Regional Geology Setting - Vault Properties
Kirkland
Kirkland North
Lebel
Gauthier
Goldbanks
TSX.V : VMI
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Highlights
- The property is located immediately east of & adjacent to the Lebel Gold Project along strike from the Bidgood & Moffat Hall gold mines.
- Historic work indicates that gold mineralization from the historic mines extends onto the property and that one zone was mined on the property prior to closure of the Bidgood mine.
Access & Property Size
- The property is located 10 kms east of Kirkland Lake, Ontario in Lebel Township.
- The property size is approximately 84 hectares.
Geology
- The Gordon-Lebel property is underlain by the same interbedded assemblages of Timiskaming volcanics and Timiskaming sediments as the Kirkland Lake Gold Camp. Late porphyry intrusions into the Timiskaming assemblages exist on the property with the northern edge of the property being flanked by a major unconformity with the Kinojevis volcanics.
- Structures containing known mineralization to the west are interpreted to continue onto the Gordon-Lebel property.
Exploration & Development Plans
- Vault completed a geological mapping and geochemistry survey on the Gordon-Lebel property during the summer of 2006.
- Mapping confirmed the extension of surface lithologies and key D4 structures, specifically the Bidgood fault, from the Lebel property into the Gordon-Lebel property. Soil sampling results delineated two multi-line anomalies on the west end of the property that appear to be northeast extensions of known mineralization on the Lebel property.
- Follow-up trenching has been completed on the significant structures and soil anomalies. Two trenches totaling 150 m exposed an approximately 40 m wide northeast trending D4 shear zone with significant ankerite, sericite and quartz alteration, and disseminated pyrite, that appears to be the extension of the North Break of the Bidgood #2 mine.
- From January 22 to February 13, 2008 Vault completed a 1,377 m drill program over 8 holes (one of which was abandoned in bad ground), designed to test multiple targets at the Boundary Zone, where recent prospecting by Vault has identified several strongly-altered, mineralized shear zones. Surface samples collected in November 2007 from this area assayed as high as 27.9 gAu/t over 0.3 m from a blue quartz vein and historical drilling in this area has also returned a near-surface interval of 1.4 gAu/t over 21.3 m.
- Significant intersections from the Winter 2008 drill program are provided in the following table.
Drill Hole |
Azimuth |
Dip |
Zone |
From |
To |
Sample Interval |
Assay |
|
(degrees) |
(degrees) |
|
(m) |
(m) |
(m) |
(g Au/Tonne) |
LB08-23 |
270 |
-45 |
Boundary |
10.3 |
11.85 |
1.55 |
1.9 |
|
|
|
Boundary |
37.7 |
39.1 |
1.4 |
6.7 |
|
|
|
Boundary |
95.1 |
96.15 |
1.05 |
1.9 |
|
|
|
Boundary |
100.3 |
101.0 |
0.7 |
2.5 |
|
|
|
Boundary |
112.4 |
113.8 |
1.4 |
6.8 |
|
|
|
Boundary |
123.7 |
137.4 |
13.7 |
2.0 |
|
|
|
Including |
126.8 |
127.9 |
1.1 |
10.2 |
|
|
|
Including |
134.2 |
135.7 |
1.5 |
3.5 |
LB08-25 |
106 |
-45 |
Boundary |
88.2 |
89.0 |
0.8 |
2.2 |
|
|
|
Boundary |
117.3 |
129.1 |
10.8 |
1.7 |
|
|
|
Including |
120.9 |
123.0 |
2.1 |
1.2 |
|
|
|
Including |
127.0 |
129.1 |
2.1 |
7.3 |
|
|
|
Including |
127.0 |
127.6 |
0.6 |
18.5 |
|
|
|
Including |
128.4 |
129.1 |
0.7 |
5.6 |
LB08-26 |
184 |
-45 |
Boundary |
146.3 |
147.0 |
0.7 |
1.4 |
LB08-28 |
145 |
-45 |
Boundary |
143.9 |
148.0 |
4.1 |
1.9 |
|
|
|
Including |
147.0 |
148.0 |
1.0 |
5.6 |
LB08-29 |
159 |
-45 |
Boundary |
39.0 |
51.0 |
12.0 |
0.9 |
|
|
|
Including |
39.0 |
43.1 |
4.1 |
1.6 |
|
|
|
Including |
49.3 |
50.0 |
0.7 |
2.6 |
|
|
|
|
|
|
|
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Note: Further drilling is required to ascertain true widths, which are currently unknown.
- Vault is presently contemplating a surface follow-up program to evaluate the multiple shear zone horizons.
The technical content of this web page has been reviewed and approved by Dan McCormack, P.Geo., Vault's Vice President and 'Qualified Person' in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.
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