Kirkland
Kirkland North
Lebel
Gordon-Lebel
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. 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 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.
- The Boundary Zone, located on the south-east side of the Gordon-Lebel property, was drill tested in the Winter of 2008. Eight drill holes totaling 1,377 m, LB08-23 to 30 (one of which was abandoned in bad ground), along with historic drilling, have delineated at least four, steeply-dipping gold zones that straddle the boundary between Vault's wholly-owned Gordon-Lebel property and the Lebel property under option to Goldcorp, known as the Boundary Zone. The quartz-feldspar porphyry and wacke-hosted gold zones have grades ranging from 1.4 gAu/t over 21.3 m to 3.1 gAu/t over 4 m. Occasionally, these zones contain narrow higher-grade intercepts as provided in LB08-23 and LB08-25 which returned 10.2 gAu/t over 1.1 m and 7.3 gAu/t over 2.1 m (including 18.5 gAu/t over 0.6 m) respectively. A surface sample taken in late Fall 2007 from one of the zones returned 27.9 gAu/t over 0.3 m. The zones are open along strike to the southwest requiring further drilling and, collectively, will be evaluated as a potential, near-surface open pit target. Significant intercepts from this drilling are provided in the Table below.
Table -- Significant 2008 Diamond Drill Intercepts for Boundary Zone |
Drill
Hole |
Azimuth
(degrees) |
Dip
(degrees) |
Zone |
From
(m) |
To
(m) |
Sample
Interval
(m) |
Assay
(g Au/Tonne) |
LB08-23 |
270 |
-45 |
Boundary |
10.3 |
11.85 |
1.55 |
1.9 |
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|
Boundary |
37.7 |
39.1 |
1.4 |
6.7 |
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|
|
Boundary |
95.1 |
96.15 |
1.05 |
1.9 |
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|
|
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 |
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Including |
120.9 |
123.0 |
2.1 |
1.2 |
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Including |
127.0 |
129.1 |
2.1 |
7.3 |
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Including |
127.0 |
127.6 |
0.6 |
18.5 |
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|
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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 |
|
|
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Including |
39.0 |
43.1 |
4.1 |
1.6 |
|
|
|
Including |
49.3 |
50.0 |
0.7 |
2.6 |
| Note: Further drilling is required to ascertain true widths, which are currently unknown. |
- Vault will evaluate the Boundary Zone as a potential, near-surface open pit target.
Last Updated: June 10, 2008
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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