Glenhaven Ventures (GHM-V) and Fronteer Development Group (YFV-V) have completed an exploration program on the Birch Lake project about 100 km northeast of the Red Lake mining camp in northwestern Ontario.
During September and October, 48 rock samples and 207 soil samples were collected from three copper-gold showings on the 13.3-sq.-km Swain East property. Rock samples returned up to 18.6 grams gold per tonne and 3.9% copper. The property is underlain by Archean felsic to mafic volcanic rocks. The North and South showings lie situated within a broad zone of intense chlorite and quartz-sericite-pyrite alteration. The Beaver Pond showing is characterized by semi-massive to massive chalcopyrite-pyrite mineralization in the interstices of bleached, highly altered mafic volcanic pillows.
The partners plan further geophysical surveying, mapping, prospecting, rock and soil sampling to follow up on several narrow, east-west running, copper-gold soil anomalies up to 800 metres long.
Grab sampling on the 10.2-sq.-km Mink Lake property returned up to 35.6 grams gold, with gold values typically between 1 and 5 grams gold. Soil sampling suggests that the vein system may continue to the northwest. Additional soil sampling, detailed rock channel sampling and ground geophysics is planned. Drilling will follow. The Mink property is host to a 20-metre wide corridor of quartz-carbonate veining with a strike length of at least 2.8 km.
Mapping on the 7.2-sq.-km Grace Lake property failed to turn up the source of a coincident magnetic and conductivity anomaly on which the property is centred. Follow-up ground geophysics and modeling are planned in preparation of a drill program.
Preliminary exploration on two other properties failed to return significant results.
Under the terms of an option deal, Glenhaven must spend $250,000 on the properties by April of 2003. Glenhaven must also pay Fronteer $10,000 in cash and issue 100,000 shares.
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