: the Southern Mafic Volcanic; the Southern Metasedimentary Belt, and the Northern Felsic Belt. Gold production to date has been restricted to quartz veins within the metavolcanics at or near contacts with felsic intrusives.
KRK West Geology
The property is located within the Northern Felsic Metavolcanic Belt. Intermediate crystal-lithic tuff is the dominant rock type and underlies most of the property. These tuffs consist of intermixed units of crystal tuffs containing feldspar crystals and lithic tuffs containing fragments of felsic to intermediate composition. Felsic crystal tuffs are easily identified by the presence of quartz-eyes within a light gray crystal tuff. The rock weathers to a very distinctive porcellaneous buff-white color. The felsic crystal tuff forms two prominent east-west trending horizons within the intermediate crystal-lithic tuff in the southern half of the western portion of the property and can be traced to the western boundary. The felsic horizons vary in width from 25 to 120 metres, and can be traced for a length of 2.8 kilometres.
Mineralization
Gold occurs on the property associated with white quartz veins and pyritic horizons within felsic crystal tuffs and quartz-feldspar porphyry. Earlier exploration identified quartz veins and mineralized shear zones within felsic and mafic intrusions. Base and precious metals are found all over the property. The KRK West property encompasses many previous well known prospects and occurrences, that since 1930 have been the subject of many prospecting, geophysics, and diamond drilling as well as high grading conducted by operators dating back between 1930-1950, where copper and gold mineralization was identified.
Size
Approximately 15 square miles.
Ownership
50% Source Gold Corp. 50% Thunder Bay Minerals.
History
The Beardmore-Geraldton Gold Belt has historically produced over 4.1 million ounces of gold. Exploration work on the property dates back to the 1930's and consisted of mainly prospecting, ground geophysical surveying and trenching.
The current owners carried out trenching, channel sampling and geological mapping in September and October 2009 and in 2008 an airborne TEM survey covering most of the claim area along with previous prospecting in which grab samples of 9.55 ounces of gold per ton and 15.5% copper in separate grab samples. The airborne survey will assist the future exploration for base and precious metals and will assist us to better understand the distribution of the occurrences and controls on mineralization.
Exploration Strategy
The initial exploration will see the entire land mass be geologically mapped with extensive sampling of known mineralized areas. The crew will sample, bag and process portions of the sampling for eventual processing. The Company plans to commence an aggressive exploration program, centered on the several major fault lines which traverse the mineral claims. An initial trenching and sampling program has uncovered a number of highly mineralized areas of interest.
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