The Brunswick Property is located in the Timmins area of Ontario. As recently announced (see news release dated October 27, 2016), the Company completed a non-brokered private placement raising gross proceeds of $680,665, and has since begun exploration on the Brunswick Property. The Brunswick Property is accessible year round by bush road connecting to Highway 560 that links to the West with Highway 144 and then north to Timmins (via Highway 101).
The Company’s VP Explorations, Robert Middleton, P.Eng., reports that an initial 30 kilometer grid has been recovered from a previous grid over the gold showings sampled by one of the Property’s optionors, Mike Tremblay, in 2016. Gold assays from grab samples taken in May 2016 from the showing area assayed 32.9 grams Au (gold), 3.77 grams Au, 3.13 grams Au and 2.82 grams Au. A prospecting and mapping program has also been initiated by the Company to examine not only the gold showing area, but three further parallel shear zones since discovered on the Brunswick Property during preliminary inspections. The shear and gold showings are hosted in sheared iron rich basalt volcanics adjoining the Ridout Shear Zone, which occurs at the contact of the volcanics and Temiskaming sediments. The Ridout Shear Zone extends west through the Chester-Cote Lake area where a gold deposit (the Chester Mine project) is being developed by IAMGOLD Corporation, then continues on to the Jerome Mine and then to the Borden discovery purchased by Goldcorp Inc. in 2015.
Mapping and prospecting has found a number of new sericite-carbonate altered shear zones with sulphides which appear promising and look similar to the known gold occurrence. As well, a deep penetrating induced polarization (“IP”) survey has also been initiated to trace depth extent of the gold zone, and to outline any sulphides in the parallel shear zones. Additional grids are planned to cover a 2.6 kilometer area on the east side of the Property and a 4.8 kilometer extension to the west. A drill program is being planned for early 2017.