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Assean Lake, Manitoba
Target
Our
exploration goal at Assean Lake is the discovery of a new Canadian gold camp
with multiple deposits 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 drilled to a depth of 200m (650’). 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 across 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
High-grade gold intercepts from Assean Lake drill core. |
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