Eby-Baldwin is strategically located 10km west of the town of Kirkland Lake and is contiguous with the Macassa Mine property, while also adjacent to Agnico Eagle's large land position. Major structures including the Amalgamated and Main Breaks converge with the Cadillac-Larder Lake Break on the Eby-Baldwin property.
Eby-Baldwin spans 4,300 hectares and hosts the convergence of major gold hosting structures including the Main Break, Amalgamated Break, the Kirana Break and the Cadillac-Larder Lake Break. The property has a historical resource of 4,600 tonnes at 21.9 gpt gold and has produced minor gold from high-grade quartz veins (18.0 gpt gold).
High-Potential Exploration Targets
Baldwin Mine: A shaft from 1929 with 4 levels to 127m depth exists with lateral development of 1,177m. The zone contains narrow high-grade gold quartz veins up to 0.6m thick. This zone needs follow up drilling to test the convergence of the major structures.
Eby Zone: Historical drilling showed narrow, high-grade gold quartz veins in NW trending porphyry and volcanics surrounded by low-grade but anomalous gold in wall rocks--up to 26.1m grading 0.34 gpt gold. Structures go through the Eby Zone which will be tested.
Walters Zone: Walters zone has a historical intercept of 5.8 gpt gold over 0.76m in a mineralized quartz vein. This zone needs follow-up testing.
Eby-Baldwin: Where the "Breaks" Come Together
The Main Break is considered the most important gold hosting structure at Macassa and the Amalgamated Break is a key structural control for Macassa's South Mine Complex. All Structures as well as the prolific Cadillac-Larder Lake Break and Kirana Break converge at Eby-Baldwin, making this an optimal setting for gold mineralization. Mistango will conduct significant drilling on these structures to further understand the structural controls on the known mineralization on the Eby-Baldwin property.
The Priority is to drill the high-potential targets focusing on the Main and Amalgamated Breaks. Mistango will also conduct geophysical studies including ground induced polarization (IP Survey) and detailed, high-resolution Drone Magnetics to delineate the complex structural controls within the Eby-Baldwin property. Furthermore, detailed structural mapping of surface outcrops will also be undertaken.
Important Note Regarding Historical Mineral Resources and Mineral Reserves
Mistango cautions that a Qualified Person has not done sufficient work to classify the historical mineral resource estimates as current mineral resources or mineral reserves; Mistango is not treating the previous estimates as relevant or as current mineral resources or mineral reserves and the previous estimates should not be relied upon. Mistango considers these results as indications of the presence of mineralization on the property and will use the information to guide future exploration but the reader is cautioned not to rely on these estimates.