Gold Rock Project Image

Gold Rock Project

Brownfield Opportunity in the Kenora Mining District of Ontario, Canada

  • Brownfield opportunity within the Gold Rock Camp​
    • Majority of historic drilling focused on Gold Rock Camp​
    • Historic high-grade intercepts on two gold systems ​
    • 75% of all historic mining occurred in Gold Rock Camp​
  • Potential for large gold system footprint ​
    • 20 km strike on MDdz structure in Gold Rock Camp​
    • 1.5 km gold system strike confirmed with new drilling​
    • Plans to test up to 3 km strike of gold system​
  • Repeating intersecting East-West Splay structures​
    • Fault intersections are great traps for high-grade gold mineralization ​
    • Fault intersections correspond to historic gold mines and known gold occurrences throughout the Gold Rock Camp​​
  • Regional folding similar to Red Lake Mine
  • Fold hinges are great traps for high-grade gold​
  • Nuggety free-gold with excellent metallurgy


Gold Rock Camp Drill Intercept Highlights

Kenwest Patents:

  • 3,497.0 g/t Au over 8.5m
  • 15.4 g/t Au over 6.1m

502 Vein:

  • 12.7 g/t over 4.0m

Canamerica:

  • 12.6 g/t Au over 4.0m

On either side of the fault, country rock has been strongly sheared over distances of up to 400 m from the fault. This northwestern limb of the MDdz is 25 km long and 2 to 5 km in width and hosts the majority of the known gold occurrences.


Upcoming Drill Program Objectives (Q4 2024-Q1 2025)

  1. Expand on the high-grade shoot on the Elora Gold System.
  2. Expand the high-grade shoots on the Big Master Gold System.
  3. Test new targets along strike and at depth on Elora and Big Master.

*Geology team is currently completing an Exploration Permit for Elora expansion drilling in 2025.


Fall 2024 Drill Program (Phases 1-5)

Expand on Elora Gold System:

  • Elora Vein hosted high-grade Laurentian Gold Mine with average grade of 14 g/t gold
  • Geology team is working on the Exploration Permit for follow up drilling on this target
Fall Drill Program Elora
Fall Drill Program Elora 2

Summer 2024 Drill Program

Expand on New High-Grade Shoots BM1, BM2 and Elora:

  • Follow up down plunge extension on Elora high-grade shoot
  • Follow up on the newly intersected high-grade shoot on BM1 (3 holes)
  • Expand the historically defined high-grade shoot with only three historic drill holes
  • Test continuity between the two historically defined high-grade shoots
New Shoot Cartoon
Nw Summer Program

What We’ve Learned (from Phases 1-4)

Cross Section Looking South
  • Gold Rock is a robust gold system with a large footprint and near-surface, high-grade gold
  • Sheared basalts are carrying high-grade mineralization like Red Lake Mine
  • Dryden Gold intercepted significant hanging wall and footwall structures
  • Previous operator did not assay hanging wall/footwall mineralization
  • Mineralization is controlled by cross-cutting structures and felsic dykes

Phase 1 & 2 Drill Program

  • Successfully interested new high-grade shoot on BM1​
  • KW-23-009A intersecting 26.11 g/t gold over 3.16 m, including 79.80 g/t gold over 0.33 m​
  • Confirmed 1.5 km strike length on the Big Master gold system – open in all directions​
    • Significant step-out to the northeast of 450 m KW-23-004 returning 3.40 g/t gold over 1.60 m ​
    • KW-23-010 intersecting 3.70 g/t gold over 6.00 m, including 10.60 g/t gold over 0.4 m ​
  • Confirmed orientation and expanded historically delineated high-grade shoot ​
    • KW-23-016 which intersected 3.81 g/t gold over 7.00 m, including 71.00 g/t gold over 0.30 m
    • KW-23-018 intersecting 6.66 g/t gold over 4.30 m, including 44.80 g/t gold over 0.27 m
Cross Structures
  • Several holes were focused on testing the controls on high-grade shoot orientation caused by intersection of structures (lineation) and fold hinge orientation.
  • Previous drilling indicated the potential for these new high-grade shoots, but the continuity and orientation of the potential shoots had not been previously tested.

3 New High-Grade Shoots Identified

  • KW-23-009A returned 26.11 g/t gold over 3.16 m, including 79.80 g/t gold over 0.33 m BM1
  • KW-23-010 intersected 3.70 g/t gold over 6.0 m including 10.60 g/t gold over 0.40 m BM2
  • KW-23-016 returned 3.81 g/t gold over 7.00 m, including 71.00 g/t gold over 0.30 m
Cross Section Looking W N


Phase 3 Drill Program

The program can be defined with three specific objectives:

  1. Evaluate high-grade controls on the Elora system
  2. Complete extensional holes from the known mineralization
  3. Test larger step-out holes along strike of the Elora gold system

Highlights include:

  • KW-24-008 intercepted 14.10 g/t gold over 7.54 meters, including 43.81 g/t gold over 1.42 meters and 92.10 g/t gold over 0.30 meters.
  • KW-24-003 intercepted 53.51 g/t gold over 1.05 meters, including 181.00 g/t gold over 0.30 meters.
  • For a video summary of drill results, please click here.

Phase 4 Drill Program

Highlights include:

  • KW-24-013 assays 0.74 g/t gold over 10.50 meters


Phase 5 Drill Program

Highlights include:

  • Hole KW-24-017 intercepted 30.72 g/t gold over 5.70 meters, including its highest-ever intercept of 313.00 g/t over 0.55 meters (Table 1).
  • Hole KW-24-024 intercepted 8.93 g/t gold over 12.45 meters, including 32.96 g/t gold over 2.73 meters at Elora. in addition, this hole intercepted a hanging wall structure that returned 1.67 g/t gold over 2.75 meters, including 8.41 g/t gold over 0.43 meters.
  • Phase 5 drilling has been completed. Remaining drill results are expected in the coming weeks.  This phase consisted of nine holes totaling 1,598 meters focused on the depth expansion at Elora and Big Master 1 gold systems and infill drilling at Big Master 2
  • Video summaries of our released drill holes can be found here.
Table
Table 1

Elora Gold Structure:

  • Four holes have been completed to test the extension of the Elora gold system along the high-grade plunge.
  • Hole KW-24-008 reported earlier this year returned multiple intercepts of both quartz veining and sulphide mineralization returning 14.10 g/t gold over 7.54 meters including 43.81 g/t gold over 1.42 meters and 92.10 g/t gold over 0.30 meters.
  • Hole KW-24-017 reported here, intersected mineralization 30 meters deeper and 45 meters along strike of hole KW-24-008 (Figure 1). 
  • The zone intersected in hole KW-24-017 is located at 220 meters true depth and consisted of pyrite mineralization and quartz veins within sheared volcanics. Adjacent to the mineralization zone a felsic dyke was observed which is hypothesized to be a correlated to the gold bearing event and was observed in the majority of the high-grade holes in the Gold Rock Camp. 
  • Two additional holes (KW-24-024 and KW-24-025) were drilled as part of the Phase 5 program focused on the plunge extension of hole KW-24-017 with assays pending
Picture1
Figure 1: Elora Target Contoured Long section
Picture2
Figure 2 – Plan map of Gold Rock Camp with mineralized structures.

Geophysics

Geophysical Interpretation & Targets

  • The geophysical interpretation highlighted many anomalies over known mineralization and over unexplored areas
  • 3D geological model shows multiple East-West splay structures occurring around historic gold mines & occurrences in the Gold Rock Camp
  • Geophysical anomalies occur over known mineralized zones
  • Geophysical targets indicated potential for 20km strike along the MDdz in the Gold Rock Camp

Bulk Sample Highlights

Excellent Bulk Sample Results & Metallurgy

  • Single gravity separation recovered 88.6%
  • Bulk cyanidation test recovered 99.4% for the composite
  • A total of 17 chip samples, over 13.6 linear meters yielded a length weighted average grade of 40.2 g/t gold
  • Individual chip samples ranged from 0.05 to 1,070 g/t gold drill cuttings samples over a 30-metre section of the vein yielded an average grade of 5.4 g/t gold.
  • Individual drill cuttings yielded grades ranging from 0.02 to 65.1 g/t gold

Gold Concentration in “Crackseal” Fractures

Gold is concentrated in the “crackseal” fractures and in selvedges along the quartz vein margins. Calcite filled fractures within quartz veins also carry gold. Narrow gold-bearing semi-massive sulphide filled fractures within fissile zones also contain significant gold values. Pervasive ferroan carbonate alteration, disseminated sulphides, and very small barren quartz veinlets characterize the fissile zones.

Sulphides are predominantly pyrite, with variable amounts of chalcopyrite. The gold tenor appears to be related to the quantity of pyrite present in the wall rock and in veins.

Geology Gold Rock Camp
Area 1

Geology Gold Rock Camp
Area 2

Gold Rock Camp
Current Drilling

Contour Long Section Big Master Two

Elora Target Contoured Long section

New High Grade Shoots Cartoon

Plan Map of Gold Rock Camp with Mineralized Structures

Geophysical Interpretation & Targets

Visible Vein Where Bulk Samples Were Taken

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