Location
Red Lake Mining Division, Northwestern Ontario; 115 km northeast of Red Lake, Ontario
Property
This property has been optioned to continuum resources. Six contiguous unpatented mining claims (75 units) covering 1,200 hectares, containing a 700,000 tonne gold resource grading 0.20 oz/ton.
Regional Geology
Red Lake-Richardson Lake Greenstone Belt. The past producing Argosy gold mine and the Kostynuk Brothers' gold mine are located on the adjacent properties. The Argosy mine produced 100,000 ounces of gold at an average grade of 0.37 oz/ton (12.7g/t Au). The Kostynuk Brothers' mine produced 1,000 ounces of gold at an average grade of 1.77 oz/ton (60g/t Au) and reports a mineral resource of 700,000 tonnes averaging 6.8 g/t Au.
Historical Exploration
The Richardson Lake Zone, a gold bearing sulphide-rich chert breccia, has been traced on the Property for approximately 1km along the north shore of Richardson Lake and is the western continuation of the Kostynuk Brothers' mine sequence exposed on the Kostynuk patented claim. The Kostynuk shaft is 20 m east of the Property boundary. The eastern continuation of the mine sequence is folded and trends southerly across the Kostynuk claim onto the Property under the water of Richardson Lake. Representative samples along this gold bearing trend range from 1.37 g/t Au to 23.3 g/t Au over widths of 0.27 m to 1.6 m.
The Argosy North Zone consists of a northerly striking and westerly dipping gold bearing quartz-vein zone, 600 m northwest of the Argosy mine. This vein-zone is thought to be the northern continuation of the gold bearing quartz veins mined at the Argosy mine.
The Argosy East Zone is defined by a gold geochemical anomaly, 100 m southeast of the Argosy Mine #1 Vein.
The Burnt Lake Zone consists of a northerly striking and westerly dipping gold bearing quartz vein-zone, 800 m east of the Argosy Mine #1 Vein. The geology, style of mineralization and gold concentration of the Burnt Lake Zone is very similar to that of the Argosy mine.
The Penson Lake Zone is located 5 km southeast of the Argosy mine and is hosted by a heavily pyritized iron formation. Selected grab samples by the OGS returned gold values ranging from 4.4 g/t to 13.4 g/t Au. The geology of this occurrence is similar to Placer's Musselwhite gold deposit.
Tribute believes that these gold bearing zones have excellent resource potential.
Maps
coming soon
Other Category
The property is contiguous to the past producing Argosy and Kostynuk gold mine properties. At the Argosy mine, approximately 100,000 ounces of gold were produced at an average grade of 0.368 oz/ton. The gold bearing zones on these properties are on geologic trend with gold occurrences of similar grade on the Richardson Lake property. A recently completed helicopter equipped airborne magnetometer and electromagnetic survey further defined the known gold bearing zones and identified several new potentially gold bearing structures on the property.
