The former Wildcat Exploration Ltd HUB On AGORACOM

The company is now known as FUSE Cobalt.

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Message: Rice Lake Pt 6 - Siderock

Rice Lake Pt 6 - Siderock

posted on Feb 11, 2009 07:42PM

A Chronological Summary on Siderock:

2004, 2005 - Wildcat completed a diamond drill program over the Poundmaker and Siderock properties between November 2004 and February 2005..... 1472 meters of drilling was conducted on the Siderock property where the focus of attention was the Portage Gold Zone.
The 2005 summer program consisted of extensive line-cutting and geophysical surveying on the Poundmaker, Siderock, Garner and Jeep properties, followed by mapping and prospecting on the four properties in the Bissett area of Manitoba.

2006 - The Siderock claim group, adjacent to the Manitoba-Ontario boundary 70 kilometres west of Red Lake, Ontario, is the easternmost property group controlled by the Company in the Rice Lake Greenstone Belt. Follow up drilling to the successful 2005 drill campaign was planned, requiring frozen surfaces to access the drill targets, but was unable to be performed due to the mild temperatures experienced in the belt in early 2006. The extension of the Portage Zone on Siderock and The Poundmaker Deposit remain high value targets for the Company.

The Siderock property hosts a geological environment including age, rock composition, alteration and deformation similar to that underlying the Red Lake gold deposits. This represents a new geological model for the deposition of potentially important gold mineralization in the Bissett gold camp. Wildcat commenced a 2500 meter (minimum) diamond drilling in January 2006. The program was to target both the Poundmaker and Siderock properties. Drilling on the Siderock property was to target the Portage Gold Zone.
The Portage Gold Zone comprises gold mineralization (grab sample assays up to 0.67 oz/ton), found in altered and sheared felsic volcanic-volcaniclastic rocks intruded by silicified quartz-feldspar porphyry dikes. Gold mineralization and alteration on the Portage Gold Zone is bounded by the Siderock Lake fault to the north and by a major crustal “break”, the Wanipigow fault, to the south. The Wanipigow fault is a structure similar to the Porcupine-Destor and Larder-Cadillac “breaks” in the Timmins and Kirkland Lake gold camps respectively.
In 2005 preliminary drilling tested several targets on the Portage Gold Zone – a new discovery made by Wildcat in 2004 (Press Releases July 27 and October 4, 2004). Drilling encountered anomalous gold mineralization in six of eight drill holes. The 2006 drill program was to target encouraging gold intercepts encountered in the 2005 drilling and new MMI geochemical anomalies identified from the 2005 summer work program. On February 7, 2006 Wildcat announced that drilling operations of its current drill plan were suspended due to exceedingly mild weather conditions. In order for the drilling to have been accomplished, access to all drill sites required frozen ground conditions as well as the drill rig requiring frozen ground or thick ice pads in order to securely positioned. Due to the prolonged mild weather affecting southern Manitoba during the 2005-2006 winter, insufficient ice had been developed to safely support a drill rig on lakes, ponds etc.

2007 - No work was conducted on the Siderock property in 2007.

2008 - Minimal work was done on the Siderock property in the first and second quarters of 2008 and costs incurred were not significant. No work was done in the third quarter.

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