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Pickle Lake, Ontario: Gold

SNAP SHOT:
Location: Ontario
Ownership: 51% in three properties with option to earn up to 70% and 100% in eight other properties
Commodities: Gold
Latest News: September 13, 2011: Manicouagan Provides an Exploration Update on Its Pickle Lake Gold Properties
Technical Report: NI 43-101 Technical Report on the Pickle Lake Properties


Location, Exploration History, and Mineral Potential

The optioned Pickle Lake gold properties are located in the Pickle Lake Greenstone Belt, part of the prolific Uchi Geological Subprovince having historically produced over 30 million ounces of gold. The Pickle Lake gold properties consist of three non-contiguous claim groups (Pickle Lake East, Kasagiminnis, and Dorothy-Dobie) that collectively cover an area of approximately 7,741 hectares (77.41 square kilometres).

The Pickle Lake area includes four well-known high-grade past producing mines:
  • Golden Patricia (0.45 M oz at 19.9 gpt Au)
  • Dona Lake (0.21 M oz at 8.6 gpt Au)
  • Central Patricia (0.65 M oz at 12.0 gpt Au)
  • Pickle Crow (1.45 M oz at 16.1 gpt Au)

The Pickle Lake East Property adjoins the past producing Pickle Crow Property that is currently being evaluated by PC Gold Inc. The claims were acquired to cover an area believed to host the possible extension of the gold bearing trend that includes the Central Patricia and Pickle Crow Mines.

The Dorothy-Dobie Property covers the northwest extension of the gold bearing structure that hosts the past producing, high-grade, Golden Patricia Mine and includes several gold prospects which contain non NI 43-101 compliant gold resources. Drilling in late 2007 by Trillium North Minerals to test for the extension of the Golden Patricia Vein, returned values including 153.5 grams per tonne gold (4.48 ounce per ton) over a drilled width of 0.43 metres (see Trillium North Minerals Ltd. press release dated December 19, 2007).

Previous work on the Kasagiminnis Property has outlined a gold bearing iron formation with a strike length of over 500 metres. Historical drill results included 19.9 grams per tonne gold over 1.4 metres and 48.0 grams per tonne gold over 1.3 metres from hole KAS-87-6. These results are based on public records and have yet to be verified by a Qualified Person on behalf of Manicouagan.

Eight other properties were acquired by staking and are owned 100% by Manicouagan. These properties cover a total of 54.6 square kilometres.

Project Maps
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Dobie Zone Section 750 NW
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Dobie Long Section
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Dorothy Main Zone Long Section
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Pickle Lake East, IP Resistivity Survey over Favourable Structure
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