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Focused on the Rice Lake Gold Belt

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Message: ....Now MMU must earn an Interest

....Now MMU must earn an Interest

posted on Jan 06, 2009 01:11PM

Poundmaker Property

Historical

    • Poundmaker deposit: quartz veins with high-grade gold, deposit is open at depth and along strike. Brinco, 1986 bulk sample of surface ore stockpile yielded average assays of 3.29oz/ton Au.
    • Clinton shaft & adit: historical assays of >0.3 oz/ton Au
    • New gold discovery (Lady Gold Zone) SE of Poundmaker deposit
    • Rio, Roderick, and Liberty zones discovered in 2006
  • Numerous historical gold showings including:
    • Regional fold intruded by porphyries.
    • Sheared & carbonated (Target 3).
    • Host rocks to San Antonio mine lie in south part of property; Mike Power Grid
    • Newly recognized fault splays of Wanipigow fault (regional control to gold deposition).
    • Iron carbonate alteration zones in sheared felsic volcanics.
    • Gold in I.F. - Limited and shallow diamond drilling.
  • Other potential gold environments.

Mike Power Grid

In May, 2006 Wildcat completed a multi-element MMI soil geochemical survey initiated in 2005 on the Mike-Power grid in the southern portion of the Poundmaker property. MMI geochemistry is a relatively new technique developed to detect bedrock-hosted precious and base metal mineralization buried under thick overburden cover. This enables pinpoint exploration and reduces diamond drill costs.

The anomaly appears to be spatially associated with the Gold Creek Shear zone (GCSZ). Field mapping conducted in the summer of 2005, in the area of the GCSZ, outlined significant sericite and ankerite alteration proximal to the MMI anomaly.

From the MMI results and field mapping conducted in the summer of 2005, a diamond drill hole targeted the southeastern portion of the MMI anomaly within the GCSZ (see press release dated May 16, 2006). The hole intersected several narrow zones of multi-phase quartz-tourmaline breccia veins and associated strongly altered rocks with an assemblage comprising sericite – chlorite – ankerite – quartz – pyrite with minor intervals of strong silicification. Zones of high strain, including mylonite, associated with the GCSZ were also intersected.

The 2006 survey expanded the 2005 anomaly to the east for an additional 550 m and a total strike length of about 1 km. The combined characteristics of the 2005 and 2006 MMI survey indicate the gold anomaly has responses of up to 86 times background and is coincident with a 20-times background silver anomaly.

In the Fall of 2007, the process of data integration and selection of drill hole locations to test coincident MMI, geophysical and geological targets was begun, upon completion of a program of ground geophysics (IP and Mag). Five drill holes sites were selected for completion during early 2008.

Excellent access to the area is provided by an all-weather road that is 50 meters north of the anomaly which greatly assists to the exploration area.

On February 04, 2008, an option on 72 claims (12,176 ha) was granted to Marum Resources of Calgary, AB.

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