The Beresford Lake property represents a clear, low-cost, near-surface shot at outlining a classical Red Lake gold deposit. The property lies along the regional Uchi greenstone subprovince that contains the Red Lake gold camp to the east and the Rice Lake gold camp that contains the Beresford Lake property.
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The area is accessible by road from the town of Bissett and it is anticipated that a truck mounted .
The Rice Lake greenstone belt is the most significant lode-gold district in Manitoba, with hundreds of documented occurrences and historic production of approximately 1.73 million ounces from several past-producing mines, including 1.42 million ounces from the San Antonio mine at Bissett. The Rice Lake belt forms part of the Archean Uchi Subprovince and is currently regarded by some explorers as being similar in rock type and structure to the Red Lake gold camp in Ontario, approximately 80 Kms to the east. The pace of exploration activity in the Rice Lake gold camp is accelerating with both junior and large companies conducting exploration. Placer Dome has recently optioned mining claims nearby and to the west of the Beresford Lake property.
The Manitoba Geological Survey has recently reported on field work in the area (Report of Activities 2003, GS-24) and has highlighted the area covered by the Beresford Lake property as containing favourable rock lithologies and vein systems that are ….. “closely analogous to those hosting spectacular high-grade gold mineralization in the Red Lake mine in Ontario. The presence of this style of mineralization, which has not been documented previously, further underscores the tremendous exploration potential of the Rice Lake belt.” Additionally, the recent Geological Survey report on the Beresford Lake property includes the observation that …. “the veins and the regional iron-carbonate alteration zones that host them, are substantially similar to those that host high-grade gold mineralization in the Red Lake gold camp of Ontario.”
Long On The Greens Traps7........