Camp Scale Potential
The company controls 100% interest in a +/- 200-square-kilometre prospect assembled in the heart of the Porcupine trend in the Lake Abitibi region located just a few kilometres west of the Ontario-Quebec border.
The area was selected for its proximity to the Porcupine-Destor Fault Zone, the presence of nearby gold showings and an interpretation of geophysical maps, which indicate the the presence of structures similar to and parallel with the Porcupine Fault to the south, which in turn contains several gold producers in and near the fault plane.
The Porcupine-Destor Fault Zone is recognized worldwide as a major geological feature extending from west of Timmins, Ontario, well into Québec. Sub-parallel structures here are associated with better than 95 percent of the 70+ million ounces of gold produced in the Porcupine Mining District alone.
The area is underlain by east-west trending rocks of Achaean age within the Abitibi geological province and contains steeply dipping mafic to intermediate volcanic rocks and associated granitic and ultramafic bodies and mafic dykes.
The Holloway Gold Mine and Holt-McDermott deposits occur in Holloway Township near the southeast corner of the Solid Gold property, suggesting evidence of clustering of gold deposits in the area. These modern mines have produced 2,105,665 oz gold with a 3,000-tons-per-day mill facility.
Ground surveys conducted over several areas on the Solid Gold property have identified excellent drill-ready gold targets, and a recently completed 43-101 technical report recommends robust drill testing.
Large gold camps are commonly associated with curvatures, flexures, and dilational jogs along major compressional fault zones, such as the Porcupine-Destor fault in Timmins or the Larder Lake-Cadillac fault in Kirkland Lake which have created dilational zones that allowed migration of hydrothermal fluids (cf. Colvine et al., 1988; Sibson, 1990; Phillips et al., 1996; McCuaig and Kerrich, 1998; Hagemann and Cassidy, 2000; Kerrich et al., 2000; Groves et al., 2003; Goldfarb et al., 2005; Ispolatov et al., 2005; Robert et al., 2005). In terms of geological setting, large gold districts, such as Timmins, are mainly underlain by tholeiitic basalts (commonly variolitic) and ultramafic komatiitic flows that are intruded by intermediate to felsic porphyries, and locally swarms of albitite and/or lamprophyre dykes (cf. Hodgson and MacGeehan, 1982). Irrelevant to their age, Timiskaming-like regional unconformities, distributed along major faults or stratigraphical dis-continuities, are also typical of large gold camps. In terms of hydrothermal alteration, the main characteristic at the district scale is the presence of large-scale iron-carbonate alteration, the width of which gives some indication as to the size of the hydrothermal system(s) (e.g. Timmins). Protracted magmatic activity with synvolcanic and syn- to late tectonic intrusions emplaced along structural discontinuities (e.g. Destor-Porcupine Fault) may also be highly significant. In many cases, U-Pb dating of intrusive rocks indicates that they are older than gold mineralization, in which case these rocks may have provided a competent structural trap or induced anisotropy in the layered stratigraphy that influenced and partitioned the strain. In other cases, the intrusive rocks are post-mineralization. However, the possibility remains that the thermal energy provided by some intrusions contributed to large-scale and long-lived hydrothermal fluid circulation
Interpreted geophysical ground surveys suggest potential for two additional large-scale fault structures roughly parallel to the North Branch continuation of the Porcupine-Destor Fault located to the south. Drill targets have been identified for testing.
Geophysical ground surveys confirm the position of the North Branch of the Porcupine-Destor Fault Zone, and interpretation of the data identifies potential for a previously unknown splay fault, multiple alteration zones as well as a promising 'Orbicular Granitic Intrusion', similar to the rich Timmins ore bodies. Drill targets have been identified for testing.
Two historical diamond drill holes put down approximately 750 metres apart in the area of south grid ground survey returned anomalous assays in what is reported as an alteration zone of carbonatization and sericitization in hole LR-87-1 returning an averaged assay of 73 ppb over 3.99 metres and in hole LR-87-5, in the same alteration zone, reporting 63 ppb over 0.92 metre.
Approximately 1.5 kilometres south is a series of seven holes, drilled as part of an overburden sampling program covering 600 metres laterally, returning values up to 31.0 gpt gold. A recognized expert concluded that this anomaly appears to represent a placer gold occurrence in interglacial alluvial gravels.
Follow up on geophysical, geological, remote sensing and other work to better define the potential within Solid Gold's extensive property holdings.