70% (earn in) interest in 22,900 ha (229 km2) Savant property, which is road accessible, and located 240km northwest of Thunder Bay, Ontario.
Savant, Ontario
Highlights
- High grade gold mineralization over 10 x 10 km area
- Multiple untested high-grade targets
- Similar setting to Newmont’s Musselwhite Mine, Agnico Eagle’s Meadowbank and Amaruq mines
- Recent discovery of two new deformation zones:
- Wiggle Deformation Zone - with bedrock grab samples up to 68.6 g/t Au
- Snowbird/Shoal Deformation Zone - with bedroom grab samples up to 99.6 g/t Au
- LiDar data collected in June 2022 in process
Historical Savant Project Drill Program Highlights:
- High grade gold mineralization at surface and in historical diamond drilling occurs over 10 x 10 km area and is summarized in the table below and in Figure 1:
|
Showing |
Lithology |
Best Historical Surface Sample Assay (g/t Au) |
Best Historical Drillhole Intercept |
|
Horseshoe |
Iron Formation |
138.87 |
Never drilled |
|
Wiggle Creek |
Iron Formation |
20.131,2 |
15.55 g/t Au over 0.4m1 |
|
Iron Formation |
46.651,2 |
1.87 g/t Au over 0.6m1 |
|
One Pine |
Iron Formation |
40.87 |
23.6 g/t Au over 0.5m1 |
|
Snowbird |
Iron Formation |
38.8 |
Never drilled |
|
L28 |
Iron Formation |
32.35 |
Never drilled |
|
Stillar Bay |
Sheared Iron Formation |
4.011,2 |
3.26 g/t Au over 1.22m1 |
|
Big Sandy |
Sheared Volcanics |
3.64 |
Never drilled |
1 Historical assay values have not been independently verified by the Company and a potential investor should not place undue reliance on historical results when making an investment decision, nor should they be used as the sole criterion for making investment decisions. There is no assurance that the Company can reproduce such results or that the historical results described therein will be realized. 2 “Best surface samples” are grab / select samples and not necessarily representative of mineralization hosted on the property.