A subsidiary company of Transition Metals has discovered a new gold zone near Kirkland Lake.
Canadian Gold Miner has identified a zone – dubbed the Behold Zone – on its South Kirkland property, 10 kilometres south of town.
In a news release, the company said the zone is located near the northwest edge of a recently identified 800-metre long anomaly, which they’ve traced for more than 1.5 kilometres along strike.
Late last year, channel sampling at the Behold Zone returned assays ranging from nil to 8.6 grams per tonne (g/t) of gold over 0.30 metres and 5.42 g/t over 0.67 metres. The zone is situated 800 metres northwest of any previously known mineralization.
The 73-square-kilometre South Kirkland property contains numerous former production shafts, pits, and underground workings. The company believes this project has the potential to host one or more gold deposits.
Canadian Gold Miner is focused on gold exploration in the Larder Lake Mining District near Kirkland Lake. It was founded by Transition Metals of Sudbury, which has a 39 per cent ownership stake in the spinoff company.
Canadian Gold Miner has assembled 229 square kilometres of prospective properties in the Kirkland Lake, Matachewan and Gowganda areas, part of the Abitibi Greenstone Belt, one of Canada’s best gold camps.
“Our work has highlighted a large exploration target located just south of the heart of the Kirkland Lake gold mining camp,” said Canadian Gold Miner CEO Greg Collins in a Jan. 9 news release.
“Trenching has exposed sub-cropping mineralization more than 800 metres northwest from a cluster of strongly mineralized occurrences identified and sampled by the company in 2017. The newly discovered Behold Zone occurs near the interpreted northwest end of an IP (induced polarization) anomaly approximately 300 metres north of the Lincoln Nipissing break.
“The Lincoln Nipissing Fault has recently been highlighted by the Metal Earth research initiative as an underexplored fault system having similar characteristics to other major gold producing structures in the Abitibi.”
Transition Metals is a multi-commodity project generator with a stable of gold, copper, nickel and platinum projects primarily in Ontario, Nunavut and Saskatchewan.