Click to view St. Anthony 43-101 report.
Pacific Iron Ore's 8,816 hectare (51 mining claims) St. Anthony property includes the St. Anthony mine - historically the largest gold producing mine in Ontario's Kenora - Patricia Mining Division. The St. Anthony claim group is located along the eastern shore of the north arm of Sturgeon Lake within the Sturgeon Lake Greenstone Belt. The Corporation's St. Anthony property is principally a gold, silver and copper prospect, with some minor deposits of lead and zinc prospects.
The past milled production from the St. Anthony mine's No. 1 Quartz Vein was 63,310 oz of gold and 16,341 oz of silver. The zone was mined over a distance of 244 metres to a depth of 229 metres. Mining widths varied from 2 metres to 8 metres. Additional zones in the St. Anthony mine with the potential for high-grade ore have been identified at depths between 229 and 305 metres.
The No. 2 Quartz Veinand Diorite zones, which parallel the No. 1 Quartz Vein, are near the St. Anthony mine to the west. These zones are located in a highly altered, intrusive granitic stock exhibiting pervasive sericite and carbonate development. The stock is latticed with at least two generations of white- and grey-quartz veinlets and stringers. The gold in the quartz veins is associated with sphalerite (zinc), chalcopyrite (copper), galena (lead), pyrite and pyrrhotite.
The Dawson-White is the second gold mining operation located on the Corporation's property. It is 4.5 km northeast of the St. Anthony mine. The operation milled 225 tons of material assaying 0.84 oz of Au/ton. There is significant potential for gold discoveries in the area around this mine site.
There are five additional gold prospects within the St. Anthony property:
- The West Couture Lake (Camp Vein), an exposed 1-metre wide quartz vein that assayed from 1.0 to 1.3 oz Au/ton.
- The St. Anthony South occurrence. A 1-metre, drill-core section taken at a depth of 69 metres assayed 0.046 oz Au/ton from a quartz-sericite-carbonate-clay altered granodiorite zone.
- The Morgan Island showing is a 30-metre wide carbonate replacement zone in a felsic to mafic rock assemblage intruded by gabbro-diorite and quartz porphyries. Galena and copper is reported along the contacts. Some sections of the structure are anomalous with one assay of 0.13 oz Au/ton.
- The McEdwards Lake Prospect has gold showings in quartz veins associated with carbonated-pyritic-porphyry dykes in an 183-metre long by 7-metre wide zone. Reported surface assays range from trace to 15 oz Au/ton.
- The Magee Lake prospect is a showing of three large, gold-bearing quartz veins with widths of 1- to 2-metres wide by 183- to 305-metres long, plus some smaller veins. The veins are hosted in sheared, silicified and carbonated mafic metavolcanics that are cut by quartz-porphyry dykes. Assays done in spring 2008 from newly exposed quartz veins in this area returned 0.88, 2.76 and 0.92 oz Au/ton.
Pacific Iron Ore does not intend to undertake any significant activities in this area prior to completing a detailed 43-101 evaluation in 2009.
Pacific Iron Ore’s 752 hectare (3 mining claims and 14 leases) Best/King Bay property is located in the Patricia Mining Division of Ontario. The claims straddle the northern most portion of King Bay, a western bay of Sturgeon Lake, including areas to the north and west. This property is contiguous to the Corporation’s St. Anthony Property, about 10 km southwest of the mine site.
There are prospects on Pacific Iron Ore’s Best property:
- The Copper Lake - South showing had three drill-hole core assays of 0.396 oz Au/ton over 1 metres, 4 meters of 0.29 oz Au/ton and 4 metres of 0.17 oz Au/ton. The drill sections contained blue-grey quartz veins in a highly altered zone containing fuchsite, chlorite, calcite, sulphides, rare visible gold and later white-quartz veining.
- Pat Lake is a gold showing. Additional mineral content analysis is needed.
- The Ryan - Lundberg East prospect is a carbonated zone. A drill assay of a blue-quartz vein on the claim produced 0.054 oz Au/ton across 0.3 metres.
- The Ryan - Lundberg West showing contains the highest core assay of 0.08 oz Au/ton over 0.79 metres at a depth of 83 metres. The Lundberg West showing is believed to be an extension of the Lundberg East showing. Its strike length is 488 metres.
- The Mac-Read prospect is an exposure 29 metres long by 0.6 to 1.0 metre-wide. Its easterly striking, blue-quartz vein assayed 0.46 oz Au/ton with a 14 metre section returning 1.1 oz Au/ton from chip sampling.
- The Armstrong - Best showing was discovered by drilling and later exposed. This zone's drill assays run from 0.02 to 0.08 oz Au/ton over widths of 0.2 to 0.85 metres. Several of the holes drilled in the area produced more than 1 oz Au/ton.
The Mac-Read and Armstrong – Best properties are geologically similar. Their blue-to-black quartz veins are located in carbonated-silica-replaced zones in pillowed to massive mafic to basaltic metavolcanics. The veins are mineralized by 2 to 40 percent pyrite, pyrrhotite, chalcopyrite, galena and visible gold in a gangue of ankerite, calcite and sericitic-quartz porphyry fragments.
- The Leith Creek - East showing was discovered by drilling. A 0.55 metre core section from a 5 metre carbonated arkosic sediment assayed 0.022 oz Au/ton.
- The Leith Creek - West occurrence was also discovered by drilling. The quartz veins returned assays of 0.703 oz/ton over 0.03 metre and 0.03 oz Au/ton over 0.5 metre.
- The Porphyry Zone (King Bay) was another drill discovery. The holes intersected a wide zone of carbonate alteration in porphyry with disseminated pyrite and pyrrhotite. Core assays ranged from 0.02 to 0.12 oz Au/ton.
- The Pistol Lake occurrence is a highly anomalous gold area. Two test holes returned 0.030 oz Au/ton over 0.5 metres and 0.041 oz Au/ton over 1.1 metre.
- The Gold Boulder Zone is named after a large gold-bearing glacial boulder train found on the south shore of King Bay. Based on geological mapping, the parent source of these boulders is projected to be found in the lake or inland of the north shore of the Bay. Boulders found on the property assayed up to 15.1 oz Au/ton.
The Corporation was defining targets with the potential for hosting gold in 2008 and 2009. The Best/ King Bay property’s three target areas follow easterly trending bedding plains with airborne magnetic - electromagnetic responses associated with known gold occurrences from the Armstrong – Best showings to the north. The strike length of these favourable targets is approximately 4 to 6 km.
A fourth target is located along the synclinal-fold axis at the west end of King Bay. Pistol Lake is the fifth area of exploration interest with reported anomalous gold values up to 1,000 ppb. Pacific Iron Ore’s sixth target area is located east and inland north of the Bay zone, a possible source of the gold-bearing boulders found to the southwest.
The 256 hectare (1 mining claim) Witch Bay claim is located about 20 km to the southeast of Kenora, Ontario, in a prolific metal producing region. The claim is recorded in the Kenora Mining Division. The property houses the Witch Bay Mine, which has the potential for significant discoveries of gold and copper. The Ontario government reported assays of 8.2 to 29.5 g Au/ton from a quartz vein that is 0.33-metres wide and over 240 metres in length.
The Witch Bay claim includes the Lavender Lake Copper Occurrence to the east. The area geology is characterized by northeast trending ultramafic to mafic sills. This property is a magmatic-sulphide occurrence, indicating the prospect of copper and nickel within its differentiated sills and gold within its silicified shears. The geological environment is suitable for hosting PGE’s of platinum and palladium.
A large tremolite body approximately 5 to 10 metres wide with a minimum exposed length of 200 metres is located on the Witch Bay property near Lavender Lake. This tremolite unit has significant potential value as decorative or carving stone.
Very little activity has been conducted in the area. Pacific Iron Ore re-staked the Witch Bay claim in early 2008. The Corporation does not have any exploration plans for the near future.
Pacific Iron Ore’s 1,152 (6 mining claims) hectare property at Scarp Lake is prospective for copper, gold and silver. The claim is located 25 km southwest of the Village of Eagle Lake, Ontario. The Scarp Lake copper showing is a 10- by 30-metre exposure within the Higbee Lake granodiorite intrusive complex. The showing is highly gossaned with malachite and azurite (copper) staining.
Surface grab-sample analysis determined copper assays ranged from 4.38 to 7.68 percent, gold 1.0 to 1.87 ppm and silver 46.0 to 60.0 ppm. Drill core, after weighted averaging, was 0.72 percent copper over a core length of 27 metres for holes SL-01 through hole SL-04. These holes also had 52 metres of sulphide mineralization with a core length of 1.0 metre assaying 0.79 percent copper.
The Corporation’s exploration work up to 2008 has consisted of an airborne magnetic - electromagnetic geophysical survey of the property .The Scarp Lake showing coincides with an airborne magnetic-low anomaly with a strike length of approximately 1.8 km.
The copper-gold bearing zone is a hydrothermal body with no obvious shear structure and the contact with the host granodiorite is gradational. Exploration work for 2008 and 2009 is expected to be limited.