Gordon Lake Project

Gordon Lake Project

The Gordon Lake Project, located in the Northwest Territories has similar geological features to some of the biggest past producing gold mines in Canadian history.

Gold was first discovered by prospectors in the Yellowknife area in 1896, who were headed north for Klondike riches. But because the area was considered inaccessible, nothing came of the discovery at the time.

But then in 1935 with the arrival of commercial aircraft (bush planes) everything changed and the area became more accessible, and the gold boom began.

At this time, eager prospectors returned, hunting the precious metal all along the northern shores of Great Slave Lake.

Work in the summer of 1936 led to the discovery of numerous gold veins at the Con Mine (1938-2003), which became the first gold mine developed in the Northwest Territories, Canada, just south of Yellowknife.

The mine produced over 5 million ounces of gold.

Then came the “Giant” mine claims which lead to the production of 7 million ounces of gold and one of the longest continuous gold mining operations in Canadian mining history.

Also, the Discovery Mine was a gold mine 84 kilometers northeast of Yellowknife, Northwest Territories that operated between 1950 and 1969.

The mine produced one million ounces of gold.

About the Gordon Lake Project

The Gordon Lake gold property consists of 2 contiguous mineral leases located 110 kilometers northeast of Yellowknife in the Northwest Territories of Canada.

*Source: NI 43-101 Report Gordon-Venn Lake Property Technical Report
– Aurora Geosciences Ltd. June 29, 2011.

The Gordon Lake Property is located on NTS sheet 085P/06 in the Northwest Territories, Canada. It is centered about 63° 17' N latitude and 113° 02' W longitude or UTM 397979 E 7018543 N (NAD83, Zone 12) (Figure 1). The claim group lies in the Mackenzie Mining District and covers ground at the north end of Gordon Lake. This is an area associated with turbidite-hosted gold occurrences approximately 115 km northeast of Yellowknife, NT. The property covers 1505 acres centered about 2200 meters north of Gordon Lake.

Access is by helicopter and ski- or float-equipped aircraft in the winter or summer. A maintained winter road, which traverses Gordon Lake to service the diamond mines to the north, is commonly operational from the third week in January to the third week in March. This winter road traverses through the eastern portion of the property and provides truck accessibility during the winter road season. A 3 kilometer long bush road joins the Main Zone at Ven Lake with the winter road.

The most recent technical report on the property was completed by Boxxer Gold Corporation* in 2011 (now Exgen). This report highlights 17 zones of high-grade shear hosted gold mineralization (only three of which have been drill tested), over a 1 kilometer strike length (generally North to South), and have been identified by geophysical surveys (2004 and 2011 MAG and IP, and 2010 Airborne MAG) and 97 drill holes (total of 7313.8 meters) drilled in 1983, 1988 and 2005.

The gold-bearing quartz veins of Gordon-Ven Lake are classified as Coarse Gold-bearing veins occurring in metaturbidite hosted mesothermal vein systems.