....Now MMU must earn an Interest
posted on
Jan 06, 2009 01:11PM
Focused on the Rice Lake Gold Belt
Poundmaker Property
Historical
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.