Hercules
place
Ontario, Canada

Project Highlights

  • Direct road access and large continuous land package
  • ​in close proximity (~70 km) to Greenstone Gold Mines Hardrock Deposit (4.2 Moz)
  • Host syn-volcanic Elmhirst Lake Intrusion Complex (2736 Ma)
  • 13 km by 7 km with felsic metavolcanic equivalents
  • complex system of predominantly granodiorite-(trondhjemite-tonalite) intrusions (GTT) with a central magnetic core of diorite/quartz diorite
  • extrusive co-magmatic felsic pyroclastics form arcuate apron about Elmhirst Lake Intrusion Complex (ELIC)
  • Hosts > 30 gold-bearing quartz vein/stockwork zones in shears within the ELIC

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Project Description

The Hercules Gold Project is a 8740 hectare property, located 200 kilometers northeast of Thunder Bay, Ontario in the townships of Elmhirst and Rickaby, within the Thunder Bay North Mining District. The Property lies within an Archean greenstone belt that extends from the Longlac area in the east to Lake Nipigon in the west, a distance of 130 kilometers. The Property consists of 393 contiguous claim cells totaling approximately 8,740 hectares.

The Property has an exciting history, as it was selected by the Northwestern Ontario Prospectors Association as the discovery of the year in 2008. To date, the work completed on the Property forms an extensive database including grab samples; channel samples; a variety of geophysical surveys; and, a drill hole database that includes historic drilling of 497 holes totaling 106,931 meters. More than 2,000 grab and channel samples were collected from the Property. In the last two field seasons, more than 150,000 m2 of trenches were developed. Metallurgical test results, in 2009, by SGS Lakefield of 94 kg of sample material concluded that 'cyanidation of gravity tails yielded an excellent response with greater than 99% of the gold being recovered/extracted in the gravity and cyanidation flow sheet.

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