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Hyland Gold Property Highlights
- A 1990 noncompliant National Instrument (NI) 43-101 resource* estimate of the Main Zone at approximately 117,000 ounces of gold (Au) within 3.2 million tonnes grading 1.1 grams per tonne (g/t) Au
- Expansion potential of the Main Zone is defined by a 3.2 km long zone of anomalous ">25ppb Au in soils" geochemistry signature within a coincident 20 square km aeromagnetic anomaly
- Main Zone oxide gold mineralization is hosted by a 14 km long fault Zone with numerous unexplored Au in soils geochemical anomalies both north and south of the Main Zone anomalies
*The reliability of the historical data is unknown but is considered relevant by Company management. The historical data is non-N.I. 43-101 compliant and should not be relied upon. It is the Company's intention to verify the historical data and confirmation work may produce results that differ substantially from the historic results.
The Company believes that previous exploration work demonstrates mineralized grade and continuity as show in the following table:
| Drill Hole or Trench Number |
Length or Width (m) |
Gold g/t |
| PDH 90-09 |
16.7 |
2.65 |
| PDH 90-41 |
129.7 |
1.19 |
| PDH 90-34 |
13.7 |
1.0 |
| PDH 90-34 |
33.6 |
0.9 |
| Trench 88-36 Main |
30 |
4.87 |
| Including |
20 |
6.55 |
| Trench 88-36 West |
88 |
0.81 |
| Trench 88-36 Main |
16 |
1.84 |
| Trench 87-11 |
15.5 |
2.3 |
| Trench 88-23 |
40 |
2.1 |
| Trench 88-25 |
17.7 |
2.8 |
| HY-03-01 |
17.2 |
1.29 |
| HY-03-02 |
53.1 |
1.38 |
LocationThe Hyland property is situated in the Watson Lake Mining District of South Eastern Yukon Territory, Canada. It is located 70 kilometres northeast of the village of Watson Lake and is centered at latitude 60º 30' N and longitude 127º 50' W. The property is accessible by helicopter, float plane and 4x4 roads.
HistoryLead-zinc-silver mineralization was first discovered in the late 1800's at the site of what is now known as the McMillan deposit immediately southwest of Quartz Lake. The McMillan property abuts the Hyland property directly to the west. Recent exploration of the Hyland property began with the staking of the Porker claims in 1973 by the Hyland Joint Venture (comprised of Marietta Resources International Limited, Mitsubishi Metal Corporation and Messrs. Landon T. Clay and Harris Clay) to cover a lead-zinc exploration target associated with siderite-pyrite replacement mineralization in limestone beds. Initial work consisted of geological, geophysical and geochemical surveys and four diamond drill holes were completed in 1975.
Option AgreementUnder the terms of the Option Agreement, the Company has the option to earn a 100% interest in the Property from Victoria Gold Corp. (TSX.V:VIT) by making cash payments totalling $175,000CAD, issuing 800,000 Company shares and completing $2,250,000CAD in exploration work over 3 years. The Property will be subject to a 2.5% capped net smelter return royalty with a provisional buyback of 1.5% for $1,000,000CAD. The TSX Venture Exchange approved the Option Agreement on December 17, 2009.
LandHyland is 100% owned by StrataGold and consists of 299 claims that cover 5,497 hectares.
GeologyThe Hyland property lies near the southeast end of the Tintina Gold Belt, which extends across central Alaska and Yukon. In recent years a number of important lode gold deposits have been identified within the belt such as Pogo, Donlin Creek, Fort Knox, Brewery Creek, Dublin Gulch and Ketza. Although these include a wide variety of mineralization types, all are related to Middle or Late Cretaceous granitic bodies.
The Hyland property area is underlain by sedimentary strata consisting predominantly of phyllite and quartzite with interbedded grit, quartz-feldspar pebble conglomerate and limestone. These rocks belong to the Lower Proterozoic "Grit Unit" or the partially correlative Lower Cambrian "Phyllite Unit", both are part of the Hyland Group. All rocks have undergone lower greenschist facies regional metamorphism.
MineralizationGold mineralization can occur within the granitic intrusions but it is more commonly hosted by adjacent or overlying wall rocks. Most of the gold deposits occur within zones of low magnetic susceptibility and exhibit a lithophile geochemical signature characterized by anomalous concentrations of gold, arsenic, bismuth and tungsten.
The geologic setting and styles of mineralization found on the Hyland Property are similar to the 18 million ounce Telfer gold-copper deposit in Australia. The mineralization is of the distal intrusion-related type within the Tintina Gold Belt model. These include silicification and silica replacement style mineralization with stockwork vein style mineralization, as well as stratabound sulphide replacement of graphitic argillites in the hanging wall and of limestone in the footwall, of the main mineralized structure.
2010 Exploration ProgramThe Company is reviewing and compiling all the available historical data in preparation for an aggressive 2010 exploration program. The program will be designed to test the potential of the sulphide and oxide gold mineralization. Exploration work will focus on continued definition and expansion drilling within the Main Zone and Quartz Lake fault zone to both south and north of the Main Zone. Previous operators viewed the area north of the Main Zone as the most favourable area for further exploration and felt that there was considerable potential for extension of the known gold mineralization.
The Company is reviewing and compiling all the available historical data in preparation for an aggressive 2010 exploration program. The program will be designed to test the potential of the sulphide and oxide gold mineralization. Exploration work will focus on continued definition and expansion drilling within the Main Zone and Quartz Lake fault zone to both south and north of the Main Zone. Previous operators viewed the area north of the Main Zone as the most favourable area for further exploration and felt that there was considerable potential for extension of the known gold mineralization.
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