Cameco Contact Lake Operation Final Report, 1999
Previous to the transaction between Eros Resources, MAS Gold and Rockridge Resources merged into the new Trident Resources, MAS Gold entered into an agreement with the Government of Saskatchewan to acquire a 100% interest in approximately 472 hectares, including the former producing Contact Lake Gold Mine. This mine, operated by Cameco Corporation from 1994 to 1998, is located in the highly prospective La Ronge Gold Belt of Saskatchewan. The Contact Gold Project hosts the Contact Lake Deposit, Preview SW Deposit, Preview North Deposit, North Lake Deposit, and the Point Lake Target, providing shareholders with significant discovery potential.
Location: Approximately 60 km northeast of La Ronge, via Highway 102 on mineral disposition S-113342 (472 ha). The main access road from Highway 102 into the project area has been reactivated.
Infrastructure: Powerlines built for the pre-existing mine remain on-site. The community of Missinipe is located about 30 km north of the deposit.
Historical Operations: The Contact Lake Gold Mine was operated from December 1994 to May 1998. The deposit, also known as the Bakos Gold Zone, was first identified in 1984 by Saskatchewan Mining Development Corporation (later Cameco Corporation) as part of its Preview Lake Exploration Program, which also led to the discovery of the nearby Point Lake Target and Preview SW Deposit.
Geological Highlights: Located in the southern end of the Proterozoic La Ronge Domain and hosted by the Little Deer Lake pluton, a dominantly granitic intrusive body that covers 48 km2 (Cameco Corporation, 1999).
Upcoming Exploration: The fully-funded and permitted exploration drill program is scheduled to commence this summer at the Contact Lake mine site, where approximately 3,800m are planned.
Trident intends to investigate the unmined historical reserves (CESL estimate 1993) and expand the deposit, which remains open along strike and at depth. The Company believes there is great opportunity at Contact Lake given the existing underground infrastructure and tremendous exploration potential. Analytical results from historical drill programs at the Contact Lake deposit demonstrate the potential for both wide bulk-tonnage intercepts and high-grade discoveries.
Contact Lake Deposit
