Gold
Fremont
The California Mother Lode Gold Belt – one of the most prolific gold belts in the world – is estimated to have produced 50 million oz of gold throughout history. Its famed mineral deposits attracted interest and investments to the region since the Gold Rush of the 1840s.
The Fremont Project consists of 100% owned 3,351 acres of land within the Gold Belt. It contains a rich deposit at the Pine-Tree Josephine Zone, which extends 800m and is open at strike and at depth, as well as five additional mineralized deposit zones.
Dingman Project
The Dingman property is located on the boundary between Madoc and Marmora Townships in Hastings County, southeastern Ontario, approximately 175 km northeast of Toronto, Ontario, and 55 km north of Belleville, Ontario.
Gold mineralization on the Dingman property occurs as a hydrothermal quartz-carbonate vein gold system. This type of gold deposit consists of simple to complex quartz-carbonate vein systems associated with shear zones and folds in deformed and metamorphosed volcanic, sedimentary, and granitoid rocks. Gold occurs in veins or as disseminations in adjacent altered wall rocks.
An Advanced Western US Gold Explorer and Developer
Attractive Exploration Upside
- 100% ownership of 3,351 acres of private land
- Mineralization open along strike and at depth
Significant Initial Resource
- Initial NI 43-101 resource: 879,000 oz grading 1.6 g/t gold
- Multiple mineralized structures additionally identified
Upcoming Catalysts
- 10,000m resource expansion drill program in progress
- Second NI 43-101 resource expected in Q2 2020
Mining District & Well-Developed Infrastructure
- 3,351 acres in historic Mother Lode belt
- 100% ownership of private land package
- Property encompasses 4km out of a total 200km strike of the Mother Lode gold belt
- Excellent infrastructure
- Paved highway access
- Electric substation on property
- 14 miles from town of Mariposa
- Good accessibility to water
- Private well on-site; access to two others
- Nearby Merced River is an excellent source of water for potential mining operation
Significant Resource – Mineralization Open Along Strike
Resource Estimate (Oct. 2016)
|
Tonnes |
Au (g/t) |
Oz Au |
|
|
Indicated Resource |
9,362,000 |
1.71 |
515,000 |
|
Inferred Resource |
7,850,000 |
1.44 |
364,000 |
|
Total Open Pit |
17,212,000 |
1.60 |
879,000 |
- Mineral Resources were estimated by a Qualified Person (QP) working for Roscoe Postle Associates
- CIM definitions were followed for Mineral Resource classification
- Mineral Resources are estimated at a cut-off grade of 0.5 g/t Au
- Mineral Resources are estimated using a gold price of US$1,400/oz
- Mineral Resources are constrained by a Whittle pit shell
- Mineral Resources estimated for Pine Tree-Josephine zone only
- Current Mineral Resource covers ~800m of the 4km strike of the Mother Lode shear zone
- 162 drill holes used in the resource estimate totaling 25,970m
- 49 diamond drill holes totaling 9,630m
- 113 reverse circulation drill holes totaling 16,340m
Extensive Historical Mining – Mineralization Open at Depth
|
Mining Level |
Tonnes |
Au (g/t) |
Oz Au |
|
Pine Tree Adit |
45,378 |
5.14 |
7,503 |
|
150 ft Level |
55,326 |
6.17 |
10,977 |
|
270 ft Level |
27,684 |
4.80 |
4,272 |
|
430 ft Level |
27,838 |
6.17 |
5,523 |
|
550 ft Level |
21,795 |
6.51 |
4,565 |
|
700 ft Level |
14,200 |
5.83 |
2,661 |
|
850 ft Level |
17,653 |
5.83 |
3,308 |
|
1,150 ft Level |
7,542 |
7.20 |
1,746 |
|
Josephine Adit |
5,788 |
10.97 |
2,042 |
- Current resource depth is ~225m below surface
- Mineralization is open at depth as evidenced by extensive historical underground mine workings
5 Material New Mineralized Zones Discovered
Assays from Surface Samples
|
Sample |
Length |
Grade |
Target |
|
|
ID # |
(Feet) |
Au (oz/t) |
Au (g/t) |
Area |
|
149052 |
1.0 |
0.96 |
32.81 |
Golden Slope |
|
148216 |
0.7 |
0.60 |
20.67 |
Golden Slope |
|
149099 |
1.5 |
0.47 |
16.15 |
Golden Slope |
|
149051 |
1.5 |
0.18 |
6.10 |
Golden Slope |
|
148229 |
N/A |
0.16 |
5.59 |
Golden Slope |
|
148230 |
0.4 |
0.09 |
2.91 |
Golden Slope |
|
148234 |
2.1 |
0.08 |
2.74 |
Golden Slope |
|
149060 |
1.7 |
0.54 |
18.48 |
Ogle Canyon |
|
149050 |
3.0 |
0.26 |
8.88 |
Ogle Canyon |
|
149064 |
2.1 |
0.14 |
4.80 |
Ogle Canyon |
|
149063 |
1.1 |
0.13 |
4.56 |
Ogle Canyon |
|
148246 |
3.1 |
0.12 |
4.05 |
Ogle Canyon |
|
149059 |
1.4 |
0.11 |
3.91 |
Ogle Canyon |
|
149055 |
3.0 |
0.22 |
7.44 |
Chicken Gulch |
|
149086 |
2.0 |
0.14 |
4.66 |
Chicken Gulch |
|
149085 |
2.7 |
0.11 |
3.77 |
Chicken Gulch |
|
148243 |
3.8 |
0.13 |
4.59 |
Vermont Slab |
|
149056 |
5.0 |
0.08 |
2.78 |
Golden Chain |
Geophysics Corroborates New Discoveries
- Strong correlation between surface mapping and aero-mag results
- Unbroken 2.5 km strike of the main shear zone
- 2.0 km prospective strike of the conjugate zone to the east (Golden Slope)
- 1.5 km prospective strike of the parallel zone to the west (Ogle Lease)
- Major dilational jog present in the shear zone to the north of Pine Tree-Josephine (Queen Specimen)
Recent Work Completed
- Phase I & II drill programs (Q2 2013-Q1 2014)
- 18 diamond drill holes in total (~2,600m)
- Verified geology and grades from historic drilling
- PEA-level metallurgical testing (Q3 2014)
- 93% leach recoveries for oxide cap zone (~10% of tonnage)
- 94% gravity + flotation concentrate recoveries for quartz-hosted sulphide zone (~40% of tonnage)
- Concentrate Grade: 139 g/t Au (~4.5 oz/t Au)
- 86% gravity + flotation concentrate recoveries for sulphide replacement zone (~50% of tonnage)
- Concentrate Grade: 58 g/t Au (~2.0 oz/t Au)
- Phase III drill program (Q1 2016)
- ~41,000 ft (~12,500m) of drilling
- Three main objectives achieved:
- Convert a significant portion of the historic resource into NI 43-101 compliant resource estimate
- Test the down-dip extension of the main mineralized zone
- Test the newly discovered near-surface mineralized zones
Second Resource – Queen Specimen (Expected Q2 2020)
Resource Drilling at Queen Specimen Mineralized Zone
- 35,000ft (~10,000m) resource drilling campaign
- Roughly 40% already completed
- Resource estimate for Queen Specimen expected in Q2 2019
- Style and tenor of mineralization is similar to current resource zone (Pine Tree-Josephine)
- Initial drilling has returned excellent mineralized intersections
Queen Specimen Cross Sections & Drilling Highlights
Cross-Sections from Queen Specimen
Assay Highlights from Queen Specimen
| Zone | Hole ID | From (m) | To (m) | Length (m) | Au g/t |
| Queen Specimen | QS-DD-18-013 | 8.5 | 11.6 | 3.1 | 1.01 |
| And | 66.5 | 80.2 | 13.7 | 1.64 | |
| Including | 66.5 | 69.5 | 3.0 | 1.11 | |
| And including | 71.0 | 74.1 | 3.1 | 4.37 | |
| And including | 77.1 | 80.2 | 3.1 | 1.73 | |
| And | 185.3 | 196.0 | 10.7 | 4.08 | |
| Including | 191.1 | 192.6 | 1.5 | 20.75 |
| Zone | Hole ID | From (m) | To (m) | Length (m) | Au g/t |
| Queen Specimen | QS-DD-18-015 | 108.5 | 123.4 | 14.9 | 4.67 |
| Including | 114.6 | 120.1 | 5.5 | 3.11 | |
| And including | 120.1 | 121.9 | 1.8 | 22.91 |
| Zone | Hole ID | From (m) | To (m) | Length (m) | Au g/t |
| Queen Specimen | QS-DD-18-014 | 77.4 | 96.7 | 19.3 | 2.06 |
| Including | 77.4 | 77.9 | 0.5 | 9.14 | |
| Including | 81.2 | 82.3 | 1.0 | 2.09 | |
| Including | 84.4 | 87.8 | 3.4 | 5.11 | |
| Including | 95.7 | 96.7 | 1.0 | 6.31 | |
| And | 108.4 | 109.6 | 1.2 | 1.24 |
California is Actively Permitting Mines
- Several mining operations recently permitted in California…
- Molycorp’s Phoenix REE project
- Permitted December 2010
- Sutter Gold’s Lincoln gold project
- Permitted June 2012
- Golden Queen’s Soledad Mountain gold project
- Permitted July 2012
- Shasta Gold’s Washington gold project
- Privately held – recently permitted
- Mariposa is a pro-development County
- Lead agency for environmental permitting