The daily press and the public, who usually yawn through both mining reports and government news releases, pricked up their ears at an announcement that kimberlite indicator minerals had been discovered in glacial drift in the Stull Lake area, which straddles the boundary between Manitoba and Ontario.
The announcement, from the Ontario Ministry of Northern Development and Mines, was based on the results of a long-term mapping program in the small greenstone belts of far northwestern Ontario. The work, supervised by Ontario Geological Survey geologist Denver Stone, is the first major regional mapping program in the area since it was mapped by John Satterly and V.B. Meen in the late 1930s. The sudden publicity has served to shine some light on an under-explored area that previously was a modest gold producer.
Just across the Manitoba border, Wolfden also holds the Monument Bay property, where
Noranda defined resources on three mineralized zones. The A zone has a resource of 2.4 million tonnes grading 2.7 grams gold per tonne; the B Zone, 472,000 tonnes grading 15.8 grams; and the C zone, 590,000 tonnes at 9.9 grams. A fourth structure, the D zone, was drilled, but no resource has been calculated.
Wolfden also optioned, from
The property, consisting of a 16-claim lease and 54 staked claims, was bought from a individual vendor, Warren Hunt, to whom the claims had reverted after an earlier holder, Krigold Resources, lost its charter. Hunt retains a 2% net smelter return, which St. Lucie can buy out for $250,000.
Since the end of production, in 1942, there has been only limited work in the area.
St. Lucie plans to test several electromagnetic anomalies, all of which are on easterly striking structures parallel to the productive ore zone. Geochemical surveys from the Krigold-Inco days also indicate possible targets.
AntOro recently closed a $300,000 financing of 1.6 million flow-through shares, 400,000 common shares and 2 million warrants. However, the funds will not go toward work at Lingman; rather, they will be applied to AntOro’s Clairy property in the Lac Frotet belt of northwestern Quebec.
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