RE: RE: $0.05-80walesDon't forget that we also have Gordon Lake and this is why this is such a bargain. I think the Laird Lake/Boston area in the Red Lake district will be the big one but we also have these (non43-101) results too. This was taken from Boxxer Golds webste who Champlain have optioned the property from
https://www.boxxergold.com/properties/gordon_lake/
Lake: Project Highlights
- Situated approx. 110 km north of Yellowknife, NWT
- 17 zones of medium to high grade gold mineralization located within a 1 km strike length
- Gold mineralization hosted in two, wide, sericite-quartz-carbonate altered shear zones
- Approx. $2 M in exploration completed to date, including 59 mineralized diamond drill holes in four zones, which includes the following;
- 19.40 g/t over 7.40 metres
- 21.00 g/t over 7.20 metres
- 34.10 g/t over 4.80 metres
- 11.30 g/t over 6.45 metres
Historical estimation* 179,200 t @ 13.47 g/t Au (4.0 g/t Au cut-off) in two zones
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*The historical estimation was completed using the longitudinal sections of the mineralized zones and a polygonal block method. Polygons included all material to the midpoint between adjacent holes. Polygons occurring on the edge of the longitudinal sections and having no adjacent holes were extrapolated a maximum of 15 metres. The historical estimation was completed using a 15 metre search radius, a 2.70 tonnes/cubic metre density, and a 4.0 g/t cut-off over a minimum distance of 1.5 metres. This historical estimation does not conform to CIMM standards as set out in National instrument 43-101 and has not been verified or audited by an independent Qualified Person as that term is defined in National Instrument 43-101 and its companion policies. The Corporation is of the opinion that there has been insufficient exploration to define a mineral resource on the Property. The historical estimate is relevant but should not be relied upon. |
Signed Option Agreement with Champlain Resources whereby Champlain can earn a 55%
interest in the property by making $2M in exploration expenditures over a three year period,
plus other cash and share consideration (see news release dated September 15, 2010).
The historical estimate was completed for Pacific Trans-Ocean Resources Ltd. by M. Balog consulting geologist in 1989.