Shoal Lake East
In 2003, a mineral resource estimate on the Cedar Island gold deposit was completed in accordance with NI 43-101 guidelines, resulting in an indicated mineral resource estimate of 1,096,000 tonnes grading 6.63 g/t Au for 234,000 contained ounces of gold and an inferred mineral resource estimate of 832,000 tonnes grading 5.63 g/t Au for 151,000 contained ounces of gold. Status: An updated NI 43-101 report is being prepared on SLE, incorporating an additional 35 deep drill holes for 10,011 meters where significant drill results were generated in a 2004 program, ranging up to 22.0 g/t Au over 9.2 m. All veins are open at depth and along strike west of the of the Cedar Island gold deposit.
History
The claims located on the mainland located to the northeast of the Duport deposit were never previously owned by Consolidated Professor Mines Ltd. This ground was actively held by several different groups including Dennison Mines, Bond Gold, Lac Minerals, Royal Oak, Machin, KPM and Amador (2002-2005). The property is collectively known as the Shoal Lake East claims block. Three past producers are present on the property, including the Mikado, Cedar Island and Olympia mines. At the present time a seasonal road provides access to the deposit from the north shore of Shoal Lake near the government landing.
A total of 36,348 meters of drilling in 146 diamond drill holes, with the majority of these holes targeted mainly along the Cedar Island deposit. A well recognized Vancouver based engineering firm named G. Giroux and Associates completed a resource estimate on this deposit in 2003. The resource section of the Giroux report was completed in accordance with 43-101 guidelines, resulting with an indicated mineral resource of 1,096,000 t grading 6.63 g/t Au and an inferred mineral resource of 832,000 t grading 5.63 g/t Au.
This resource did not include an additional 10,011 m of deep drilling completed in 2004 by Amador, with 35 holes which targeted the Cedar Island high grade mineralized structures known as the 9 East Target. The additional 35 holes were completed by Amador in compliance with 43-101 standards, which will allow for an updated 43-101 compliant resource to be prepared during the spring of 2009. Significant drill results were generated during this final program, ranging up to 22 g/t over 9.2 meters. Amador was unable to meet cash payment commitments to KPM and were forced to surrender the project back to the owners in 2005.
The claims located on the mainland located to the northeast of the Duport deposit were never previously owned by Consolidated Professor Mines Ltd. This ground was actively held by several different groups including Dennison Mines, Bond Gold, Lac Minerals, Royal Oak, Machin, KPM and Amador (2002-2005). The property is collectively known as the Shoal Lake East claims block. Three past producers are present on the property, including the Mikado, Cedar Island and Olympia mines. At the present time a seasonal road provides access to the deposit from the north shore of Shoal Lake near the government landing.
A total of 36,348 meters of drilling in 146 diamond drill holes, with the majority of these holes targeted mainly along the Cedar Island deposit. A well recognized Vancouver based engineering firm named G. Giroux and Associates completed a resource estimate on this deposit in 2003. The resource section of the Giroux report was completed in accordance with 43-101 guidelines, resulting with an indicated mineral resource of 1,096,000 t grading 6.63 g/t Au and an inferred mineral resource of 832,000 t grading 5.63 g/t Au.
This resource did not include an additional 10,011 m of deep drilling completed in 2004 by Amador, with 35 holes which targeted the Cedar Island high grade mineralized structures known as the 9 East Target. The additional 35 holes were completed by Amador in compliance with 43-101 standards, which will allow for an updated 43-101 compliant resource to be prepared during the spring of 2009. Significant drill results were generated during this final program, ranging up to 22 g/t over 9.2 meters. Amador was unable to meet cash payment commitments to KPM and were forced to surrender the project back to the owners in 2005.
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April 10, 2012- Everton Retains Caracle Creek International Consulting and Appoints Dr. Scott Jobin-Bevans as Senior Technical Advisor details
