North Lake Deposit 2021 Historical Technical Report
The North Lake Deposit hosts an Indicated Historical Mineral Resource of 13,800,000 t grading 0.88 g/t Au containing 389,000 ounces of gold and an Historical Inferred Mineral Resource of 3,600,000 t grading 0.82 g/t Au, hence 95,000 contained ounces of gold (Louis F. Fourie, et al.,Technical Report on the 2023 Historical Mineral Resource Update for the North Lake Gold Project, La Ronge Gold Belt, Saskatchewan, Canada; Effective date October 1st, 2022). The Technical Report about the updated Mineral Resource estimate was filed on SEDAR February 21, 2023. This historical estimate was based on 110 drill holes and 753 channel samples using a cut-off grade of 0.40 g/t Au.
The North Lake Deposit is located approximately 70 km northeast of La Ronge via HWY 102. Powerlines run alongside the property boundary and the community of Missinipe is located approximately 10 km north of the Deposit. Gold mineralization at North Lake was identified in 1984 following a 1979 regional lake sediment geochemical survey. The Property has since been subjected to modern geophysical surveys including VTEM and LiDAR and several drill programs. The 2023 Mineral Resource Update was successful in upgrading 79% of the estimated tonnes and 81% of the in situ gold into the Indicated mineral category, along with a 2.4% increase in the average grade (Louis F. Fourie, et al.,2023).
Hosted in a foliated quartz and feldspar rich lithology that hosts auriferous sheeted quartz veins and vein arrays with pervasive hematite alteration. The North Lake Gold Deposit maintains room for expansion and is a good candidate to host an open pit mining operation with mill facilities.
North Lake Gallery
