https://northcoreresources.com/properties/
LAC IRENE – MONSTER LAKE CHIBOUGAMAU
Northcore entered into a 100 interest purchase agreement with independent prospectors regarding 12 claims covering an area of approximately 670 hectares known as the Lac Irene property (“Lac Irene”) located in Chibougamau, Quebec.
The Lac Irene property, located 44 kilometres southwest of the town of Chibougamau in Northern Quebec, is located in the South-East Fancamp formation corridors and borders contiguously TomaGold’s Monster Lake property. The property is easily accessible by road and has a major power line nearby.
The Monster Lake area is actively being explored by TomaGold, which recently discovered many gold showings. In a recent press release dated April 11, 2012, TomaGold reported discovering a high-grade intersection at its Monster Lake project of 237.6g/t over 5.7 meterswhere more than 60 flecks of visible gold could be seen in the core. The hole was drilled in the northeastern extension of the Annie zone, along the Monster Lake gold-bearing corridor, which has already been traced over a distance of more than four kilometres by drilling. This hole was just North of our Northern boundary with Monster Lake.
This Monster Lake area also contains some important gold deposits such as the Joe Mann mine and the Chevrier and Philibert deposits.
This acquisition is part of the Company's corporate strategy to consolidate its landholdings near its joint-venture owned Little Monster property. We are very excited in being able to acquire such a property next to an important discovery and we are convinced that this area will become a privileged area for gold project exploration and development. Many gold showings and gold deposits are known in the area.
LITTLE MONSTER – CHIBOUGAMAU
Northcore entered into a 50% interest purchase and joint venture agreement with Vanstar Mining Resources Inc. (TSXV: VSR) regarding 20 cells covering an area of 1,100 hectares comprising the Little Monster property (“Little Monster”) located in Chibougamau, Quebec.
The Little Monster property is contiguous to TomaGold Corporation (TSXV: LOT) Monster Lake property. The Monster Lake area is actively being explored by TomaGold, which recently discovered many gold showings. In a recent press release dated April 11, 2012, TomaGold reported discovering a high-grade intersection at its Monster Lake projectof 237.6g/t over 5.7 meters where more than 60 flecks of visible gold could be seen in the core. The hole was drilled in the northeastern extension of the Annie zone, along the Monster Lake gold-bearing corridor, which has already been traced over a distance of more than four kilometres by drilling. This hole was just North of our Northern boundary with Monster Lake.
This Monster Lake area also contains some important gold deposits such as the Joe Mann mine and the Chevrier and Philibert deposits.
Northcore has negotiated a right of first refusal to acquire Vanstar’s 50% interest.