CARIBOU LAKE PROJECT

Overview

The Caribou Lake Project has potential for further discovery.  As early as 1899, government geologists discovered significant mineralization on the intrusive feature.  They determined assay values of up to 1.55% copper, 1.2% nickel and 9g/T platinum.  A number of exploration companies have since  carried out prospecting, geochemical work, trenching ,  geopysics and drilling.  Tamarack Gold currently owns 100% of the claims which cover a large portion of the mafic intrusion.  Highlights of  surface sampling by Tamarack in 2014  indicated 18ppb palladium, 24ppb platinum, 308 ppm copper, 1240 ppm nickel and 3.45% total graphite.

Location

The property consists of 8 unpatented mining claims comprised of 70 units covering 1120ha. It is located approximately 85 km south-east of Sudbury, Ontario .  See adjoining map. The claim map for the property is shown below.

Regional and Site Geology

The Caribou Lake intrusive is located in the Britt Domain of thee Central Gneiss Belt of the Grenville Province of the Canadian Shield.  The rock units are highly deformed gneisses and migmatites of supercrustal and igneous origin.

The Caribou Lake intrusive intruded these units.  It is not known if the intrusive acted as a restive "kernel" during deformation or if  the intrusive intruded after the gneisses were formed and deformed the pre-existing foliation.

The Caribou Lake intrusive is an 18 sq km, northwest-southeast trending elongated lobate funnel shaped body.  At its thickest in the northwest it measures 2.74 km wide narrowing to approximately 300 m wide in the southeastern part.  Its longest dimension is approximately 8.5 km.  Airborne magnetic sureys completed in 2002 and 2009 by others delineated a concentrically layered feature consisting of alternating magnetic highs and lows, interpreted to reflect magmatic layering within the intrusive with an interpreted narrow feeder dyke represented by the narrow part of the complex to the east.  See map below to the left showing total magnetic intensity.


Mineralization

The known and reported mineralization in the area is associated with norite, pyroxenite dykes and graphitic paragneiss.  Pyrrhotite, pyrite, chalcopyrite and titaniferous magnetite occur as disseminations and as stringers in the mafic and ultramafic units.  The graphitic paragneiss contains stringers of sulphide comprising pyrite, pyrrhotite and chalcopyrite which shows up in the geophysical surveys as strong electromagnetic anomolies while the disseminated and stringer mineralization, which occurs in the norite and pyroxenite, have been traced using IP surveys.  Dissmeninated sulphides containung Cu-Ni mineralization and anomalous Pt have been reported associated with the norite and pyroxenite units

Deposit Types

The Caribou Lake intrusive has the potential to host magmatic Ni-Cu-PGE deposits(reef style and/or contact-type)  and graphitic gneiss-type deposits.

Future Work

Tamarack's geologists have recommended the following work to further define anomalous mineralization: 
  • Additional prospecting to cover area not previously covered by Tamarack.
  • Airborne magnetic and electromagnetic geophysical surveys to define any electromagnetic anomolies that may represent sulphide accumulations within the intrusive.
  • A diamond drill program to test any geophysical targets identified from the recommended geophysical program and surface work.

MCDONNEL CREEK GOLD PROPERTY

The McDonnel Creek Gold Property (“Property”) is located 5 km northeast of the town of Matachewan, Ontario. It is accessible off of Highway 65 along the Matachewan First Nation Road. The Property consists of 4 unpatented mining claims totaling 36 units (576 Ha) which covers several gold, silver, and copper showings.

 The Property is underlain by a massive to porphyritic syenite that is comagmatic with the gold-bearing syenite found at Alamos Gold Inc.’s Young-Davidson Mine located 6 km to the west-southwest. Gold and silver mineralization is associated with quartz veins that are found along the periphery of the syenite stock or within openings formed during the late cooling stages of the intrusion. The quartz veins also contain pyrite, chalcopyrite, sphalerite, hematite, molybdenite, scheelite, tourmaline, calcite, and fluorite.

 Several showings are located on the Property (See mao below).

·      In 1984, Twin Buttes Exploration Inc. discovered a north-south oriented quartz vein averaging 1 m in width that hosts anomalous gold mineralization and occurs along the edge of a pond.  Gold-bearing rusted quartz boulders were also located at the south end of a bay and were thought to be locally derived. Assays of us to 16.04 g/t were obtained from a boulder (work report 41P15NE8326).

 ·      In 1966, Midrim Mining Co. Ltd. completed magnetic and electromagnetic surveys, as well as prospecting (work report 41P15NE8273). Values of up to 1.24g/t Au, 403 g/t Ag, and 2.76% Cu were reported.

 ·      In 2009, Pro Minerals Inc. completed prospecting and trenching (work report 20006990). Values of up to 0.25 g/t Au, 785 g/t Ag, 11.3% Cu, and 22.5% Pb were reported.

·      In 1988, Resources Kimex Inc. reported significant grab samples in work report 41P15NE8315 and 41P15NE8609 such as 24 g/t Au, 2.22 g/t, and 105 g/t Ag, 2.7% Cu, 1.4% Pb. The location of the latter sample is the site of MDI #41P15NE0048 which references on ODM report for 1909 that describes a quartz vein being discovered on the east side of Cameroon Lake. Work that year included stripping, test-pitting, and sinking of 2 shafts to a depth of 25 ft. Fine visible fold was reported from the shaft sunk on the vein.

KING GOLD PROPERTY

MATACHEWAN, ONTARIO

 The King project is located approximately 65 km WSW of Kirkland Lake in NE Ontario in Baden Township.  It is also located 7 km north of the Young-Davidson Gold Mine currently in production and operated by Alamos Gold Inc. 

There has been limited exploration on the property.  Some limited work was done until 1978 when a land caution stopped work.  This moratorium was lifted in 1995 when again limited work was done

The King property is an early stage exploration property part of the Abitibi Greenstone Belt which consists of E/NE and W/SW trending archean felsic to mafic metavolcanics.

Approximately 10% of the property has outcrop exposure which consists of intermediate to mafic lavas, agglomerates and porphyries of Konjevis affinity further intruded by N-S  diabase dykes.

The western extremity of the Cadillac-Larder Lake Fault(CLLF) is located approximately 10 km south of the property.  Several splays off the CLLF branch off between Kirkland Lake and Matachewan.  Historical production from the Young-Davidson and Matachewan Consolidated Mines to the south of the property was almost 1 million ounces of gold between 1934 and 1957.

A significant shear zone is located on the property and hosts auriferous mineralization consisting of disseminated pyrite and gold bearing quartz/iron carbonite veins in intermediate to mafic volcanics.  Assays reported by Sylvanite Gold Mines in 1940 included 6.5g/t Au/5.2m and 17g/t Au/1.5m from channel sampling.  Work in 1997 by Maude Lake Exploration in the same zone over a length of 120m returned values of 14.1, 8.0 and 21.7 g/t.  Less than 200 m of this potential 3000m long target has been looked at.  Sampling in 1998 on the same zone also revealed best assays of 3-31 g/t gold.  Visible gold was also observed within a quartz vein in one trench

The objective of future work on this property is to further explore the identified shear zone in detail and to identify other structures on the King property.  More detailed information can be found in a report which summarizes the most recent field work we are aware of in 1998.

BACHELOR EAST GOLD PROPERTY

The Bachelor East Gold Propety is located approximately 230 km NE of Val D’or, Quebec, Canada and approximately 7 km east of the town of Desmaraisville in the Township of Le Sueur.  The property consists of 6 active claims(approx. 330ha) and 3 pending claims(approx. 165ha).

The property is located 3.5 km east of the Bachelor Lake mine currently operated by Metanor Resources Inc.  The mine is location on the west side of the O’Brien Pluton which is assumed to be the main driver(heat source) of gold in the surrounding rock.  The original O’Brien showing was located on the east side of the pluton though subsequent exploratory work was focused on the “Main Vein” on the west side.

The underground deposit on the west side of the pluton is currently being mined.  There is speculation that there may be richer zones on the east side of the pluton.  The current 43-101 resource at Bachelor Lake Mine is approximately 500k oz gold in all categories at grades between 6.5 and 8.3g/t gold.

The property is located within the Northern Volcanic Zone of the Archean Abitibi Greenstone Belt and lies along the NE trending Wedding-Lamarck Fault.  Deposit types at the mine include polymetallic zinc mineralization and orogenic gold.

Exploratory work continued intermittently between 1946 and 1975 at the Bachelor Lake property with an outlined resource of 739,000 short tons at 0.18oz/t gold by the end of that period.  Undergrouind mining had produced 130k oz at 5.0g/t by the end of 1989 when production stopped.  In 2005, Metanor Resources acquired the property, continuing exploration and refurbishing the production facilities.  Actual commercial production restarted in Nov, 2013 producing approximately 45k oz gold per year.

LAC SHORTT SOUTH GOLD PROPERTY

Coming shortly.