The 988 ha SAM Property is host to the SAM Zone, a volcanogenic massive sulphide (“VMS”) polymetallic deposit with a historical (non-43-101 compliant) resource of 29,024 tonnes at 2.95% Cu. The property lies 15km west of Flin Flon Manitoba and approximately 10 km northwest of both the Flexar and Birch lake mines.
The project is accessible by winter road or boat from Denare Beach to the north end of Amisk Lake where drill roads access the property. Float/ski plane can be used to access Wolverine Lake within the property.
The claims are 100% owned by Taiga Gold Corp. with no underlying royalties or encumbrances.
- Host to the SAM Zone - a VMS deposit with a historic resource* and open to depth
- Excellent geology highly prospective for VMS and orogenic gold mineralization
- Prospective conductive trend to the east and west with limited drill testing
- Numerous gold showings with limited but encouraging shallow drill testing
- Excellent Infrastructure including drill roads and nearby smelter, rail, highway, airport, hydro
*Taiga Gold Corp. management considers the mineral resource estimates to be historical in nature and cautions that a Qualified Person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves in accordance with National Instrument 43-101. These estimates do not comply with current definitions prescribed by National Instrument 43-101 or the Canadian Institute of Mining, and are disclosed only as indications of the presence of mineralization and are considered to be a guide for additional work. The historical models and data sets used to prepare these historical estimates are not available to Taiga Gold Corp., nor are any more recent resource estimates or drill information on the Property.
Property is located in the Flin Flon belt a relatively low metamorphic grade component of the Early Proterozoic Trans-Hudson Orogeny. It is bounded to the north by a transitional boundary into the high-grade gneisses of the Kisseynew Domain and is overlain to the south by flat lying Paleozoic limestones. The Flin Flon Belt is subdivided into the Hanson Lake Block, The Fourmile Island assemblage, Snow Lake assemblage, Wekusko assemblage and the Amisk Collage, which is where the Sam Tenure lies. These tectonostratigraphic assemblages are separated by major faults or intervening turbidites, felsic intrusions and older basement assemblages. The Amisk Collage can further be subdivided into the West Amisk, Birch Lake, Sandy Bay and Flin Flon assemblages. The Sam Tenure is dominated by Amisk Collage rocks comprised primarily of volcanics, which are then unconformably overlain by the sediments of the Missi Group followed by intrusions ranging in composition from granitic to ultramafic.
The Amisk Collage forms a major greenstone belt which hosts the majority of the base metal deposits in the Flin Flon – Snow Lake areas as well as some gold deposits. The Amisk Collage is composed of subaerial to subaqueous mafic to rhoylitic lavas, fragmental and locally derived volcaniclastic sediments. The Missi Group consists of clastic sediments that unconformably overlie the Amisk Group. The clastic sediments range from coarse, polymictic conglomerates to arenite/wackes and feldspar crystal tuffs/porphyries.
The project is underlain by northwest trending, southwest dipping belts of differing lithological units. From the northeast to the southwest of the project these lithological units include: the felsic Reynard Lake Plutonic Complex, mafic flows and mafic volcaniclastics of the Birch Lake assemblage, the Mosher Lake Shear zone between the Birch Lake assemblage to the northeast and ultramafic intrusions, mafic volcanics of the Sandy Bay assemblage and the Missi Group sediments to the southwest. All rock types in the area have been cut by numerous generations of felsic-mafic intrusions.
The SAM property hosts multiple zones of mineralization of which the most notable are outlined below:
Black Prince Cu-Au VMS Zone
The Black Prince Cu-Au VMS showing located in the SE portion of the property is a northwest striking and southwest dipping zone of sulphide mineralization hosted within shear zones. It is primarily comprised of disseminated sulphides with minor chalcopyrite within a silicified matrix and massive sulphide zones up to a meter thick host to pyrrhotite and pyrite mineralization. Drilling on two conductors 1200m to the northwest intercepted 0.5 m of massive pyrite-pyrrhotite mineralization and disseminated sulfides over approximately
10 m with assays as high as 0.14% Cu and 0.31 g/t Au. Historical drilling results into the zone by Hudson Bay Exploration and Development were never reported
The SAM Zone is comprised of the SAM discovery hole and SAM deposit located approximately 300m apart in the north central portion of the claims. The zone hosts a non-43-101 compliant resource of 29,024 tonnes @ 2.95% Cu over a strike of 200m and up to 50m wide, it’s open below 200m. The mineralization is defined as Konuto Lake type and occurs as local disseminations and stringers over tenths of feet to tens of feet of pyrite-pyrrhotite, and chalcopyrite. The Sam discovery hole located approximately 300m to the SW of the deposit assayed 1.16 g/t Au, 0.3% Cu, 0.09% Zn including 0.3 m of 1.85 g/t Au, 0.96% Cu and 0.27% Zn from 11.6-13.5m. Three anomalous base metal zones were intersected below including 1.09% Cu from 44.96-46.33m.
The TEA 2 Zone is associated gold showing located ~2.2 km southeast of the Sam VMS deposit. Drilling intersected 1.15 g/t Au and 0.5 g/t Ag from 33.37-34.29m.
Wolverine North and West Zone
This zone is associated with the SMDI 2226 showings. At Wolverine West channel sampling as wide as 1.0 m returned assays of up to 24.61 g/t Au with many samples reporting >3.1 g/t Au.
Assays from the Wolverine North showing reported as high as 4.28 g/t Au collected from 5-20 cm wide quartz-ankerite-sericite stringer veins. An IP resistivity survey was conducted in the northeast portion of this zone and followed by six drill holes, 4 of which encountered gold bearing veins and returned the following results:
||Description of zone and sampling
||1m @ 0.96 g/t Au
||63.7 - 64.7m
||0.97m @ 2.70 g/t Au
0.83m @ 1.09 g/t Au
|26.10 - 27.07m
54.67 - 55.50m
||0.61m @ 1.71 g/t Au
||27.13 - 27.74m
multiple auriferous zones intersected
||2.74m @ 0.53 g/t Au
Including 0.78 g/t Au
|18.90 - 21.64m
18.90 - 19.81m
Golden Bear Shear Zone
This zone hosts the 12m long by 1m wide Dingo-Dingue Vein located 200m east of Wolverine Lake on the southern portion of the Sam Tenure. The Golden Bear Shear Zone is 15-20m wide with quartz-tourmaline-carbonate veining common throughout the shear. Channel sampling of the Dingo-Dingue vein returned assays from 0.93-10.23 g/t Au with the best result being 9.61 g/t Au over 1.55m.
SMDI 2209 Zone
The zone associated with the SMDI 2209 showing is a mesothermal gold showing located in the SE portion of the property. Two outcrop samples were collected assaying 0.47 and 0.78 g/t Au.
A total of 12 government programs including reviews, mapping, sampling and geophysical surveying were carried out between1954 and 2010.
Industry exploration efforts comprised of 26 programs between 1952 and 2011. These programs included a total of 78 diamond drill holes, airborne and ground-based geophysical surveying, channel and trench sampling, lithogeochemical and biogeocemical sampling, petrography, geological mapping, rock and soil sampling, prospecting.
Geophysical surveying and mapping identified numerous conductive trends that correlate with areas of sulphide mineralization. Geological mapping concluded that rock types and structural trends in the study area were similar to those observed at the Birch Lake and Flexar VMS mines located to the southeast.
Taiga Gold Corp. Exploration
In 2018 a desk top study was performed in order to compile all existing geological information which was incorporated into a database. From this, an analysis was conducted and recommendations for future work were made.
For the mesothermal gold targets it is recommended that 1-2 lines of test IP-Resistivity be completed over each showing that is deemed worthy to be used in conjunction with detailed trench mapping to define targets at depth.
For the VMS targets it is recommended that further lithogeochemical and potentially soil sampling be completed along and beyond the prospective conductor trends to delineate any apparent hydrothermal alteration that should be followed up with drilling. At the Sam Zone it is recommended that consideration be given to testing more modern, deeper penetrating geophysical methods in addition to using the modeled BHEM conductor plates to target mineralization below 200 m.
Updated May 25, 2020