Location: 20km east of Flin Flon, Manitoba, 63K13
Commodity: Gold and Cu-Zn-Ag-Au
Alberts Gold Deposit
Alberts: 14 claims totaling 1,291 ha. Sufficient credits to hold
Mike: 1 claim totaling 65 ha. Sufficient credits to hold
Total: 15 claims totaling 1,356 ha
GENERAL: 100 % Copper Reef Mining Corporation
MIKE: Cameco Corp is entitled to a 15% NPI
From the city of Flin Flon taking the # 10 Provincial Highway south, distance about 15 km, then turn left on North Star Road and continue until the southern tip of Flintoba Lake is reached via Flintoba River. Make a left turn before the Flintoba River Bridge to a drill road going north, see figure 2.
The Alberts Lake property is located in the central portion of the Flin Flon Greenstone Belt. The property belongs to the large Alberts Claim Group owned by Copper Reef Mining Corporation. Regionally, the property occupies the center portion of the Sourdough Bay fault block consisting primarily of felsic volcanic rocks with some minor gabbro intrusions. The gold deposit itself is hosted in medium-grained gabbro along the northeast trending Alberts Lake shear zone.
The 2011 exploration project at Alberts Lake Gold Deposit comprises of twinning four of the highest gold intercepted drillholes resulted from the 1985-1986 Granges Exploration drilling. During this program a HQ Diameter of the core was used instead of BQ size core used in 1985-1986 drilling program to see if core size made a difference in grades. It did not except in the veins.
Copper Reef Mining Corporation drilled four twin holes: Al-40, Al-57, Al-61, and AL-72 (see drillhole plan map enclosed).The results from the twin holes were quite encouraging. In addition, two infill drillholes were drilled in the east part of the deposit. Assaying was primarily done over 0.5m intervals across the entire shear zone and analyzed for Au and Ag.
Twelve drill holes were completed in the Wally Zone, a narrow (2 metre wide), but high grade parallel structure to north and east of the Alberts Lake Zone. The Albert's Lake Gold Deposit digital database has been completed, consisting of: the entry of 113 holes for drill hole collars (local grid), down hole surveys, geology, over 5,150 assays, Cross sections have been completed at 25m spacing over a strike length of 500m.
The Albert's Lake Gold Project is part of the Albert's Lake claim group. The gold project consists of a steeply dipping shear zone comprised of quartz-carbonate-chlorite sericite schists and quartz veins, striking N35E with an average horizontal width of 40m. The shear zone is sandwiched between a footwall diorite and hanging wall felsic volcanic rocks. Sulphide content from the logs appears low, with 1-5% pyrite, minor chalcopyrite and minor arsenopyrite.
The gold zone was drilled with 53 holes by Granges Exploration in 1985 and 1986 over a strike length of almost 500m and to a depth of 350m vertical. Assaying was primarily done over 0.5m intervals across the entire shear zone and analyzed for Au and Ag.
The Albert's Lake Gold Project digital database has been completed consisting of the entry of 53 holes for drill hole collars (local grid), down hole surveys, geology and over 5,150 assays. Cross sections have been completed at 25m spacing over a strike length of 500m. Compositing of lower grade Au and Ag values were completed to study the potential of a low grade bulk mining scenario. A long section of the main zone with Au g/t composites multiplied by the interval length in meters was also made to evaluate possible trends in mineralizing controls. The following observations were made:
Based on the above criteria, there would be approximately 2.7mt of ore at an average grade of 1.4 g/t Au equivalent grade for approximately 120,000 ounces.
The Albert's Lake Gold Deposit digital database has been completed, consisting of:
Cross sections have been completed at 25m spacing over a strike length of 500m.
Potential exists in the footwall of felsic volcanic rocks, as very few holes were drilled for any meaningful distance into the footwall and there my be parallel zones.
1940's: Trenching on Wally and Alberts Lake gold zones.
1948: 9 drill holes targeted on Gwynne gold zone by Cominco.
1980's: Ground magnetic and VLF surveys, soil and humus sampling, mapping and overburden drilling.
1986: Granges drilled 7 holes on the Gwynne gold zone, two holes on the Wally gold zone, and two holes on the Cell Lake gold zone. Late 1980's: 76 drill holes targeted on the Alberts Lake gold deposit by Granges.
1995: Two holes drilled on Alberts Lake shear zone north of Alberts Lake gold zone (Granges). Acquisition by Aur Resources Inc. of 100% interest in the Alberts Lake property from Granges Inc.
1998: Gold exploration program on the Alberts Lake Property that consisted of (i) field examination and rock sampling of the Wall, Alberts Lake, and Gwynne gold zones, (ii) a test soil geochemical traverse over the Alberts Lake gold zone, and (iii) compilation of existing data.
Lion Zone (Lew Property): Geological resources of 58,500 tonnes at 22.28 g/t Au (38,600 oz Au). Deposit still open.
21 Au occurrence (Lew Property: 1.17 g/t Au over 3.8 metres from quartz veined Baker Patton rhyolite in LW-21.
Alberts Lake Deposit (Alberts Property): Values up to 125 g/t were noted. The best intersection was 10.89 g/t Au over 9.0 metres at 225 metres vertical depth. Approximately 60 holes have been drilled into the zone. It has been tested over a 500 metres strike length, and to a depth of 400 metres. Estimated reserves of 400,000 tonnes at 7.3 g/t Au seem high.
Wally Occurrence (Alberts Property): 100 tonnes at 16 g/t Au removed. Trenches samples returned 11.24 g/t Au and 54 g/t Ag over 1.2 metres. A grab sample of mineralized rubble from the same trench returned 37.24 g/t Au and 61 g/t Ag. Two Granges drill holes which tested the vein obtained shallow (< 18 metres vertical) intersections of 5.32 g/t Au over 0.5 metres (AL-75) and 3.00 g/t Au over ¼ metres (AL-77).
Lew Zone (Lew Property): High grade Au mineralization occurs (up to 137 g/t over 0.9 metres -- V.G. noted in log) in several thin sections, but they appear to be discontinuous pods.
Gwynne Zone (Alberts Property): Surface samples from the shear yield high grade gold values (3.54 g/t Au up to 124.1 g/t Au). Values up to 3.0 metres at 10.39 g/t Au, 18.0 g/t Ag were yielded from drilling. A long section of the zone shows the mineralization has a shallow plunge to the southeast.
Cell Lake Zone (Alberts Property): The zone has a local strike length of 30.5 metres. Values between 1/5 g/t Au and 44 g/t Au have been reported. Two holes were drilled to test the zone, but it appears they were spotted too far north and too far back to intersect the quartz veins.
Proposed Work 2014