Lamaque Property
Overview narrow (1m wide) 'Flat' within the Main Plug at the Lamaque Mine. Grade was quoted at approximately 4 ounces per ton. Since 2003 Kalahari has conducted several drilling campaigns on the 3,800-acre property. Infrastructure at the site is excellent with easy year-round, road-access to the property and the mining town of Val-d'Or. The close proximity to metallurgical facilities, water, and power, combined with easy road access will allow for reduced development and capital costs, should a future production decision be reached at the Lamaque Property. Another important advantage for the Lamaque Project is the existence of several milling facilities in the immediate Val d'Or area able to process ore on a custom-milling basis. Geologically the property is located in the prolific, gold-producing Abitibi Greenstone Belt, one km north of the "Cadillac Break" and immediately south of the Lamaque and Sigma mines. The Lamaque Project has an inferred mineral resource of 1,365,000 tons grading 0.186 opt gold (cut) or 0.275 opt gold (uncut) as audited and reclassified by Watts, Griffis & McOuat's NI 43-101 Technical Report, dated September 2004 (see Sedar October 20, 2004 for details of report). The summary table from that report is shown below in Table1. Three new zones of mineralization have been discovered: the Sixteen Zone on the west side of the project where 31 holes have been drilled; the Forestel Zone on the east side of the project where 12 holes have been drilled; and the Triangle Magnetic Anomaly in the south eastern corner of the property. All of these areas remain areas of interest and the Company intends to continue to explore and advance these prospects. To facilitate further exploration programs, Kalahari has compiled a database encompassing the results of both recent and historic exploration programs on the property. Don Cross, P. Eng. of Val-d' Or has worked as the Qualified Person responsible for exploration, data compilation and management on the Lamaque Property for the past several years. Number 10 Vein and Parallel Zone The No. 10 Zone has been categorized as an Inferred Mineral Resource of 216,000 tons grading 0.224 oz/ton (cut to 1 oz) and .0276 oz/ton (uncut) in a Watts Griffis & McOuat 43-101 report. The Parallel Zone was not calculated in the Watts Griffis report; however, historic data from a previous operator reports 98,000 tons at 0.386 oz Au/ton uncut and 0.234 oz Au/ton which is the reason the company initiated exploration in this area This historical resource in not 43-101 compliant and should not be relied upon for investing purposes. The No. 10 Zone and the Parallel Zones are in close proximity and could potentially be serviced from the same decline or shaft. Other important advantages are good road access and the availability of milling facilities in the immediate area that will process ore on a custom-milling basis. No. 4 Plug The No. 4 Plug is an advanced exploration target with a 43-101 Resource as shown in the Table 1 below. Effective exploration to advance the No.4 Plug Zone will require underground access and no work has been scheduled. Table 1: INFERRED MINERAL RESOURCES FOR KALAHARI'S LAMAQUE PROPERTY USING A 0.1 OZ Au/TON CUTOFF (AUDITED AND RECLASSIFIED BY WGM SEPT. 2004)
Forestel Zone The Forestel Zone is another area on the property which has seen significant exploration and drilling by past operators due to its proximity to the Sigma Mine. The Company conducted three holes on this zone (see press release dated Feb. 8, 2007). The three holes were designed as step out holes drilled to intersect mineralization intersected at depth. The best results from this drill program are shown below.
The Sixteen Zone The Sixteen Zone is a system of quartz/tourmaline/pyrite veins and associated alteration, within a steeply north-dipping, east-northeast-trending, feldspar porphyry granodiorite dyke. Correlation between vein intersections in adjoining holes has proven difficult and it is not known if the veins are tabular and laterally extensive or if they are more cylindrical. The veins vary in true width from less than an inch to several feet. It is possible that the veins and strongest alteration are concentrated in a pipe-like feature, the plunge of which is unknown, however, at this time, this is a subject of conjecture and the relatively unexplored length of the granodiorite dyke remains an important drilling target. Thirty nine holes (29,668 ft) were drilled in 2003/04 with only limited success. The results returned one hole showing 147 feet of 0.1 opt Au (see technical report on Sedar October 20, 2004 for details). However, the grades have not been duplicated by additional holes. The Company remains interested in advancing this showing further. Current Exploration In the spring of 2008 three previously untested induced polarization (IP) anomalies within the No. 10 Zone and the Parallel Zone were selected for a drill program. The program included 22,923.33 feet of NQ diamond drilling in 29 holes The 2008 drill results were published in their entirety in a press release dated November 21, 2008. The results show that the zone is cut off to the east, while there is potential to depth in a westerly strike direction. Twelve of the 29 holes intersected significant gold intersections with several holes intersecting numerous narrow but higher grade gold. The very best intersections are shown below. Significant Gold Intersections (uncut)
In 2008 the Company also conducted a MMI geochemical survey and an air borne geophysical VTEM survey on the property. Both of these surveys identified several promising anomalies and have generated 20 new targets on the property. Current Exploration Program The Company recently announced a 6000m diamond drill program for the all of 2009. The program will focus on are near the Triangle Magnetic Anomaly; a buried dioritic plug identified by geophysics where some drilling success has already occurred. The drilling will also focus on a number of other targets defined by geophysics and MMI (geochemistry) surveys. For a more detailed look at the geophysical program and the targets areas see our 'Current Exploration' page. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
