Expands Geophysical Coverage In Ontario
Nuinsco Resources Limited (CSE:NWI) has identified a number of follow up targets through a recently completed geophysical survey comprising induced polarization and magnetic methods, conducted on its Sunbeam Gold property near Atikokan in north-western Ontario.
CEO, Paul Jones, said the additional anomalous target domains are associated with known, high-grade, gold mineralisation for which diamond drilling is recommended.
The survey expanded geophysical coverage to the east and west of the high-grade Sunbeam gold mine and now extends to three kilometres of continuous strike length along the Sunbeam lineament that hosts three of at least ten gold occurrences encompassed by the Sunbeam Project.
“The ongoing exploration at the Sunbeam Project continues to produce strong positive exploration results,” Mr Jones said.
“The interpretation received from the current survey when added to our earlier geophysical coverage now identifies a number of chargeability/resistivity sources that define anomalous domains of more than 2,500m along the trend of the Sunbeam lineament.
“These anomalous domains are spatially associated along strike and down-dip from known high-grade gold mineralisation at the Sunbeam Mine as well as significant gold mineralization at the Road Zone and possibly the AL198 Zone.
“Most of the remaining 25km of prospective, gold-mineralised lineaments encompassed by the claim group, and hosting at least seven other gold occurrences, remain to be tested with geophysics.
“Given the known presence of high-grade gold mineralization with disseminated sulphide in quartz veins in the Sunbeam mine-workings the targets are very prospective and our intention is to determinedly explore the project.”
The Sunbeam Gold Project encompasses numerous sites of gold mineralisation and includes the historic, underground, Sunbeam Mine that operated between 1898 and 1905, as well as the Roy and Pettigrew deposits, and a number of other gold showings.
A 1903 plan of the Sunbeam Mine shows an average grade of ~13g/t Au in the historic workings. There has been no exploration of the formerly patented mine site since the mine closed 115 years ago. Intermittent exploration on mineral claims around the patent area was conducted between 1981 and 2012.
The Sunbeam Gold Project consists of 110 unpatented mining claims (218 cells), covering 48.8 sq. km, situated 27km northeast of the town of Atikokan, Ontario, and 12km southeast of Agnico Eagle’s Hammond Reef gold deposit:
The Company contracted Simcoe Geoscience to conduct the Alpha IP wireless, time domain, distributed IP, resistivity and induced polarisation survey and a magnetic survey over approximately 15 line km of grid at 150m line spacing.
The intent of the survey was to map the subsurface resitivity and chargeability responses along a linear domain of deformation and gold mineralisation termed the Sunbeam Lineament on strike from the Sunbeam Mine workings. The survey was configured to be capable of detecting responses to approximately 200m depth below surface.