|
|
 |
 Red Lake, Ontario Overview Baird Property Broulan Reef & McKenzie Island Property Black Bear & Sidace Lake Properties Heyson Property South Bay Properties Rainy River, Ontario Overview |    BROULAN REEF GOLD PROJECT - 3D PRESENTATION - 2006 DRILLING
2008 Broulan Reef deep drill program contact Don Huston, President at (604) 687 3376.
Overview of the Red Lake Gold Camp
Location of Skyharbour Resources Gold PropertiesThe Red Lake Area is one of the most prolific gold regions in the world. The area hosts several gold mines, where the combined production and remaining proven resources are more than 30 million ounces of gold. Initial gold production occurred at the Howey mine in 1930, and two mines (Campbell and Red Lake) remain in operation today. The largest mines historically are Placer Dome's Campbell Mine (cumulative production and remaining resources of 13 million ounces), Goldcorp's Red Lake (10 million ounces) and Madsen mines (2.5 million ounces). Goldcorp's Red Lake Mine lies immediately adjacent to Placer's Campbell Mine, which Goldcorp acquired in 2006. The deposits that were mined by Placer and Goldcorp were interpreted to be portions of the same ore body. However, the deep high-grade zone of the Red Lake Mine continues to be one of the highest-grade deposits in the world, averaging more than 2.0 ounces of gold per tonClick Here to read "The Goldcorp Story".
As a result of the proven potential of this gold camp and the continued excitement being generated by Goldcorp's Red Lake Mine, the Red Lake greenstone belt has attracted many firms, from senior producers to junior exploration companies, to stake and explore the district. Active major companies in Red Lake include Goldcorp, Placer Dome and Newmont. In addition, there are many junior exploration companies actively exploring the camp. The Red Lake gold district is situated in the Red Lake greenstone belt, an Achaean series of metavolcanic and metasedimentary rocks. Most of the gold production in this district has come from structurally controlled vein-type gold deposits hosted in sequences of ultramafic mafic to felsic volcanics and sediments. Regionally, the belt exhibits a system of five northeast and northwest-trending deformation zones with associated hydrothermal alteration. All of the key producers in the district are located close to a regional mafic volcanic-sediment contact or 'break' - which for years may have been overlooked as an important control on gold mineralization. Gold deposits in the district have been classified into three main categories: mafic volcanic-hosted; felsic intrusive-hosted; and, stratabound. The majority of the productive zones in the Red Lake camp, including the Campbell and Red Lake Mines, are of the mafic volcanic-hosted type and occur as vein systems within a lower mafic to komatiitic and ultramafic volcanic sequence. Goldcorp's Red Lake Mine lies in the eastern section of the Red Lake Precambrian Greenstone Belt, an older assemblage of mafic and felsic volcanic rocks within a sedimentary sequence. Major gold camps in the Timmins and Kirkland Lake areas of northeastern Ontario also show a close association with similar breaks. The Campbell, Red Lake and Cochenour Mines, the most prolific gold producers in the Red Lake district, are hosted by the northwest-trending Cochenour-Gullrock Deformation Zone and are situated within the well-established "mine trend" of the Red Lake gold district. Skyharbour Resources Ltd. has acquired over 21,000 acres (7 properties) in the heart of the Red Lake gold camp, home to the prolific Goldcorp Red Lake and Campbell gold mines.
BAIRD GOLD PROPERTY (240 acres)Skyharbour Resources Ltd. has a 24.5% interest in the Baird Property with Bayfield Ventures Corp. (24.5%) interest, and Goldcorp Inc. now owns the remaining (51%) interest. The Baird property lies in the central Red Lake gold belt, adjacent to the Claude Resources property on the south, adjacent to the Goldcorp Parvus Project on the north and east, and adjacent to Goldcorp's Humlin property on the west. The Baird property is 6 km north of the Madsen Mine, and 14 km southwest of the Goldcorp Red Lake Mine.The property lies within the highly prospective Balmer assemblage volcanic rocks and exhibits structural and alteration systems typical of the Goldcorp Red Lake and Campbell mines. Drilling in the 1980's by United Reef on Baird returned assay values of over 5.5 oz/ton gold over 4 feet, and over 0.6 oz/ton gold over 6 feet, among others. These showings were the focus of Skyharbour's initial drill program. The intent was to gain a greater understanding of the geologic setting where these historical grades were present. Skyharbour completed a 1,600 metre drill program on the Baird Property in the summer of 2002 with gold intersections of up to 0.34 oz per ton gold over 1.0 meter encountered in what is known as the North Shear Zone. The 2002 drill program also identified a potential South Shear Zone. The results from Skyharbour's 2002 drill program were the catalyst needed to convince Placer Dome to option the Baird Property and initiate a major drill program. Placer Dome funded 7,043 metres of drilling in 3 drill programs, which has identified a large fold structure, which contains the shear zones in it. The goal of this extensive drill program was to identify and confirm the existence of this major structural hinge (fold) feature that contained within it the North Shear Zone and the South Shear Zone. A Structure of this type is of major significance to the discovery of gold in the Red Lake camp. Placer Dome earned their 51% interest in the property, which Goldcorp acquired and became the operator. The 3 drill programs were carried out with the guidance and assistance of Placer Dome, which operated the high-grade Campbell Gold Mine in Red Lake. For a three year period following the formation of this 51% / 49% (Skyharbour / Bayfield) joint venture, Goldcorp will have the right to increase its interest to 65% by electing to complete a feasibility study. Should either party elect not to participate in an approved program following the formation of the joint venture, the interest of the non-participating party will be subject to dilution based on a standard formula. Should either party dilute to a 10% interest, its interest will automatically convert to a 1% NSR, half of which can be purchased at any time for $1 million. BROULAN REEF GOLD PROJECT (300 acres)
) Click to Enlarge
The Broulan Reef property is located in the Bruce Channel area in the heart of the Red Lake gold mining district. The acreage is comprised of 10 mineral claims (21 year renewable Leases with the Ontario Government), situated adjacent to the south of Gold Eagle Mines (TSX: GEA) Bruce Channel gold discovery, where a major successful drill program is underway, and adjacent to the west of Goldcorp's / Premier Gold Mines (TSX: PG) promising drill results on their Rahill-Bonanza property. Both of the Gold Eagle Mines and Premier Gold properties have had significant discoveries made since 2005 in sedimentary rocks of the Bruce Channel and are the subject of ongoing exploration and delineation drilling. The Broulan Reef property has never had any detailed exploration conducted as it is 90% overlain by the waters of the Bruce Channel of Red Lake until Skyharbour and Cypress Development acquired the ground in January 2006. Skyharbour has been aggressive in its exploration approach to the Broulan Reef property and believes the property, adjacent to and on strike to Gold Eagle Mines' major Bruce Channel gold discovery to the north, is ideally located for the potential extension of this newly developed gold zone onto its Broulan Reef ground. Skyharbour Resources considers the Broulan Reef property to be one of the key properties in understanding the geology of the Red Lake Gold Belt. Only 2 drill holes (1962) are known to have ever been drilled on this property. The complete lack of previous exploration in the productive heart of this major gold producing area makes this property very exciting for immediate exploration. Two of the main gold producing trends in Red Lake converge on the Broulan Reef property. The property is located at the southern extent of the East Bay Deformation zone and at the west end of the Mine Trend Deformation zone that is host to the Goldcorp Red Lake Mine and Campbell Mine. The resulting structural complexities are likely to have produced numerous favorable depositional settings in this "gold prone" section of the Red Lake belt. In April 2006, Skyharbour announced the Phase 1 exploration program on its 20% owned Broulan Reef property had been completed and results to date were highly encouraging. The 2006 Phase 1 exploration program advanced the property with data from a ground magnetic survey and a Phase 1 shallow diamond drill program. A structural / lithological framework has been clearly identified from the ground mag data and a preliminary geological model has emerged from the diamond drilling. Skyharbour Resources completed 5 shallow drill holes in its Phase 1 program.
The property covers a regional fold closure in rocks of the Bruce Channel sediments. These sediments have become the target of intense exploration as Premier Gold Mines (PG) continues to expand their deposit on their Rahill-Bonanza property adjacent to the east and Gold Eagle Mines (GEA) continue to expand a gold zone under the Bruce Channel adjacent to Skyharbour's Broulan Reef project to the north.
Skyharbour Resources summer 2006 Phase 2 drill program consisted of two approx. 1,500 metre (5,000 feet) holes drilled deeper into the regional fold closures of the Bruce Channel sedimentary horizons in an attempt to encounter the higher grade gold intersections reported by both "GEA" to the north and "PG" to the east of the Broulan Reef boundaries. The 2006 Phase 2 drilling identified a relatively shallow dip to the underlying Balmer Assemblage and established that targets within the Balmer Assemblage are still within drill range. Low but widespread gold values were identified within structural features in the Bruce Channel rocks. Drill hole BR06-6 was drilled from McKenzie Island to the east under the Bruce Channel at --65 degrees. Cypress Development's summer 2006 Phase 2 drill program consisted of two approx. 1,500 metre (5,000 feet) holes drilled deeper into the regional fold closures of the Bruce Channel sedimentary horizons in an attempt to encounter the higher grade gold intersections reported by both "GEA" to the north and "PG" to the east of the Broulan Reef boundaries. The 2006 Phase 2 drilling identified a relatively shallow dip to the underlying Balmer Assemblage and established that targets within the Balmer Assemblage are still within drill range. Low but widespread gold values were identified within structural features in the Bruce Channel rocks. Drill hole BR06-6 was drilled from McKenzie Island to the east under the Bruce Channel at --65 degrees.
Skyharbour Resources Phase 3 deep drill program will be collared on the land portion of the Broulan Reef property and will be drilled out underneath the waters of Bruce Channel in an attempt to encounter the distinctive gold bearing horizons at depth. After several years of intense exploration in the Red Lake area, positive results are starting to pour in. What is surprising is that three new million + ounce deposits are currently being defined. What is perhaps more surprising is that all three are within or related to the Bruce channel sediments. This group of rocks had been actively avoided as a prospective gold host for many decades. This fits well with the strategic acquisition of a 20% interest in the Broulan Reef property by Skyharbour Resources. This property lies at the apex of a regional fold nose in Bruce channel sediments. The recently completed ground magnetic survey has also identified the continuation of the "Mine Trend" and the "East Bay" oriented structures on the property. The Bruce channel sediments are of limited area extent and relatively poorly understood. The Broulan Reef property is underlain exclusively by this group of rocks. The exploration activities of Skyharbour Resources in the Red Lake area has gotten some real 'traction' with the acquisition of this property and the type of targets that are being developed. The Red Lake camp is full of surprises as illustrated by the Goldcorp mine. This mine became the global prima dona of gold producers after 50 years of lackluster production. The Bruce channel sediments are turning out to be another one of those surprises. McKENZIE ISLAND GOLD PROPERTY (5100 acres)
Skyharbour Resources Ltd. has a 20% interest in the 5,100-acre McKenzie Island Property with Cypress Development Corp. (80%). This property is located to the west and adjacent to Gold Eagle Mines Ltd. (TSX: GEA) property. The McKenzie Island property is on strike with the Goldcorp Red Lake and Campbell mines seven kilometres to the east.
There is an extensive and ongoing diamond drill program adjacent to the east on the 1,800 acres Gold Eagle Mines property, which continues to develop a significant gold resource (See their news releases). The Western Discovery Zone (See their news releases) that has now been established by Gold Eagle mines is situated on a strike length of over 1 kilometre in a east -- west direction and has a width of 350 metres from north to south. The Skyharbour Resources / Cypress Development joint venture is of the opinion that there is potential for the extension of the Western Discovery Zone onto the McKenzie Island property. Drill testing of 2 prospective target areas on the eastern portion of the Skyharbour's McKenzie Island claim group, adjacent to the Gold Eagle Mine property, were completed in the winter of 2006. Three diamond drill holes were completed in areas where a significant angular unconformity is projected. This unconformity appears to exert a strong regional influence on gold deposition including past gold produced from the McKenzie Red Lake Gold Mine and the Gold Eagle Mine east of the Skyharbour / Cypress Development property. The geologic corridor flanking this known unconformity is considered to be very prospective for gold deposition in the Red Lake gold camp. Past Exploration and Drilling Completed on South End of McKenzie Island Property An initial exploration program was completed on the property in 2002. This program consisted of data compilation, mapping, and geochemical and geophysical testing. This identified the highly prospective MacAndrew gold / alteration trend extending across the centre of Skyharbour's McKenzie Island property - a comparable geological environment to the McKenzie Island Mine which historically produced 650,000 ounces of gold. As a result of this initial exploration phase, a first phase of drilling consisting of 13 holes totaling 6,828 feet (2.100 metres) to test targets identified during the 2002 exploration program has been completed. In addition, overburden drilling totaling 2,990 feet tested the basal till at 133 sites in two areas on the property to identify new targets. Gold values were encountered along the McAndrew Trend on McKenzie Island as well as along the contact between the volcanics and sediments on the north of McKenzie Island. In May 2004, the Company added an integral claim block to its existing land package. This acreage is situated in the middle of the held ground and now allows the company to continue to follow another mile strike length of the known McAndrew geological trend. In early 2005, 14 reconnaissance holes (approx. 3,300 metres) were also completed during Phase I and Phase II (Feb. 2005, April 2005) diamond drill programs on the St Paul's Bay region on the southern most portion of the McKenzie Island property to explore a district-scale west-northwest trending structure known as the "D2" Structure. Significant zones of gold mineralization were discovered. The new zones are located in diamond-drill holes M05-3 through to M05-7. In reconnaissance drill hole M05-3, visible gold has been identified within several cm-scale quartz veinlets with sample results showing numerous multi-gram intercepts with a high value of 23.8 grams per tonne gold over .2 metres. In reconnaissance drill hole M05-4, highly anomalous gold values up to 850 ppb have been intercepted over 60 metres. In reconnaissance drill hole M05-7, a 10-metre wide zone of gold mineralization was intersected in a zone hosted by quartz-sulfide veining and silica flooding within a strongly sericite altered felsic intrusive.  All of the intercepted zones of gold mineralization lie within a large (+1000 metres by +150 metres) envelope of quartz-sericite-chlorite alteration, which appears to be controlled by a district-scale, WNW trending D2 deformation zone. The strike length of the altered system has not been limited by the drill programs. The Company is encouraged with the results of the 2005 drill programs on the south portion of its McKenzie Island property. Skyharbour Resources Ltd. remains convinced that there continues to be significant potential for the development of gold deposits on its McKenzie Island and broulan Reef properties. SIDACE LAKE GOLD PROPERTY (3,600 acres) Skyharbour Resources Ltd. has a 70% interest in the Sidace Lake Property with Consolidated Abaddon Resources Inc. holding the remaining 30%. |
|||||||||||||||||||||||||||||||||
Click to Enlarge) Red Lake Black Bear and Sidace Lake Properties |
Click to Enlarge) Sidace Lake Fall 2004 Drill Hole Locations |
Click to Enlarge) Sidace / Black Bear Mag Map |
Click to Enlarge) |
Click to Enlarge) |
Click to Enlarge) |
Click to Enlarge) High-Grade Gold In Hole #3 |
On January 19th 2007, the Company announced the 100% acquisition (by staking) of 4,480 acres, consisting of 112 claim units, in the Badrock Lake Area, Red Lake Mining Division, Northwestern Ontario.
A previous airborne geophysical survey has outlined a large area containing magnetic anomalies containing iron bearing magnetite. There are at least four conductive anomalies identified with a strike length of at least one mile each. The Company is preparing a geological report and an exploration budget for the Badrock Lake claims For a spring/summer initial exploration program.
 |
|
 | Home Projects News Investors Corporate Contact QwikReport Copyright © 2008 Skyharbour Resources Ltd. All Rights Reserved. |
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)