CSE : GXP | FRA : HW3 | OTC : GXPLF

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CSE : GXP | FRA : HW3 | OTC : GXPLF

CSE : GXP | FRA : HW3 | OTC : GXPLF

CSE : GXP | FRA : HW3 | OTC : GXPLF

Gold

Alligator Lake

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INTRODUCTION

Alligator Lake Gold

Alligator Lake Location Map

OWNERSHIP : Greenridge has the Option to earn up to 80% from a private vendor that has held the property since 1985. 

SIZE : 5 claims totaling ~2,973 ha.

LOCATION: 165km northeast of La Ronge, Saskatchewan near the community of Brabant Lake. Accessible from Provincial Highway 102, and an established winter trail suitable for mobilizing exploration equipment and supplies.

Regional Significance

  • Found within Saskatchewan’s primary La Ronge Gold Belt. Since the 1980s significant nearby gold deposits, including Komis, Waddy Lake and Weedy Lake were delineated by various operators. Komis was mined between 1996-97. Exploration later declined for many years with weak gold prices into the early 2000s.

  • Application of contemporary metallogenic models and exploration methods suggest further regional success.
Alligator Lake Location Map
Alligator Lake Geology Map

Alligator Lake Gold

Highlights of the 2022 Drilling Program

Alligator Lake Geology Map
  • Drill hole AL22-01 successfully expanded the multiple zones of gold mineralization encountered 36 metres to the southeast in 2021 drill hole AL21-05 (see map below). Two distinct zones of gold mineralization were intersected. In the upper part of the drill hole, a broad zone of gold mineralization occurs from 36.68 to 57.00 metres, associated with quartz veins in metasediments, returned 1.01 grams/tonne (“g/t”) gold over 20.32 metres, including 4.79 g/t gold over 1.50 metres.

  • A second zone of mineralization in AL22-01 returned 2.57 g/t gold over 6.55 metres from 96.00 to 102.55 metres, and is associated with quartz veining in a faulted granodiorite intrusion.  Visible gold was noted in a quartz vein within the granodiorite, which included a sample from 99.25 to 99.75 metres that returned 28.4 g/t gold over 0.50 metres.

  • Drill hole AL22-05, collared approximately 600 metres east-northeast of AL22-01, targeted a magnetic high trend that appears to be associated with gold mineralization in holes AL22-01 and AL21-05 (16.80 g/t over 0.69 metres), and a historical resistivity survey chargeability high.  AL22-05 returned 0.26 g/t gold over 22.76 metres, including 1.73 g/t gold over 2.0 metres.

    1    All mineralized intersections described are shown as measured drill core lengths – true widths of mineralized zones are not yet determined.

    AL22-01 and AL22-02 targeted gold mineralization intersected in the 2021 drill hole AL21-05 along the BHSZ.

1. U3O8 values are conversions from uranium-partial laboratory results in ppm multiplied by 1.179
Alligator Lake 2021 Drilling Results Greater than 1.0 g/t Gold

1All mineralized intersections described are shown as measured drill core lengths – true widths of mineralized zones are not yet determined.

Alligator Lake Gold

Exploration Summary

  • A 2020 mapping and sampling program collected fifteen rock samples from historical bedrock showings. An outcrop grab sample taken by at the Broken Hammer Showing returned 504.0 g/t Au and 46.2 g/t Ag by fire assay. A follow-up total metallic gold assay returned 547.0 g/t gold (17.50 oz/ton). Four other samples returned high grade gold values between 2.71 g/t Au and 22.8 g/t Au, while the remaining samples all returned anomalous gold values.

  • A 2021 Phase 1 drill program comprising six holes totaling 617.6m focused on the Broken Hammer Shear Zone. Drilling confirmed quartz veining with associated sulphides and variable gold mineralization at shallow depths in every hole. Visible gold was observed in two drill holes.

 

Alligator Lake 2021 Drilling Results Greater than 1.0 g/t Gold

1All mineralized intersections described are shown as measured drill core lengths – true widths of mineralized zones are not yet determined.

National Instrument 43-101 Disclosure

The technical information on this web page has been reviewed and approved by Sierd Eriks, P.Geo. (Retired), who is a Qualified Persons in accordance with the Canadian regulatory requirements set out in NI 43-101. Readers are cautioned that some of the technical information described on this web page is historical in nature; however, the historical information is deemed credible and was produced by professional geologists/geoscientists in the years discussed.

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CSE : GXP | FRA : HW3 | OTC : GXPLF

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CSE : GXP
FRA : HW3
OTC : GXPLF

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