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Golden Pursuit Announces Receipt of NI 43-101 Report on Gordon Lake Project, NWT
Vancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Golden Pursuit Resources Ltd. ...
About this update from Golden Pursuit Resources Ltd.
[{"type":"text","content":"Golden Pursuit Announces Receipt of NI 43-101 Report on Gordon Lake Project, NWTVancouver, British Columbia--(Newsfile Corp. - June 23, 2021) - Golden Pursuit Resources Ltd. (TSXV: GDP) (the \"Company\") has filed on the company's website (www.goldpursuit.ca) a Canadian National instrument 43-101 (NI 43-101) Technical Report for the South Gordon Lake property, located in the Northwest Territories, Canada. The author of the report is Gary Vivian, M.Sc., P.Geol. and Chairman of Aurora Geosciences Ltd. The property comprises eight historical occurrences of high-grade gold in quartz veins and mineralized quartz breccia zones. The current mineral tenure has two historical mining leases, fourteen territorial and thirteen federal claims. The South Gordon Lake property (SGLP) lies 80 kilometres north-northeast of Yellowknife with GDP owning 100% of these properties with a 1% NSR owed only on the 2 mineral leases that were optioned in 1996. The total land package is presently 5,909.87 hectares.There are eight occurrences covered under the current property ownership, of which five would be considered historical minor producers. The five minor producers are Burnt Island, Camlaren, DAF, Myrt Lake and Kidney Pond. Kidney Pond has a well documented history through the 1980's when the most significant amount of work was completed. There have been seven types of quartz veins and five types of quartz-breccia zones identified at the South Gordon Lake property. These occurrences and the historical information will be used to design an exploration program to evaluate the potential for mineralization in Archean turbidite stratigraphy. Turbidite hosted deposits have gained much attention recently from developments by Newfound Gold's Queensway Project and Kirkland Lake's Fosterville Mine in Australia which are turbidite hosted mineralization which may well be analogous to Gordon Lake.Much work has been completed on the SGLP with advanced underground operations occurring on many of the properties which are described in detail in this submitted report. The initial discoveries of high- grade gold veins in the South Gordon Lake area were based upon the discovery of gold in the Yellowknife area. Prospectors continued to work their way northward from Yellowknife along the Cameron River traversing their way to the Gordon Lake area. There are a number of prom...