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The Canadian Mining Newsletter
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BTW we raised that flow through cash for drilling last week. Nyah nyah
nyah yah...
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The Canadian Mining Newsletter
Oct 18 1997
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Volcanigenic Massive Sulphide Mines of Canada +1,000,000 tons
Grade figures
Ag is silver. Au is gold. They are in grams per ton or PPM
Cu is copper. Zn is zinc. Pb is lead. They are in %
Deposit Location Tonnes Cu Zn Pb Ag Au
X 1 mill. g/T g/T
~South Bay Nw. Ont. 1.569 1.6 11.0 0 82.3 0
*Mattabi Ont. 13.805 0.74 8.28 0.85 113.0 0.24
*Sturgeon Lk. Nw. Ont. 2.51 2.55 9.17 1.21 179.0 0.65
*Lyon Lake Nw. Ont. 3.579 1.24 6.53 0.63 117.0 0.34
~Marshall Lk. Nw. Ont. 1.996 1.2 4.2 0 84.0 0.4
~Winston Lk. Nw. Ont. 3.076 1.0 15.6 0 30.2
~Pick Lake Ont. 1.6 1.1 17.7 0 56.0 0.33
Geco Nw. Ont. 53.18 1.82 3.64 0 53.8 ?
Willechco Nw. Ont. 3.8 0.54 3.92 0 65.8 0
~Willroy Ont. 4.525 1.18 5.64 0 57.6 0
Cons Shunsby Ont. 1.839 0.82 1.16 0 0 0
Kendon Ont. 2.243 1.24 4.26 0 84 0.79
~Kidd Creek. Ont. 143.22 2.66 6.47 0.2 77 0
Kam Kotia Ont. 5.987 1.12 1.22 0 3.1 0.14
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Average Ont. 17.56 1.34 7.056 .206 67.51 0.206
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Without Kidd and Geco 4.15 1.19 7.39 - 66.86 -
Avg., discounting types
barren of a metal 0.722 0.412
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Deposit Location Tonnes Cu Zn Pb Ag Au
X 1 mill. g/T g/T
Sunrise NWT 1.866 0 8.88 4.22 404 0.96
*Izok Lake NWT 16.5 2.2 11.4 1.1 60 0
Hood River NWT 3.8 2.6 3.8 0 25 0
*Gondor NWT 7.3 0.2 4.8 0.4 50 0
Deb NWT 1.014 0.83 2.96 0 22 0
*Hacket River NWT 4.5 0.25 8.5 1.4 240 1.71
*Cleaver NWT 3.6 0.46 7.07 1.04 183 0.48
Clvr Lo Grd. NWT 3.6 0.48 1.08 0.84 33.3 0
High Lake Ab NWT 2.177 5.4 1.1 0 0 1.13
High Lake D NWT 2.54 2.0 3.6 0.2 41.6 0.75
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Average NWT 4.689 1.442 5.319 0.92 105.9 0.503
Avg., discounting
types barren of a
metal 1.602 1.314 117.65 1.006
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Cross Lake Hole 16 one hole 0.16 6.71 1.86 215.44 0.055
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Cross Lake high grade one hole 0.69 18.24 9.28 911.0 0.183
20 feet
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* Mines similar in grade and distribution of metal to the Cross
Lake discovery.
~ some similarities in distribution to Cross Lake with some metal
absence.
Note a tonne or a metric ton is about 2204 avoirdupois pounds.
To convert grams per metric tonne or Parts per million to troy
ounces per short ton of 2000 pounds, just multiply by .029167.
A Troy ounce is 31.1029 grams and there are 29,167 of them in
short ton. For easy calcs just divide grams by 3 then by 10 to
get ounces very roughly.
To convert tonnes to short tons, multiply by 1.102 or add 10%
roughly. connect.ab.ca
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I would say Cross Lake is not "typed" yet. It is high in lead and
so far low in copper and gold. This is not fair to the deposit as
copper is usually zoned and averages are not showing up yet. And
this is evident in higher copper and golds in hole 16 and 17 where
copper was more massive. It is more similar to the NWT deposits or
perhaps Sturgeon Lake in Ontario than the typical type. It is very
close to some Granite bodies and perhaps got extensively reworked,
sheared and remobilized giving it funny characteristics. First find
the ore then make a theory. To find 3 million tons with present
widths he must find 800 feet long of a body dipping downwards or
plunging for 350 feet. He could outline this with about 40 holes.
This should take about 3 months with 2 drills. The deposit could
well be larger than this. Its width indicates its tonnage should
be larger than 1 million tons. How much larger we will have to wait
and see.
We note that the anomaly associated with the deposit is 1.8
kilometres long. It could not all be ore. If it were I would sell
everything I owned to buy stock. GKR has had some drilling success
with the adjacent deposit which is a continuation of this one. It
(GKR) is by no means homogeneous and has some extremely high golds
in places.. 4 grams over 45 feet. So far the GKR deposit does not
excite as a base metal find. But these things take a fair amount
of work to discount.
echarter@vianet.on.ca connect.ab.ca
GKR is Golden Knight Resources GKR/VSE. They have just recently
taken a PP with Cross Lake and made a financing agreement with the
junior, Cross Lake, CRN/VSE.
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