The 6,410-hectare Coldstream Gold Property is located along the Trans Canada Highway 115 km west of the City of Thunder Bay in northwestern Ontario. The area is road accessible and has excellent infrastructure with a major power line and CN rail line passing just north of the property. Skilled labour is readily available locally.
Since acquisition of the Coldstream Gold Project in 2009, the company has embarked upon 5 drill programs, totaling 21,494 metres of drilling and surface exploration programs consisting of mapping/prospecting, trenching, sampling and geophysical IP and magnetic surveys. The company recently completed a NI 43-101 resource estimate (763,276 ounces of gold ‘Inferred’ and 96,400 ounces of gold ‘Indicated’) and a scoping metallurgical test work (96.1% gold recovery) on the Osmani Gold Deposit (formerly known as the East Coldstream Deposit). These aggressive exploration work conducted during the short history of the company has provided investors with a consistent stream of drill and surface results.
Geologically, the Coldstream project occurs within Archean age Shebandowan Greenstone Belt (SGB) of the Wawa Geological Subprovince, host to some of the largest precious (3 gold mines in Hemlo camp) and base metal (former Geco Cu-Zn-Ag and Winston Lake Zn-Cu-Ag mines; Shebandowan Ni-Cu-PGM Mine) deposits.
WAWA GEOLOGICAL SUBPROVINCE SHOWING MINES AND DEPOSITS
The Coldstream gold property, located within the most western part of the SGB , is host to one former Cu-Au producer, the North Coldstream Mine (102 million pounds of Cu, 440,000 oz of Ag and 22,000 oz of Au from 2.7 million tons of mined ore), and five gold deposits/prospects:
These five mineralized areas sit on and adjacent to the same mineralized corridor, i.e., Coldstream Gold Trend, as the Moss Lake Gold Mine’s (TSX-V: MOK) deposit, which hosts 1.5 million ounces of gold.