Ontario Mineral Inventory

Ontario Geological Survey
Permanent Link to this Record: MDI42A08NE00038

Record: MDI42A08NE00038

General

Mineral Record Identification
Record Name(s) Southwest Zone - 1994, Moneta #3 Zone - 1992, Moneta Porcupine - 1992, Miller - 1992
Related Record Type Compound
Related Record(s)
Record Status Developed Prospect With Reported Reserves or Resources
Date Created 1992-Feb-13
Date Last Modified 2023-May-08
Created By
Revised By

Commodities

Primary Commodities: Gold



Location

Township or Area: Michaud

Latitude: 48° 28' 30.04"    Longitude: -80° 2' 15.55"

UTM Zone: 17    Easting: 571125   Northing: 5369545    UTM Datum: NAD83

Resident Geologist District: Kirkland Lake

NTS Grid: 42A08NE

Point Location Description: Zone

Location Method: Conversion from MDI



Exploration History

1989: Unocal Canada Ltd. optioned the property and drilled 5 DDH totalling 1178.2 m. 1994-1995: Lac Exploration Ltd. completed line cutting, detailed ground magnetic geophysical survey and 4734 m of diamond drilling. 1996: Barrick Gold Corporation completed IP and diamond drilled 23 holes totaling 11 557 m. Based on the drilling, a resource calculation was completed. 1997: Lac Exploration Inc. diamond drilled 44 holes totaling 22 270 m on the Southwest Zone. 2002: Acrex Ventures Ltd. and Moneta Porcupine Mines Inc. diamond drilled hole MA-02-02. Numerous intersection up to 11.76 g/t gold over 0.5 m. Diamond drilled hole MA-02-05. Best intersection 5.90 g/t gold over 0.5 m. MA-02-08 intersected 2.86 g/t Au over 0.5 m Diamond drill hole MA-02-09 intersected 20.62 g/t gold over 0.5 m. Diamond drill hole MA-02-01 contained numerous intersections including 6.70 g/t gold over 0.5 m. 2010-2011: Part of a 30 000 m diamond drilling program by Moneta Porcupine Mines Ltd. Update NI 43-101 resources estimate released December 1, 2011. 2017-18: Moneta drilled 52 DDH totalling 32,706.9 m.


Assessment Work on File

Assessment Work on File
Office File Number Online Assessment File Identifier Online Assessment File Directory
KL-5148 42A08NE2018 42A08NE2018
KL-3914, W9680.00306 42A08NE0061 42A08NE0061
KL-4360 42A08NE2001 42A08NE2001
KL-3965, W9680.00385 42A08NE0067 42A08NE0067

Geology

Province: Superior

Subprovince: Abitibi

Terrane: Wawa-Abitibi

Belt: Abitibi

Geological Age: Archean  



Lithology Comments

May 08, 2023 (Therese Pettigrew) - In the Southwest deposit area, the regional BIF consists of two iron formations, where the southern, termed BIF-A is in contact with a conglomerate unit and the northern BIF-B lacks a conglomerate unit. The Timiskaming sediments consist of a polymictic conglomerate unit, coarse lithic greywackes with occasional sericitic argillite fragments, weakly bedded, medium to fine greywackes, bedded greywackes and argillites (from the south contact of the BIF towards the Blake River mafic volcanics to the south). The sediments overall fine towards the south. In the centre of the Timiskaming sediments, a narrow horizon of weakly magnetic hematitic greywacke units interbedded with fine greywackes (termed IF-C) is present. The sedimentary bedding generally strikes northeast or southwest and dips steeply to the northwest or southeast. The Timiskaming sediments are pervasively chloritized and in the vicinity of the BIF, hematization overprints the chloritization. Local sericitization occurs within the coarse greywackes as bands and the argillite units are often strongly sericitized (Raponi and Dusfresne, 2022).




Mineralization

Mineralization and Alteration
Rank Mineral Name Class Economic Mineral Type Alteration Mineral Type Alteration Ranking Alteration Intensity Alteration Style
1GoldEconomicOre
2PyriteEconomicOre
1QuartzEconomicGangue
3CarbonateEconomicGangue

Mineralization Comments

May 08, 2023 (Therese Pettigrew) - The Southwest deposit comprises a series of mineralized extensional veins and stockwork veins. The vein arrays and associated stockwork veining occur as stacked vein structures within Timiskaming sediments, south of the southern contact of a regional BIF. The regional BIF at the Southwest deposit is a banded jasperoid-hematite-magnetite formation varying in thickness from 1 m up to 25 m. It has been traced for approximately 5 km, from the 55 deposit to the eastern boundary of the property. Drilling to date has outlined southeast-trending extensional veins and associated stockwork vein zones. These tension vein arrays are continuous from the Gap area to the Main Fault over a distance of 1.2 km along a northeast strike. The vein arrays and stockwork dip shallow to moderately to the southwest at 30° to 40°. The veins and associated stockwork zones generally have an average width of approximately 2.8 m and up to 25 m in proximity to the regional BIF. These mineralized structures generally occur 25 m to 30 m apart. The vein arrays and stockwork zones can be traced for 300 to 400 m southeast from the southern regional BIF contact. The vein structures have been intersected at depths up to 1,200 m below surface and remain open down dip. The vein arrays are extensional quartz-carbonate-pyrite veins and/or quartz-carbonate stockwork style veining with distinct narrow (millimetres to centimetres in size) ankerite-silica alteration halos. Gold mineralization occurs associated with 1% to 3% pyrite in the veins and vein alteration halos, as well as visible gold. In some cases, a zone of quartz-pyrite veinlets occurs adjacent to the veins and hosts mineralization. The veins can be brecciated and occur as quartz matrix-supported breccia zones. In proximity to the southern contact of the BIF, the vein arrays expand into stockwork zones and are up to 25 m wide in the porous coarse greywackes. The stockwork of quartz-carbonate-pyrite veins (3% to 20% veining) occurs within a distinct ankerite-silica alteration halo occasionally with sericite. Gold mineralization occurs associated with pyrite in the veins and vein alteration halos, as well as visible gold Raponi and Dusfresne, 2022).



Mineral Record Details

Reserves or Resources Data
Zone Year Category Tonnes Reference Comments Commodities
South West Underground 2022 Inferred Mineral Resource 6761000 2022 NI 43-101 948,000 oz Au contained Gold 4.36 g/t
South West Underground 2022 Indicated Mineral Resource 168000 2022 NI 43-101 25000 oz Au contained Gold 4.54 g/t
South West Open Pit 2022 Indicated Mineral Resource 11176000 2022 NI 43-101 316,000 oz Au contained Gold 0.88 g/t
South West Open Pit 2022 Inferred Mineral Resource 41178000 2022 NI 43-101 1,195,000 oz Au contained Gold 0.9 g/t
Golden Highway - out of pit 2012 Inferred Mineral Resource 11684000 Moneta Porcupine Mines Inc. press release October 25, 2012 2.00 g/t cut-off Gold 3.28 g/t
Golden Highway - pit 2012 Indicated Mineral Resource 30000000 Moneta Porcupine Mines Inc. press release October 25, 2012 0.37 g/t cutoff Gold 1.01 g/t
Golden Highway - pit 2012 Inferred Mineral Resource 71627000 Moneta Porcupine Mines Inc. press release October 25, 2012 0.37 g/t cut-off Gold 0.86 g/t
Golden Highway - out of pit 2012 Indicated Mineral Resource 1080000 Moneta Porcupine Mines Inc. press release October 25, 2012 2.00 g/t cut-off Gold 3.29 g/t
Southwest Zone - out of pit 2011 Inferred Mineral Resource 6980800 Moneta Porcupine Mines Ltd. press release December 1 2011 Gold 3.43 g/t
Southwest Zone - out of pit 2011 Indicated Mineral Resource 556200 Moneta Porcupine Mines Ltd. press release December 1 2011 Gold 3.41 g/t
Southwest Zone - pit 2011 Indicated Mineral Resource 10708300 Monetal Porcupine Mines Ltd. press release December 1 2011 Gold .97 g/t
Southwest Zone - pit 2011 Inferred Mineral Resource 20455300 Moneta Porcupine Mines Ltd. press release December 1 2011 Gold 1.17 g/t
Southwest 1997 Possible 3200000 Acrex Ventures press release April 22, 2004 Resource calculated by Barrick Gold in 1997 Gold 5.98 g/t

References

File - Resident Geologist files KL-1909, KL-1910

Publication Number: Date:

Author:

Publisher Name:

Location: Kirkland Lake RGP office


Publication - Tower Gold Project, NI 43-101 Report & Mineral Resource Estimate

Publication Number: 2022 NI 43-101 Date: 2022

Author: Raponi, T.R., Dufresene, M.B.

Publisher Name: Ausenco Engineering for Moneta Gold

Location: SEDAR


Book - Company Annual Report 1986

Publication Number: Date: 1986

Author:

Publisher Name:

Location:


Book - Northern Miner April 17, 1989 Moneta p. 3

Publication Number: NMINER Date: 1989

Author:

Publisher Name: Northern Miner

Location:


Book - Northern Miner March 6, 1989 Moneta p. 14

Publication Number: NMINER Date: 1989

Author:

Publisher Name: Northern Miner

Location:


Folio - Michaud Township, District of Cochrane

Publication Number: GDIF382 Date: 1997

Author: Kirkland Lake RGO

Publisher Name: Ontario Geological Survey

Location:


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For detailed information regarding this mineral record please contact the Kirkland Lake Resident Geologist District Office