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Location: 240 km NE from Yellowknife, Northwest Territories, Canada
106 Front Street East Suite 400TorontoOntario, CanadaM5A 1E1
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The Courageous Lake Project includes two deposits: the Courageous Lake deposit, and the Walsh Lake deposit. Only the Courageous Lake deposit is used in the 2024 PFS.Deposit TypesThe Courageous Lake deposit is a stratiform series of near-vertical, elongate lenticular mineralized domains hosted in Archean tuffaceous clastic rocks and ash-flow tuff. Gold mineralization is interpreted to be a product of an episodic, epithermal-like, submarine and subaerial, hydrothermal system.MineralizationSince its discovery, several common points have been used to describe the felsic ash tuff (FAT) deposit, including: • A series of gold zones concentrated in long and narrow bands. • The deposit is hosted by metasedimentary and metavolcanic rocks. • Gold concentrations are associated with the introduction of silica, muscovite, and sulphide minerals.The FAT deposit is located between the north shore of Matthews Lake and the south shore of Courageous Lake. It is made up of at least 13 discrete, steep east-dipping, elongate lenticular zones that vary in thickness from 20 to 125-m-wide. The continuity of these 13 zones has been demonstrated to be at least 1,900 m long, 800 m-wide and, although open at depth, at least 1200 m deep.
