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Cedartree

LOCATION

The Cedartree gold property is located approximately 80 km southeast of the town of Kenora, Northwestern Ontario, about 15 km souteast of Sioux Narrows, a small village along paved highway #71, between the towns of Kenora and Fort Frances.  South of Sioux Narrows the claims are easily accessible by heading east 12 kilometres along the Cameron Lake Road.

 

SCALE

The property consists of 198 claim units, which cover over 8,000 acres, and hosts a number of gold showings, shear zones, and sulphide rich-areas, many of which have never been drilled.

EXPLORATION BY METALORE

After purchasing the original claims in 2002, Metalore acquired additional claims, selectively prospected and sampled, conducted geophysical surveys (magnetic survey, VLF, electro-magnetic and IP) and drilled 95 holes throughout the property, which resulted in the publication of a NI 43-101 technical report in 2012.

After the report was published, another 17 holes were drilled (including nine holes in 2013 and 2014, following the discovery of a zinc and copper zone associated with the Stephen Lake Intrusion) and three holes (13-09, 13-10 and 13-11) which confirmed the extension of the main gold zone to the southwest.

CEDARTREE GOLD DEPOSIT
The Company has identified a high-grade gold zone which lies within 15 metres of the surface and is located 200 metres from the main Cameron Lake Road. Earlier exploration work confirmed the presence of gold mineralization along fracture and shear zones which transect an intermediate composition (granodiorite-quartz diorite) dyke/sill possibly related to the Stephen Lake intrusion. Alteration associated with these fracture and shear zones is comprised of ankerite, sericite, silica, chlorite and pyrite.

WHAT MAKES THE CEDARTREE DEPOSIT DIFFERENT?

Gold occurs within all three rock types found on the property (gabbro, intermediate intrusive, and volcanic tuffs). Silica flooding and the presence of gray quartz veins and veinlets is typically evident of higher grade gold mineralization; at least two generations of quartz veining are found in drill core: gray quartz which usually carries fine to course grained (remobilized?) gold and white fracture-fill veining. Multi-metre wide zones of <1cm-5cm of banded pyrite occur throughout the felsic-intermediate intrusive and typically contain higher gold values particularly when hydrothermally altered.

 

HIGH GRADE

The 75 metre wide gold corridor which hosts the high grade portion of the Cedartree Gold Deposit and the 2018 discovery trend along the same anastomising Pipestone-Cameron Lake Fault System which also hosts the Cameron Lake Gold Deposit.

LOW GRADE

It was also discovered through the 2013 drill program that a low grade zone associated with the granodiorite trends to the southwest (as is evident in the 3D model by P&E Mining Consultants Inc.).



Several east-west trending steeply dipping shear zones which truncate the granodiorite intrusive contain impressive gold values.  The main shear zone has been given an Initial Resource Estimate (see March 12 2012 NI 43-101 Technical Report) as summarized in the table below:

GOLD CORRIDOR: PLAN VIEW &
LONG SECTION
HISTORIC 
DATA

On June 1, 2018, following meetings and discussions with local indigenous community members, Metalore launched an exploration program in the area shown below:

2018 exploration along the gold corridor resulted in the discovery of an altered and mineralized granodiorite which yielded surface values. Observations of a dioritic to granodioritic intrusive to the southwest shows a possible connection between this intrusive and the main, gold enriched granodiorite to the northwest. This newly discovered intrusive network adds great potential for additional gold resources at Cedartree.

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