Sunday Lake Project – Summary
• 50% joint venture with Detour Gold Corp. on
Sunday Lake Gold Project
at Detour Lake, Ontario
• Sunday Lake comprises 13 km2
of mine leases on the Sunday Lake Deformation
Zone which hosts the 14.9 million ounce Detour Gold deposit
• Excellent existing infrastructure nearby
• Structural Break with 7 km strike length
• Targets identified
• Follow up existing
• Evaluate recent
Neighbor mining properties -
Conquest Resources Ltd. Presentation -
Sunday Lake Project – Strategic Value
The Sunday Lake Property is comprised of 13 square-kilometres of patented
mining claims located four kilometres east of Detour’s
| Open pit gold reserves of |
15.6 million ounce
deposit in the Northern Abitibi Greenstone Belt in Ontario that is currently under
development by Detour Gold Corporation
The Detour Lake project is located within the northwestern portion of the Abitibi Greenstone Belt in the Superior Province of the Canadian Shield. The supracrustal rocks in the project area consist of mafic and ultamafic volcanic rocks of the Deloro Group in thrust contact to the south with the younger Porcupine sedimentary sequence.
This regional east-west thrust zone is referred to as the Sunday Lake Deformation Zone ("SLDZ") and can be traced over a distance of more than 20 kilometres on the property.
It is defined by a deeply mylonitized and mineralized siliceous alteration zone, referred to as the Chert Marker Horizon ("CMH"), which marks the contact between the basaltic and ultramafic terranes.
EXPLORING IN THE
SHADOW OF HEADFRAMES
Red Lake Gold Mining District, Ontario, Canada
'The junior with the best address in the Red Lake District'
SUNDAY LAKE GOLD PROPERTY at Detour Lake
A preliminary evaluation of a 2009 airborne geophysical survey released by the Ontario Geological Survey infers that a favorable structural horizon transects the Sunday
Lake Property. The geophysical data confirms that the Sunday Lake claims which lie immediately to the east of the Detour Lake gold deposit are associated with the
same deformation trend - the Sunday Lake Fault.
• Located 4km east of the Detour Lake project currently under development
by Detour Gold Corp.
| Open pit gold reserves of |
15.6 million ounces
| Projected average annual gold production of approximately |
− Detour Lake project currently contains an open pit mineral reserve of
15.6 million ounces of gold using a cut-off grade of 0.5 g/t.
With production scheduled to start in the first quarter of 2013, the mine is
projected to produce an average of 657,000 ounces of gold annually over
a period of 21.5 years.
- A major east-west structural break located less than 5 kilometres south of
the Sunday Lake Deformation Zone that hosts the Detour Lake mine.
− Feasibility study indicates a mine life with average annual
− produce an average of 657,000 ounces of gold annually over
− a period of 21.5 years at cash costs of appr. US$440/oz
50/50 Conquest - Detour
Sunday Lake Property
Conquest-Detour Transaction Summary
• September 2010 - 50/50 JV with Detour Gold
• Detour to expend $1.0M in exploration
expenditure on Sunday Lake
• Conquest sold 100% of Aurora to Detour Gold
• $2.0M cash
• 100,000 Detour Gold Corp shares
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=31725442&l=0&r=0&s=CQR&t=LIST#yWwm8UFx3XpldkcP.99