 |
|
|
Timmins West Property
Location: 75 kilometres south west of Timmins, Ontario
Minerals: Gold, Copper, Nickel, and Zinc
Ownership: 100% Golden Chalice
Background
 This 100% owned property is located approximately 80 km by road southwest of Timmins, Ontario.
New geological and geophysical compilations for NE Ontario by the Ontario Government led to the identification of the Timmins West area as highly prospective for precious metal, base metal and diamond potential.
Very limited exploration work has been done on the property. Most historical work in the area focused on iron in an iron formation, and asbestos or talc mineralization. The property is largely overburden covered.
Geotech has completed an extensive VTEM airborne survey for GCR over more than 24,000 acres of land that make up the property.
Geology and Mineralization
Timmins West is very similar in geology, structure and surficial area to the Timmins Gold Camp that has produced over 60 million ounces of gold.
Major gold producing areas (Timmins, Kirkland Lake, Kerr Addison, Harker-Holloway) in the Abitibi Greenstone belt of NE Ontario occur where E-W striking regional deformation zones bend and trend in a SW direction. The Timmins West Property covers such a bend in the regional geology.
The sizable land package also covers the entire nose of a major regional fold structure with ultramafic, mafic, and felsic volcanics and sedimentary rocks analogous in geology and structure to that of the Timmins gold camp.
Of greatest importance are the multiple felsic porphyries that occur on the Timmins West Property. Most of the gold mineralization in the Timmins Gold Camp came from mines within or proximal to similar felsic porphyries.
The detailed Geotech VTEM airborne survey has outlined high priority electromagnetic and magnetic targets in areas with favourable geology and structures for hosting Timmins and Kirkland Lake vein and porphyry hosted gold deposits, as well as Kidd Creek style massive sulphides, and nickel deposits in ultramafic sills and flows.
Special processing of geophysical data has discovered numerous circular magnetic features that occur at surface and continue to depth. This type of anomaly is similar to the geophysical signature of kimberlite pipes that could host diamonds.
Next Steps
Initial assessment of the VTEM airborne data has identified more than 25 highly favourable areas for hosting gold, base metal or diamond mineralization.
Ground truthing is underway for the initial target areas.
Areas with overburden cover and little rock exposure will be assessed by geochemical (soil or MMI sampling) surveys.
The plan is to trench favourable targets with limed overburden and drill deeper targets.
|
|
