Exploration History and Local Geology
Early exploration work on the Property dates back to 1932 prospecting. At that time two significant quartz vein systems (the Cyril Knight and the Aguara Showings) trending east/west were discovered in the central and north central property area.
These veins were exposed on surface for lengths up to 245 m, with widths varying between 1 and 3 m. Gold assays from these veins were highly variable, with grades ranging from trace values up to 23 g/tonne gold (0.7 ounces per ton).
Between 1932 and 1982, little exploration work was carried out on the Property.
In 1982 Richmond staked claims covering the quartz vein showing areas and completed geophysical surveys, mapping, and trenching between 1983 and 1988. Results from this exploration work determined that the Aguara and Cyril Knight showing areas were coincident with magnetic and induced polarization anomalies of 3 to 4 times background levels.
- The Property is underlain by the Swayze volcanic complex or the Swayze-Deloro metavolcanic-metasedimentary belt.
- This complex is an east-west trending belt composed, from the margins inward of mafic metavolcanics succeeded by metasediments with several centres of felsic volcanism along its length.
- Dikes and sills of quartz-feldspar porphyry with occasional granitoid stocks are commonly found throughout the belt.
- Also common are mafic to ultramafic rocks intruding metasedimentary-metavolcanic sequences as diorite to gabbroic sills and as diabase dike sets.
Gold mineralization discovered through diamond drilling in the Aguara Zone is associated with a variety of geological features that include:
- Shear zone development producing permeable conditions favourable for hydrothermal circulation.
- Carbonatization of mafic volcanics possibly releasing gold into the system.
- Development of silicified, carbonatized, chloritized, mineralized fracture zones.
- Emplacement of the feldspar porphyry sill/dike and quartz carbonate vein stockworks creating a “heat engine” for hydrothermal re-concentration and wall rock mineralization.