Property Geology

Tyranite

The structure is open to the south and at depth.  There is a 5,000-metre drilling program targeting the expansion of high-grade zones.

New Interpretations at Tyranite

3D inversion of a high-resolution magnetic survey allowed us to redefine the geological model at Tyranite by focusing more on ultramafics' contact zones. Historically, Tyranite was mined as a 'fault' style deposit. ORECAP's interpretation focuses on the ultramafic units' contact zones striking at right angles to the fault. Tyranite has never been drilled using this specific model/interpretation.

Minto

Minto is a high-grade breccia pipe, drilled from surface to over 800 metres depth. Minto's historical resource consists of a pod of carbonate sulphide breccias, with ~204,000 tonnes grading 0.2 oz/t (6.9 g/t) to a depth of 229 metres (750 ft). Refer to the note on historical resources on this page.

Notable Drill intersections at Minto include:

  • 18.2 gpt Gold (7.9 gpt if cut to 31.1 gpt) over 65.7 metres and 4.61 gpt Gold (3.5 gpt if cut to 31.1 gpt) over 79.6 in drill hole MC-09-02 
  • 13.3 gpt Gold (11.0 gpt if cut to 31.1 gpt) over 82.5 metres in drill hole MC-09-01 
  • 1.15 gpt Gold over 280 metres, including 5.2 gpt Gold over 3.44 metres, 3.2 gpt Gold over 5.47 and 3.4 gpt Gold over 41 metres in drill hole MC-10-03b 
  • 1.01 gpt Gold over 192.0 metres, including 5.04 gpt Gold over 24.4 metres in drill hole MC-11-11

Duggan

Duggan is located 1.5 km west of Tyranite and hosts similar geology and potential for a high-grade open pit. Previous property owners confirmed historical work and expanded the mineral zone's strike extension to 700 metres and a depth of 410 metres.

Previous drilling on the property yielded near-surface intersections—notably:

  • 2.14 g/t Au over 49.9 metres (1316-08)
  • 2.73 g/t Au over 32 metres (1316-09)
  • 7.23 g/t Au over 6 metres (CD13-03)

Porphyry Lake

Porphyry Lake hosts two gold mineralized porphyry systems with wide, low-grade gold intersections in drilling. Mineralization is consistent with a mineralized porphyry system.  There is potential to eventually develop it into a large, bulk tonnage open pitable deposit. The property also potentially hosts breccia pipes similar to that at Minto, as it is located immediately to the west of Minto and contiguous to Tahoe's Juby north boundary.

Notable intersections include:

  • 1.88 g/t Au over 20.7 metres (PL-3)
  • 1.34 g/t Au over 21.3 metres (PL-04-02)