Silver Spruce Contracts Eagle Mapping and GeoCloud Analytics, Completes Lidar Survey on Melchett Lake VMS Project, Ontario - Seite 3

GeoCloud Analytics will provide the following data services on the Eagle Mapping data package with processing, and interpretation with PowerPoint deck, expected to require four weeks from receipt:

• Reprocessing of LiDAR to enhance and extract ground model detail
• Mosaiced products on the project area basis at resolution* defined by existing data:
  • ground model (DEM) at 50cm* resolution in GeoTiff format
  • ground model hillshade at 50cm* resolution in GeoTiff format
  • reprocessed enhanced hillshade at 50cm* resolution in GeoTiff format
• Interpretation of LiDAR to derive:
  • mining evidence e.g., adits, shafts, pits, trenches, etc.
  • geological contacts e.g., bedding, faults, folds, shear zones, etc.

Property Highlights

The Property covers 5,022 hectares (168 single cell mineral claims and six multi-cell mineral claims) with VMS and Au targets located in east to southeast-striking, tightly folded, subvertical to moderately north-dipping Archean metavolcanic quartz-sericite schists. These units exhibit steep down-dip to southeast raking or plunging lineations. The Melchett Lake belt contains several occurrences of polymetallic Zn-Pb-Cu-Ag-Au VMS mineralization similar in several respects to deposits exploited at Geco, Mattabi, and Winston Lake, among others.

Highlights of the prospective geology, alteration and mineralization include a strike extent of more than 20 km, multiple folded or stacked horizons of coincident alteration and metal mineralization, high Zn/Cu, Zn/Pb and Ag/Au ratios, increasing Cu/Zn at depth, extensive remobilization of major and trace elements with defined enrichment (Fe, Mg, Co, Cr, Cd) and depletion (Na, Sr, Ca) zones.

Foto: Accesswire

Figure 4. 30m x 40m gossan zone exposure of moderate to steeply north-dipping zinc (Fe-sphalerite) mineralization in quartz-sericite-pyrite schist from the main trench in the Relf Lake Zone.

Surface trenches, with Fe-sphalerite (blackjack or marmatite), contain locally high-grade lenses of Zn & Ag with variable Cu, Au and Pb, and historical gold grades to 28.8 g/t Au, silver grades to 560 g/t Ag and zinc grades to 19.1% (see Figure 4).

The claims to the east and west of the core Relf and Nakina targets cover 11 kilometres of known extensions of the Melchett Lake mineralized horizons and include high potential VMS and Au targets located along sub-parallel isoclinal fold limbs offset by oblique, imbricate structural breaks interpreted from recently acquired exploration MAG, VLF and GEOTEM data. Only limited and shallow exploration drilling was conducted in the Key Lake area (west) and Iron Lake area (east).