Gold bearing zones on the Esker property demonstrate favourable grade and width characteristics. Examples of significant intercepts include 8.2 g/T gold over 13m, including 17.7 g/T gold over 5.7m; and 2.4 g/T gold over 71m, including 14.8 g/T gold over 4.8m. See details of selected drill holes in table below.
|Hole||Interval (m)||Length (m)||Gold (g/T)|
|13||10.2 - 81.15||70.95||2.35|
|Inc||10.20 - 15.00||4.80||14.77|
|Inc||10.20 - 23.10||12.90||6.43|
|Inc||66.60 - 73.10||6.50||6.41|
|Inc||70.60 - 73.10||2.50||12.22|
|Inc||77.35 - 81.15||3.80||4.38|
|13||121.2 - 126.4||5.20||3.91|
|Inc||121.2 - 123.2||2.00||6.11|
|15||36.04 - 49.31||13.27||8.18|
|Inc||37.02 - 42.73||5.71||17.73|
|15||55.4 - 60.3||4.90||3.63|
|16||46.05 - 51.62||5.57||4.00|
|17||22.5 - 25.5||3.00||6.19|
|17||67.7 - 72.05||4.35||4.29|
|23||105.9 - 107.0||1.10||9.88|
|23||139.1 - 144.1||5.00||7.24|
|Inc||142.1 - 144.1||2.00||12.97|
|23||150.72 - 154.22||3.50||3.69|
Previously, gold bearing veins have been targeted within gabbro (mafic) units. Four gabbro units totaling at least 5km in strike length exist within a 1300 x 600m area providing opportunity for significant tonnage potential.
Based on analysis and field work, our new exploration model suggests that the mineralization expands beyond the gabbro units into surrounding porphyry/felsic volcanics.This model may assist in discovering wider zones of extensive mineralization.
The Esker property has a number of similarities to the 6+ million ounce Hemlo gold deposit in Ontario. Both occurrences are associated with mafic units and porphyry/felsic volcanics surrounded by sedimentary rocks with banded iron formation.
Esker has been established as a significant gold exploration target that now requires an advanced drilling program to determine if a sizable resource exists.
The 100% owned Esker property is located in Nunavut, less than 10km from the Henik Lake airstrip and approximately 175km from the community of Arviat.