ABITIBI

SKYFALL

Location 150km east of Quevillon and 75km south of Chapais in Quebec
Size 219 claims, 12,346 hectares
Ownership 100% Hinterland
Work to date Compilation
Target Shear hosted vein gold
2018 Work; Budget Airborne survey, prospecting and sampling; $200,000

Regional Compilation

Infrastructure

Geophysics

Geology

Details

Hinterland holds a 100% interest in the 219-claim (12,346-hectare) Skyfall property located in the Urban-Barry Greenstone belt approximately 150km east of Quevillon and 75km south of Chapais in the Abitibi region of Quebec. The area is within the Eeyou Istchee James Bay administrative district. The Skyfall property is directly adjacent to Osisko Mining Inc.’s Urban-Barry property and is likewise underlain by a series of northeast-trending, southeast-dipping, tholeiitic volcanic rocks. The volcanic stratigraphy is intersected by numerous faults, either sub-parallel to the stratigraphy or northeast-trending at a high angle to the stratigraphy. The volcanic rocks are in places intruded by syn-volcanic to late (post mineralization) intrusions.

Osisko’s Windfall project is the most advanced project in the Urban-Barry Greenstone Belt. Osisko recently released its initial NI 43-101 mineral resource estimate for the Windfall gold deposit (Osisko Mining Inc. Press Release, May 15, 2018) which includes within the resource area 1,453 drill holes (596,733 metres) completed by previous operators on the project since 1997 and 812 new drill holes (413,692 metres) completed by Osisko from October 2015 to March 5, 2018. Drilling is ongoing at the Windfall Gold deposit with 40,000 metres completed in 131 drill holes since March 5, 2018. The Windfall Deposit Mineral Resources at a 3.0gpt Au cut-off grade includes:

  • Indicated 2.382,000 Mt @ 7.85gpt Au (601,000 oz. Au); and
  • Inferred 10.605,000 Mt @ 6.70 g/t Au (2,284,000 oz. Au).

Bonterra Resources Inc. is the second most active company in the Belt with 60,000 metres of drilling completed in 2017 and 70,000 metres of drilling planned for 2018 as part of its deposit extension and resource expansion program at the Gladiator gold deposit. Bonterra is advancing the Gladiator deposit towards an updated NI 43-101 mineral resource estimate in the second half of 2018. (Bonterra Resources Inc. Press Release dated May 23, 2018).

The Skyfall claims, located approximately 40km due east of the Windfall and Gladiator deposits, have seen limited previous exploration work with only one documented drill hole. This is primarily due to an earlier lack of access into this part of the Urban-Barry Greenstone Belt. In the last five years however, the network of logging roads from Chapais have been extended south providing excellent access onto the Skyfall claims. The property requires an airborne magnetic and electromagnetic survey to generate targets for prospecting and sampling.

Next Steps

Hinterland is seeking joint venture or equity financing to fund exploration on the Skyfall property. The proposed program includes an airborne geophysical survey followed by surface mapping, prospecting and sampling at an estimated cost of $200,000.