The Property
The Ferdinand Gold Property is 13 km northwest of the town of Slate Falls. Access is currently by logging roads with forestry logging operations scheduled for expansion into the property. It is located within the south-eastern extension of the Confederation-Uchi greenstone belt, one of the best metal endowed greenstone belts by square kilometre in the world with past production and current resources totaling 64M. oz. of gold.
The Property consists of 17 contiguous mining claims covering 7,143 hectares (Figure 1). A recent heliborne magnetic survey completed consisted of 1,994 line-km at 50m line spacings covering the entire property. Final results will be received in approximately 6 weeks.
Figure 1. Regional location and access of the Ferdinand Gold Project.
The MAG survey was designed to provide geological and structural details of a 25km long southeast extension of the Confederation-Uchi greenstone belt along the Fry-Bamaji Deformation Zone. Preliminary interpretation of the survey results include (Figure 2):
- Supported evidence that the Fry-Bamaji Deformation Zone transects the entire length of the property for over 25km suggesting this is a major crustal scale structural corridor.
- Evidence of second order splays from the Fry-Bamaji deformation zone. These are important structural shear zones that are common hosts to orogenic gold deposits (Feng and Kerrich, 1992).
- Folded stratigraphy around regional-scale D2 fold axes common to the gold deposits of the Red Lake camp and a principal style of gold mineralization at Great Bears Dixie Project (TSXV:GBR news release dated May 21, 2021).
- High total field magnetic intensity linear belts possibly representing lithologies of banded iron formation. These are well-known hosts to Archean orogenic gold deposits (e.g. Lupin, Meadowbank and Musselwhite, Lothka and Nesbitt, 1989).
Figure 2. Preliminary interpretation of the total magnetic intensity of the Ferdinand Gold Project.