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Rice Lake Gold Belt, Manitoba
The Rice Lake Belt is an
established gold camp with over 1.7 million ounces produced and
is one of the most important gold-producing areas in Manitoba. Gold
production has just restarted in the belt with a mine and mill operating in the
town of Bissett. It is our belief, based on historical records and recent
high-grade gold discoveries that the area is under explored and, highly
prospective for the discovery of significant new gold deposits.
More than 200 gold occurrences
have been documented in the Belt. Gold mineralization is present in both the
older rocks in the northern part of the Belt and the younger rocks in the
southern part of the belt. Most of the past production has been obtained from
the San Antonio Mine which is hosted in the younger southern package of rocks.
Limited production has been
obtained from vein deposits in the northern part of the Belt where the older
rocks are considered to be the equivalent of the Balmer series of rocks that
host world class gold mineralization at Red Lake Ontario 80km to the east. These
older rocks, underlie most of the Lesavage North property, and are comprised of
mafic volcanic rocks, sedimentary rocks and banded sulphide and oxide iron
formation. The Wanipigow Fault, a regional shear, cuts through the property and
extends eastwards to the Red Lake and Pickle Lake gold camps. Major crustal
breaks such as the Wanipigow fault are associated with major gold camps through
out the Canadian Shield.
Our initial focus in the belt
is on the Lesavage North Property (formerly known as the Johnston Property). The
large area of Balmer equivalent geology is of particular interest following the
discovery of a brand new gold zone, Red Hill Zone in late 2005. This new gold
occurrence is characterized by the strong Iron-Carbonate-Quartz-Sulphide
alteration typical of gold deposits in the Red Lake Camp. The success of the
fall 2005 drilling resulting in intercepts of up to 12.7 g/t Au and multiple
other intercepts of between 0.5 – 3.4 g/t Au has been led to a followed up field
program which has identified several large prospective anomalies to a depth of
300m and along strike of the discovery over a distance of 1 km. These targets
are now being drill tested. For more information click here to read the
Lesavage North Detail Page
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