The Goldbar Lake Property, Cu, Zn, Au (VMS)

The Goldbar Lake Property consist of 37 continues claims in the Walsh Twp. G-0635 and was one of the main drill targets

 from Phoenix Matachewan Mines on the Steel River Project.

Claim Number: 4200999, 4201000, 4201001, 4202002, 4209028 in the Walsh Twp. G-0635

For more Information on this property please visit: www.phoenixmatachewan.com

Steel River Project ( Southern centre zone)

Mineralization

Previous exploration has located several copper-zinc occurrences within the felsic sequence, near its anticlinal core. Examination of these indicates that these are stringer-type zones, surrounded by sericite-chlorite alteration, and rotated into the plane of schistosity. Immediately below the exhalite unit, the rocks are broadly manganese enriched, with    local base metal enrichment in several areas. Previous work focused on the stringer-type mineralization (e.g. the Starhill Zone) and ignored the upper part of the sequence where focused discharge and massive sulfide deposition appears to have occurred. For example, in the Bozema Lake area massive sphalerite occurs in the exhalite; this type of target is the primary focus of Phoenix Matachewan’s program. The past-producing VMS deposits in both the Manitouwadge (to the east) and Winston Lake (to the west) areas are both associated with felsic sequences (proximal at Winston, siliciclastic at Manitouwadge). The presence of possibly laterally equivalent strata at Goldbar Lake, including well developed volcanic breccia, coupled with excellent geochemical indicators of high-temperature hydrothermal discharge indicate high VMS potential in the Goldbar lake area. Goldbar Lake occurrence (0.98% zinc, 4.73% copper, 80.1 g/t silver and 0.76 g/t gold over 1.1m).

 

 

Prospecting on the Goldbar Lake Property April 2006