KENORA DISTRICT PROJECTS

Ashley Gold Corp has acquired 2 sets of highly prospective mining claims in the active mining area of Southern Ontario

THE KENORA DISTRICT OF ONTARIO

"New Klondike"

The Kawashegamuk Lake area became known as the "New Klondike" after the 1896-1899 gold rush in Klondike, Yukon. This area has been known to host several large-scale gold deposits.

High Priority Targets

Each project has identified high priority target areas through rock sampling and surveying with proven gold occurrences that require additional follow up exploration.

Year-Round Exploration

With main access roads just 10km south of the Trans-Canada #17 highway and a working season that is considered to be year-round, these properties make for excellent news flow.

THE SANTA MARIA PROJECT

Ashley Gold Corp acquired 100% interest in 48 single cell mining claims over 2500 acres known as the Santa Maria Property. The Kawashegamuk Lake became known as the “New Klondike” after the 1896-1899 gold rush in Klondike, Yukon. The Santa Maria property lies within the Eagle-Wabigoon-Manitou Lakes Greenstone Belt. This belt is peppered with granitic batholiths which are thought to be derived from the same magmas as the belt volcanics. The (EWMGB) is roughly 80 km long and 40 km wide. Several large regional faults cut the belt, but the northwest trending Kawashegamuk Lake Fault Zone passes along the edge of the Santa Maria Property.

This active mining area has been known to host several large-scale, multi-million ounce gold deposits, some of the most notable being the Rainy River Deposit, Cameron Lake, Goliath Gold Project and the Shoal Lake Gold Project. The Santa Maria Property hosts structurally controlled lode gold deposits of Archean age, similar to the lode gold deposits located in Timmins, Kirkland Lake, and the Red Lake mining camps.

The working season in this region is considered to be year-round with very few exceptions. There are at least four known gold showings reported to be on the property within the 48 mining claims. These showings include the Santa Maria Shaft Zone (Shaft #1), The Lee Lake South Occurrence, The Lee Lake North Shore Occurrence, and, the Long Lake Gold – Quartz Vein.

  • The Santa Maria Property is located 40 km to the southeast of Dryden, Ontario in the Kawashegamuk Township. The property can be accessed just 10 km south of Trans-Canada Highway #17, the main access road from Thunder Bay, Ontario.
  • An airborne EM & magnetic survey flown in 2012 by Geotech Ltd, identified 3 distinct EM anomalies. Each anomaly is suggestive of bedrock conductivity and should be considered high priority areas for follow-up exploration work.

TARGET AREAS

  • The Santa Maria #1 Shaft Zone consists of sheeted quartz veining and quartz stockwork veining that occurs along the contact between felsic dykes and intensely carbonated mafic volcanics. The quartz vein zone ranges from 0.3 to 1.2 meters wide. Numerous individuals and companies have collected grab samples from the prospect, including; 25.7 g/t Au (Parker, 1988), 16.8 g/t Au (Fairservice, R.J. 2009), and 9.26 g/t Au (Long Lake Gold Mines Ltd, 1902).

 

  • The Lee Lake South Occurrence is located south of Santa Maria Shaft Zone and is described as being two intersecting ribbon-textured quartz veins (4cm and 56cm wide) that are exposed in an open cut. The veins are hosted within a sheared and carbonatized quartz-feldspar porphyry dyke which intrudes mafic volcanic rocks. Six samples were collected with reported assays up to 11.66 g/t Au.

 

  • The Lee Lake North Shore Occurrence is reported to be an east-west trending carbonatized and silicified felsic dyke, several meters wide, containing disseminated pyrite, galena and chalcopyrite. Two grab samples were collected and assayed 0.7 g/t Au and 1.21 g/t Au (Parker 1989)

 

  • Long Lake Gold – Quartz Vein was discovered 90 meters north of the Santa Maria Shaft Zone. This vein was reported by Long Lake Gold Mining Company as being “very wide and returned gold values” (Kresz, 1984) This vein is 1.2 meters wide and was traced for approximately 58 meters in strongly sheared sediments. Trench samples were reported to assay from trace up to 8.23 g/t Au.

THE HOWIE LAKE PROJECT

Ashley Gold Corp acquired 64 mining claims over approximately 1000 Ha just south of Ashley’s Santa Maria 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 200,000 oz Au.

  • 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.
  • Recent sampling by the author has identified wide intervals of low-grade gold (0.3 – 1.1 g/t Au) over widths of 30 m in a heterolithic brecia unit.
  • Positive drill results that require follow up.
  • Next door to (Dynasty Gold Corp) Pelham Gold Deposit on adjacent property that has wide historic drill intercepts: DOH 88-10: 113m @l.72 g/t Au. (Pelham), DOH TC08-11: 55.25 m@ 2.19 g/t Au, including 9.34m @7.91 g/t Au (Pelham) DOH 88-05: 60.3m @ 1.46 g/t Au (Pelham)

 

There are seven (7) known gold occurrences documented in the OGS Mineral Deposit Inventory that lie within the Howie Lake Property that have seen little modern-day exploration. The property is dominated by three distinct phases of shear zones and fault development. Two parallel fault zones (West Fault Zone and East Fault Zone) have been identified between Howie Lake and Katisha Lake that require further exploration. The East Fault Zone is host to numerous gold showings, The Katisha South Zone, Howie Lake Zone, Swamp Zone, and the Twilight Zone. The West Fault Zone is host to the Zig Zone.

Howie Lake in Relation to the Santa Maria Property

  • 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.

TARGET AREAS

  • Howie Zone – The Howie (Old Timer Zone) occurs 100 metres southeast of the South Katisha Zone and is the southern extension of the same structure with similar alteration and mineralization suggesting that the South Katisha structure has a minimum strike length in excess of 250 metres. The Howie zone is exposed over a strike length of 50 metres with an exposed width of 5.0 metres. A sheared and carbonatized Thundercloud Porphyry dyke, 1 m wide, cores the zone which dips 50 to 80 to the west. The footwall and hangingwall gabbros are extensively carbonatized and sheared. The zone itself is composed of a colliform textured carbonate vein ranging in width from 1.0 to 2.5 metres with locally abundant (5-10%) pyrite. A silicified lens, up to 2.0 wide occurs in the middle of the zone. This lens has abundant pyrite (up to 15%) and fuchsite. Grab and channel samples have returned values of 0.5 to 5.0 g/t Au. Parallel silicified/carbonatized zones presumably lie to the west underneath the swamp for approximately 10 metres, based on the drill intersection in the South Katisha Zone. Glatz and Riives discovered a 10 m wide by 75 m long NE trending zone hosting anomalous gold values branching off the Howie Zone area.
  • Twilight Zone – Esso Minerals Canada report the following: The Twilight Zone occurs approximately 200 metres southeast from the Howie Zone. The Twilight Zone is exposed on surface in a triangular (15 x 25 m) shaped area marked by extensive fuchsite alteration, carbonate veining and irregular sericitized and silicified zones. Channel sampling to date indicates values up to 6.5 g/t Au, throughout various alteration facies. The zone itself lies on the eastern edge of the “East Fault Zone” where it intersects the Howie Lake carbonatized zone. Hydrothermal alteration of the Twilight Zone has evolved four distinct zones/facies: (a) quartz-carbonate-sericite-pyrite, (b) silicified pyaspy-bearing zone, (c) massive colliform-textured carbonate vein, and (d) chlorite-carbonate-fuchsiteleucoxene-pyrite schist. A small lens of brecciated carbonate measuring 1.0 x 2.0 metres, containing 5 to25% pyritized gabbro fragments gave the highest gold values up to 6 g/t Au on the showing. The alteration zones occur as parallel, northeasterly trending layers which truncate against carbonatized gabbro to the southwest. The western margin of the zone grades into a northerly trending shear zone with the intensity of schistosity increasing towards the west. Several parallel silicified (quartz-fuchsitepyrite)pods and lamprophyre/gabbro and monzonite dykes occur in this shear. An intensely carbonatized, vesiculated lamprophyre dyke trending parallel to a 100 foliation cuts across the zone from east to west. Towards the western limit of the zone the dyke shifts to a 30-degree direction parallel to the north-south shear. As in all other zones on the property, the mafic dykes are intruded into predeveloped structures and hence are intruded late in the structural development of the zones. These dykes, however, are invariably carbonatized and therefore most likely are intruded before or during the peak of carbonate alteration. Additional drilling of this zone is warranted because of its large size, the intensity of alteration present, and the down dip/plunge potential of the gold bearing zone to widen out based on the apparent obliquity of the hangingwall and footwall.
  • Kawie Deformation Zone – Recent prosecting by the author of this report has led to the belief that this is an overlooked deformation zone in the heterolithic breccia unit that may splay off the Mosher Bay-Washeibemaga Lake Fault. The Kawie Zone is developed in the heterolithic breccia unit that extends for over 700 m across Kawiejekima Lake. The zone trends southeasterly and ranges in width from 50 to 150 metres. The volcanic breccia is moderately to intensely carbonatized, and locally sericitized, pyritized and silicified. Up to 10% Py occurs as disseminations and clots in the more silicified sections. Heavy carbonate alteration is present in places making the original rock type difficult to identify. Fine tourmaline needles are present in clusters in the heavy carbonated sections. Recent sampling has returned gold values in the 300-1100 ppb range over wide intervals at various locations in the Kawie Zone.
  • Fiji Vein – The host rocks for the Fiji Zone appear to be a relatively flat lying mafic to ultramafic sill as described by previous workers. The Fiji Vein is an anastomosing gold bearing zone that strikes in an east west fashion and is traceable for over 300 metres. Numerous high-grade samples up to 16 g/t Au have been reported from this structure. Most recently a chip sample over 3m returned over 5 g/t Au. Most of the silicified lenses at the Fiji Zone are oriented from north-south to 030 degrees and their dip orientation is unclear. Previous work has assumed that the mineralized zones are parallel to the apparent strike direction of the host structure, i.e., 100 to 110 degrees. There is a strong probability that the mineralized lenses are either stacked en-echelon along this trend or they are developed along the axis of pre-existing folds.

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