Update on the Clan Lake Gold Project; Exploration around a 250,000 Ounce Gold ResourceThursday, November 22, 2018 - 10:40 to 10:59 Theatre 1
Gold at Clan Lake was initiated by discoveries by the Earl-Jack syndicate in 1964. In the late 1960’s, a 1,035 tonne bulk sample was processed, grading 14.59 gpt gold. Work by Noranda in the 1980’s and by the Yellowknife Gold Syndicate in 1990’s failed to materially expand the known showings. In 2008, Tyhee Gold Corp staked the property and quickly identified the Main Zone as containing 2.5 million tonnes grading 3.12 gpt gold for 254,000 ounces of gold as an Indicate Resources. Other showings such as the Morel, Bear, Cub and other gold zones saw only limited development. Recent examination has found the Morel Zone to be similar in size as the Main Zone, extending over 600 m in length and up to 100m in width. Other zones have been found to have substantial potential.