The West Cache Gold Project (formerly known as the Timmins Porcupine West Project) is located in Bristol and Ogden Townships in the Porcupine Mining Division, District of Cochrane, Province of Ontario. The property consists of 265 unpatented mining units and 11 patented mining claims located in the Bristol and Ogden Townships in the Timmins-Porcupine Mining Camp for a total of approximately 3,765 hectares. The property is bisected by highway 101 and can be accessed from the city of Timmins located 13 km to the east. The property is approximately 7 km northeast of Pan American SIlver’s Timmins West Mine and 14 km southwest of Newmont’s Hollinger Mine.
History and Geological Background
The property has been explored since 1927 by numerous ground geophysical surveys and diamond drilling, Dome Exploration discovered and delineated a gold mineralized zone that is approximately 350 meters long and 45 meters wide. The zone strikes east northeast and dips to the north at 70 to 80 degrees. Drill programs by Teck Corporation, Cameco Gold and Tom Exploration Inc., have extended the mineralization to 350 meters of depth. Explor Resources (now Galleon Gold) intersected gold mineralization in 121 out of 126 holes drilled and in 64 out of 65 wedges.The gold mineralization to date appears to be associated with a major porphyry unit.
Strike length of the gold mineralization is greater than 2000 meters at depth. The continuity of mineralization continues to be confirmed and the structure remains open on strike and at depth.
The West Cache Gold Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.
The West Cache Dwyer Land is comprised of 8 patent claims, located in the Odgen Township, contiguous to the eastern boundary of the West Cache Gold property. This private land has been held by the Dwyer family for over 100 years, it was originally purchased by Frederick D. Dwyer as a gold prospect.
The West Cache Dwyer Land is on strike and only 600 meters from the proposed open pit location identified in the Company’s current West Cache Gold project development plans. With the acquisition of this private ground the Company has gained an additional 2 kilometers of strike potential along the Destor Porcupine Fault Structure corridor.