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Canadian Gold Miner discovers new gold zone south of Kirkland Lake

Mining News - Published on Fri, 11 Jan 2019

Image Source: Canadian Mining Journal
Canadian Gold Miner and Transition Metals Corp announced the discovery of a new gold zone dubbed “Behold Zone” located approximately 10 kilometres south of Kirkland Lake, Ontario. The zone is located near the northwest edge of a recently identified 800 metre long, Induced Polarization chargeability and resistivity anomaly occurring within a favourable structure and alteration corridor that the Company has been able to trace for more than 1.5 kilometres along strike. Canadian Gold Miner CEO Greg Collins commented, “Our work has highlighted a large exploration target located just south of the heart of the Kirkland Lake gold mining camp (Fig. 1). Trenching has exposed sub-cropping mineralization more than 800 metres northwest from a cluster of strongly mineralized occurrences identified and sampled by the Company in 2017. The newly discovered Behold Zone occurs near the interpreted northwest end of an IP anomaly approximately 300 metres north of the Lincoln Nipissing break. The Lincoln Nipissing Fault has recently been highlighted by the Metal Earth research initiative as an underexplored fault system having similar characteristics to other major gold producing structures in the Abitibi.”

Field work completed in 2017 by the Company highlighted an approximate 500 metre wide corridor that hosts extensive alteration associated with favourable structure developed around the Lincoln Nipissing Fault northwest of the Cook and Zenith showing areas reported in 2017 (Fig. 2) (see news release dated Sept 14, 2017 - Canadian Gold Miner Sampling at Cook Showing in South Kirkland Returns of up to 8.13 Grams per Tonne Gold in Selected Grab Samples).

Channel sampling at the Behold Zone in late 2018 has returned assays ranging from nil to 8.6 g/t Au over 0.30 metres and 5.42 g/t Au over 0.67 metres from select channel samples (Table 1). The Behold Zone is situated 800 metres northwest of any previously known mineralization.

In September, the Company engaged geophysicists from Intelligent Exploration services to review historical IP data collected over this area. Intelligent Exploration highlighted an 800 metre long untested coincident chargeability and resistivity anomaly situated at the core of this now 1.5 kilometre long open mineralized trend.

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Posted By : Rabi Wangkhem on Fri, 11 Jan 2019
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