Gander District
OVERVIEW
The Leocor Gander Portfolio is a 7,000-ha land package containing 278 claim units and is located less than 20km from the town of Gander, Newfoundland.
The Property is accessible along abandoned provincial railway bed east of Benton which requires a special permit for vehicle use other than ATV or skidoo. Or through the McCurdy gravel operations on the Reid Lot located north of the Trans-Canada Highway at the east end of Gander Lake.
Startrek Project
iNTRODUCTION
The Startrek Project is a 7,000-ha land package containing 278 claim units and is located less than 20km from the town of Gander, Newfoundland.
The Property is accessible along abandoned provincial railway bed east of Benton which requires a special permit for vehicle use other than ATV or skidoo. Or through the McCurdy gravel operations on the Reid Lot located north of the Trans-Canada Highway at the east end of Gander Lake.
GEOLOGY
Property is in the Gander Zone, underlain by rocks of the Gander Group that are divided into early-to-middle Ordovician Indian Bay Big Pond Formation, Cambrian and Early Ordovician Jonathan’s Pond Formation, and the Square Pond Gneiss.
The Indian Bay Big Pond Fm tends to be characterized by more prevalent black pelitesversus the quartz rich psammites of the Jonathan’s Pond Fm.
The Square Pond Gneiss occupies the eastern part of the property and is a km wide belt of rocks that underlie metamorphosed equivalents of Gander Group rocks.
- The Project contains three areas of interest, the Western, Central and Eastern Zones. More than 50 gold occurrences have been discovered on the property through previous trenching and grab samples.
- The Western Zone features gold mineralization outlined for 2km, with grab samples** up to 3.5 grams-per-tonne (“g/t”) gold (“Au”) in quartz stock work, with veins featuring epithermal features, arsenopyrite and trace amounts of stibnite
- The Eastern Zone has been traced for 2km and displays characteristics of hydrothermal alteration, with solidification, albite, and tourmaline. Assays range from 12 ppb to 3.5 ppb Au and average 130 ppb Au
- The Central Zone has seen trenching by Rubicon Minerals, which focused on gold showings in epithermal veining, and which produced highly anomalous values of gold, arsenic and antimony, and sampling by White Metal which produced grab samples** up to 40 g/t Au
**The surface grab samples described in this news release are selective by nature and are unlikely to represent average grades of the Project
Historic results
Western Zone: Quartz stockwork and veins that at times, crosscut local stratigraphy. Rubicon reported anomalous gold in rock grab samples occurring periodically over the 2 km strike length. Numerous small folds were observed in the sedimentary hostrock but due to the thin cover it was difficult to determine if there was epithermal veining present. Rock grab sampling (nine samples) by White Metal returned assays ranging from <5 ppb to 3582 ppb Au (3.6 g/t Au). This area contained up to 0.83% Sb (antimony)
Central Zone: One grab sample assayed 40942 ppb Au (40.9 g/t Au) and 6700 ppb Ag (6.7 g/t Ag. The intriguing feature about this horizon is the epithermal vein system contains geyserite (opaline silica), lattice-type veining, and fluorite in the historical Rubicon trenches. The epithermal veins can be traced for approximately 2 km along strike.
Eastern Zone: This zone can be traced intermittently for 2 km and is described as intensely silicified with tourmaline and chlorite alteration, abundant arsenic and anomalous tungsten (W) and gold. Two areas within this zone, Garlic Hill and Creek One.Assays range from 12 ppb to 3.5 ppb Au and average 130 ppb Au. At Garlic Hill, a 10 to 12 metre-widezone of silicification contains abundant arsenic and returned assays up to 305 ppb Au.
MAPS
