Assean Lake, Manitoba

Gold

Target

Our exploration goal at Assean Lake is the discovery of a new Canadian gold camp with multi-million ounce and multi-deposit potential. Exploration since 2000 has resulted in the discovery of a number of high grade gold zones. The most significant discovery to date on the property is the Hunt Zone which measures over 600m (2000’) in length and is intersected to a depth of 200m (650’) Drilling highlights on the Hunt Zone include a 4.27m (14’) interval grading 27 g/t (0.87 oz/t) Au.

Location

The project is 120 km NE, by all weather road, of the mining capital of Northern Manitoba, the city of Thompson.

History

Gold at Assean Lake was first discovered in the 1930’s and six significant gold zones have been discovered to date. Several high grade gold occurrences are reported from this era though exploration was limited to outcropping rock exposures along the shoreline of the lake.

In the 1980’s senior gold mining company Homestake acquired the property. Most of the property was surveyed by airborne geophysical equipment in an effort to interpret the geology of the property. A limited drill campaigned tested a known gold occurrence after which time the Company dropped most of its Canadian shield holdings including the Assean lake project as part of a greater corporate strategy to refocus their areas of interest towards other terrains around the world.

In 1997 CopperQuest Inc. carried out a ground magnetometer and Max-Min 1 EM survey over part of the Hunt peninsula are. In 1998, the company drilled six shallow holes with one intersecting 22 g/t Au and 190 g/t Ag over 0.3m
 

Property

The Company’s claims cover a 20 km length of the Assean Lake Shear Zone (ALSZ) a major break in the earth’s crust, which can be traced for over 200 km. Large structures, such as the ALSZ are associated with major gold camps on the Canadian Shield, which has produced over 170 million ounces of gold.

The project is in Joint Venture with Canadian Gold Hunter (CGH.T) (Formerly International Curator Resources) who hold a (60%) interest in the project and are the project operator. REM holds a (40%) interest in the project. Over 4 million dollars in exploration activity has been invested at Assean Lake to date.

 

To review the history and see images on the project, link to our joint venture partner,

Canadian Gold Hunter's website at http://www.canadiangoldhunter.com/s/AsseanLake.asp

 Graphics

Maps and Images of Assean Lake

Newsroom for Assean Lake