HOWIE LAKE

Howie Lake

Region

Kenora Mining District

Metals

Au-Ag

Stage

Advanced Stage – Targets Identified

Ownership

100% Ashley Gold Corp

Size

1,000 HA

Target Style

Shear hosted Quartz Veins

Operator

Ashley Gold Corp

2023 Planned Program

Drill program pending financing

Introduction

Ashley Gold Corp acquired 64 mining claims over approximately 1000 Ha just south of Ashley’s Tabor Lake Mine Project. The Howie Lake claims share a common boundary with the Thundercloud Lake (Pelham Project) that is currently operated by Dynasty Gold and hosts a defined resource of 180,000 oz Au.

The Howie Lake Property is located 55 km to the southeast of Dryden, Ontario. The property can be accessed through a year-round gravel road that leads south of Trans-Canada Highway #17, the main access road from Thunder Bay, Ontario.

  • Geology and structure of the property area is analogous to the TIMISKAMING TYPE in the Abitibi belt.
  • Highly Anomalous gold over large area (3km x 2km).
  • Extensive carbonate alteration zones. Structurally controlled gold environment.
  • Positive drill results that require follow up.
  • Next door to (Dynasty Gold Corp) Pelham Gold Deposit on adjacent property that has recent drill program success, intercepts include: 1.5m of 246g/t Au, 3m of 101g/t Au, 12.5m of 25.66g/t Au, 28.5m of 13g/t Au and 51m of 7.35g/t Au.
    (From Jan. 16/23 press release)

Exploration Targets

The reconnaissance program consisted of prospecting and sampling along the road-cut area of the Main Katisha Shear Zone; one of the nine known gold occurrences within the Project bounds, located on the north end of the Howie Lake Project. The program was undertaken to verify historic sample results and test the gold prospectivity of the area. A total of 5 surface channel and chip samples were collected along the road exposure of the Main Katisha Zone. Gold values ranged from 0.381 g/t Au up to 52.80 g/t Au with an average aggregate grade of 11.17 g/t Au across a strike length of approximately 16 metres

Shear Zone System Highlights

Main Katisha

  • Zone traced for 100m
  • Mineralization ranges from 1.2 g/t Au to 30 g/t Au
  • Poorly understood at depth with an historical drill intercept of 4.28 g/t over 2.8m*

 

South Katisha

  • Wide zone of pervasively carbonatized, and silicified metagabbro
  • 35 g/t Au over 5m*

 

Howie Zone

    • 100m southeast of South Katisha. Similar orientation and alteration/mineralization suggests extension of South Katisha Zone
    • Thundercloud Porphyry dyke within the zone
    • Grab samples assayed up to 5 g/t Au

 

Fiji Zone

  • Gold bearing zone traceable for over 300m
  • Chip Sample ran 5 g/t Au over 5m
  • Historical drill intercept of 4.28 g/t Au over 3.1m*

 

Twilight Zone

  • Triangular 15m by 25m zone that has been mechanically stripped showing intense alteration with carbonatization and silicification
  • Most sampling including all channel samples were not submitted by Esso, however more recent samples show up to 6 g/t Au

 

Howie Lake Carbonate Zone

  • >200m in length with an alteration zone up to 20m in width
  • Little information available, however visible gold was documented in one hole intersecting the zone

 

Kawie Brecciated Zone

  • Heterolithic Breccia up to100m in width
  • 2022 sampling revealed grades of up to 1.5 g/t Au

 

Zig Zag Zone

  • 5-20m sheared meta-gabbro
  • Historical drill intercept of 1.24 g/t Au over 0.9m*

Historical Highlights

The Howie Property has several known historical mineralized zones sampled at surface and, in some cases, drilled.  Generally, the mineralization is structurally controlled within or adjacent to shear zones.  Thundercloud-type porphyry intrusive dykes have been identified at surface and in drill holes.

Esso performed two drilling campaigns in 1986 and 1987 before they exited the mineral exploration space and focussed on oil and gas production.  Year-round access is excellent with a main forest service road running through many of the mineralized zones. 

Geology

The claim group is underlain by two stratigraphic groups of supracrustal rocks: the Wapageisi Lake group, and the Stormy Lake group. The metavolcanics of the Wapageisi Lake group comprise a thick sequence of pillowed, mafic volcanics of tholeiitic affinity with thin intercalated horizons of intermediate to felsic calc-alkaline flows and associated interflow sediments (chert/argillite). The sequence is capped by a thick (> 1 km) sequence of mafic to felsic pyroclastic breccia. Unconformably overlying the Wapageisi Lake group is the Stormy Lake group which consists of a thick {3000 m) succession of polymictic and volcanic conglomerates with thin intercalated rhyolite and basaltic flow horizons.

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