Project Overview
Eastern Vision is a strategic and dominant land package situated between Great Bear Resources' Dixie project and the South Bay Mine, covering prospective gold and VMS (volcanogenic massive sulphide) deposits and targets. The project covers 19,438 hectares between the Fredart/Garnet Lake, Confederation North, and Confederation South properties.
The land package is located approximately 40-70 km East of the town of Red Lake in Northwestern Ontario.
The project lies within the Confederation Lake assemblage of the Birch-Uchi Greenstone belt, where historical work has focused on VMS style targets and deposits. The South Bay Mine, located to the east of Eastern Vision, is reported to have produced 1.6 Mt of ore averaging 11.06% Zn, 1.8% Cu and 73 g/t Ag in the 1970’s.
The gold potential of the Confederation Lake assemblage has historically been overlooked. The recent high-grade gold discovery of Great Bear Resources Ltd. within the Confederation Lake assemblage has demonstrated the gold potential of this greenstone belt.
Fredart / Garnet Lake
Project Highlights
- Located approx. 40 km from the eastern boundary of Great Bear Resource Ltd.’s Dixie project
- Both properties have defined VMS deposits, with current 43-101 or historic resources and significant expansion potential
- Both properties have excellent access and logistics
- Various drill ready targets are present based on geochemical and geophysical anomalies
- Little gold exploration has been completed with historical focus on base metals
- Properties cover 5,952 hectares
Option to earn 80% upon the following:
Payments | Fredart | Garnet Lake |
On or before Exchange Approval Date | $30,000+ | $75,000+ |
On or before 6 months after Exchange Approval Date | $50,000 | $75,000 |
On or before 12 months after Exchange Approval Date | $70,000+ | $150,000+ |
On or before 24 months after Exchange Approval Date | 1,000,000 Common shares | 2,000,000 Common shares |
Expenditures | Fredart | Garnet Lake |
Year 1 | $300,000 (Completed) | $400,000 |
Year 2 | $300,000 | $400,000 |
Year 3 | $400,000 | $700,000 |
FREDART PROPERTY
The Fredart property consists of 171 continuous mineral claims for a total of 3,132 hectares. It is located approximately 61 km east of the town of Red Lake, Ontario.
The property contains a mineralized marker horizon containing copper and zinc values in chalcopyrite and iron-rich sphalerite.
The Fredart property hosts the Copperlode and Fredart zones. Highlights include:
- Historical mineral resource of 386,200 tonnes grading 1.56 % Cu and 33.6 g/t Ag (completed by Phelps-Dodge Mining Co. in 1971)*
- The mineralized zone was drill tested to a depth of approximately 200 m over a length of 350 m and was reported as being open at depth
- VTEM-plus flown in 2017 revealed numerous high-priority conductive targets that warrant drilling
- A summer 2020 drill program intercepted mineralization in 9 of 10 holes with highlights including:
- 20 m grading 0.85% Cu, 0.1% Zn, 19.7 g/t Ag, and
0.18 g/t Au, including 3.7 m grading 3.38% Cu,
0.39% Zn, 73.8 g/t Ag, and 0.85 g/t Au - 8.8 m grading 1.02 % Cu, 0.14% Zn, 32.8 g/t Ag,
and 0.09 g/t Au - 5.3 m grading 1.04% Cu, 0.04% Zn, 18 g/t Ag,
and 0.11 g/t Au
- 20 m grading 0.85% Cu, 0.1% Zn, 19.7 g/t Ag, and
Follow-up exploration will include fieldwork and geochemical sampling to investigate:
- A 4 km anomalous trend to the west of Copperlode
- Geophysical anomalies related to iron formations
- Intrusive rocks for gold potential.
*This historical mineral resource requires further drilling in order to verify and upgrade the resource to NI 43-101 standards. A Qualified Person has not done sufficient work to classify the historical estimate as current resources or mineral reserves and Infinite Ore is not treating the historical estimate as current mineral resources or mineral reserves.
GARNET LAKE
The Garnet Lake property consists of 149 continuous mineral claims for a total of 2,816 hectares. It is located approximately 70 km east of the town of Red Lake, Ontario.
The Garnet Lake property hosts the Arrow zone, with NI 43-101-compliant inferred (polygonal method) mineral resources (Pistol Bay, Sept. 5, 2017) of 2.1 million tonnes at 5.78 % Zn, 0.72 % Cu, 19.5 g/t Ag and 0.6 g/t Au (3% Zn Eq cut-off).
CONFEDERATION NORTH
Project Highlights
- Located approx. 20 km from the eastern boundary of Great Bear Resource Ltd.’s Dixie project
- Excellent access and logistics
- Traditionally explored for VMS, gold largely overlooked
- Located 600 m north of Portofino Resources Inc.’s gold showings (16 g/t Au and 12 g/t Au in grab samples)
- A geochemical (SGH) survey has identified potential gold drilling targets
- VTEM survey underway
Option to earn 90%-100% upon the following:
Payments | Dixie Ten-Mile 90% | Northern Vision 100% |
On or before Exchange Approval Date | For the First 75% | $8,650 |
On or before 6 months after Exchange Approval Date | $15,000 (Paid) | |
On or before 12 months after Exchange Approval Date | $30,000+ | $12,000+ |
On or before 24 months after Exchange Approval Date | For an additional 15% | $15,000 |
On or before 36 months after Exchange Approval Date | $30,000+ |
Expenditures | Dixie Ten-Mile | Northern Vision |
Year 1 | $250,000 | |
Year 2 | $300,000 |
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Confederation North is comprised of the Dixie Ten-Mile and the Northern Vision (also know as Gerry Lake) properties. The combined property consists of 90 continuous mineral claims covering a total of 4,256 hectares. It is located approximately 40 km southeast of the town of Red Lake, Ontario.
The property contains three small-to-medium-sized VMS-type Cu-Zn mineralized bodies unearthed through ground-based geophysical surveys followed by drilling, largely in the 1970’s and 1990’s. These bodies occur within the Confederation Lake assemblage in the Birch-Uchi greenstone belt and occupy the western segment of the Confederation North property. The eastern segment of the property has had little exploration work completed.
CONFEDERATION SOUTH
Project Highlights
- Covers the southern limb of the Confederation Lake assemblage (Birch-Uchi Greenstone Belt)
- VMS exploration focused on the Western portion of the property
- Eastern portion largely unexplored
- No historical gold exploration
- VTEM survey planned for the fall 2020
Option to earn 100% upon the following:
Payments | Eastern Vision | North Buffy | Ben Lake |
On or before Exchange Approval Date | $8,000+ | $22,000+ | $10,000+ |
On or before 6 months after Exchange Approval Date | $90,000 (Paid) | ||
On or before 12 months after Exchange Approval Date | $12,000+ | $22,000+ | |
On or before 24 months after Exchange Approval Date | $16,000+ | $33,000 | |
On or before 36 months after Exchange Approval Date | $36,000 | $44,000 |
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Confederation South is comprised of the Eastern Vision, North Buffy, and Ben Lake properties. The combined property consists of 195 continuous mineral claims covering a total of 9,332 hectares. It is located approximately 55 km southeast of the town of Red Lake, Ontario.
The western portion of the project has been traditionally explored for VMS style mineralization. The project contains the Dixie 3 VMS zone, which was estimated to contain 91,000 short tons grading 1% copper and 10% zinc*. In addition to the Dixie 3 VMS zone, the property includes a number of mineralized zones or targets with single drill intercepts.
*A Qualified Person has not verified the data disclosed through sampling, analytical, nor test data. The information was obtained from assessment reports submitted to the Ontario government. While the qualified Persons believe that drilling and analytical results were completed to industry standard practices, insufficient work has been completed to verify the historic information in regards to these historical drill results. This information provides an indication of the exploration potential of the Property but may not be representative of expected results.