The known deposits within the Project area are considered to be examples of turbiditehosted mesothermal gold deposits.
The Meguma Terrane of Nova Scotia hosts the Moose River Member, Tangier Member, and Taylors Head Member of the basal greywacke-dominated Goldenville Formation. Gold mineralization is generally hosted in argillite and/or greywacke sequences of the Moose River Member and is associated with regional-scale anticlines. Structural repetition due to folding and faulting may result in thickening of gold-bearing units.
Gold occurs as native gold, and has been observed in a number of settings, including along shear cleavage, hair line fractures; in pressure shadows; as inclusions; on the margins of sulphide grains; in thin, bedding-parallel quartz veins and stringers. Mineralization is associated with sulphides, including arsenopyrite, pyrite and pyrrhotite. Lesser chalcopyrite, galena, and sphalerite have been observed.
Gold grade was estimated using multiple indicator kriging (MIK) for all deposits. The basic unit of estimation is a panel with horizontal dimensions equal to the average drill hole spacing.
Dimensions
Touquoy: strike extent = 810m ; width = 50m; vertical extent = 150m.
Beaver Dam: strike extent = 810m ; width = 50m; vertical extent = 200m.
Fifteen Mile Stream: strike extent = 1400m ; width = variable 20m to 100m; vertical extent = 225m.
Cochrane Hill: strike extent = 950 ........
