GREY:MPRXF - Post by User
Comment by
thehammer2on Apr 28, 2015 6:53pm
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Post# 23673881
RE:Headway Bust
RE:Headway Bust One could only wonder?
"Mega Precious Metals closed its acquisition of the Headway property in Red Lake, Ontario, November 29, 2012.
The Headway property is located adjacent to Hwy 105, between the towns of Red Lake and Balmertown, Ontario, 2 km southwest of the High Grade Zone, in the shadow of Goldcorp’s Red Lake Gold Mines Headframes. The property consists of six (6) patented claims and one (1) unpatented claim units totaling approximately 320 acres. The property appears to have all of the essential geological elements including a well-developed intersection pattern of stratigraphic, shear / deformation zones that are associated with the high grade gold system on the adjacent mine properties. The Bonanza Replacement High Grade Zone is postulated to be hosted in Balmer age rocks occurring below the unconformity with the Confederation age rocks at 1,500 to 2500 metres deep."
TH