Opikeigen Lake Gold

SLAM and Emerge Ventures Ltd. are joint partners (50/50) in the Opikeigen Lake Gold Property, 10 km northwest of Fort Hope, Ontario with access by air from Thunder Bay or Nakina. The Opikeigen Lake property consists of 38 claims covering 4,144 hectares underlain by volcanic and sedimentary rocks. High grade gold mineralization in Zone 12 is associated with quartz veining in sheared and altered mafic volcanics in contact with sediments. Previous workers reported high grade gold intercepts as detailed in the following table:

 

*Opikeigen Lake Zone 12: Selected Gold Intervals
Hole From (m) To (m) Width (m) Au (g/tonne)
OL-88-46 124.1 124.9 0.8 8.91
143.1 143.3 0.2 12.76
143.3 143.4 0.1 113.87
143.6 143.8 0.2 49.66
OL-89-49 22 23.5 1.5 4.44
225.8 226.4 0.6 11.5
226.4 226.8 0.4 32.59
OL-89-50 50.5 51 0.5 2.06
55.6 56.1 0.5 1.08
234.9 235.9 1 1.05
248.8 251.5 2.7 1.47

 

*Assay results from an independent qualifying geological report by Peter E. Fox, Ph.D., P. Eng., dated 15 January 1999 and revised on 18 October 1999, entitled “Report on the Opikeigen Lake Project – Fort Hope Area, Ontario”.

Zone 12 lies at the center of a gold mineralized system that controls three other gold occurrences on the property. These occurrences include the historic Fort Hope Gold Mine (FHGM) to the south, Zone 29 to the north and Zone 41 located 700 metres to the east. Previous workers explored the Fort Hope Gold Mine with a shaft and underground drift at the 100 foot level. They reported removal of a bulk sample that returned an assay of 8.8 oz / ton. A prospecting program was completed in fall 2007. Assays are pending from 15 samples of mineralized wallrock and vein material collected from rubble heaps near the FHGM shaft and from nearby trench rubble. SLAM and previous JV partner, Bard Ventures Ltd., completed a drilling program in 2008 to test the depth extent of gold-bearing zone OL12 and the Fort Hope Gold Mine.

SLAM and Emerge (formerly “Beatrix”) completed 4 diamond drill holes totaling 1149 m in June 2010.

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