The rock types at the October Gold Property are very similar to the Kirkland Lake Greenstone Belt; consisting of Timiskaming conglomerates, volcanics, and porphyries.
Gravity breaks, similar to those identified during the October Gold Survey, are associated with and correlated well with gold deposits in the Abitibi (Open File Report 6189, Discover Abitibi). The association of anomalous till samples and high confidence SGH anomalies near a gravity break make this an attractive exploration target. Additionally, the proximal Timiskaming Sediments found at the Property could be directly related to this gravity break.
Lithogeochemical sampling across the main deformational zone that transects the Property revealed intriguing anomalies including a well-defined, broad zone of albite alteration with an alkaline feldspar core through the center of the claim group. This alteration correlates well with the interpreted gravity breaks delineated by gravimetrics conducted in 2011 and suggests hydrothermal fluid movement along this deformation zone was significant-similar alteration halos near deformational zones are often found to be proximal to gold deposits.
This defined alteration cell further enhances the validity of these various geochemical/geophysical anomalies as sites for gold deposition. In addition, pathfinder elements defined a fluid-mixing boundary between oxidized fluids and reduced fluids within this alteration that also lends support for possible gold precipitation along this trend.
Genesis sampling of a sub parallel-structure, near a historical occurrence, yielded 9.23 g/t Au; previously called the Woman River Prospect. This historical occurrence grab sample was within a highly altered, quartz-carbonate, replacement zone having a width of approximately 3.0 meters with an unknown strike length. A long-section was assembled from Noranda’s previous drilling and it reveals that the zone is plunging to the northwest beneath a swamp on our property. This confirms the potential for higher-grade deposits along this newly emerging gold trend in the Abitibi Sub province.
Follow up field work will commence during the spring of 2013, consisting of geophysical surveys and possible surface trenching to refine drill targets over these anomalies.