Projects
MISHI PROJECT
MASSEY MINE
An IOCG Deposit
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Key Project:
MISHI GOLD PROJECT
- recent consolidation of Wawa gold properties.
- 19,000 acre property located 50 km northwest of Wawa, Ontario.
- year round access by all weather road.
- power and operating mine and mill next door.
- contiguous to the south to Wesdome’s producing Eagle River Gold Mine (2Mt@9.1g/t Au).
- contiguous to the north to Wesdome’s past producing Mishi open pit deposit (1.25 Mt @4.8 g/t Au) and the past producing Magnacon Deposit (1.54 Mt @ 6.9g/t Au).
- geology is similar to the Holt-McDermott Mine in the Harker-Halloway area east of Timmins, Ontario.
- Dorset Zone is a primary, hydrothermal, stratiform gold system with a minimum of 1 km strike length open in all directions. (3.74 g/t Au over 22m and 6.6g/t Au over 3.05m).
- The Marten Zone mineralization occurs in EW to NW trending brittle-ductile shear zones and sugary quartz veins with disseminated pyrite and arsenopyrite and is located 400 metres to the south of the Dorset zone. (7.45m @ 5.05g/t Au and 3.05m @ 6.2 g/t Au)
- Several new targets dill ready (10m wide quartz-pyrite-arsenopyrite vein hosted by a 12m wide mineralized shear zone)
Mishi Property
- 328 claims (13,000 acres) owned 100% by Terex
Murgor Option Mishibishu Property
- 114 claim units (4500 acres)
- Earn a 75% interest by incurring $1.5 million in exploration over 5 years and completing a feasibility study in the following 3 years.
- Cash payments totalling $200,000 and issuing 750,000 shares over 5 years.
MetalCorp Option Dorset Property
- 18 claim units (1500 acres)
- Earn initial 50% interest by incurring $2.0 million in exploration over 5 years.
- Cash payments totalling $220,000 and issuing 900,000 shares over years.
- Earn an additional 20% interest by completing a feasibility and making an additional cash payment of $100,000 in the next 3 years.
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