The Bazooka property occupies seven kilometres of strike length along the prolific Abitibi Greenstone Belt on the Cadillac Larder Lake Break
– The Bazooka property is a 100% owned 1200ha land package in an excellent jurisdiction
+ Bazooka is contiguous to the western border of Yorbeau Resources’ Rouyn gold property that contains four known gold deposits
+ Bazooka is contiguous to the south-western border of Monarques Gold’s Wasamac gold property that contains 2,882,000 oz Au resources
– The Bazooka property hosts significant gold mineralization at the eastern border and is open on strike for seven kilometres to the west and at depth
– Kinross completed over 24,000 meters of drilling on the Rouyn property in 2017, with a significant amount of drilling completed within 300m of Opawica’s eastern border – the results indicate a potential continuation of the mineralized zone onto the Bazooka property
– IAMGOLD signed a definitive option agreement in December 2018 to acquire a 100% interest in the surrounding Rouyn project for C$4 million and required exploration expenditures of C$9 million over a four year period.
Historical exploration at the property shows attractive prospective geophysical signatures and high-grade drill results:
+ 77.18 g/t Au over 5.79m
+ 25.77g/tAu over 7.5m‘
+ 7.70 g/t Au over 20.5m
+ 7.86 g/t Au over 17m
In 1951-52, Eldona Gold Mines Ltd. sank a shaft to a depth of 125 metres and constructed 634 metres of drifts, successfully reaching the fold nose feature of the Cadillac Larder Lake Break.
Mineralized gold zones outlined below:
Underground Development Average Back Panel Samples Assay Table
Significant gold mineralization has been established on the Bazooka Property from near surface to approximately 250 metres vertical depth from past drilling as shown in the following table.
Select Drill Hole Composite Assay Table