Savant Lake Project - Ontario
The Company’s Savant Lake gold project is located 240km NW of Thunder Bay, Ontario, within the Archean-age Savant Lake-Sturgeon Lake Greenstone Belt. This large (22,900 Ha), 100%-owned property contains potential for the discovery of both high-grade iron formation- and shear-hosted gold deposits, in addition to base metal-rich massive sulfide (VMS) deposits. Six historic, high-grade iron formation-hosted surface gold occurrences have been identified to date within 60 km of cumulative strike length of under-explored iron formation. Furthermore, two shear-hosted gold occurrences are known and VMS targets also exist in the bimodal volcanic rock sequences exposed on the eastern and southwestern margins of the property. Many of the priority Au and VMS targets have yet to be drill tested.
Project Snapshot
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Location |
240 km NW of Thunder Bay, Ontario |
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Ownership |
100% New Dimension Resources 2% NSR to underlying vendors, 1% may be acquired for CAD 1M |
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Status |
Exploration stage, drill ready |
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Deposit types |
Primary targets are high-grade, iron formation- and shear-hosted gold Secondary targets are base metal-rich VMS deposits |
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Property Size |
22,900 hectares (229 square kilometres) |
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Host Rocks |
Warclub (iron formation) and Jutten assemblages for Au targets Handy Lake and Jutten assemblages for VMS targets |
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Age |
Precambrian |
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Main Economic Elements |
Gold & base metals (Cu-Zn) |
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Access |
All weather road and within 25km of CNR main rail line |
Other significant iron formation-hosted gold deposits in the broader Savant Lake district include Goldcorp’s Musselwhite mine and Centerra/Premier’s Hardrock deposit. Great Bear’s recent Dixie discovery is located in the nearby Red Lake district.
Location Map
Location of the Savant Lake mineral claims
District-Scale Geology
The Savant Lake project is located within the Archean-age Savant Lake-Sturgeon Lake greenstone belt. The Company’s large mineral claim block covers an underexplored but highly prospective stratigraphy for the discovery of high-grade, iron formation-hosted (“Musselwhite-type”) gold deposits, shear-hosted gold deposits, and base metal-rich VMS deposits.
Prospective areas for gold and base metal (VMS) deposits at Savant Lake. Folded iron formations of the Warclub assemblage in the central portion of the property represent priority gold targets; the flanking Jutten and Handy Lake assemblages are favourable hosts for both shear-hosted gold and VMS deposits.
Exploration and Drill Target Generation
During 2016 the Company completed an airborne geophysical survey over the Savant Lake property, which resulted in the definition of numerous targets with the potential to host gold and/or base metal mineralization. In early 2017, the Company completed an initial 8 hole / 1,626 m diamond drill program on select geophysical targets in the northern part of the property, however, numerous known high-grade gold targets and showings in the central and southern portion of the property remain untested.
In May 2019, New Dimension and Thunder Bay-based consultant Neil Pettigrew (Fladgate Consulting) completed a comprehensive, property-scale targeting review. This work utilized all existing geological and geophysical data for Savant Lake and resulted in the definition of 7 priority targets (5 for gold and 2 for VMS-type deposits) for follow-up work and drilling. An initial 3,500m diamond drill program has been designed for Savant Lake on the basis of this work, and the Company continues to evaluate all Corporate and project-level funding alternatives to undertake this drill program.
Known High-Grade Gold Showings at Savant Lake
Location of known high-grade surface gold showings at Savant Lake.
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