Salve Lake

Salve Lake Prospect

Salve Lake Prospect is located near Matheson, Ontario, anomalous gold values have been intersected in the initial drill program on the property. Based on these encouraging initial drill results, additional follow-up drilling is warranted to further assess the potential of these mineralized gold zones at depth and along strike to the northwest and southeast, respectively.

New drill assay results include 1.60 g/t Au over 1.45 m in hole GSL-10-02 within a previously undrilled section along the Pipestone Deformation Zone ("PDZ"), currently thought to be a splay off of the Destor Porcupine Deformation Zone ("DPFZ"). The goldbearing Pipestone Fault (PDZ) structure is proximate to the small, but high-grade Croesus Mine (southwest corner of Munro Township), as well as many other gold occurrences situated along its strike length including the Maude Lake gold deposit (northwest corner 2 of Beatty Township), located two (2) kilometres on-strike to the northwest of the property where the drilling was completed.

A number of altered, variable quartz-carbonate veined and mineralized zones have been intersected in the two (2) drillholes within a favourable band of basalt-komatiite volcanic flows marking the trace of the Pipestone Fault on the property.

Hole ID From (m) To(m) Length Au g/t
GSL 10-01 153.65 153.95 0.3 0.431
GSL 10-02 122.5 123.35 0.85 0.308
And 220.05 221.5 1.45 1.595
And 240.8 242.25 1.45 0.648

Property Evaluation Maps