The Sickle Property is located approximately 13 km northeast of Yellowknife, Northwest Territories. The property consists of five claims totaling 1,611.5 acres (652.2 hectares), and was acquired via ground staking. It is situated approximately 4 km northwest of the Company’s historical Tom Gold Mine Property. The Company is considering to conduct an initial work program on the project to evaluate its full potential to determine future work potential.
Within the Yellowknife area, historic gold production from the Con and Giant mines totaled more than 13 million ounces of gold, largely from shear zones within volcanic rocks.
The Sickle Property is situated along the eastern margins of the Yellowknife Greenstone Belt and is underlain by low grade argillites and turbidites of the Walsh and Burwash Formations, and felsic volcanics of the Prosperous Formation. All units are Archean, near vertical, and become younger moving east. Historic gold exploration has been focused on a calcareous black argillite unit, near the contact of the Prosperous and Burwash formations.
The Sickle claims encompass three main historic gold showings termed the 'Drag Lake', 'Anne' and 'Arseno'. The Drag Lake Showing has received the most attention with drilling occurring in 1988 and 1990. Historic results include:
- Drillhole 88-1: 0.6 g/t Au across 13.6 metres (true thickness unknown), and
- Drillhole 88-11: 3.88 g/t Au across 14.1 metres (true thickness unknown),
Surface results include chip samples of 3.43 g/t Au across 6.71 m, within sheared and silicified andesites from the Anne trenches, located directly adjacent to the property. A grab sample on the property from the nearby Len Trench returned 7.23 g/t Au. In addition, pit samples from the Arseno Showing, approximately 2 km to the south, returned 5.6 g/t Au over 5 m. Drill hole 90-7 targeted this showing and returned 5.9 g/t Au over 0.8 m. The Anne Showing has not been drill tested although it was recommended.
The technical information provided above for the Sickle Property was prepared by Darren L. Smith, M.Sc., P.Geol, a qualified person as defined by NI 43-101.