ANGOLD RESOURCES LTD, SOUTH BAY - UCHI PROPERTY
The 100% owned Uchi Property Is located approximately 80km east of Red lake, Canada in the Birch-Uchi Greenstone Belt. The Red Lake Greenstone Belt, contiguous with the Birch-uchi Greenstone belt to the West, hosts major gold deposits with historical production greater than 25 million ounces. The Uchi Property is adjacent to and on strike with two past producers; the South Bay Cu-Zn-Ag mine and the previous Uchi Au mine.
UCHI HIGHLIGHTS
On trend from significant gold and base-metal zones with no modern exploration
Potential for discovery of greenstone hosted gold and VMS base-metal deposits
Mimi Point sampled 13.03 g/t Au over a 0.49 m channel
New access enables low cost exploration
*_Click here for more on historical resource sources and qualifying person statement_
UCHI PROPERTY
80 km east of Red Lake, Ontario
in the underexplored Birch-Uchi greenstone belt
Location
Large continuous land package – 6,868 Ha
Size
Road access from Ear Falls, Ontario
Access
Prospective for both gold and base metal mineralization, historic surface sampling up to 13 g/t Au reported¹
Adjacent to 2 past producers
No modern exploration
Highlights
100%
Ownership
None
NSR
¹ Source: Parker, J.R., and Atkinson, B.T., 1992, Gold Occurrences, Prospects and Past Producing Mines of the Birch- Confederation Lakes Area, Ontario Geological Survey, Open File Report 5835, 332p.
UCHI & DIXIE CONNECTION
The Uchi Property has a large continuous land package of 6,868 ha with road access from Ear Falls, ON. Is it prospective for both gold and base metal mineralization, with historic surface sampling up to 13 g/t Au reported. Uchi shares similar geology to Great Bear Resources’ Dixie property. Their structural settings are both major crustal deformation zones with gold bearing quartz veins.
¹ Source: Technical Report on the Dixie Property Red Lake, Ontario, Great Bear Resources, May 2020, Albina Adamova, P. Geo.
PROPERTY GEOLOGY
There has been little to no modern day exploration in the area. That being said the VMS targets for Uchi show multiple look alike conductors to the South bay mine, which is mostly undrilled. In the short term we will focus on doing some ground work, soil and geological surveys. This will help us towards getting our drill targets for next year.