Wawa-Holdsworth Project

Targeted Commodity:

  • Gold and Silver

Location:

  • 3 kilometres north of the town of Hawk Junction (20 kilometres northeast of the town of Wawa) in the Corbiere and Esquega Townships of Northern Ontario. The property has year-long road access as well as easy access to other infrastructure including rail, road, electrical power, labour force and suppliers.

holds property overview 170112

Property Size Land Position:

  • 18 contiguous patented mining claims covering approximately 285 hectares

holds property claims 170112

Stage of Exploration:

  • Early Exploration

Ownership:

  • On December 7, 2016, MacDonald Mines entered into an Option and Joint Venture Agreement with Noble Mineral Exploration Inc. to advance exploration on Noble’s Wawa-Holdsworth Gold and Silver Project. Subject to the terms and conditions of the Option Agreement, MacDonald Mines will have the right to earn up to an undivided 75% interest in the Project, comprising of a first option to earn a 51% base interest and a second option to earn an additional 24% interest. Also, MacDonald Mines will be the operator of the Project.

    To date, MacDonald has not earned any rights in the Wawa-Holdsworth Project.

Exploration History:

Historic work by previous operators defined three gold targets on the Wawa-Holdsworth Project:

  • Greenstone-hosted quartz-carbonate vein deposit (Soocana Vein System);
  • BIF-hosted gold deposits (gold-bearing pyrite zones in an Algoma-type iron formation);
  • Gold-bearing Oxide Sands developed from the weathering of the auriferous Pyrite Zones.

Mineralization Potential:

  • The geological data available indicates a likely genetic relation between the greenstone-hosted quartz-carbonate vein-type mineralization (Soocana Vein System) and the BIF-hosted gold mineralization (auriferous pyrite zones) of the Wawa-Holdsworth project. This interpreted association is similar to what is observed in other gold districts (Dubé et al., 2015) and suggests that these mineralized zones are part of the same hydrothermal system. This working hypothesis could considerably expand the area of interest for exploration on the Wawa-Holdsworth Project as most of the Property would fall within the same structural/hydrothermal system. Previous operators’ work has shown that the Soocana Vein System consists of more than one mineralized quartz vein, broadening the potential for gold mineralization associated with that vein system. Also, the Oxide Sands, capping the gold-bearing iron formation, show a good potential to become an easily recoverable material for a hypothetical gold production.

holds property geology 161216

Proposed Work Program:

  • The gold potential of the Oxide Sands has been demonstrated by previous operators, but much remains to be done to clearly evaluate the size and grade of this mineralization type. A drill program combined with ground exploration, airborne geophysics and mechanized stripping will help uncover additional zones of gold.