Rickard Gold Project

Location

  • The Rickard Gold Project is located in the Abitibi Greenstone Belt, 70km Northeast of Timmins Ontario.

Size

  • 54 single cell mining claims and one multi cell mining claim for a total 1,014 Hectares

Exploration Upside

  • The Rickard is an Archean lode gold developed with significant historical drill intercepts suggesting widespread, locally high grade gold mineralization.

Acquisition

  • Option for 100% for 267,500$ and 1,355,000 shares over 3 years.
  • Including a 3% NSR, option to buy back 2% for $2M CAD.

Infrastructure

  • Close access to power, direct road access, abundant water and a local labor force.

Permitting

  • Existing exploration drilling permits in place for targeting mineralized vein system

Proximal Key Projects

  • 24 kilometers northwest of McEwen Mining’s Black Fox gold mine
  • 70 kilometres northeast of Newmont’s Dome Mine, which ceased production in 2017 after producing over 14.5 million ounces of gold
  • Key neighbors in the region include; Newmont, Kirkland Lake, Moneta Porcupine, Pan American, and Osisko.

Exploration Model

Structure is Key

  • Proven to host high grade gold.
  • Multiple zones in need of follow up work.
  • Major regional structures present including the North Pipestone Break.
  • Major NW – SE trending fault structure related to gold mineralization.
  • Mineralized East-West quartz veining associated with regional scale structure.
  • High grade gold mineralization associated with dilational zones producing ore shoots within quartz veins.

"The Right Address" World famous Archean Greenstone Belt

  • Vertically extensive style of mineralization with ore shoots that go deep.
  • Mineralization in the region hosted in quartz and quartz carbonate veining.
  • Mineralization is commonly concentrated into high grade shoots or chimneys as a result of dilational areas with increased fluid flow.
  • The dilational nature of the project area is also reinforced by presence of multiple phases of intrusions that may be related to a mineralizing event on the property.
  • Additional triggers to gold deposition can be where dilational zones interact with key host rocks triggering precipitation of the gold mineralization.

Phase 1

  • Complete high accuracy survey locating historic mine shaft locations, pits and historic drill holes.
  • Complete preliminary drilling program (fully permitted) to confirm gold mineralization.

Phase 2

  • Follow up with higher density of drilling and test mineralization to greater depths and in adjacent zones.

History of the Rickard Gold Mine

  • Gold was discovered on the Property in 1917.
  • Initial production began in 1918 with little to no resource definition.
  • Mining was based on following veins without drilling off mineralization.
  • Initial shaft was sunk to 100ft and horizontal drifting commenced.
  • Mining continued periodically through to the 1930’s.
  • In 1934 the shaft was extended to 200ft (~60m) and a bulk sample is reported to have produced 725 ounces gold at an unknown grade.
  • The principle operator during the production years was Rickard Gold Mines which later became Rickard Raymore Gold Mines.
  • Production totaled approximately 160 meters of underground development.
  • Subsequent surface drilling has identified multiple zones on the property with elevated gold values.
  • Additional zones on the property include the Ric Zone and the South Porphyry Zone.

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