PAINTLAKE ROAD PROJECT JV

We formed a Joint Venture with Frontline Gold where our technical staff have identified a number of high potential gold targets. In March 2020, Advance United acquired a block of claims approximately 2 kilometers from Wesdome’s Mishi Pit and adjacent to Argo Gold’s Abbie Lake property which hosts gold showings along a major structure that extends onto Advance United’s property. Subsequent to acquiring the property Au was approached by Frontline Gold (whose CEO is a Director of the company) to form a Joint Venture with a group of claims Frontline Gold had recently optioned to the south of our property. It was agreed that each party would contribute their claims into a combined property, now called the Paint Lake Road Joint Venture, with each party owning a 50% interest. Advance United is the operator of the JV.

DOWNLOAD THE PAINT LAKE ROAD PROPERTY SUMMARY (PDF) (2,299 kb)

6 claim blocks

3,610 ha

Strategically located 50km west of Wawa and along the all-season Paint Lake Road which connects to Trans Canada Highway

The claims are contained within the Mishibishu Greenstone Belt which hosts the Eagle River Gold Mine and Mishi Open Pit belonging to Wesdome Mines.

Both properties are situated on the prolific Mishibishu Lake Greenstone Belt

Excellent all-season road access, power lines and nearby infrastructure

Frontline can earn a 100 percent interest in the claims by paying a total of C$56,000 over a 3-year term.

PROPERTY HIGHLIGHTS

• Situated within the Wawa Abitibi Subprovince which is prolifically known for its metal endowment.
• It has been estimated the Abitibi Subprovince has produced over 200 million ounces of gold and 400,000,000 million tonnes of base metal ore.
• There has been very little historical drilling on the Paint Lake Road Property.

Wawa Abitibi Subsprovince Precious Metals

PAINT LAKE ROAD PROPERTY MAPS

HISTORICAL DRILLING