Commodities: Silver, Lead
Location: Sault Ste. Marie , Ontario
Status: Advanced Exploration, Historic Resource
Next Steps: Follow up of Aster Survey recommendations and update NI Reports
The Company purchased a 100 percent interest in 13 single cell mining claims in the Vankoughnet Township of Sault Ste. Marie Mining District in Ontario, comprising the Sill Lake Project covering 372.8 ha.The purchase of the Sill Lake Lead-Silver claims is in keeping with the company’s strategy of acquiring advanced properties with long term potential. Sill Lake is an excellent project to generate shareholder value in the short term through exploration and resource development.
The Sill Lake Lead-silver mineralization was discovered at Sill Lake in 1892, when a 30m adit was driven to a 17m internal shaft, with approximately 40m of lateral development to exploit a lead-silver vein. This was later defined by other explorers including some 3750m of diamond drilling along a defined steeply dipping mineralized trend some 850m in length, with mineralized widths varying between 1.5m and 4.5m. The Project has seen two distinct periods of underground development and production and it was estimated that 7,000 tonnes of ore containing lead and silver were mined. In 2010, a historical NI 43-101 Technical Report gave a measured and indicated mineral resource of 112,751 tonnes at 134 g/t silver; 0.62 percent lead, and 0.21 percent zinc. The historic resource estimate used a silver cutoff grade of 60 g/t; but no cutoff grade for the base metal content was used.
Claim Map with Geology, Drilling and Occurrences:
Target Areas on the Sill Lake Claims for Precious Metals, From Aster Survey:
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