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The Mallery Lake gold prospect is located ~120 km northwest of Baker Lake in Nunavut. The property hosts two known gold bearing structures one of which, the Mallery Stockwork, yields gold values as high as 24.62 g/t and has never been drilled. In addition, proprietary till data suggests the gold mineralization in the area is more widespread than historical data exhibits.
The Mallery Stockwork structure is reported to be 125 metres to more than 250 metres wide and is exposed for approximately 450 metres along strike. The Stockwork consists of numerous quartz veins as large as 20 metres wide within Proterozoic aged volcanic rocks of rhyolite composition. Historically, the only other known gold bearing structure is the T-Rex zone which is located 4.5 kilometres north of the Mallery Stockwork. The T-Rex zone is reported to contain numerous quartz veins up to 50 metres wide extending for 1 kilometre. The highest gold assay reported to date at T-Rex is 0.44 g/t. An abundance of angular gold grains recovered from till samples collected by the Company up ice of the Mallery and T-Rex zones indicate potential for numerous other undiscovered gold bearing structures on the property.
The Mallery Lake Gold prospect was discovered by Phelps Dodge in 1996 with an initial discovery sample of 1 g/t over 10 metres. Subsequently, Phelps Dodge merged with Freeport McMoran and their original mineral claims were allowed to lapse. Other significant historical gold assay values include grab samples ranging from approximately 2 to 5 g/t and several chip samples over 0.3 to 5 metre intervals ranging from approximately 2.2 to 14 g/t and as high as 24.62 g/t.
Gold Grain Prospecting
The tracking of gold grains recovered from till samples is a proven regional exploration tool for discovering gold deposits. The grains are recovered and classified by their surface morphology to determine distance travelled from source. As grains are transported with increased distance their form alters from pristine to modified and finally re-shaped. Pristine grains have moved the least distance from source and maintain their natural angular form. The discoveries of gold deposits at Waddy Lake, Rainy River and around Casa Berardi are credited to this method.
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