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Island Lake

Summary

Callinex's Island Lake claims cover 5,303 hectares of land in the Island Lake area in East-Central Manitoba, approximately 220 km from Norway House, Manitoba by aircraft. The property hosts several showings with assays over 1 ounce of gold per ton over a strike length greater than one mile. Historical drill holes on the property have shown values of up to 25.9 g/t gold, and grab samples have assayed up to 4.8 oz/ton gold, 4.7% copper, 3.6% lead and 2.2% zinc. A 70 ton sample was mined from two pits on the property, from which 47.25 oz of gold was recovered.

Also nearby is the former producing Island Lake Gold Mine, located directly on the Island Lake shear zone, which runs through the property. There are many faults and splays stemming from the shear zone, which have been shown to host gold mineralization. The Island Lake Mine produced 5,741 ounces of gold from 7,000 tons of rock in the mid 1930's.

The regional geology consists of the Island Lake greenstone belt, which is dissected by the Island Lake fault. The belt consists of the typical volcanic suite ranging from mafic to felsic rocks with sedimentary rocks interbedded and overlaying the volcanics.

The splays from the Island Lake Fault have been shown to host gold mineralization in strongly deformed quartz-ankerite veins, ranging in widths up to 1.8 meters.

The most favorable concentration of veins is on the Car claims, where several narrow mineralized quartz veins are present in Trench PT-1 over a 22 meter strike length within a shear zone, with gold values in the wall rock. The combination of high grade veins and sufficiently mineralized wall rock could present an opportunity for a "bulk tonnage" operation. Drilling on this target will be conducted to determine the area's potential. There are seven showings with assays over 1 ounce of gold per ton over a strike length greater than one mile.

There has been limited drilling on the property. Most drilling was carried out on one claim westerly adjacent to the Island Lake Gold Mine. Drilling by the previous operator intersected gold mineralization in several holes up to 25.97g/t gold and 86.88g/t silver over 2.1 meters and 15.88g/t gold and 18.93g/t silver over 3 meters.

Towards the eastern side of the property, further down the Island Lake shear zone, work conducted by previous operators includes numerous instances of trenching and bulk sampling.

Project Video

A chronological history of known work is as follows

1932-34

6 diamond drill holes completed, 5 of which encountered narrow sections of massive sulphides varying in width from six inches to one foot and averaging about 0.75 oz/ton gold. Two 35 ton bulk samples recovered 47.25 ounces of gold.

1981

Grab samples taken from four known gold occurrences returned assays of:

  • 6.17g/t (0.18oz/t) gold (sample #5)
  • 33.3g/t (0.97oz/t) gold, 155.6g/t (4.55 oz/t) silver (sample #6)
  • 5.50g/t (0.16oz/t) gold, 28.8 g/t (0.84oz/t) silver (sample #7)
  • 164.6g/t (4.8oz/t) gold, 168g/t (4.9oz/t) silver (sample #8)

A humus sampling program outlined a mineralized zone, and rock chip sampling resulted in the discovery of 11 more gold occurrences. Sampling highlights returned 18000 ppb gold and 19813 ppb silver. Another zone returned values of 4.7% copper, 3.6% lead and 2.2% zinc.

1982

Rock sampling by the Manitoba Government assayed from 36.3g/t (1.06oz/t) to 129.6g/t (3.78oz) gold.

1983

106 meters of trenching were sampled by a previous operator. The following are highlights of the trenching:

  • Trench A - 10.9g/t (0.32 oz/t) gold
  • Trench C - 40.8g/t (1.19 oz/t) gold
1987-1998

Grab samples collected range from 0.3 oz/t - 4.95 oz/t gold

All historical assay values, grades referenced and work descriptions at the Island Lake property have been sourced from records of work of previous operators filed with the Manitoba Government. The work was conducted prior to the implementation of NI 43-101, and Callinex has not been able to verify the methods used and the quality assurance and controls, if any. Therefore these early results are disclosed for information purposes only, may not be relevant and should not be relied upon.

Callinex Mines has flown an airborne VTEM survey on the property, and has planned drill testing of targets located by VTEM survey and by IP surveys conducted by previous operators, as well as targets in the known area of bulk sampling. This drill testing will be conduced as soon as permitting and access has been arranged.

The Island Lake exploration program is being conducted under the direction of Pat Deveaux, P.Geo, a qualified person as defined by national instrument 43-101, who has reviewed and approved the contents of this summary.

Reports on Previous Work