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The Laurie property is located in Northwestern Ontario and is comprises 33 mineral claims totalling 660 hectares. The property borders the Eureka Gold Zone currently being drilled by Delta Resources Ltd. (TSXV: DLTA), which is located in the Dawson Road Lots, straddling the Trans-Canada highway, approximately 50 kilometres west of the City of Thunder Bay, in northwestern Ontario. There has been no known ground exploration or diamond drilling completed on the property.
To date, Delta Resources has traced the EGZ by diamond drilling over a minimum strike-length of 1.4 kilometres and to a vertical depth of approximately 220 metres. Gold is hosted in quartz-ankerite-pyrite veins and stock-work, within highly altered intermediate to mafic volcanic rocks, close to the contact with younger, Timiskaming-type sediments. The zone strikes east to east-southeast, dips steeply to the north and currently remains open along-strike and at depth.
The eastern extremity of the EGZ, as currently drill-tested, has returned the best results to date, with reported intercepts of 14.80 g/t gold over 11.9 metres (D1-22-18), 6.49 g/t gold over 10.0 metres (D1-22-24) as well as 130.00 g/t gold over 1.0 metre & 16.42 g/t gold over 1.5 metres (D1-22-25) (See Delta Resources Ltd. October 31st 2022 & March 21st 2023 News Releases). Visible gold has been observed in a large number of drill holes completed to date.
Sky Gold cautions investors that drill results and mineralization hosted on nearby properties is not necessarily indicative of mineralization that may be hosted on the Horne and Laurie properties.
The EGZ is intimately associated with a prominent magnetic low that continues for an additional 2 kilometres along trend to the east-southeast, beyond the high-grade intervals documented in the above drill holes. The magnetic low is thought to reflect hydrothermal alteration associated with gold mineralization. Clearly, this augurs well for extending the EGZ further to the east and expanding on the limits of known gold mineralization.
Discovery of the EGZ was made in follow-up work to an Ontario Geological Survey glacial till sampling program, completed in 1990. The survey delineated a clustering of sample sites over a large area yielding multiple pristine and modified gold grains, strongly suggesting a nearby bedrock source for such gold grains, in the immediate locale.
The Laurie property is contiguous with the south boundary of the Delta-1 property, containing the Eureka Gold Zone. It lies along stratigraphic trend to the west of several gold showings, including the South, Creek, Kaspar and Wedge occurrences.
The property is cross-cut by a number of prominent ENE-trending structures (060 degrees). Such structures appear to be one of the primary controls on gold mineralization within the Shebandowan greenstone belt, including at the EGZ, where such structures intersect crustal-scale faults, trending to the east and east-southeast.