Northern Eagle Gold Property, Hemlo Gold Area, Ontario Summary: The 46.9 square kilometre Northern Eagle Gold Property is situated in the well-known Hemlo gold mining camp located in Northwestern Ontario, Canada. The property is only 15 kilometres west of the world class 21,000,000 mega-ounce Hemlo gold deposit currently being mined by Barrick Gold Corporation. Infrastructure is excellent for exploration and gold mining operations. The Northern Eagle geology is highly similar to that occuring at the Hemlo gold deposit and represents the best target area for the discovery of another Hemlo-style mega-ounce gold deposit. Northern Eagle is essentially untested by diamond drilling to Hemlo gold deposit depths; 90% of the Hemlo deposit occurs below 500 metres depth. In March of 2010, Caracle Creek International Consulting Inc. completed a Gocad® computer geotechnical data model for the Northern Eagle gold property. Jiminex has used this model to plan target areas for deep-penetrating ground geophysical surveys and will be using it to plan a subsequent deep diamond drilling program. The deep-penetrating geophysical program is planned for early July 2010 and the drilling for late fall or early in 2011. (Click Here for more details for Northern Eagle Gold Property.......) Parres and Parres Two Properties, Snow Lake Mining Camp, Manitoba Summary: The Parres Property, 39.7 square km in area, covers about 4 kilometres of favorable copper-zinc-gold-silver massive sulphide and gold mine rock stratigraphy located between the past-producing Stall and Rod Mines to the west and the Osborne Mine to the east. The nearby Parres Two property, 14.7 square km in area, was staked by the company in February 2010. The newly discovered Lalor Lake copper-zinc-gold-silver volcanic massive sulphide deposit is located about 20 kilometres to the southwest hosted in rocks similar to those occurring on the Parres Property. The past-producing Britannia Gold Mine (formerly the Nor-Acme Gold Mine) is located about 15 km southwest in a similar geological environment to that occurring on the Parres Property. In early October 2009 HudBay reported indicated and inferred resources for the Lalor deposit which have a combined total of approximately 17.3 million tonnes grading roughly 9% zinc and 0.6% copper. HudBay have also reported associated gold zones and a higher grade copper-gold zone (13.35 g/t gold, 5.33% copper and 0.35% zinc over 34.5 metres at a depth of about 1275 metres) making Lalor Lake possibly also a gold discovery as well. Additionally, HudBay plans to immediately begin a $85 million production ramp from their Chisel Lake North mine to the Lalor deposit. Nine past-producing HudBay mines in the immediate Snow Lake region have had past production and resources totalling roughly 25 million tonnes with grades ranging from 0.1 to 10.9% zinc and 0.2 to 6.4% copper. HudBay reports five diamond drills working on Lalor suggesting that this deposit may eventually exceed the production and reserve tonnage total of all the local base metal mines discovered and operated since the early 1950’s. In December 2009 and February 2010, HudBay Minerals reported favourable results on their continuing exploration of the new deep copper-gold zone discovered in September 2009. The Lalor Lake deposit is a significant deep discovery with the mineralization being located deeper than 800 metres below the surface. The Parres Property was extensively explored from 1960’s to 1980’s by ground geophysical surveys, geological mapping and by diamond drilling. Most of this geophysical surveying didn’t test below about 200 metres of depth and all of the historical drilling didn’t test below 100 metres of depth from the surface. Therefore, the Parres Property is essentially untested below 100 metres of depth, and is highly prospective below this depth, for Lalor and other similar massive sulfide copper-zinc deposits (Chisel, Anderson, Stall-Rod, Osborne Mines etc.) and for Lalor Lake deposit and Britannia Mine-types of gold mineralization. In February 2010, the Parres and Parres Two properties were flown with a mega versatile time domain electromagnetic (Mega VTEM35) and high sensitivity cesium magnetic, state-of-the-art airborne geophysical system which can detect conductive geological zones such as copper-zinc sulfide mineralized rock to depths of 500 to 600 metres, or even deeper depending on the geological characteristics of the survey region. The airborne survey data has been interpreted by the company’s geophysical consultants and diamond drill targets have been selected. Diamond drilling is anticipated to commence in July 2010. Click here for a Regional Geology and Location Map of the Parres and Parres Two Properties Feb. 25, 2010
Northern Eagle Gold Property, Hemlo Gold Area, Ontario Summary: The 46.9 square kilometre Northern Eagle Gold Property is situated in the well-known Hemlo gold mining camp located in Northwestern Ontario, Canada. The property is only 15 kilometres west of the world class 21,000,000 mega-ounce Hemlo gold deposit currently being mined by Barrick Gold Corporation. Infrastructure is excellent for exploration and gold mining operations. The Northern Eagle geology is highly similar to that occuring at the Hemlo gold deposit and represents the best target area for the discovery of another Hemlo-style mega-ounce gold deposit. Northern Eagle is essentially untested by diamond drilling to Hemlo gold deposit depths; 90% of the Hemlo deposit occurs below 500 metres depth. In March of 2010, Caracle Creek International Consulting Inc. completed a Gocad® computer geotechnical data model for the Northern Eagle gold property. Jiminex has used this model to plan target areas for deep-penetrating ground geophysical surveys and will be using it to plan a subsequent deep diamond drilling program. The deep-penetrating geophysical program is planned for early July 2010 and the drilling for late fall or early in 2011.
(Click Here for more details for Northern Eagle Gold Property.......) Parres and Parres Two Properties, Snow Lake Mining Camp, Manitoba Summary: The Parres Property, 39.7 square km in area, covers about 4 kilometres of favorable copper-zinc-gold-silver massive sulphide and gold mine rock stratigraphy located between the past-producing Stall and Rod Mines to the west and the Osborne Mine to the east. The nearby Parres Two property, 14.7 square km in area, was staked by the company in February 2010. The newly discovered Lalor Lake copper-zinc-gold-silver volcanic massive sulphide deposit is located about 20 kilometres to the southwest hosted in rocks similar to those occurring on the Parres Property. The past-producing Britannia Gold Mine (formerly the Nor-Acme Gold Mine) is located about 15 km southwest in a similar geological environment to that occurring on the Parres Property. In early October 2009 HudBay reported indicated and inferred resources for the Lalor deposit which have a combined total of approximately 17.3 million tonnes grading roughly 9% zinc and 0.6% copper. HudBay have also reported associated gold zones and a higher grade copper-gold zone (13.35 g/t gold, 5.33% copper and 0.35% zinc over 34.5 metres at a depth of about 1275 metres) making Lalor Lake possibly also a gold discovery as well. Additionally, HudBay plans to immediately begin a $85 million production ramp from their Chisel Lake North mine to the Lalor deposit. Nine past-producing HudBay mines in the immediate Snow Lake region have had past production and resources totalling roughly 25 million tonnes with grades ranging from 0.1 to 10.9% zinc and 0.2 to 6.4% copper. HudBay reports five diamond drills working on Lalor suggesting that this deposit may eventually exceed the production and reserve tonnage total of all the local base metal mines discovered and operated since the early 1950’s. In December 2009 and February 2010, HudBay Minerals reported favourable results on their continuing exploration of the new deep copper-gold zone discovered in September 2009. The Lalor Lake deposit is a significant deep discovery with the mineralization being located deeper than 800 metres below the surface. The Parres Property was extensively explored from 1960’s to 1980’s by ground geophysical surveys, geological mapping and by diamond drilling. Most of this geophysical surveying didn’t test below about 200 metres of depth and all of the historical drilling didn’t test below 100 metres of depth from the surface. Therefore, the Parres Property is essentially untested below 100 metres of depth, and is highly prospective below this depth, for Lalor and other similar massive sulfide copper-zinc deposits (Chisel, Anderson, Stall-Rod, Osborne Mines etc.) and for Lalor Lake deposit and Britannia Mine-types of gold mineralization. In February 2010, the Parres and Parres Two properties were flown with a mega versatile time domain electromagnetic (Mega VTEM35) and high sensitivity cesium magnetic, state-of-the-art airborne geophysical system which can detect conductive geological zones such as copper-zinc sulfide mineralized rock to depths of 500 to 600 metres, or even deeper depending on the geological characteristics of the survey region. The airborne survey data has been interpreted by the company’s geophysical consultants and diamond drill targets have been selected. Diamond drilling is anticipated to commence in July 2010. Click here for a Regional Geology and Location Map of the Parres and Parres Two Properties Feb. 25, 2010
Misehkow River Gold Property, Pickle Lake Gold Area, Ontario Summary:
(Click Here to view the Misehkow River Technical Report.....)
