Jackfish Lake – ‘JFK’

206 contiguous claim cells covering approx. 41 square kms on the Schreiber-Hemlo Greenstone Belt.

Geology

The Schreiber-Hemlo Greenstone Belt is one of Canada’s most prolific mining regions which includes the world-class Hemlo gold mine (80km east of Jackfish Lake). Other majors include Teck Resources, Newmont Mining and Generation Mining’s Marathon palladium/platinum/copper/gold project (50km east of Jackfish Lake).

The JFK property Straddles the contact zone of the Terrace Bay Batholith with mafic volcanic rocks which host several nearby mines and deposits including Northshore (1.2moz Au) (28km west), Gold Range, Ottise and Jeddar deposits.

In comparison to the western end of the Terrace Bay batholith, the eastern part has been underexplored. Prospecting, trenching and geophysical work has highlighted the structural complexity of this area, along with several zones of strongly gold-mineralised quartz veining within the altered margin of the Terrace Bay granodiorite and adjoining metavolcanics.

Mineralisation

The JFK property hosts two immediate areas of interest which are historically underexplored, presenting an opportunity for new discoveries:

The Jackfish Lake area contains multiple gold (+silver-lead-copper) occurrences in quartz veins/stockworks and altered granodiorite. 2021 exploration work over an area 1km x 800m confirmed widespread anomalous gold mineralisation. This includes three zones of shallow-dipping, altered quartz-carbonate veins and vein stockwork containing high-grade gold values along a probable NW shear zone over a distance of about 1.5km. These are North Zone (up to 39.8g/t Au, 2021), Hematite Zone (historic samples up to 4.3g/t Au) and Cliff Zone (up to 23.3g/t Au, 2021). The veins contain sulphides, dominantly pyrite, chalcopyrite and galena and are hosted within altered granodiorite.

The Kellyn area hosts several historic REE, gold/base metal workings and occurrences assaying up to 26.8g/t Au and 454g/t Ag. In addition to the bedrock mineralisation at Kellyn, detailed historic soil sampling has located a complex soil anomaly in an area of no exposure up to 500m north of the main bedrock with anomalous elements in soils including gold, silver, zinc, lead, mercury, molybdenum, antimony and tellurium, with a clear copper-gold association.

Next Steps – Jackfish Lake area