Liam Property Overview
The Liam Project consists of four mineral claims (656 hectares) located in the central portion of the Rice Lake greenstone belt (Figure 1). This project is located in a historic area of past and producing gold mines (Figure 2). New discoveries are occurring in the region as a result of increased exploration with the use of modern day tools.
Figure: 1 Property postion in greenstone beltRegionally and geologically speaking, most of the gold production in the Bissett area has generally been associated with shear zones in mafic intrusive (gabbro units). Gold is hosted in quartz veins emplaced into the shear zones. The exploration work in the Rice Lake greenstone belt is focused on discovery of shear-hosted gold. Regionally and geologically speaking, most of the gold production in the Bissett area has generally been associated with shear zones in mafic intrusive (gabbro units). Gold is hosted in quartz veins emplaced into shear zones. The exploration work at the Liam project is focused on discovery of these types of shear-hosted gold deposits.
Figure:2 Historic gold mines in the Rice Lake Greenstone Belt
The Liam Project was prospected and explored during the summer of 2008. A preliminary NI 43-101 report was completed on the property with recommendations. Several of the recommendations were carried out which included line-cutting, trenching, magnetic surveys and prospecting. Several areas have been identified as targets for diamond drilling.
It has been noted from surface work that several major shears with high amounts of quartz veins transects the mafic intrusive. This would imply a favorable geological environment for gold deposits. The magnetic geophysical survey outlined several parallel structures in low lying areas which probably represents additional shear zones. Flat lying quartz veins discovered in during prospecting ran 14.86 g/t Au over 1 metre.
The Mirage Gold Showing is located 480 metres (Figure 3) outside and to the north-east of the Liam claims. The showing strikes onto the Liam claims and is hosted in similar geology. The Mirage deposit historically averaged 37.74 g/t Au over 50.97 metres of channel sampling and with very limited drilling.
Figure: 3 Campbell geology map of Liam Project area.
The Phase 1 program of exploration was carried out in 2008. Phase 2, a program of geological mapping and confirmation is planned for the fall of 2009. Phase 3 will consist of a 2000 metre diamond drill program planned for the winter of 2009/2010 to follow up on the similar geology that hosts the adjacent Mirage Showing and following up on prospecting successes of 2008.
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