Regional Geology Setting - Vault Properties
Kirkland
Kirkland North
Lebel
Gauthier
Goldbanks
TSX.V : VMI
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Highlights
- The property is situated 500 m to 1000 m north of the 'Main Break' in Kirkland Lake.
- The property contains the historic Federal Kirkland shaft with documented underground workings & gold-bearing structures. In 2005, limited surface sampling (28 channel samples) undertaken by previous operators over known gold-bearing structures returned values ranging from nil to 12.5 gAu/t of which 7 samples were greater than 7.0 gAu/t. The best reported width-weighted sample was 11.3 gAu/t over 2.5 meters. The channel samples ranged in length from 0.5 to 2.5 m, however true widths were not reported.
- Exploration targets include a >1 km unconformity situated between Timiskaming sediments & Lower Blake River volcanics and along the contacts of the 'Vindicator' syenite intrusion.
Access & Property Size
- The property is situated within the Town of Kirkland Lake, Ontario and is easily accessed by road or trail. The property consists of three claim groups totaling approximately 450 hectares.
Exploration & Development Plans
- Vault will scrutinize existing property data with a possible follow-up field program in search of mineralized structures.
- Vault to evaluate testing the down-plunge of the Federal-Kirkland vein structures.
Last Updated: July 17, 2009
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