Exploration Project
Goldlund
Location
35 km SW of Sioux Lookout (25 km NE of Goliath Gold Project)
Mineral Resource
940Koz Au Indicated and 704Koz Au Inferred
Host to
Gold
Stage
Jurisdiction
Infrastructure
Provincial Highway and associated infrastructure, Local skilled workforce, nearby town of Dryden Sioux Lookout and Wabigoon, no milling or tailings infrastructure needed on site
Mineral Reserve
621Koz Au Probable
The Goldlund Gold Project
The Goldlund Mine Project is a proposed open pit mine with no associated processing infrastructure. Treasury Metals is currently collecting baseline environmental data at the Goldlund Mine Project to support all future approvals and permits required to construct and operate the mine.
| Classification | Cut-Off | Tonnes (kt) | Au g/t | Au koz |
|---|---|---|---|---|
| Measured | 0.3 | 0 | 0.00 | 0 |
| Indicated | 0.3 | 33,353 | 0.85 | 911.0 |
| Meas + Ind | 0.3 | 33,353 | 0.85 | 911.0 |
| Inferred | 0.3 | 28,833 | 0.73 | 680.2 |
| Classification | Cut-Off | Tonnes (kt) | Au g/t | Au koz |
|---|---|---|---|---|
| Measured | 2.2 | 0 | 0.00 | 0 |
| Indicated | 2.2 | 222 | 4.06 | 29.0 |
| Meas + Ind | 2.2 | 222 | 4.06 | 29.0 |
| Inferred | 2.2 | 222 | 3.26 | 23.3 |
Exploration
On the Goldlund trend, the team identified additional targets with similar footprints and geophysical signatures to Goldlund and Miller. Furthermore, the team identified high-grade lode-gold targets on the property that have historically seen little to no exploration.
Goldlund – RMI FIN CVG Geophysics
Treasury implemented and monitored a thorough quality assurance/quality control program (“QA/QC” or “QC”) for the diamond drilling and sampling undertaken at the Goliath Gold deposit from 2008 through current programs. The QC protocol included the insertion of QC samples into every batch sent for analysis. QC samples included certified reference materials, blanks, and duplicates.
Geology
The Goldlund Deposit is situated approximately 35 km northeast of the Goliath deposit. Historical gold production from the Goldlund and Windward mines is reported to be 18,000 oz of gold, with mining activities carried out between 1982 and 1985 using both open-pit and underground mining methods.
Gold mineralization is hosted by zones of northeast-trending and gently to moderately northwest-dipping quartz stockworks, comprised of numerous quartz veinlets less than 1 to 20 cm thick. The quartz stockwork veins consist of two synchronous sets of veins, referred to as the 20 set and the 70 set (Pettigrew, 2012), and display a remarkable consistency in form across the project. The stockwork veins are hosted within albite-trondhjemite to diorite (granodiorite) strata-parallel sills, which strike generally northeast (065°) and dip from vertical to -80° southward, ranging in thickness from 14 m to 60 m. The stockwork zones form bands within the granodiorite sills that intrude the east-northeast-trending mafic metavolcanic rocks. The quartz veins and veinlets contain occasional fine-grained to coarse-grained pyrite. The intervening areas between the quartz veinlets exhibit strong to moderate feldspathic alteration associated with common fine- to medium-grained pyrite and magnetite.
The gold mineralization has been interpreted as a series of northeast-trending sub-parallel bodies. Mineralized zones 1, 7, and 5 consist principally of gold mineralization associated with the stockwork veins in the large granodiorite sills, while the other zones consist of gold mineralization associated with stockwork veins that are hosted in several lithologies, including andesite, and felsic to intermediate porphyries, with only a minor contribution from the granodiorite sills.
