4. The intensely ankeritized Long Lake Fault zone and adjacent felsic to mafic volcanic rocks between this structure and the Revel Lake Batholith on the eastern side of the Project area.
5. The north-northeast trending fault or set of faults that pass through the NW part of the Project and the coincidental Au-in-lake sediment anomalies in that area.
Several volcanic centers identified within the Kawashegamuk Lake Group, also have potential for hosting VMS-type base metal mineralization. Copper mineralization has also been noted in some of the layered gabboric sills that occur throughout the Boyer Lake Group rocks. These layered gabbroic rocks may provide a ponding site for the deposition of copper-nickel and/or platinum group element mineralization.
The Goldstorm Project is an early stage exploration project. There are at least 4 known gold occurrences, one Cu-Ni occurrence and a multitude of exploration targets on the Project. These targets have geological, geochemical and/or geophysical attributes that warrant an extensive exploration program and as such it is considered a project of merit.
An aggressive exploration program designed to thoroughly evaluate the large Goldstorm Project is highly recommended. The program should include a balanced work program consisting equally of detailed technical surveys: geophysical, soil and litho geochemical, geological mapping and prospecting. The program should include:
-- Evaluation of the existing airborne geophysical data.-- A new airborne geophysical survey using the most advanced technology.-- Ground follow-up of features identified by these airborne surveys, historical survey data and known Au/base metal occurrences should be carried out in the near term in order to provide a baseline of data for evaluating future targets.
The objective should be to delineate drill targets early in the exploration cycle. The estimated cost to carry out the first phase of an exploration program is CDN$ 890,000."
Geology and Mineralization
Note: All rocks within the Goldstorm Project have been metamorphosed to greenschist or lower amphibolite facies and for simplicity sake, the term "meta" will be assumed for all rock types.
The Goldstorm Project claims cover a large area within the southeastern part of the Eagle-Wabigoon-Manitou Lakes Greenstone belt in the Wabigoon Subprovince of the Superior Province of the Canadian Shield. The claims are centered on a band of Timiskaming-type sedimentary rocks that rest unconformably on mafic volcanic and ultramafic to felsic intrusive rocks. Two major fault structures pass through the claim group. Gold mineralization occurs in association with all of the rock units.
The Goldstorm Project area shares many similarities to greenstone belts containing world-class gold deposits in other parts of Ontario and Quebec. These similarities include the following:
-- Regional, crustal-scale, major fault structures that have enabled the influx of metal bearing hydrothermal fluids;-- "Timiskaming-type", clastic sedimentary rocks that unconformably overly a diverse array of Keewatin-type mafic to felsic volcanic rocks;-- Mafic to ultramafic sills and dykes as well as subvolcanic felsic bodies that lie close to or at the unconformity;-- Pervasive hydrothermal alteration as evidenced by extensive ankerite zones and the presence of sericite, fuchsite and sulphides in association with known gold mineralization; and-- A diversity of styles of gold-bearing zones within the greenstone belt such as veins, stockwork, breccia and massive sulphides, and associated accessory minerals suggests the presence of a long-lived, multi-staged mineralizing system.