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Nestor Falls Phillips Township Gold Project

QUALIFYING PROPERTY

1. Nestor Falls Phillips Township Property

The Company holds a 100% interest in the Nestor Falls Phillips Township (Qualifying Property) Gold Project , Kenora Mining Division, Rainy River Area. N.W. Ontario with a land package totalling 225 claim cells for approx. 10,000 acres or (4,209) hectares (ha) located in proximity to 4 mineral deposits. These include the New Gold Rainy River Mine (+8 million Oz. gold), the Cameron Lake Deposit (1.8 million Oz. gold), the Agnico Eagle-Hammond Reef deposit (3 million oz. open pit) and the Tartisan Nickel, Copper, Cobalt Deposit which is set to go to production in 2024.

Property Location

This Nestor Falls Phillips Township property is located in the Kenora Mining Division some 13.0 to 20.0 km north of the town of Nestor Falls, ON along Provincial Highway #71, on NTS map sheet 52E/01 NE.

Access

The Project is located some 13.0 to 20.0 kilometres north of Nestor Falls, Ontario and access is by the all-weather paved Trans Canada Highway (Hwy #71) which runs through the centre of Property in a north-south direction. Highway #71 is accessed by the Trans Canada Highway #17 in the north from Winnipeg-Kenora-Sioux Narrows route east and south which is 324 km or by Trans-Canada Highway #1 in the south from Thunder Bay-Fort Frances-Emo-Rainy River route which is 460 km. A major power line also crosses the property in a north-south direction. Good local infrastructure, manpower, heavy duty equipment, hospital and local services are also nearby.

History

Gold was first discovered on this property during the 1894 gold rush and first worked on and off until 1905. It is comprised of eight (8) separate mineralized showings with five having seen most of the work. They are the Combined Mine, the Mascotte Mine, the Trojan Mine, the Boulder Occurrence and the Young’s Bay Occurrence. Three new gold discoveries were made in 1970’s and in 1999 namely the OGS, Terrell and Kuluk gold showings respectively.

All eight (8) of the occurrences have been defined by surface sampling. Shafts and/or adits and trenches are present on five (5) and only two were drilled. Visible gold within the quartz veins was recorded historically from the Combined, Mascotte, Boulder and Young’s Bay Gold Occurrences.

It is the first time that all these gold occurrences are part of a single property and therefore a more comprehensive and systematic exploration programme using modern exploration techniques will now be possible.

Exploration History

Five historical gold occurrences are located on the Property optioned by Golden Rapture Mining Corporation, consisting of the Combined Gold Occurrence, the Mascotte Gold Occurrence, the Trojan Gold Occurrence, the Boulder Gold Occurrence, and the Young’s Bay Occurrence. Gold was discovered in the area in the late 1890’s to early 1900’s (1894-1905). Three (3) new discoveries were made in the period 1970 to 1999, namely the OGS Gold Occurrence, the Terrell Gold Occurrence and the Kuluk Gold Occurrence. Exploration has been sporadic since the first gold discovery in 1894 with only two phases of exploration until the current 2022 exploration by Golden Rapture Mining Corporation.

Phase I: 1894-1905 when exploration consisted of shafts and/or lateral working or surface trenching on all four of the gold-bearing occurrences namely, the Combined, the Mascotte, the Trojan and the Boulder.

Phase II: 1980-2017 sporadic exploration focused on the immediate areas of the known five historical gold occurrences including the Young’s Bay occurrence with work consisting of prospecting, line cutting, basal till sampling, ground and airborne geophysics (electromagnetics and magnetics), limited geological mapping, and trenching. Diamond drilling of thirty-three holes was carried out in 1984, 1986 and 2017 on the Combined and Terrell Occurrences.

Exploration highlights included processing of a 33.7 tonne sample from Shaft#1 at the Combined Occurrence in 1904 which averaged a head grade of 10.31 g/t gold from the flat lying quartz vein (one of four veins, one flat lying, three steeply dipping). In 1949 a 7.26 tonne of high-grade material from Vein #1, one of six quartz veins, four with visible gold, from the Young’s Bay Gold Occurrence, was processed yielding 192.0 ounces of gold (grade of 750.00 g/t).

Visible gold within the quartz veins was recorded historically from the Combined, Mascotte, Boulder and Young’s Bay Gold Occurrences. The Authors in the 2022 site visit also confirmed visible gold in drill core from the Combined Occurrence and in a quartz vein sample from the Young’s Bay occurrence.

Over sixteen hundred (1,615.86) metres of diamond drilling in thirty-three (33) holes, was conducted on the Combined/Terrell Gold Occurrences that intersected the flat lying vein and a number of steeply dipping veins in thirty-one (31) of the thirty-three (33) holes, with several holes intersecting visible gold associated with the flat-lying quartz vein and one of the steeply dipping veins. All holes were less than 100m vertical depth and drill intersected quartz vein thickness (true thickness unknown) ranged from 0.24 m to 11.95m. Gold mineralization was encountered in twenty eight (28) of the holes with the best gold results from the drilling recorded in drill hole Van 17-01 where 63.8 g/t gold over 1 metre in a steeply dipping quartz vein and 18.87 g/t gold over 3.5 metres in the flat lying vein was recorded with gold values increasing to the north, associated with strong alteration.

Geology

The Nestor Falls Project Property is located in the Western Wabigoon subprovince within the Superior Province and mostly composed of 2745-2710 Ma mafic to felsic volcanic rocks. The geology of the property herein is based on the geological mapping by the OGS, work done by Dominion Explorers (1984), Wasabi Resources Ltd. (1984-85), and reinterpretation of the airborne Geophysics produced from an airborne survey carried out by Dominion Explorers and Terraquest Surveys in 1986.

The property is underlain mainly by mafic metavolcanics of the Snake Bay Group, a series of mafic to felsic metavolcanic sequences of mainly massive to pillowed basalts and andesitic flows. Inter-layered within these are, felsic tuffs, tuff-wackes and arkosic tuff-wackes intruded by several large and small batholith’s granite intrusions, the Aulneau Batholith, a hornblende granodiorite occurring on the western border of the property, its contact exposed on the peninsula between Whitefish and Atikamanike Bay. ‘This is a major contact zone, and some of the rocks displaying inclusions or are hybridized. The contact strikes northeast over the property. South of this contact, and representing the majority of the rocks, are amphibolites, and massive or pillowed basalts.

Contact metamorphism has produced a well-defined northeast foliation in the amphibolites, with steep to vertical dip’ (Harvey 2000). Approximately 1 to 1.5 kilometres to the south east from the granite contact at Atikamanike Bay is the northern contact of the Robinson Lake granite stock (Archibald, 2017, p14).

The mafic volcanics on the property are also intruded by numerous late-stage gabbro’s, quartzdiorites, quartz-feldspar porphyry and mafic dykes. The western contact of the Kakagi Lake Group occurs on part of the eastern/south eastern Property Boundary and is comprised of intermediate to felsic tholeiitic to calc-alkaline volcaniclastic sequence with felsic porphyry dikes common particularly within the peripheral basic volcanic rocks.

Mineralization

Ore deposits in the Rainy River-Kenora area comprise the following:

1) Intrusive magmatic sulphide Ni-Cu – (Kenbridge deposit)

2) Auriferous volcanogenic massive-sulphides (VMS) – (Rainy River deposit)

3) Orogenic gold – lode gold (Cameron Lake, Dogpaw deposits)

The gold-bearing quartz vein systems are steeply dipping and flat-lying and the majority of the gold bearing vein systems have parallel systems. The quartz is generally white to grey-blue in colour and can be coarse quartz to sugary textured quartz.

In the case of the Young’s Bay occurrence there are at least six parallel quartz veins four of which have visible gold and are associated with pyritized carbonatized zones which occur along east-west shearing and gabbro-mafic volcanic or felsic-mafic volcanic unit contacts;

for the Trojan occurrence there are seven sub-parallel quartz veins on the hilltops ranging from 0.5m wide up to 3.6 metres trending north-south with vein #3 between 230 metres and 275 metres in length were outlined;

for the Boulder occurrence there are two parallel veins; the Mascotte occurrence has four veins;

for the Terrell three to five veins are reported and for the Combined, four veins (three steeply dipping and one (1) flat lying) are present with at least three (3) directions for the veins with a number of drill intersected brecciated quartz in the flat lying vein . A single vein is reported for both the OGS and Kuluk occurrences.

A majority of the gold-bearing quartz vein systems are associated with sheared or faulted mafic metavolcanics (basalts) that are generally in contact with quartz diorites / granites, gabbro’s, felsic metavolcanics (tuffs), gabbro intrusives, diabase, quartz feldspar porphyries, and quartz porphyries. The gabbro and porphyry units have been observed as both dykes and sills. Sulphides are generally less than 1.5% pyrite with minor chalcopyrite, sphalerite and marcasite. Alteration consists of chlorite, fuchsite, biotite, sericite, albite, ankerite and tourmaline with zones of silicification documented from the diamond drilling.

Exploration Data Collation

The 2022 reconnaissance sampling programme was positive in that a number of samples returned high gold values and visible gold was observed in areas where it was previously described confirming previous historic exploration results. The review of assessment reports by the Authors revealed a pattern of exploration whereby only individual occurrences and their immediate vicinity were explored while collation of data appeared to be lacking.

Geological mapping and ground geophysics were the only activities of any scale and these did not cover more than five (5) square kilometres by any entity apart from OGS airborne geophysical surveys and geological mapping over the forty-two (42) square kilometre Property. The results of the 2022 exploration programme were integrated with selected results of previous historic data to generate a series of maps/images plotted on Google Earth to assist in developing future recommendations for the Property and assist in delineating target areas for exploration.

The Property gold occurrences plot on the margins of magnetic highs on total magnetic field maps (Raoul 2012) apart from the Young’s Bay occurrence which is located in an area of high magnetics and is clearly illustrated in Figure below. It is evident from this figure that the Property maybe subdivided into

three zones divided by major interpreted NW-SE faults where six (6) of the eight occurrences are in close proximity of these structures.

Interpretation

Interpretation of the data was made by reviewing the assessment files/reports and plotting different historic and 2022 data onto Google Earth with special emphasis on structures relationships to the historical gold occurrences.

There is a general regional trend which most of the gold-bearing occurrences adjacent and within the area are associated with, namely, gold-bearing corridors that are shear and/or fault related with synclinal and anticlinal systems which are tied into the north west-south east trending Cameron Pipestone Fault (CPF) and within fault splays on both sides of the Cameron-Pipestone Fault.

Two of the faults including the Emm Bay fault splays off the CPF westwards and are mapped terminating on the Property against a NW-SE fault where the Emm syncline a prominent belt-scale fold which

controls the bedrock pattern in the south-west side of the Pipestone-Cameron fault zone is also present with another shorter syncline located 1km to 1.5 km to the north.

This NW-SE fault is one of three faults paralleling the CPF on the Property which effectively divides the Property into three zones, the Northern, Central and Southern which also equate with minor differences in the geology, geophysics and structure. Six of the eight gold occurrences plus the Bully Boy are located within 500 metres of two of the NW-SE faults and are also associated with other faulting/shearing and various mafic and felsic intrusives on a local scale.

Gold mineralization on the property is of the style of Archean orogenic gold deposits structurally controlled vein (lode gold) and/or shear-margin deposits emplaced epigenetically in the Snake Lake Group volcanics and possibly the Kakagi Lake volcanics (Young’s Bay Gold Occurrence). Significant gold results are reported for seven of the eight gold occurrences with visible gold reported from four of them though gold values tend to be erratic.

All occurrences report steeply dipping quartz veins (<5m thick) occurring on the sides of magnetic highs while a flat lying gold bearing quartz vein (up to 11.95m thick) was the target for historical work and shallow drilling at the Combined Gold Occurrence where the best gold grades are associated with areas of strong alteration and drilling suggests the possible presence of a stacked vein system.

The data from the Combined occurrence indicates a NE-SW trend for alteration, gold mineralization, massive sulphides and vein thickness. The flat lying quartz vein thickens to the west and northwards reaching a maximum thickness of 12.95m in DDH V-17-01.

The massive sulphides are parallel to the EM anomalies thus indicating a possible association between the EM conductors and massive sulphides which lie below the vein. Archibald (2017) noted from the 2017 drilling that in holes Van 17- 01 and Van 17-08, in the north and on strike from one of the EM conductors that ‘two distinct alteration zones appear to be en-echelon, stacked and gently dipping to the north west’. The abundance of EM conductors, equidistant and parallel north west of the Combined occurrence may be indicative of stacked alteration zones with massive sulphides, again they are parallel to the main zone of alteration which is open to the northeast.

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