Regional Geology Setting - Vault Properties
Kirkland
Kirkland North
Lebel
Gauthier
Goldbanks
TSX.V : VMI
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Highlights
- The property covers 5.3 km of the west-northwest trending Victoria Creek Deformation Zone ("VCDZ"), which is a major structural unconformity. The VCDZ is host to the Victoria Creek gold deposit, 700 m west of Vault's Gauthier property, on which Sudbury Contact Mines Limited, one of the Agnico-Eagle group of companies, expended in excess of $20 million in development during the 1990's.
- Northeast trending structures that splay off of the VCDZ are thought to control mineralization at Queenston's Upper Beaver gold-copper deposit, located 500 m east of the Gauthier property. On September 22, 2008 Queenston announced an initial mineral resource on the Upper Beaver deposit, which includes 427,900 ounces gold at 9.7 gAu/t (indicated) and 291,300 ounces gold at 8.5 gAu/t (inferred).
- Several northeast trending IP & VLF conductors have been identified through the interpretation of ground geophysics. The trend of these conductors, in association with magnetic anomalies surrounding circular magnetic lows, is analogous to the magnetic signature and structures identified at the Upper Beaver gold deposit.
Access & Property Size
- The property is located 18 km northeast of Kirkland Lake via paved highways 66 & 672. The western property boundary lies 1 km east of highway 672.
- The property is comprised of eighty-eight staked mining claims totaling approximately 1,400 hectares.
Exploration and Development Plans
- Vault is continuing its compilation of historical exploration work on the property and transferring hard-copy data into digital format. Field work is continuing to verify drillhole locations and to conduct prospecting.
- Vault has planned, for the first phase exploration program, a three-line, deep earth IP/resistivity survey across the circular magnetic anomalies found at the eastern end of the property adjacent to Queenston's Upper Beaver Property.
- A drill program is contingent on targets identified from the geophysics program.
The technical content of this web page has been reviewed and approved by Michael Sutton, P.Geo., Vault's Vice President of Exploration and 'Qualified Person' in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
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