The junior acquired a full interest in the 2,198-ha property, named Argyle, by assembling five contiguous claim groups consisting of 49 claims and one mining lease along the Larder Lake-Cadillac break.
Patrician President Robin Dow says the purchase required small cash payments, stock disbursements totalling roughly 500,000 shares, and royalties averaging about 1% which can be bought back inexpensively.
Patrician will target the steeply dipping Galer Lake fault, which splays off the Larder Lake-Cadillac break. Trench work by Patrician and others indicates significant gold mineralization in the Galer Lake fault over a distance of at least 6 km.
Another area of interest is the Garvey veins, a series of thin, shallowly dipping, sulphide-bearing quartz veins 2 km north of the Galer Lake fault.
Patrician intends to re-establish a grid on the property and complete an induced-polarization survey. This will be followed by trenching, geological mapping and the selection of drill targets.
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