Ballard Lake Property
BALLARD LAKE DIAMOND AND GOLD PROPERTY, ONTARIO
The Ballard Lake diamond and gold property (the “Property”) is located approximately 50 kilometres northeast of Wawa, Ontario, Canada, within the Michipicoten Greenstone Belt, Sault Ste. Marie Mining Division. Most diamond mines and exploration prospects in Canada are remote, but the Ballard Lake property is located along Provincial Highway 651 and the CNR railway, and is widely accessible by regional logging roads.
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The Ballard Lake property lies in the Wawa supracrustal belt of the Superior Craton which is currently being explored by major and junior exploration companies for gold and diamonds. The Ballard Lake property covers the Ballard Lake Shear Zone (“BLSZ”), a deep crustal and possibly mantle tapping structure that is adjacent to a 12 kilometre (~7.5 mile) long granodiorite/volcanic contact with ample room for significant mineralization. Alkalic ultramafic intrusions present in the BLSZ may have followed this structure from depth to surface, and the BLSZ may have also served as a conduit for hydrothermal fluids carrying gold.
As at November 14, 2018, the Company has not secured a financing or joint venture partner to further explore the Ballard Lake property. In October 2018, the Company received forfeiture notification from the Ministry of Northern Development and Mines (Ontario) that the western half of the Ballard Lake property will revert to the Crown (Ontario) at the end of November 2018. The Company will not restake this ground.
Kevin Kivi, P.Geo. has extensive experience exploring for gold and diamonds in Canada. He is the Qualified Person for the Company’s Norwalk and Ballard Lake properties, and approves the technical content noted above herein.
For complete property disclosures and Quality Control on the Ballard Lake property, please see the Company’s news releases.