DD for new investors - part 1They just picked up this property recently, waiting for TSX to put stamp of approval on it and they can start working on it!!
Misehkow River Gold Property, Pickle Lake Gold Area, Ontario
Summary:
The Misehkow River Gold Property is located in the famed Pickle Lake gold region of Northwestern Ontario, Canada. This 48 square kilometre property covers 20 kilometres of iron formation and associated rocks which are favourable for gold mineralization in the Pickle Lake and Musselwhite gold mining camps where approximately 7 million ounces of gold has been produced.
The Misehkow Gold Property is located in the Uchi geological sub-Province, Superior Province of the Canadian Shield. In the Pickle Lake mining camp, located 55 km to the northwest, three mines have produced 2.5 million ounces of gold from very similar geological environments to that occurring at Misehkow. Also, Goldcorp’s operating Musselwhite Mine located about 200 km north of Pickle Lake has a similar geological environment to the Pickle Lake region and has production plus reserves totaling about 4.7 million ounces.
On the Misehkow Gold Property assay value intercepts of up to 12.4 grams per tonne gold over 0.71 metres (0.363 ounces/ton over 2.3 feet) and value/width intercepts of up to 3.84 grams per tonne over 6.4 metres (0.11 ounces/ton over 20.4 feet) have been noted in historical drill logs for the property. The gold target iron formation extends for about 20 kilometres across the Misehkow Gold Property. Iron formation-hosted gold mineralization is a very important exploration target for the Pickle Lake and Musselwhite mining camps. A three kilometre long significant rock alteration zone, which averages roughly 100 metres in width, is closely associated with the iron formation and gold mineralization on the property.
Jiminex has acquired a substantial strike length of under-explored iron formation and associated rocks considered to have a high potential for Pickle Lake and Mussewhite-style gold mineralized deposits. A VTEM airborne geophysical survey has been flown over the Misehkow Gold Property by Geotech Ltd. and results are pending. Jiminex plans line cutting, ground geological, geochemical and geophysical surveys to be followed by a diamond drill program in 2010.