Overview
- Located in the prolific Red Lake gold camp in northwestern Ontario, Canada, which is host to over 25 million ounces past production and reserves
- Situated in the Red Lake Greenstone Belt, which is renowned for its high-grade, highly profitable gold mines; property is located near four developed prospects
- Project is situated in a 2 km long, under-explored structural corridor extending the entire length of the property and beyond
- Recent exploration has identified at least three zones of high grade gold mineralization within this strongly mineralized and altered breccia corridor and is ready for its largest scale drill program to date
- A recent, 27 hole drill program within an area measuring roughly 1200 by 300 m yielded numerous intersections assaying greater than 1.0 g/t gold, with individual assays up to 69.02 g/t
- Property has clear potential to host a mine-scale deposit and warrants a significant amount of future drilling. Significant potential exists both down-dip of, and in between, the three known zones where very little drilling has been completed
- Largest scale drill program to date will be underway in 2011; a phased program which will test along strike within the structural corridor as well as to depth
One of the Premier Gold Camps
in North America
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A Long History of Gold Mining
- Over 50 years of production
- Average grades ~ 0.5 oz/t gold
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A Modern Record of Exploration Success
- Gold Corp's High Grade Zone (HGZ)
- Gold Eagle, Premier, Rubicon
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The Red Lake Greenstone Belt is one of the most proli fic and highest-grade gold camps in Canada, with historical production of more than 18 million ounces of gold.
The majority of production has come from four mines, Campbell (>10 million ounces), Red Lake (>3 million ounces), Cochenour-Willans (1.2 million ounces) and Madsen (2.4 million ounces), with combined production of 1.5 million ounces coming from ten smaller mines.
The Red Lake gold camp has been the recipient of renewed interest due to the recent discovery by Goldcorp Inc. of the High Grade Zone (HGZ) at the Red Lake Mine, which is one the highest grade gold ore bodies in the world.
Since the beginning of extraction in 2001, the HGZ at the Red Lake Mine has produced 1.5 million ounces of gold at an average grade of 3.1 oz/ton (88 g/t), and as of December 31, 2004 reserves totaled 5.2 million ounces of gold (Dube et al., 2004;
www.goldcorp.com, March 2005).
Location & Ownership
- The property consists of 13 patented claims totaling 195 hectares in the Red Lake Mining Division, Ontario and is situated 35 km west of the town of Red Lake
- The area has a rich mining history, with two active producing mines (Campbell and Red Lake Mines), and has all the facilities and infrastructure required to develop a new mining operation
- Redstar Gold Corp. has 100% ownership. Confederation Minerals has entered into a an Option Agreement with Redstar Gold Corp., whereby Confederation can earn up to 70% of the property and will act as operators on the project
Regional Geology
- The Red Lake gold camp is situated in the Red Lake Greenstone Belt (RLGB), an accumulation of Archean-age metavolcanic, metasedimentary and intrusive rocks in the Uchi Province of the Canadian Shield
- The RLGB records a volcanic history that spans 300 Ma, and is represented by seven volcano-sedimentary assemblages
Property Geology
- Property geology consists of felsic, mafic and ultramafic rocks of the Ball and Balmer assemblages, and minor siliciclastic and felsic to intermediate volcanic rocks of the Slate Bay, Huston and Confederation assemblages
- All rock types are influenced by folding and thrust faulting generated during two phases of regional deformation
- The most abundant rock units on the property are felsic crystal tuff and ultramafics. The crystal tuffs cover most of the north portion of the claims and ultramafics dominate the southern and southeastern portion of the claims
- The NTS (Newman Todd Structure) marks an alteration/breccias body composed of fragments of silica, Fe-carbonate with minor crystal tuff, iron formation and chert
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Mineralization
- Gold mineralization is associated with silicified iron-carbonate altered breccias zones
- Gold-bearing sulfide (primarly pyrite) and magnetite replacement zones occur throughout the breccia system
- Similar style of mineralization to other deposits in the Red Lake District
Exploration History
- The property has been intermittently explored by a variety of companies since the 1920's, with work including geophysical surveys, geological mapping, geochemical surveys, trenching and minor drill programs
- Past work has identified fifteen gold occurrences, as documented with the Ontario MNDM, and defined alteration and deformation similar to that reported with gold mineralization at the major Red Lake mines
- As many as seven gold prospects with small-scale underground development and mine workings are located on nearby claims, all within 5 km of the property boundary. These include the Cole Gold Mine, West Red Lake Mine, Miles Red Lake Prospect, May-Spiers Prospect, Mt. Jamie Mine, Rowan Gold Mine, and Red Summit Mine
- Red star has carried out systematic exploration over the property from 2002 to 2010, including mapping, structural analysis, sampling, drilling and geophysical survey (HeliMag-EM and Titan MT/DCIP)
Exploration Model
Recent Newman Todd Exploration
