Golden Stock Property
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GOLDEN STOCK GOLD PROPERTY, ONTARIO
On December 27, 2013, the Company completed the acquisition of the Golden Stock gold property located several kilometres northeast of the Young-Davidson gold mine in Northern Ontario. In consideration for a 100% interest in the property, subject to a 2% NSR in favour of the vendor, the Company has issued 1,000,000 post-consolidation shares to an arm's length vendor. The shares are subject to a hold period expiring April 28, 2014.
The claims in Cairo Twp. consist of 40 units within 4 mining claims, in the Larder Lake Mining Division of Ontario. The property is 50 km west of the Kirkland Lake Gold Camp and is located within the Matachewan Gold Camp. The producing Young-Davidson gold mine is 4 km to the west. Access to the claims is between Kirkland Lake and Matachewan off of highway 566 on to new logging roads.
The property is situated within the Cairo Stock, which consists of seyenite schists, massive to porphyritic and occasionally trachytic seyenites. The Larder Lake-Cadillac Defromation Zone traverses across the southern portion on the Cairo Stock. There are numerous gold showings within and on the contacts of the stock. Accessory minerals noted are pyrite (up to 15% locally); traces of chalcopyrite; molybdenite; and fluorite. Quartz veins are common.