Golden Chalice Resources Inc.

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Northland Mine Property

Location: 15 km east of Kirkland Lake, and 15 km west of Larder Lake, Ontario
Size: 113 ha (4 claims, 3 leased claims)
Target Minerals: Gold


Highlights
  • Historical exploration on the Property not conducted below a 350 m vertical depth, while mining at the adjacent former Upper Canada Mine was conducted to a depth of 1.8 km.

  • Property hosts a gold zone in a shear along a syenite porphyry-sediment contact with a reported gold grades up to 0.21 ozs gold per ton.

  • Property within the Kirkland Lake-larder Lake Gold camp (37 million ounces of gold), one of the most prolific gold camps in North America.
Regional Exploration and Production

The Kirkland Lake-Larder Lake Gold Camp is located in the south central portion of the Abitibi greenstone belt and extends east-west along the Larder Lake Break for 50 km, a regional gold structure. The Camp is defined by a five-kilometer corridor around the Larder Lake Break. The Northland Mine Property is located within this corridor, 4.5 km north of the Larder Lake break. A major characteristic of the gold bearing structures in the Camp is their lateral and vertical extent. At the Macassa Mine of Kirkland Lake Gold, operations extended to a depth of 2.2 km and at the former Upper Canada Mine ore was mined to a depth of 1.8 km. The major ore type in the Kirkland Lake-Larder Lake Gold camp is a "break/vein/breccia type" associated to fault and shear zones in Timiskaming sedimentary rocks.

Other Local Exploration

The property is situated in the Kirkland Lake-Larder Lake mining camp which has produced over 37 million ounces of gold. Just north of Upper Canada Mine that produced approximately 1.5 million ounces of gold, from 1938 to 1971. It has a historical non 43-101 compliant resource of 1,899,973 t @ 6.9 g/t gold. South of the property, Queenston Mining Inc. owns three former gold mines (Upper Canada, McBean and Anoki) that have produced 1.6 million ounces of gold.

Property Geology

The Property is dominated by a syenite intrusive plug that crudely articulates a fold closure. Regionally, it occupies the central part of the Timiskaming basin. The syenite is in sheared contact with porphyritic trachyte flows in the far southeastern part of the claim group. Further south of the property are east-northeast striking trachyte flows, tuffs and volcanic breccias +/- sediments that host the gold mineralization at the Upper Canada deposits, about 1 km south of the property.

Northeast of the syenite plug is a more uniform sequence of northwest-striking Timiskaming assemblage sediments (300 m), followed by a 250 m package of trachyte tuff and volcanic breccia (more magnetic), and, a 250 m corridor of Timiskaming assemblage volcaniclastics and conglomerate.

Historical Highlights

The Northland Mine Property was explored from 1922 to 1949 by Northland Gold Mines Limited. They sunk two shafts on their property, drilled up to 83 surface drill holes and drilled an unknown amount of underground holes. On the shaft claim (L8689), the No. 1 shaft was sunk to a 1020 feet (311 m) depth with levels at 250 (station only), 500, 750, 875 (station only), and 1000 ft; 1516 m lateral development, mostly on the 1000-ft level. Government reports indicate that a mud seam up to 0.61 m thick was discovered on the 1000-ft level. It strikes 100 degrees, dips steeply south and the wallrocks are mineralized. Drilling in 1949 outlined a zone 229 m long, averaging 0.21 ozs gold per ton (7.2 g/t) across a width of 0.61 m.

Drilling to the east of the No. 1 shaft revealed a zone of strong shearing and brecciation along the greywacke-syenite contact, which may be a continuation of the of the fault on the 1000-foot level.

The No 2 shaft extends to 50 feet (15.2 m) with 102 m lateral development. This shaft is east of the current property limits.

Work Completed to Date

A ground magnetic survey over a portion of the property and cleaning out of historical trenchs has been completed by Golden Chalice Resources. In addition a limited MMI soil survey was conducted, the results of which have not been compiled.