Weaver options Thunder Bay play

Toronto-based Weaver Lake Explorations (CDN) has optioned a 3,960-acre base metal property in the Garden Lake area, 100 km north of Thunder Bay, Ont.

The property consists of two claim groups, about three kilometres apart. The western claim group (Conick Lake claims) covers 2,160 acres; the eastern group (Mooseland River claims) comprises 1,800 acres.

On the western claims, at least one occurrence of chalcopyrite has been reported in a series of massive sulphide lenses. These have been shown by ground electromagnetic (EM) surveys to extend over a strike length of more than 3,900 ft. Hydrothermal alteration, typical of a volcanogenic massive sulphide system, has also been noted.

Gold mineralization has also been reported from these claims, with grab samples of narrow discontinuous quartz veins in a 35-metre-wide shear zone returning values up to 0.35 oz. gold per ton.

The eastern claims were covered by an airborne geophysical survey in 1991, which outlined several EM anomalies.

The company is seeking funding to explore both properties.

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