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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. Crustal scale structural features such as the Fry-Bamaji deformation zone traverse the length of the property (Figure 2).

Regional, coarse, government-sponsored magnetic surveys of the Ferdinand Gold Property display folded stratigraphy along possibly D2 structures. These structural features are important for gold-bearing hydrothermal fluids and traps. There is not one Ontario Geological Survey registered drill hole on the entire property and the Property consists of 17 contiguous mining claims covering 7,143 hectares (Figure 1). The Company has recently announced that their 2021 ground exploration and heliborne magnetic surveys on the Ferdinand Gold Project have been completed and that all available geologic data has been compiled by Orix Geosciences. Their structural interpretation confirms multiple areas of high merit and potential mineralization on the Property.

Regional location and access of the Ferdinand Gold Project

Figure 1.  Regional location and access of the Ferdinand Gold Project.

Regional geology and structure of the Ferdinand Gold Project

Figure 2.  Regional geology and structure of the Ferdinand Gold Project.

Prospectair completed a high-resolution heliborne magnetic (“MAG”) survey consisting of 2,985 line-km at 50m line spacings covering the entire property the last week of August 2021 (Figure 3).

Preliminary interpretation of the total magnetic intensity of the Ferdinand Gold Project

Figure 3. Ferdinand Gold Project showing Residual Total Magnetic Intensity with equal area color distribution.

Orix Geoscience identified the projects structural features, lithological contacts and rock types associated with potential gold and base metal mineralization (Figure 4).

Preliminary interpretation of the total magnetic intensity of the Ferdinand Gold Project

Figure 4. Regional geological and structural framework of the Ferdinand Property, source Orix Geoscience.

Results of the Orix data compilation and reinterpretation study are as follows:      

  1. A vastly improved geological and structural map that has turned a ‘simple framework’ into a concise stratigraphic and folded layering of various volcanic, ultra-mafic, clastic sediments and felsic intrusive lithologies.
  2. D1, in the ENE to NW tight, isoclinal folded (F1) mafic intrusive, and mafic to intermediate volcanic units.
  3. D2, a north-south shortening recognized by sets of open to close-tight folds (F2).
  4. Major D2 shear zones are approximately parallel to the F2 fold axial traces.
  5. The possible continuation of “Fry-Bamaji Shear Zone”, or splay off, and several likely second order, or shear band ENE-striking structures, are the most predominant features within the property area.

This Heli-Bourne Magnetic Survey presents a large piece of the puzzle that will help generate important targets for future, concentrated efforts in regard to exploration and the Company looks forward to continuing its exploration on the property.