JUNIOR MINING ROUNDUP TOP GOLD PICKS

Northern Ontario is a vast, rugged landscape consisting of numerous opportunities for economic development. The Abitibi Gold belt spreads across Northeastern Ontario into Northwestern Quebec, and has proven to be one of the most prolific gold regions in the world for over a century.

Gfg Resources

MiningLife is highlighting just some of the junior companies currently exploring opportunities in the region.

Canadian Silver Hunter

Headquarters: Toronto

Project: Lost Dog

Location: Denton Township, approximately 30 kilometres southwest of Timmins

Specs: 52 contiguous claims, covering close to 1,300 hectares

Latest: Canadian Silver Hunter has interests in the Timmins gold district, the Cobalt silver district, and the Windfall Lake gold district in Quebec. Results from a November 2020 soil sample program identified five clusters of anomalous values on the property, including gold, but also silver, copper, lead, and zinc.

E2 Gold

Headquarters: Toronto

Project: The Hawkins Project

Location: In the McKinnon Zone, approximately 85 kilometres south of Hearst. It is located in an emerging gold mining area surrounded by projects being explored throughout the past decade, and is situated along the HemloTimmins geological trend. Project area accessible year-round, by road and rail.

Specs: The Hawkins Project has an inferred mineral resource estimate of 1.65 grams of gold per tonne for 328,000 total ounces.

Latest: Current focus of exploration activity is the McKinnon Deposit, and enlarging the deposit. Drilling targets include step-out at depth and off trend of the McKinnon deposit. New targets are actively being developed on the remainder of the 80 km long property package through mapping and geophysics.

Headquarters: Saskatoon

Project: GFG has 3 projects in the Timmins Gold District – Montclerg, Pen Gold, and Dore Gold. The company says each is ‘large and highly prospective’ within a prolific gold district.

Location: Montclerg is approximately 48km east of Timmins, Pen Gold is 50km southwest of Timmins, Dore Gold is located approximately 30km northwest of IAMGOLD’s Cote Lake Project.

Specs: Montclerg consists of 5 patented mining claims and 110 unpatented claims that cover 10 kilometres of the Pipestone Deformation Zone. Pen Gold is an approximately 475 square kilometre land package. Dore Gold is approximately 212 square kilometres in size, and covers a 12 kilometre long section of Archean Greenstone.

Highgold Mining

Headquarters: Vancouver

Project: Munro-Croesus Gold

Location: Located 75 kilometres east of Timmins, near Matheson

Specs: 100 percent owned by HighGold, includes the past producing Croesus Mine, which yielded some of the highest grade gold ever mined in Ontario. Approximately 63 square kilometres in size. Is comprised of orogenic gold, and runs amongst the PorcupineDestor and Pipestone faults.

Latest: The company says an active drill program will continue throughout 2023 on Munro-Croesus. Current programs represent the first exploration on the property in 90 years or so, after HighGold completed a major land consolidation and increased the property’s size by 140 percent between 2020 and 2022. HighGold also has projects in the area with their Golden Mile, located 9km northeast from Newmont’s Hoyle Pond operation, and Timmins South properties.

Sanatana Resources

Headquarters: Vancouver

Project: Gold Rush

Location: 25 kilometres west of Timmins, 11 kilometres northwest of Pan American Silver’s Timmins West Mine. Specs: Gold Rush North is 875 hectares in size, Gold Rush South is 1,525 hectares.

Latest: In late September 2022, the company announced it had renegotiated the terms of the 2022 option payment for its Gold Rush North property. Sanatana paid $22,500 in cash and issued 130,000 common shares of the Company. They announced that they would issue a notice of termination regarding their Gold Rush South property.

Melkior Resources

Headquarters: Timmins

Project: Carscallen Gold Project

Location: 25 kilometres southwest of Timmins

Specs: 47 square kilometres, 8 gold zones (Zam Zam, Shenkman, Jowsey, 1010 North and South, Mystery, Behemoth, and Wire Gold).

Latest: This project is in the advanced exploration stage, and focuses on gold and base metals. Over the past 13 years, Melkior has completed over 36,000 meters of drilling and has revealed several high-grade gold zones located within a 1,000 metre by 1,000 metre corridor. The gold system has been traced from surface down to 400 metres below surface. There have been 37 historical intercepts over 25 grams of gold per tonne within the Zam Zam and Shenkman zones. Preliminary metallurgical testing shows 95 percent gold recovery from 8.72 grams per tonne of gold head grade material at the Zam Zam zone.