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 Sherridon
VMS Property
The
Sherridon VMS Property covers an area of
over 20,876 hectares and hosts the
past-producing Sherridon Mine that was
operated by
Sherritt Gordon Mines from 1933 to 1950
and produced 7.7 million tonnes of ore
with recovered grades of 2.46%
copper and
0.8% zinc.
Results from an airborne geophysical
survey completed in the summer of 2006
identified an additional 122 targets.
Over 25,000 m
of diamond drilling have been completed
since November 2006 and drilling
continues year-round. Two NI43-101
compliant
resource estimates - one for the
Sherridon Jungle Lake Zone
and one for the nearby
Cold, Lost and Bob Zones
have been filed on SEDAR
. The property
is located only 70 km northeast of the
mining and metallurgical complex in Flin
Flon operated by HudBay Minerals
Inc. Future development of the property
is facilitated by the presence of an
all-weather road and
railroad access as well as a
power line and communications tower.
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West
Red Lake Gold Property
The Halo-Goldcorp Joint Venture is
exploring 15 sq. km.
located 25 km west of the Red Lake mines
which have produced 25 million ounces of gold.
Relatively unexplored for 70 years, recent
field programs identified samples with up to 172 g/t
gold, 6% nickel and 2% cobalt coincident with
geophysical anomalies.
During October 2006, Halo commenced a
mapping, sampling and prospecting program
focused on the Middle
Bay-May Spiers area. Sampling of old
trenches successfully confirmed the
presence of significant gold, silver and
copper mineralization and the results of
a whole rock geochemistry program
confirms the favorability of the
underlying geology for the discovery of
these metals. For example, a sample
collected near the 9-44 “shaft” located
in the center of the Halo property
returned 81 g/t Au, 100 g/t Ag and 4.61%
Cu over a width of 0.7 m. |
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Duport Gold Property
The Duport Project is located on Stevens
Island in Shoal Lake, 45 km southwest of
Kenora, Ontario and
hosts a resource of 316,000 ounces of
gold, based on 3.8 km of underground
development and 81 km of core drilling. |
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