The Shakespeare Property consists of 9 contiguous mining claims covering roughly 528 hectares and is located Shakespeare Township, Sudbury Mining Division, Ontario, a favourable jurisdiction with ease of access. The Murray Fault is a regional structure that strikes ENE and passes approximately 300 meters north of the mine. The mineralized zone is broadly concordant with the schistose Matinenda Formation, consisting of quartzite and greywacke that also trends ENE and dips steeply to the south.
The property hosts the historic Shakespeare Gold Mine, which is situated in rocks of the northeast-trending folded ~2.4 billion-year old Huronian Supergroup, intruded by the ~2.21 billion-year old Nipissing diabase dikes and sills. Historic production reported from 1905-48 consisted of 2,959 ounces from 8,599 tons (~0.33 ounces per ton). Historic sampling in the western part of the mine area was traced for 15 feet (~4.5 m) and reported to contain 1.12-1.85 ounces of Au per ton over an average width of 3.5 feet (~1 m; see Ontario Geological Survey Mineral Deposits Circular 18, 1979, part 2, 82p.). In 1950, Perron Gold Mines drilled and achieved assays as high as 39.8 g/t Au over 1.28m. In 2014, GeoNovus drilled three holes (371 meters), highest intersection 15.3g/t Au over 4.0 meters, including 48.8g/t Au over 1.0 meters.
SELECTED SIGNIFICANT HISTORIC ASSAY DATA
|Hole ID||From (m)||To (m)||Interval Length (m)||Au (g/t)|