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The recovery of abundant gold grains from glacial till on the 100% owned KAM property in Nunavut has returned an anomalously high concentration of gold grains over an underexplored volcanic rock unit.
The Company considers the KAM gold results highly significant as they represent the largest anomalous concentration of gold in till within a 100 x 100 kilometre region. There is no record of previous gold exploration in the area and based on this till data and geology, KAM may represent a new gold district in Nunavut. Further, a high percentage of the gold grains recovered exhibit surface morphology showing low to moderate transport distances that indicate the gold source is nearby. A fault-bound contact immediately east of the anomaly is a target for detailed exploration.
Planning is underway for a gold exploration program at KAM. Work will include additional till sampling and detailed prospecting towards and along a regional structure in an attempt to locate bedrock gold sources for drill testing.
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