Junior Tri Origin Exploration (TOE-T) has acquired the Caribou property in northwestern Ontario and plans to begin exploring for gold there in the coming months.
Situated in the North Caribou Lake greenstone belt, the property is 160 km northwest of Pickle Lake and 50 km northwest of the Musselwhite mine of
Placer Dome and TVX Gold. That operation contains a gold reserve of 2 million oz.
“The North Caribou greenstone belt is at an early stage of exploration, but has considerable proven mineral endowment at Musselwhite and a great variety of metal occurrences and undeveloped prospects,” says Tri Origin spokesman Catherine Hill. “Hence, the Caribou property provides Tri Origin with a strategic, low-cost asset in a very prospective geologic environment.” Two portions of the property will be explored.
The first is a 6.5-km-long segment of the regionally extensive North Caribou River fault, which has been traced to Musselwhite in the southeast and is analogous to the Cadillac-Larder Lake and Destor-Porcupine breaks in the Abitibi greenstone belt.
In the late 1980s, a 2.5-km-long segment of the fault was subjected to drilling. Highlights included 5.1 grams gold per tonne over 1.5 metres and 3.1 grams over 8.2 metres. The gold was found to be concentrated mainly in an iron formation.
The second portion is in the north, where, in the 1970s, four drill holes revealed chert-pyrite-pyrrhotite and massive-sulphide breccia on the edge of a quartz-eye rhyolite dome.
The rocks contain minor concentrations of copper, zinc and gold, and underscore the potential for massive-sulphide-type metal concentrations on the property. In the same area are several strong airborne electromagnetic anomalies that have yet to be tested by drilling.
Plans for the current year include completing ground magnetometer and electromagnetic surveys, as well as basal-till sampling for gold down-ice of geophysical anomalies. Drilling will follow.
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