Melema West Property Overview Atikokan, Ontario Property Summary - - PowerPoint PPT Presentation

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Jul 25, 2023 349 likes •435 views

Melema West Property Overview Atikokan, Ontario Property Summary Property hosted within the Wabigoon Subprovince increasingly recognized for its metal endowment (Hammond Reef, Cameron Lake, Rainy River) Property located north of the

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Melema West Property Overview Atikokan, Ontario

SLIDE 2

Property Summary

➢ Property hosted within the Wabigoon Subprovince increasingly recognized for its metal endowment (Hammond Reef, Cameron Lake, Rainy River) ➢ Property located north of the Quetico Fault and hosts a northeast trending second

rder structure called the Minto Shear Zone. This is a similar trending structure that

hosts 4.5 million ounces of gold in the Agnico Eagle Hammond Reef Deposit ➢ A recent discovery (2019) by Ontario government geologists of office archives document two diamond drill holes in 1962 that signify a previously unknown gold- bearing northeast trending structure named the Young-Corrigan Shear Zone. This deformation zone is sub-parallel to the Minto Shear Zone also within the Melema West claim group ➢ No assays were recorded with the drill logs but they describe ‘100’s of feet of sheared porphyry with quartz stringers and disseminated pyrite, pyrrhotite, chalcopyrite, galena and green ‘mica’. ➢ Excellent location, infrastructure and access

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Toronto Ottawa Thunder Bay Kenora Melema West Property

Regional Location

Red Lake North Bay

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Thunder Bay

Precious Metal Occurrences of Ontario

Northwestern Ontario Precious Metals

Melma West Property

➢ The Melema West Property is situated within the Wabigoon Subprovince which been recently recognized for its metal endowment hosting deposits such as Hammond Reef (Agnico Eagle), Cameron Lake (First Mining) and Rainy River (New Gold).

125 250 km

Wabigoon Subprovince

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Local Location and Access

Melema West Property 856 ha. Atikokan

N

5 10 km

➢ Excellent road access and nearby infrastructure

Sapawe-Upsala Road Sapawe West Property 1,147 ha.

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Recent Area Staking and Claim Fabric

Melema West Property May 2020 Sapawe West Property May 2020 Agnico Eagle Hammond Reef Agnico Eagle April 2020 Agnico Eagle June 2020

Extensive recent staking by Agnico-Eagle Mines signifies the merit of these northeast trending gold bearing structures.

3.5 7 km

N

Staked Claims Patented

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Regional Geology, Current and Historic Deposits

4 8 km

Hammond Reef Deposit 5M oz. Au, all categories

Mineral Deposits Fault/Deformation Zone

The Melema West Property is hosted along the Minto Shear Zone, a second order structure

ff the Quetico Fault

N

Atikokan

Mafic to ultra-mafic rocks Felsic to intermediate volcanic rocks Mafic to ultra-mafic volcanic rocks Mafic to intermediate volcanic rocks Felsic to intermediate volcanic rocks Metasedimentary rocks Mafic and ultra-mafic rocks Gneissic tonalitic suite Foliated tonalitic suite Muscovite-bearing granitic rocks Massive granite to granodiorite

Lithology Legend Melema West Property

Marmion Pluton

Sapawe West Property

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Melema West Property Mineral Occurrences

➢ The ‘lost’ drill logs from the Young-Corrigan work add a prominent undocumented northeast trending gold-bearing structure through the Melema West Property

N

Young-Corrigan Drilling 1962 2 drill holes not in assessment files. Drill logs describe 100’s of feet of highly sheared porphyry with quartz stringers, py, cpy, gn and green mica. No assays have been

located. Sampling by Government

geologists up to 0.322 gpt Au. Sampling by Traxxin Resources staff

f 10 gpt Au and 0.879 gpt Au

1.3 gpt Au, 3.4 gpt Au, 0.932 gpt Au 5.84 gpt Au, 1.48 gpt Au, 1.27 gpt Au,

Gold Occurrence Past Producer Traxxin Resources 2017 Samples

Melema West Property

1 2 km

N

Minto Mine (no production records) 8.5m wide shear hosted quartz vein 1996 grabs of 3.65 gpt Au and 6.33 gpt Au