Hemlo North Limb Property
Through numerous acquisitions and staking programs, Orebodies has assembled a large, contiguous land package, which covers the northern extension of the Hemlo greenstone belt, (the “North Limb Property”). The North Limb Property is located 45 kilometres northeast of the town of Marathon, Ontario and 17 kilometres northeast of the Williams Mine operated by Barrick Gold Corporation at their Hemlo property. With this newly formed North Limb Property, Orebodies has consolidated, for the first time, this historically fragmented ground into one large land package totalling 428 claim units and covering over 6,800 hectares.
Orebodies recently completed an airborne VTEM geophysical survey over the entire North Limb Property, for which the Company is awaiting final data for review and evaluation of prospective targets. Several prospecting programs were also undertaken during the fall on the North Limb Property, and this data is currently being compiled and will be used in conjunction with the airborne data to generate additional drill targets.
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VTEMmax survey has identified an untested potential northern extension of the zone which was obscured from historical airborne surveys by a powerline crossing the northern part of the property
The correlation of the preliminary ZTEM and seismic data is very encouraging at Esso West and this combination of surveys will aid in drill targeting.
A 12,000-meter to 14,000-meter diamond-drill program is being planned to test for the feeder zones for the near-surface epithermal gold mineralization and the porphyry system at depth using the three-dimensional geophysics interpretation of the BAM Project.
“The start of our exploration program on the recently acquired Charcoal and Castor uranium projects is an exciting development for Cosa.”