Gold Exploration and Development in Kirkland Lake
This Northstar Gold Corp profile is part of a paid investor education campaign.*
Northstar Gold Corp (CSE:NSG) is a gold exploration development company building a portfolio of properties in the prolific Abitibi Greenstone Belt, one of the biggest gold and base metal producing regions in the world. The company’s portfolio currently consists of three 100 percent owned, high-quality “stand-alone” projects at various stages of exploration and development; the Miller gold, Bryce gold and Milestone copper-nickel-cobalt projects.
Northstar Gold’s flagship project is the Miller gold property, which has historic workings and an historic resource estimate of 270,000 gold ounces near surface. Northstar is working to validate and grow those resources with its own NI 43-101 compliant resource estimate to be born out of a planned two-phase exploration program slated to begin in early 2020. Historical drilling was limited, leaving much of the property underexplored at depth. Upcoming exploration will also focus on identifying new drill targets in underexplored areas.
The Miller gold project hosts “Kirkland Lake-style” gold mineralization similar to that of Kirkland Lake Gold’s (TSX:KL,NYSE:KL,ASX:KLA) South Macassa Mine Complex (SMC), one of the highest-grade gold mines in the world. Both SMC and Miller are situated in the world-class Kirkland Lake gold mining camp. Since 1915, seven mines in this region have produced more than 24 million ounces of gold at an average grade of 15.4 grams of gold per tonne. Miller also hosts comparable mineralization to Eldorado Gold Corporation’s (TSX:ELD, NYSE:EGO) Lamaque Project located near Val-d’Or, Quebec, another prolific gold camp in the Abitibi Greenstone Belt. Eldorado acquired Lamaque from Integra Gold Corp for C$590 million in 2017.
Northstar Gold is under new management with a restructured board having recently transitioned from a privately-held company to a public company to take advantage of a favorable gold market. At Northstar’s helm is an experienced team of capital market professionals and mining veterans well versed in the geology of the Abitibi Greenstone Belt.
Northstar Gold Company Highlights
- Newly-listed gold exploration company with a portfolio of three high-quality “stand-alone” properties in the prolific Abitibi Greenstone Belt.
- Advanced exploration-stage Miller gold project hosts historical resource as well as further exploration potential in the world-renowned Kirkland Lake gold mining camp.
- Miller has similar mineralization to Kirkland Lake Gold’s SMC and Eldorado Gold’s Lamaque deposits.
- Recent road upgrades have given Northstar improved access to within 100 meters of the main mineralized zones at Miller.
- Two phased exploration program planned for 2020 aimed at validating and growing historical resource estimate at Miller.
- First Nations agreement in place for Miller gold project.
- Bryce gold and Milestone copper-nickel cobalt projects offer further upside potential for Northstar Gold.
- Main target areas on the Bryce property include Sunday Creek which hosts high grade bulk tonnage potential and Pike Lake which hosts gold rich volcanogenic massive sulphides (VMS) similar to the Horne and LaRonde VMS style deposits in the Abitibi Greenstone Belt.
- Under new management and restructured board; all highly experienced in all facets of global major mining and junior exploration experience.
Northstar Gold Flagship Project – Miller Gold Property
Northstar Gold’s Miller gold project is located 18 kilometers southeast of Kirkland Lake, Ontario, on a major first order fault structure known as the Catharine Fault off the Kirkland /Cadillac-Larder Breaks.
Exploration work on the 1,114 hectare Miller property has identified abundant “Kirkland Lake/ Sigma-Lamaque style” vertical and flat high-grade gold-telluride veins in a highly altered and underexplored three kilometer by two kilometer syenite intrusive centre and deformation zone in mafic volcanics.
Early historical exploration work at Miller dates back to 1915 and includes 11 shallow shafts and drifting in the thousands of meters.
In the late 1980s, Nortek Exploration completed 37 diamond drill holes resulting in an historical estimate of grade and tonnage for the deposit at 0.73 million tonnes at 11.5 g/t gold.
Historical exploration and development work on the property has revealed the potential for significant near surface and deeper high-grade resources in multiple structurally controlled zones, including No.1 Vein, Allied, Planet and D zone. The historical work mainly focused on the shallowly north-dipping, white quartz No.1 Vein.
Previous exploration results
Since first staking the property in 2012, Northstar’s exploration up through 2016 focused on ground magnetics, 3D IP surveying and 5,846 meters of diamond drilling over 27 holes. The drill results returned multiple high-grade and broad, low grade intersections with abundant visible gold.
Allied syenite zone
- 40.5 g/t gold over 1.0 meter
- 14.1 g/t gold over 3.05 meters
- 1.04 g/t gold over 97.5 meters
- 0.89 g/t gold over 63.0 meters
- 0.99 g/t gold over 104 meters
- 19.25 g/t gold over 0.30 meters
Planet syenite zone
- 7.3 g/t gold over 4.7 meters
- 0.57 g/t gold over 147.19 meters
No. 1 Vein (Miller Independence)
- 11.6 g/t gold over 3.95 meters
- 86.6 g/t gold over 0.45 meter
Meilleur syenite zone
- 20.8 g/t gold over 0.95 meter
- 14.3 g/t gold over 1.4 meters
In 2016, Northstar targeted the historic No. 1 Vein for a bulk sampling program, mining 932 tonnes of material with an average grade of 5.1 g/t gold.
South Macassa Mine Complex comparison
The mineralization identified on the Miller property is considered to be of similar age, nature and style to the nearby Kirkland Lake’s South Macassa Mine Complex (SMC).
- Mineralization predominately hosted in calaverite, a gold telluride.
- Age dating and other indications have found the mineralization to be multi-stage, long-lived and associated with the Temiskaming magmatic event.
- The Catharine Fault Zone (Miller Property) and the Larder Break (SMC) are both considered “First Order Structures”, and potentially share a gold enriched magmatic hydrothermal reservoir at depth.
- Barry-Hollinger Shear/D-Zone on the Miller property and the Main/’04 Breaks at SMC are geometrically identical, and may coincide with the same deformation event.
Lamaque project comparison
Northstar’s management believes that the Miller gold project is comparable to Eldorado Gold’s recently acquired Lamaque Project near Val-d’Or, Quebec.
At both projects:
- Coarse, nuggety gold occurs in a series of shear zones, fractures and veins within and proximal to near vertical syenite stocks.
- Mineralization has excellent continuity and depth potential.
- Vertical veins untested by primarily vertical historic drilling.
- Gold mineralization is untested laterally and is open at depth.
Northstar recently received a NI 43-101 Technical Report recommending a two-phase $2.2 million exploration program at the Miller gold property. Northstar plans to carry out this exploration program with an end goal of developing a compliant mineral resource estimate for the project. The program is designed to include updating and validating the historic drill hole database as well as conducting sampling studies, 3D modeling and drill hole targeting through an IP survey expected to cover 5 square kilometers. Phase I will also include a 3,000 meter drill program. Contingent on favourable Phase I results, the company would then move into Phase II which consists of drilling, geological modeling and resource estimation.
Additional Projects in the Pipeline
Northstar Gold’s project portfolio in the Abitibi Greenstone Belt also includes the Bryce gold project and the Milestone copper-nickel-cobalt project.
Bryce Gold Project
Northstar’s 100 percent owned Bryce project is an intrusive porphyry-hosted gold property consisting of 260 contiguous, unpatented cell claims covering 5,090 hectares with 80 hectares of patented ground. The two main target areas on the property include Sunday Creek and Pike Lake. Sunday Creek has high grade bulk tonnage potential and Pike Lake is a gold rich VMS similar to Falco Resources’ (TSXV:FPC) Horne and Agnico Eagle’s (NYSE:AEM,TSX:AEM) LaRonde VMS deposits in the Abitibi Greenstone Belt.
Drill results at Sunday Creek include:
- 0.86 g/t gold over 80 meters in DDH BG12-65, including 2.09 g/t gold over 25.5 meters.
- 1.08 g/t gold over 56 meters in DDH BG13-68, including 25.13 g/t gold over 2.0 meters.
Northstar believes further drilling at Sunday Creek is warranted given the large untested IP targets/ conductors including VMS style mineralization.
Drill results at the Pike Lake zone include:
- 2.36 g/t gold, 3.37 g/t silver and 1.87 percent zinc over 15.9 meters in DDH BG11 47, including 7.89 g/t gold, 11.18 g/t silver and 3.77 percent zinc over 2.4 meters.
Milestone Copper-Nickel-Cobalt Project
Northstar’s 100 percent owned Milestone copper-nickel-cobalt project includes the Diadem deposit identified by Teck Resources (ODM Report 163, G. Bennett, 1978) which occurs along the same geologic contact that hosts the former Temagami Island copper mine 20 kilometers to the southwest. Milestone hosts copper, nickel, cobalt, gold, silver and PGE mineralization within semi-massive pyrite, chalcopyrite, bornite, magnetite and millerite over a 2.2 kilometer strike length along a brecciated diorite-rhyolite contact.
Drilling highlights for Milestone include:
- 0.47 percent copper and 0.16 percent nickel over 8.4 meters in DDH-00-01.
- 1.0 percent copper, 0.17 percent nickel, 0.044 percent cobalt over 4.25 meters in DDH00-03 at 15 meters depth.
Both these drill hole intercepts also contained anomalous gold, silver, cobalt and PGEs.
Northstar Gold Corp Management
Brian P. Fowler — President, CEO and Director
Brian Fowler has 38 years of experience as a mining executive, analyst,exploration manager and consulting geologist. From 1991 to 2004, he held various management and technical roles at Placer Dome Inc. where he managed regional exploration and advanced stage, feasibility–level projects and evaluations (Musselwhite, Mt. Milligan, Kerr–Sulphurets– Mitchell, South Deeps) and directed MinEx Projects and exploration at company mines throughout the world. In 2004 – 2005, as Exploration Manager for Quadra Mining Ltd., he evaluated and managed advanced and pre-feasibility exploration, and projects in Canada, the United States, Chile, Peru, Ecuador and Australia. He was founding director and officer of several public companies including Engineer Gold Mines Ltd., Laurentian Gold Fields (now Pure Gold Mining Ltd.) and RedQuest Capital (now Harfang Exploration Inc.). Fowler’s capital markets experience includes raising more than $20 million for junior exploration over the last 12 years. He is a Member of the Association of Professional Engineers and Geoscientists., the Society of Economic Geologists and Fellow of the Geological Association of Canada. He is also a Qualified Person under National Instrument 43-101.
Greg McKnight — Co-Chairman
Greg McKnight was most recently Executive VP Business Development with Yamana and in senior roles since 2004. He has 25 years of mining-focused investment banking and corporate experience, including investment banking director with Canaccord Capital Corp. McKnight was instrumental in structuring the reverse takeover transaction and raising the equity for Yamanato’s recapitalization and re-positioning as a gold producer.
Dr. John W. Pollock — Co-Chairman
Dr. John Pollock has more than 40 years experience in archaeological and cultural heritage resource services. He has extensive mining, forestry and hydro projects across northern Ontario. Pollock has First Nations background with locating and mapping traditional sites.
Rob Suttie — CFO
Rob Suttie is the VP of Marrelli Support Services Inc. offering management advisory, accounting and financial disclosure services to Canadian public issuers. He has 20 years of financial reporting experience, including 10 years in public accounting. Suttie is CFO to a number of junior mining companies listed on the TSX Venture exchange and the CSE. He is President and CEO of Castle Resources Inc. Suttie has a B.A. from the University of Western Ontario.
George Pollock — VP, Exploration
George Pollock has 20 years of mineral exploration experience, including in land management, acquisition and development as well as exploration planning experience. He has extensive field work experience in the Abitibi Greenstone Belt. Pollock was the past President of Northstar Gold Corp. for 10 years and raised $7 million for the company. He negotiated MOU agreements with First Nations. Pollock holds a Mining Engineering Diploma (Honours) from Haileybury School of Mines.
Charles Main — Director, Audit Committee Chair
Charles Main has more than 30 years of finance and mining experience. He has served as Executive Vice President, Finance and Chief Financial Officer of Yamana Gold Inc., as well as Independent Director and Chair of the Audit Committee with Wesdome Gold Mines Ltd.
Tony Lesiak — Director
Tony Lesiak is currently Senior Advisor, Investment Banking at Canaccord Genuity (Canada), and previously Managing Director and Global Head of Mining Research. He has more than 20 years’ experience in equities research in the metals and mining sector which included senior positions at UBS (Toronto) and HSBC (New York and Toronto).
Mike Sutton — Special Advisor
Mike Sutton is Director of several companies including Rupert Resources and Galway Metals. He has more than 30 years experience as an exploration geologist at major gold camps, including(Witwatersrand, Timmins and KirklandLake. Sutton was awarded Prospector of the Year for Ontario (2006) for the discovery of the Macassa South Mine Complex.
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