Fire Mountain Au/Cu,Ni,Zn/PGE Proper
HIGH GRADE GOLD FOUND ON FIRE MOUNTAIN PROPERTY
Recently we ( the Prospectors ) made a significant new high-grade gold discovery on the property. Several highly brecciaed, angular boulders have been located in a small creek, 150 meter north of the Trans Canada Highway The boulders are strongly altered with ankerite, carbonate, silicification, quarts/tourmaline veining and contain 3 to 5% pyrite. An angular 30 kilogram boulder from this location also contained fine visible gold. assay analysis of this material returned assays of 91.2 g/t to 189.0 g/t Au and up to 40 g/t Ag.
Sample No. Au g/t Au oz/t Ag
95943 189.0 5.52 40.
558753 91.2 2.67 10.2
2155 172.1 5.02 no assay
Additional prospecting located a brecciated, altered, south dipping, northeast-southwest trending structure in bedrock located approximately 600 meter north of the discovery site. Although bedrock exposure is limited, alteration consisting of ankerite, carbonate, silicification quartz/tourmaline veining and pyrite is evident. To date, the zone has been traced intermittently for approximately 400 meters, has an apparent width of 50 to 60 meters, and remains open along strike in both directions. Several bedrock grab samples taken by Ministry of Northern Development and Mines Resident Geologist, Thunder Bay, Ontario returned gold values to 2.86 g/t Au and we Prospectors located four more gold showings on the property up to 2.0 g/t Au and up to 8.7 g/t Au in soil sample taken out the creek draining Robertson Lake at Jackfish Lake.
The property lies within the productive Hemlo-Schreiber Greenstone Belt which hosts several world class mineral deposits including the Hemlo Gold deposit ( + 80 million tones at 7.7 g/t Au ), located approximately 60 kilometers to the east.
Property Location Sample Location Fire Mountain claims
The Fire Mountain property consist of 312 claims, 4.992 ha. and is located in the Tuuri, Syine and Walsh Twp. Thunder Bay Mining Division.
The recent float discover was followed up-hill to an outcropping zone of similar silica-albite-sericite-carbonate breccias with minor tourmaline and 1-4 % pyrite, possibly after original ultramafic rocks, within a broader zone of deformation and alteration from which samples of to 2.8 g/t Au were collected by Ontario Geological Survey (OGS) geologists (Mark Smyk). The exposed zone is at least 400 meters long and up to 50-60 meters wide. Other alteration zones consist of green-carbonate or "fuchsite" (mariposite) in a wider shear zone with abundant iron carbonate.
Review of the available information indicates that mineralization lies within a major regional-scale deformation zone identified initially in OGS mapping, with the property covering over nine kilometers of strike and 1,500 of width across-strike of the major splay-fault structures as they cut through a variety of more-or-less altered mafic and ultramafic rocks as well as gray wake-siltstone sedimentary rocks. The overall map distribution of various rocks display classical sigmoidal shapes as in volcanic rocks, felsic and mafic intrusive rocks as well as numerous planar to curvilinear faults and shear zones. There are extensive areas of carbonate alteration in both the sedimentary and mafic volcanic rocks, as well as more limited zones of silicification. Rocks identified on the available OGS maps as iron formations in fact consist of a variety of rock types favorable for gold mineralization which may be of structural-alteration origin including: (1) chert (tuff) with sulphides and minor magnetite; (2) sulphide-bearing sugar quartz and ribbon quartz; and (3) rusty weathering siliceous, graphite schist. The major part of the deformation zone lies along the regional amphibolite-greenschist (biotite-garnet) isograd. The area is intruded by granitoid stocks as well as felsic porphyritic bodies which are themselves show drag-folded outlines within the axis of the major deformation area.
The area has seen only limited exploration, although large parts were covered by claims and limited initial stage exploration following the discovery of the gold mineralization at Hemlo. The majority of the targets that were identified at that time were considered to be primarily for base metal massive sulphide mineralization similar to occurrences in the felsic volcanic rocks immediately to the north in the Steel River belt. A single 124.62 meter drill hole completed in February, 2003 tested the area of outcropping brecciated and altered bedrock located approximately 900 meter north-northeast of the high-grade float. It intersected an 11.83 meter long interval of brecciated and altered, (silicified, quartz-carbonate, sericite and albite) silstones, gray wackes and ultramafic rocks containing 2 to 5 % pyrite. The highest individual assay was 0.42 g/t Au over 0.80 meters widthin an overall anomalous section in Au of 45 meters in the drill core. No VLF, EM, MAG or IP where carried out on the property. This drill hole was drilled on the fact that we got anomaly Gold values in rock samples over 50 meters on surface.
- Chalcopyrite and nickeliferous pyrrhotite found in sheared fragmental volcanic rocks and iron formation about 3/4 mile east of the southeast corner of Jackfish Lake. Grab samples from a gossan zone of 150 feet in width contained anomalous values of 0.67 g/t Au, 1.4 % Cu, 0.35 % Zn and 0.24 % Ni.
- The heavy mineral survey on Cap Victoria in the western section of the property located two highly anomalous gold samples from the creek draining Roberson Lake. The two soil sample taken out the creek draining Roberson Lake assayed 1.875 g/t and 2.6 g/t Au. Soil samples from this creek taken in June 2003 by us, gave assay results up to 8.795 g/t Au. The area is apparently underlain by granitic rocks, but the gold values (1.875 g/t, 2.6 g/t and up to 8.795 g/t Au) against a background of less than 10 ppb appear very encouraging.
- In the most southern part of the property (Angel Lake): Interesting soil sample in Au, Ag, Pt, Pb, Cu and Pd where collected in that area and no follow up was done.
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email : rwahl@renegadeisp.com