Ontario Mineral Inventory

Ontario Geological Survey
Permanent Link to this Record: MDI52E10SW00012

Record: MDI52E10SW00012

General

Mineral Record Identification
Record Name(s) Tycoon - 1898, Bag Bay - 1898
Related Record Type Simple
Related Record(s)
Record Status Occurrence
Date Created 1984-Feb-01
Date Last Modified 2022-Mar-02
Created By
Revised By

Commodities

Primary Commodities: Gold



Location

Township or Area: Snowshoe Bay Area

Latitude: 49° 35' 56.12"    Longitude: -94° 57' 31.38"

UTM Zone: 15    Easting: 358464.6   Northing: 5495881.28    UTM Datum: NAD83

Resident Geologist District: Kenora

NTS Grid: 52E10SW

Point Location Description: Precise

Location Method: Conversion from MDI



Exploration History

1898: Tycoon Mining and Development Company of Ontario Ltd. staked the claims and drilled 5 DDH. 1899-1901: Shaft was sunk on claim D219 to a depth of 78 feet (23 m). No further mining work was done. 1912: drilling. 1922: Mikado Consolidated was incorporated and optioned the property. 1978 H. Tibbo staked the property. 1979: H. Tibbo and Pancontinental Mining Ltd. drilled 5 DDH totalling 309.5 m. 1981: H. Tibbo formed Tasu Resources Ltd. and completed magnetometer and EM surveys. 1983: Tasu Resources Ltd. drilled 3 DDH totalling 315 m. 1986: Golden Rule Resources Ltd. staked the property. 1988: Golden Rule Resources drilled 1 DDH totalling 151.8 m.


Assessment Work on File

Assessment Work on File
Office File Number Online Assessment File Identifier Online Assessment File Directory
63.3469 52E10SW8558 52E10SW8558
31 52E10SW8520 52E10SW8520
32 52E10SW8519 52E10SW8519
40 52E10SW8310 52E10SW8310
2.9325 52E10SW8575 52E10SW8575

Geology

Province: Superior

Subprovince: Wabigoon

Geological Age: Archean  



Lithology

Lithology Data
Rock Type Rank Composition Texture Relationship
Quartz Diorite 1
Vein 2 Quartz Host

Mineralization

Mineralization and Alteration
Rank Mineral Name Class Economic Mineral Type Alteration Mineral Type Alteration Ranking Alteration Intensity Alteration Style
1PyriteEconomicOre
2ChalcopyriteEconomicOre
3PyrrhotiteEconomicOre

Mineralization Comments

Jan 15, 2020 (Therese Pettigrew) - A thin, pyritiferous quartz vein is exposed near the shore line west and southwest of the shaft. Chalcopyrite and pyrrhotite have been detected along fractures (Davies and Smith, 1988). 1898 drilling reported extensive widths of quartz veins carrying substantial quantities of gold. The assay results are summarized as follows: "Bore Hole No. One (D221, 190 feet total length, dip 55, bearing WSW), assayed $15.00 gold over 31 feet (true width). Hence at a gold price of $16.43 per Troy ounce, $15.00 represents 0.9 ounces Troy," "Bore Hole No. Two (D219, 176 feet total length, dip 45, bearing WSW) cut 80.5 feet (true width) averaging $27.65, i.e., 1,68 Troy ounces over 80.5 feet", "Bore Hole No. Three, (D219, 129 feet total length, dip 55, bearing WSW), cut 32.0 feet (true width) averaging $8.50, i.e., 0.52 ounces over 32 feet” (Assessment report 52E10SW8520). Assays from the 1979 drill program generally returned results less than 0.04 oz/t (1.37 g/t Au), although DDH 5 did return 0.22 oz/t Au over 3.5 feet (7.54 g/t Au over 1.1 m) and 0.1 oz/t Au over 2.5 feet (3.43 g/t Au over 0.76 m) (Assessment report 52E10SW8520). The Tycoon occurrence is believed to be an extension of the Mikado No. 2 Vein. Diamond drilling results included: DD hole: No. 1 – CL D219 - 1.0 oz. Au/ton over 11 ft. width. No. 2 - 3.75 oz. Au/ton over 19 ft., 3.20 oz. Au/ton over 12.5 ft, No. 3 - 0.37 oz. Au/ton over 26 ft., 0.92 oz. Au/ton over 6.5 ft (Garratt and Beard, 1976).



Mineral Record Details

References

MonoMap - Geology of the Shoal Lake-Western Peninsula area, District of Kenora

Publication Number: OFR5242 Scale:     Date: 1978

Author: Davies J.C.

Publisher Name: Ontario Geological Survey

Location:


Mono - The geological setting of gold occurrences in the Lake of the Woods area

Publication Number: OFR5695 Scale:     Date: 1988

Author: Davies J.C., Smith P.M.

Publisher Name: Ontario Geological Survey

Location:


Mono - Gold deposits of the Kenora-Fort Frances area, districts of Kenora and Rainy River

Publication Number: MDC016 Scale:     Date: 1976

Author: Beard R.C., Garratt G.L.

Publisher Name: Ontario Division of Mines

Location:


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