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Conley property
_______________________________ _______________________________ _______________________________ _______________________________ The Conley property is located 22 kilometres east of Bissett in the Wallace Lake Greenstone Belt. The Wallace Lake Greenstone Belt, and the nearby Rice Lake Greenstone Belt, and are geologically and structurally similar to the Red Lake Greenstone Belt of Ontario, where in excess of 25.5 million ounces of gold is known (past production + proven/probable reserves), but they remain remarkably under-explored by comparison.
Known gold and silver mineralization on the Conley property is associated with graphitic zones within a Mesoarchean carbonate-chert sequence. Numerous shallow drill holes have been drilled to test the near-surface mineralization. Results including 0.63 oz/t Au over 9 feet and 4.02 oz/t Au over 3 feet were reported from two holes drilled 1930’s west of the Conley shaft, under Conley Bay. Neither of these intercepts has been subsequently re-drilled, nor has any deeper drilling been done to attempt to follow the mineralization to depth.
Recent geological advances have shown that the geological and structural setting at the Conley property has analogies to the High Grade Zone at Goldcorp’s Red Lake Mine, and suggests that the main potential on the property is for gold-bearing quartz-carbonate veining within mafic rocks that are untested by previous exploration work. These mafic rocks are stratigraphically younger, but structurally underlie the carbonate/chert horizon.
A 2-phase $200,000 exploration program is recommended for the Conley property. The recommended Phase 1 program ($80,000) includes diamond drilling to confirm the two high-grade drill intercepts from the 1930’s, and to attempt to test for mineralization at depth in the underlying mafic rocks. Phase 2 ($120,000) includes further diamond drilling and is contingent on the results of the Phase 1 program.
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Property Location Map
Diamond Drill Holes
Wallace Lake
Quartz Veinlets
Old Pit On Conley Property
Conley Bay
Conley Bay, flooded for drilling.
Cutting brush for drill access.
Drilling on Wallace Lake,Conley Property.
Drilling on Conley Property.
Diamond Drill and Skidder on Wallace Lake, Conley Property.|
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