The Rickard Gold Property is located approximately 70 kilometers North-East of the city of Timmins, Ontario, within the prolific Timmins Mining Camp which has produced over 80 million ounces of gold over the last 100 years. The Property consists of 5,656 hectares of mining claims, including three patented parcels which are road accessible, proximal to power and a local work force. The operation is also within 25 to 60 kilometers of six currently producing gold mines and eight previously producing operations. Access to the project area is via maintained logging roads which extend 20 kilometers from the main highway, making year-round operations possible.
The geological setting of the Rickard Gold project is interesting as it sits along the North Pipestone break at a point where two geological features come together, not unlike the Porcupine Dester Fault zone that is host to the Dome mine, Hoyle Pond, Blackfox and Holloway mines, about 70 kms to the south. The Property is also cross cut by a NW – SE trending fault structure that seems to be related to gold mineralization, but more follow up work is required. The High grade gold mineralization is associated with dilation zones which produced ore shoots within the quartz veining that can be found on surface and this is what ultimately led to the gold discovery.
Gold was first discovered by loggers in July of 1916 on the northern part of patent claim 18405. By 1918, The Mining Corporation of Canada had diamond drilled 660 meters and sunk a 100 foot shaft and developed over 230m of drifting and crosscutting at the 100 level. The north vein at the shaft contained considerable molybdenite on slips and fractures in the quartz. Curiously, high grade ore was only really encountered between the depths of 5 to 14 feet and little gold was found below the 40 ft level of the shaft.
In 1923, Rickard Gold Mines Limited was formed, which consisted of five patented claims and little to no work was completed on the property up until 1934 when Rickard Ramore Mines Limited was created and a new focus shifted to the past producing mine. The newly formed company worked the property from 1934-1937 whereby they deepened the shaft to a depth of 70 meters, 330 meters of drifting and cross cutting on the 100 level and 140 meters of lateral work on the 200 level. Also completed by Rickard Raymore was approximately 3, 300 meters of diamond drilling that highlighted mineralization to the eastern edge of the claim boundary.
Twindyke Mines then purchased the 5 claims and optioned 5 adjoining claims and between 1939 and 1942, the company sunk a windz from the 200 level to about 275 feet and then proceeded to develop 300 meters of lateral work on the 275 level. During this time, Riczone Mines Ltd made a discovery of similar type mineralization and veining as the shaft zone on claim 18405. Some references can also be found about gold being found in pits 900 meters to the south which would later be called the Carbonate zone.
The property then exchanged hands a few times over the years, that is until the owners decided to relinquish the mining rights which reverted back to the Crown on June 1st, 1995. All claims were then opened for staking with the exception of claims 18405 and 23576 due to what was deemed a mine hazard because the shaft was not capped, despite that the fact that the mine was filled with water.
On June 1st, 1995 CDKW staked the claims and optioned them off to RJK Explorations with the exception of the aforementioned claim blocks 18405 and 23576. An exploration program compromising of a total air mag survey, IP surveys, prospecting and geological mapping was completed by the end of the year and between March and July of 1996, 3 diamond drill holes totaling 643 meters were completed which highlighted 2 alteration zones on the Twindyke property. In drilling a low IP anomaly along the Riczone trend, RJK noted that a strong deformation zone with associated silicification, carbonization and hematization (all of which are important to gold mineralization) does exist but they failed to hit the structure as their holes were to shallow.
At the time, RJK had other interests they wanted to focus their attention and so the property sat idle for a number of years until the two patented claim blocks became free and got claimed by a couple local prospectors. After a few years of work on the property the prospectors started reaching out to junior mining companies as they could not fund the drilling campaign that was needed on their properties which lead to an eventually agreement with ArcPacific to option the two remaining claim blocks that make up the Rickard Gold property.
Present Day Exploration
ArcPacific wasted no time compiling all the historic data and adding more land to the overall package. Once they completed the consolidation of information, they flew a LIDAR survey in an attempt to highlight some of the aforementioned pits and historic workings. In doing so the company was also able to identify additional vein structures in multiple areas. Some of these identified structures correlate with historic trenches and will be re-sampled to confirm the historical records.
Furthermore, the company took the time to create a 3D model of the historic underground workings ahead of their maiden drilling campaign. The initial drilling program of up to 4,000 meters of NQ size core will target near mine extensions, and parallel structures identified in the LIDAR, data compilation work and utilize the detailed 3D modeling to identify gold mineralization historically reported to occur in high-grade ore shoots within multiple sub-parallel, well-developed vein structures.
Phase 1 drilling is now underway and to date the company has been very successful in hitting mineralized structures that look like they might be part of a larger geological system that contain multiple quartz veins within a wide shear zone of alteration.
Two Phase Approach to Exploration
About ArcPacific Resources Corp.
ArcPacific Resources Corp. (TSXV: ACP) is a Canadian based exploration company expanding the exploration initiative at multiple historic past producing gold and silver mines in the Timmins Gold Camp, Ontario, and in the Nicola Mining Division in Southern British Columbia. The Company is focused on creating shareholder value through new discoveries and strategic development of its mineral properties. For further information, please visit http://www.arcpacific.ca.
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