Pic River Property - Sold
Location
Located in the Hemlo Greenstone Belt, Wawa Suprovince. This property is on trend to Hemlo Mines.
Why is it exciting
Hemlo Mines (+25 Moz Au) is intimately associated with barite and molydenum. This property is down dip of massive barite containing gold and molydenum.
Depth of Helmo Mines and this Property
90% of Hemlo's 25 Moz gold is below 500 m depth. This depth would be present on this property since it is the down dip extension of these barite beds. This is an analogous situation to Hemlo Mines. This is the only other area in the district that has these similar characteristics to the current Mine.
Possible Work Program
Soil-Gas Survey to define oxidation at depth, since there is significant overburden (50m) concealing outcrop, which prevented possible discovery.
Gravimetrics. To identify barite hosted gold, as seen at Hemlo (+25 Moz)
Apical Exploration can help with this work or be contracted out for this study if an option partner is obtained.
Status
This Property is still available for option.