MPDA MeMber ProPerty Profiles

paLomar LakE GoLDpropErTy

PROPERTY PROFiLE

The Palomar property consist of 15 contiguous mineral claims totaling 1,073 hectares in the central Rice Lake greenstone belt in eastern Manitoba. The Palomar property is located 20 kilometres east of the town of Bissett along Provincial Road 304, within the same assemblage of supracrustal rock that host the gold deposits comprising the True North gold mine in Bissett. The Palomar property occupies a portion of the Archean Rice Lake greenstone belt that is constrained between two plutonic complexes. To the west is the Ross River pluton, a tonalitic intrusion, and to the east is the North Caribou terrane, an older granitoid-dominated cratonic block to which the Rice Lake greenstone belt was accreted to during the assembly of the western Superior province. The constraints presented by the two plutonic complexes result in high degrees of deformation within the supracrustal rocks manifest in tight folding and shear zone development. The major shear zone in this region is the Moore Lake shear zone, which separates the supracrustal rocks from the North Caribou Terrane. Numerous shear zones transect the property and major lithological contacts are highly deformed, presenting favourable environments for gold mineralization.

The geology of the Palomar property is dominated by thick sequences of mafic and intermediate composition volcanic rocks located on the eastern limb of a regional-scale fold (Figure 1). The mafic volcanic sequence is dominated by thick massive flows with minor pillowed flows. Overlying the mafic sequence is a thick sequence of bedded dacitic to andesitic volcaniclastic rocks ranging from tuff to tuff breccia. Gabbro intrudes the volcanic sequence as sills and possibly dykes. In the core of the regional fold the gabbroic rocks are oriented parallel to the layering in the mafic volcanic rocks, folded around the regional fold hinge, suggesting that the gabbro may have intruded as sills or were transposed prior to folding. On the eastern limb of the regional fold, the gabbroic rocks are transposed parallel to the stratigraphy

and appear as dyke-like bodies, although the strain increases from west to east as the Moore Lake shear zone is approached. Gold mineralization on the property is found in two environments. Historic gold occurrences were identified along the margins of the transposed gabbro dykes. Old pits and trenches expose decimetre to metre-wide quartz veins containing finely disseminated pyrite and locally chalcopyrite. These veins have returned high grade, multi-ounce per ton gold assays that are detailed in the cloud link.

More recently, gold mineralization comprising the Palomar Vein system has been discovered associated with quartz vein systems developed along the contacts between flows within bedded dacitic volcaniclastic rocks. The Palomar Vein system consist of several parallel quartz veins that have been traced semicontinuously for 130 metres and locally form a 10-metre-wide zone. The individual quartz veins pinch and swell but are up to two metres in width. The quartz veins contain finely disseminated pyrite and trace chalcopyrite, generally concentrated along the margins of the veins. The veins are enveloped by marginal zones of weak to moderate sericitic alteration of the dacitic country rock.

Sampling of the Palomar vein at a number of locations returned significant gold assays along its exposed strike length. Grab samples returned multiple high gold grade assays (>10 gpt Au) and channel sampling returned gold grades up to 9.45 gpt Au over four metres (Figure 2).

The Palomar property is available for option. All claims are in good standing and currently have $330,000 in excess assessment credits. The Geology Summary has been prepared by Chris Beaumont-Smith, Ph.D.,P.Geo. (cbsgeoscience@gmail.com). Interest in the Palomar Gold property should be directed to George Nykulaik (gmn55@yahoo.com).

Additional information is provided via this cloud link: https://cutt.ly/Palomar Lake. 6