Wydee Gold Property
Ontario NTS 41P/15
|4,8637 ha.||45 claims blocks 15 claims are subject to a 1% NSR.||100% Alexandria Murgor acquisition 1% NSR on several claims|
The WYDEE Gold Property:
The Wydee Property consists of 45 contiguous unpatented claims (302 units), covering 4,837 hectares, Northwest of the Young Davidson Mine in Ontario. Murgor owns a 100% interest in all the claims.
Fifteen (15) claims (944 Ha) of the property are subject to a Claim Purchase Agreement dated April 17th, 2014 whereby Murgor puchased a 100% interest in the claims for a one-time cash payment in the amount of $15,000. The vendor retains a 1% Net Smelter Return (NSR) royalty of which Murgor can buy back 0.5% NSR at anytime for $500,000. Murgor also has a right of first refusal on the remaining 0.5% NSR
One claim block (14 units) is subject to a Claim Purchase Agreement dated May 20th, 2014 whereby Murgor purchased a 100% interest in the claim for a one-time cash payment in the amount of $10,000 and the vendor does not retain any royalty.
Another claim block (6 units) is subject to a Claim Purchase Agreement dated May 21, 2014 whereby Murgor purchased a 100% interest in the claim for a one-time cash payment in the amount of $3,000 and the vendor does not retain any royalty.
All other claims were staked by Murgor between April and July of 2014.
Description of the Property:
The Wydee Project is located approximately 6 kilometres west-northwest of the town of Matachewan, Ontario, 60 kilometres west of Kirkland Lake and 50 kilometres south-southeast of Timmins, Ontario (Figure 1). The eastern boundary of the Wydee project is located 6 kilometres northwest of Aurico’s Young Davidson Mine where reserves and resources currently stand at 5.5 million ounces of gold at an average grade of 2.66 g/t combining underground and open pit operations. The Young Davidson Mine complex also includes a fully operational 10,000 tons per day mill.
The property is located in the Archean Abitibi Greenstone Belt, and is mainly underlain by steeply dipping mafic to intermediate volcanic rocks trending E-W in the eastern part of the property and NW-SE in the western part of the property. The volcanic rocks are intruded by ultramafic to felsic intrusions of various sizes, and by late N-trending diabase dikes.
Throughout the property, a number of poorly documented syenitic intrusions of various sizes have been located and a number of similar felsic intrusions are interpretred based on geophysic works. The largest of these intrusions is the Powell Syenite intrusion (4km x 2.5km) located in the eastern part of the property. These intrusions typically have a low magnetic signature cutting through stratigraphy. It should be noted that the alteration associated with the gold mineralization at the Young Davidson is documented as “magnetite destructive”.
The eastern part of the property covers an 8 kilometre E-W strike along the Galer Branch Deformation zone, a splay of the Larder Lake-Cadillac deformation zone located to the east. The western part of the Wydee property covers a number of NW-trending shear zones also interpreted as splays of the Larder Lake-Cadillac shear zone. The presence of Temiskaming-Type sediments along these structures confirm the deep seated nature of these deformation zones, an indicator of the high potential for gold mineralization.
The property hosts numerous gold occurrences that have yielded potentially economic grades of gold mineralization, yet the property remains largely under-explored. Fourteen gold showings, assaying more than 1.0 g/t Au have been located by previous workers.
The majority of occurrences in the area consists of visible gold in narrow quartz veins ranging from 2cm to 70 cm in width. The veins generally have two dominant orientations throughout the area, trending South and dipping 45˚ to 50˚ towards the west, or sub-horizontal to shallow dipping.
A number of gold occurrences in the area consists of disseminated pyrite-gold mineralization within or at the contacts of syenitic rocks. The syenitic rocks commonly show hematization, silicification and potassic alteration similar to the syenitic rocks hosting the Young Davidson gold mineralization.
The best historical assays include:
- Grab samples assaying 3.29 g/t, 3.41 g/t, 10.46 g/t, 12.0 g/t, 12.1 g/t and 26.3 g/t gold taken from quartz vein-type occurrences,
- Channel samples of 6 g/t Au over 8.0m, 6.2 g/t Au over 6.0m and 22.6 g/t Au over 3m taken from the Galer Fault Zone,
- Drill intercepts of 6 g/t Au over 70 cm, within a mineralized section assaying on average 1.49 g/t Au over 34.75m at the Sunisloe Showing.
An exploration program consisting of geological mapping and exploration of selected areas was carried out in June and August 2014 by Murgor. The main objective of this program was to identify the intrusive suites related to gold mineralization and to identify potential gold-bearing structures on the property. The exploration campaign returned the following results:
1) Grab samples returning assays values:
► 9.65 g/t Au and 8.70 g/t Au from the Sunisloe gold occurrence in sub-horizontal extension quartz veins.
► 0.75 g/t Au from the McGill gold occurrence in NW-SE trending, sub-vertical quartz veinlets.
►1.26 g/t Au from a new gold occurrence located 47 metres away from the old McGill gold occurrence also in NW-SE trending, sub-vertical quartz veinlets,
► 1.24 g/t Au and 0.37 g/t Au from the Galer Fault, at the north contact of the Powell Syenite Intrusion.
► Several samples from the Central syenite and hosting quartz veinlets returned anomalous gold values. One sample in a newly discovered quartz vein returned up to 0.4g/t Au.
► Anomalous gold values from every sample collected from quartz veins, zones of disseminated pyrite and aplitic dikes within the Grey syenite intrusion. All seven (7) samples collected returned assays between 0.018 to 0.187 g/t Au.
2) The delineation of a new EW trending, vertical shear zone cutting through the Powell Syenite Intrusion (the South Fault).
► The structure is defined over a minimum strike length of eight (8) kilometres and is based on one large outcrop and linear topographical features such as creek, lakes and topographic lows.
► Past exploration work on this outcrop has returned channel samples grading up to 0.41 g/t Au and 0.32 g/t Au over one metre.
► The Powell Syenite hematization increases approaching the topographic lows where the structure has been interpreted. The structure is characterized by a coincident low magnetic anomaly.
3) The recognition of an altered and mineralized syenite intrusive suite (Powell, Ezra, Central and Grey syenites).
► An intrusive suite of four (4) syenitic intrusions was observed on the Wydee property.
► The three smaller syenite intrusions in the western part of the property show significant amounts of potassic and hematitic alteration along vein selvages, near their contact and on a number of zones associated with disseminated pyrite.
► Based on magnetic maps, additional syenitic intrusions could exist on the property but could not be verified on the field due to the lack of outcrop.
Young Davidson-Type syenite hosted disseminated/stockwork gold deposits.
Shear Zone hosted disseminated and vein-type gold deposits.
Exploration Strategy for the two targets:
Locate the syenitic intrusions by high resolution magnetic survey and fieldwork.
Locate possible mineralized zones within the intrusions by Induced Polarization and fieldwork.
Follow-up geophysics with geological mapping, exploration, mechanical trenching and geochemical sampling, Drilling.
Only 43 historical Drill Holes were drilled on the Wydee ground for 5,807m in total.
Deepest Hole tested 229m vertical, but the average vertical depth of all drill holes is 92 metres.
20 drill holes are concentrated on the Montrose Showing extensions and a structure north of the Powell Syenite, accounting for 3,751 metres.
The rest of the property was tested with only 23 drill holes for a total of 2,056 metres. Average vertical depth tested is about 90 metres.
A number of historical occurrences are documented on the property. The great majority consist of gold-quartz veins with widths varying from 2 to 70cm. The preferential orientation of the veins is south trending and dipping 45˚-50˚ W or sub-horizontal to shallow-dipping. The orientation of the vein system suggests a vertical extension strain system during emplacement, similar to the one documented at the Young-Davidson Mine.
The property was never explored for disseminated gold deposits.
Historical Drill Intercepts
Exploration drill holes have historically focussed on following-up vein-type surface gold occurrences. The nature of those occurrences with visible gold hosted in quartz veins makes those difficult drilling targets. Nevertheless, intercepts of high-grade gold have been reported, in 1987 an intercept of 67.6 g/t over 70cm, contained in a wider mineralized section of 1.49 g/t gold over 34.75m was reported.
A number of possible felsic intrusions can be interpreted from the magnetic map showing similar geological settings as the Young Davidson deposit. Historical drill hole collars show these possible intrusions have never been drilled. A number of very poorly tested EW-trending and NW-trending structures can also be interpreted.