Projects
Hood River
The Hood River property is contiguous to the Ulu lease to the north, east and south. The property is held through a renewable, 20-year Mineral Exploration Agreement with Nunavut Tunngavik Incorporated. The highly prospective property encompasses 11,200 ha
A large number of high-grade gold showings occur throughout the property which provide for excellent resource expansion potential at multiple targets. The main exploration target for the property is shear-hosted gold mineralization similar to the Flood Zone on the adjacent Ulu lease. There is also strong potential to discover massive sulphide vein systems as evidenced by a new discovery in 2021 ~750 metres north east of the Flood Zone deposit.
The series of the gold showings and prospects that occur on trend and north of the Flood Zone are considered to be related to the ~5 km long Ulu Fold which hosts the Flood Zone and extends to the NFN Zone. At least five gold prospects have been identified to date on this key structural feature.
11,200 ha exploration concession
Underexplored, high potential for new discovery
Numerous gold drill targets identified for future resource growth
Promise of property stems from the fact it shares the same deformation history (including tight folding) and the same volcano-sedimentary stratigraphic sequence as the Flood Zone (Ulu anticline)
One of the priority target areas is the Crown-Pro Trend, a ~4 km long prospective trace of a north trending fold axis, which links the Crown showing to the Pro Zone. Very limited drilling has occurred is this area, where gold grades up to 15 grams have been sampled
The 2022 exploration program at the Hood River Project focused on advancing many of the gold showings in the target pipeline.
Additional regional targeting/testing conducted at the North Penthouse, JC and Gravy target area returned impressive results:
- Check sample of one channel returned 92.40 g/t gold in 2022 at North Penthouse
- JC showing returned samples grading 15.20 g/t gold and 11.05 g/t gold
- Gravy trend (~5,500 metres ESE of Flood Zone deposit): +950-metre-long arsenopyrite rich structural trend returned values that include 8.81 g/t gold and 3.84 g/t gold among numerous multi-gram samples
Generated new targets for future field program
The main deposit, called the Flood Zone, is a northwest-trending, shear hosted anastomosing vein/alteration system that occurs proximal to a basalt-metagreywacke contact at the core of the Ulu Fold. The deposit is steeply dipping to the southwest and has been traced for over 400 metres on surface. The current Flood Zone resource occurs between the surface and a vertical depth of 525 metres. The deepest significant Flood Zone drill intersection assayed 14.9 g/t gold over 7.7 metres at a depth of 610 metres below surface.
In addition to the high-grade Flood Zone gold deposit, the Ulu mining lease hosts several additional prospective target zones, many of which are spatially related to the axis of the ~5 km long Ulu Fold, which extends from the Ulu lease onto the northern part of the Hood River property and culminates at the North Fold Nose Zone.
+20 mineralized showings currently identified on the Hood River Property have been grouped into 5 main zones. A summary of some of the historic exploration results, by zone, is as follows:
North Fold Nose (“NFN”)
The NFN forms the northern extension of the Ulu Anticline, the hosting structure of the best-known part of the Ulu gold deposit, the Flood Zone
A significant section of this structure on the Hood River Property remains untested
Crown Zone (“CZ”)
The CZ is a composite of five individual areas
The larger, “Main Area” was trenched by BHP Billiton whose best-reported trench sample was 24.3 g/t gold over 0.7 metres
Sampling of this site returned 13.47 g/t gold over 2 metres
The Main Area is exposed for 800 metres with widths of up to 6 metres. It remains open to the north
Penthouse South Zone (“PSZ”)
Structurally equivalent to the geological setting of the Ulu gold deposit
At the Penthouse South Zone, a 2-metre-wide shear zone can be traced for over 200 metres. Grab samples from this shear zone grade up to 200 g/t gold
Several quartz veins up to 1 metre wide have been identified at PSZ. Grab samples on these veins have returned assays up to 62 g/t gold
Volcanogenic massive sulphide mineralization has also been identified in areas
Penthouse North Zone (“PNZ”)
At the PNZ, a 0.1 m – 0.5 m wide shear zone can be traced for over 250 metres. Sampling from this area returned up to 130 g/t gold
The Penthouse North and South Zones are located approximately 3 km apart and are separated by a topographically subdued valley with no outcrop
Blackridge Zone (“BRZ”):
A 750-metre-long mineralized vein/shear is exposed at this site
Only limited shallow drilling tested ~300 m of this structure on strike
The best core drill intersection returned 10 g/t gold over 1.07 metres
A 1.0 metre chip sample across this structure returned an assay of 21.58 g/t gold
It is believed there is significant potential to extend the structure to the north
Surface grab samples have returned assays up to 16.8 g/t gold
In February 22, 2023, the Company reported that the independent and qualified person for the Mineral Resource Estimate, as defined by NI 43-101, is Chris MacInnis, P.Geo (#2059) from ALS-GoldSpot Ltd. had completed an independent Technical Report entitled, Technical Report on the Ulu Project, Kitikmeot Region, Nunavut, Canada.
Overview
11,200 ha exploration concession
Underexplored, high potential for new discovery
Numerous gold drill targets identified for future resource growth
Promise of property stems from the fact it shares the same deformation history (including tight folding) and the same volcano-sedimentary stratigraphic sequence as the Flood Zone (Ulu anticline)
One of the priority target areas is the Crown-Pro Trend, a ~4 km long prospective trace of a north trending fold axis, which links the Crown showing to the Pro Zone. Very limited drilling has occurred is this area, where gold grades up to 15 grams have been sampled
Exploration Program
The 2022 exploration program at the Hood River Project focused on advancing many of the gold showings in the target pipeline.
Additional regional targeting/testing conducted at the North Penthouse, JC and Gravy target area returned impressive results:
- Check sample of one channel returned 92.40 g/t gold in 2022 at North Penthouse
- JC showing returned samples grading 15.20 g/t gold and 11.05 g/t gold
- Gravy trend (~5,500 metres ESE of Flood Zone deposit): +950-metre-long arsenopyrite rich structural trend returned values that include 8.81 g/t gold and 3.84 g/t gold among numerous multi-gram samples
Generated new targets for future field program
Geological Summary
The main deposit, called the Flood Zone, is a northwest-trending, shear hosted anastomosing vein/alteration system that occurs proximal to a basalt-metagreywacke contact at the core of the Ulu Fold. The deposit is steeply dipping to the southwest and has been traced for over 400 metres on surface. The current Flood Zone resource occurs between the surface and a vertical depth of 525 metres. The deepest significant Flood Zone drill intersection assayed 14.9 g/t gold over 7.7 metres at a depth of 610 metres below surface.
In addition to the high-grade Flood Zone gold deposit, the Ulu mining lease hosts several additional prospective target zones, many of which are spatially related to the axis of the ~5 km long Ulu Fold, which extends from the Ulu lease onto the northern part of the Hood River property and culminates at the North Fold Nose Zone.
Exploration Focus
+20 mineralized showings currently identified on the Hood River Property have been grouped into 5 main zones. A summary of some of the historic exploration results, by zone, is as follows:
North Fold Nose (“NFN”)
The NFN forms the northern extension of the Ulu Anticline, the hosting structure of the best-known part of the Ulu gold deposit, the Flood Zone
A significant section of this structure on the Hood River Property remains untested
Crown Zone (“CZ”)
The CZ is a composite of five individual areas
The larger, “Main Area” was trenched by BHP Billiton whose best-reported trench sample was 24.3 g/t gold over 0.7 metres
Sampling of this site returned 13.47 g/t gold over 2 metres
The Main Area is exposed for 800 metres with widths of up to 6 metres. It remains open to the north
Penthouse South Zone (“PSZ”)
Structurally equivalent to the geological setting of the Ulu gold deposit
At the Penthouse South Zone, a 2-metre-wide shear zone can be traced for over 200 metres. Grab samples from this shear zone grade up to 200 g/t gold
Several quartz veins up to 1 metre wide have been identified at PSZ. Grab samples on these veins have returned assays up to 62 g/t gold
Volcanogenic massive sulphide mineralization has also been identified in areas
Penthouse North Zone (“PNZ”)
At the PNZ, a 0.1 m – 0.5 m wide shear zone can be traced for over 250 metres. Sampling from this area returned up to 130 g/t gold
The Penthouse North and South Zones are located approximately 3 km apart and are separated by a topographically subdued valley with no outcrop
Blackridge Zone (“BRZ”):
A 750-metre-long mineralized vein/shear is exposed at this site
Only limited shallow drilling tested ~300 m of this structure on strike
The best core drill intersection returned 10 g/t gold over 1.07 metres
A 1.0 metre chip sample across this structure returned an assay of 21.58 g/t gold
It is believed there is significant potential to extend the structure to the north
Surface grab samples have returned assays up to 16.8 g/t gold
In February 22, 2023, the Company reported that the independent and qualified person for the Mineral Resource Estimate, as defined by NI 43-101, is Chris MacInnis, P.Geo (#2059) from ALS-GoldSpot Ltd. had completed an independent Technical Report entitled, Technical Report on the Ulu Project, Kitikmeot Region, Nunavut, Canada.
Technical Reports
Video Footage