Mineral Deposit Inventory for Ontario

Ministry of Energy, Northern Development and Mines

Deposit: MDI52K15NE00004

General

Commodities

Primary Commodities: gold

Location

Township or Area: Slate Lake Area

Latitude: 50° 58' 10.08"    Longitude: -92° 37' 16.62"

UTM Zone: 15    Easting: 526592   Northing: 5646498    UTM Datum: NAD83

Resident Geologist District: Red Lake

NTS Grid: 52K15NE

Point Location Description: Precise

Location Method: data compilation

Source Map: OGS 1981 P.2407 SLATE LAKE AREA-WEST SHEET

Sources Map Scale: 1:12 000

Access Description: 57 km NE of Ear Falls. Access to the property area is provided by an all-weather logging road to within 0.5 km of Slate Lake and then by boat or snowmobile.

Exploration and Mining History

1939: mapping by Ontario Government Geologist. 1945-46 Pemican and Hager staked 8 claims north of Panama Lake. Reportedly 1500 ft of DDH in 1946. 1960: Aeromagnetic survey, 1978: St. Joseph Explorations Ltd. carried out mapping and ground geophysical surveys. 1980: mapped by OGS, 1986: staked by Noranda Exploration - cut grid, detailed mapping, humus sampling, magnetometer and VLF. 1988: Noranda drilled 8 DDH totalling 953 m. 2008: Metals Creek Resources conducted line cutting and total field magnetic survey. 2010: Metals Creek Resources conducted a geophysical and prospecting program. 2018: Benton Resources drilled 7 DDH.

Assessment Work on File

Geology

Province: Superior

Subprovince: Uchi

Belt: Birch-uchi

Geological Age: Archean   

Mineral Deposit Lithology

Mineralization

Mineralization Comments

02/07/2012 (A Mckee) - GRADE 1945: 0.04-0.26 OPT AU REPORTEDLY, GRADE 1986 GRAB,CHIP,CHANNEL SAMPLES: TR-14.4 G/TONNE-BEST CHANNEL S:10.3/1.1M AVE GRADE (131 CHAN S) IS 3 G/TONNE, GRADE 1988 - 8 DDH'S: BEST: 2.8 G/TONNE/4.5M @86.0M. 2010: The 13 samples taken from the main trenched area returned gold values ranging from 9ppb up to 3.025 g/t Au. Most samples were between 500-1000 ppb Au with 3 samples over 2.0g/t Au. The highest gold values obtained were within and the area surrounding a historic blasted pit. It was from these 12 samples that the highest and most consistent gold values were obtained. Assays ranged from 227ppb Au up to 13.331 g/t Au with fairly consistent values between 1-7 g/t Au. From the 8 samples taken to the west of the trenching, no significant values were obtained as assays ranged from 6ppb to 49ppb within intriguing looking, sulphide-rich, silicified volcanics. Of the 4 samples taken to the east of the main trenching, gold values returned were 122ppb, 719ppb, 863ppb and 1769ppb. (taken from assessment file 2.47455)

04/10/2019 (T Pettigrew) - Gold mineralization on the property appears to be related to a NE-trending shear zone exposed over 300-400 m. The zone trends 60 degrees, dips vertically to steeply south, and plunges 50-70 degrees to the west. It has an exposed width of up to 10 m. This zone is characterized by intense silicification, sericitization, and moderate tourmaline enrichment. Pyrite is disseminated throughout the zone in amounts ranging from trace up to 0.5% (Assessment report 20000006137). Assays from the 2019 Benton Resources drill program included the following: PL-19-01: 1.58 g/t Au over 7.6 m, including 2.34 g/t Au over 4.7 m; PL-19-02: 1.23 g/t Au over 6.5 m; PL-19-03: 1.21 g/t Au over 5.8 m including 2.55 g/t Au over 2 m; PL-19-04: 1.07 g/t Au over 5.8 m including 1.67 g/t Au over 2.8 m; PL-19-05B: 0.57 g/t Au over 16.1 m including 2.07 g/t Au over 2 m (Benton Resources March 4, 2019 press release). A quartz vein located at NAD83 UTM Zone 15 526606 m E 5646569 m N returned an assay of 13.331 g/t Au (Assessment file 20000006137).

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Ministry Contact Information

For detailed information regarding this mineral deposit please contact the Red Lake Resident Geologist District Office