Melema West Property Overview Atikokan, Ontario
Property Summary ➢ Property hosted within the Wabigoon Subprovince increasingly recognized for its metal endowment (Hammond Reef, Cameron Lake, Rainy River) ➢ Property located north of the Quetico Fault and hosts a northeast trending second order structure called the Minto Shear Zone. This is a similar trending structure that hosts 4.5 million ounces of gold in the Agnico Eagle Hammond Reef Deposit ➢ A recent discovery (2019) by Ontario government geologists of office archives document two diamond drill holes in 1962 that signify a previously unknown gold- bearing northeast trending structure named the Young-Corrigan Shear Zone. This deformation zone is sub-parallel to the Minto Shear Zone also within the Melema West claim group ➢ No assays were recorded with the drill logs but they describe ‘100’s of feet of sheared porphyry with quartz stringers and disseminated pyrite, pyrrhotite, chalcopyrite, galena and green ‘mica’. ➢ Excellent location, infrastructure and access
Regional Location Red Lake Melema West Property North Bay Ottawa Kenora Thunder Bay Toronto
Northwestern Ontario Precious Metals ➢ The Melema West Property is situated within the Wabigoon Subprovince which been recently recognized for its metal endowment hosting deposits such as Hammond Reef (Agnico Eagle), Cameron Lake (First Mining) and Rainy River (New Gold). Melma West Property Wabigoon Subprovince Precious Metal Occurrences of Ontario 0 125 250 Thunder Bay km
Local Location and Access N Melema West Property 856 ha. Atikokan Sapawe-Upsala Road Sapawe West Property 1,147 ha. 5 10 0 km ➢ Excellent road access and nearby infrastructure
Recent Area Staking and Claim Fabric Extensive recent staking by Agnico-Eagle Mines signifies the merit of N these northeast trending gold bearing Agnico Eagle Agnico Eagle structures. April 2020 Hammond Reef Agnico Eagle June 2020 Melema West Property May 2020 Sapawe West Property May 2020 Staked Claims 0 3.5 7 Patented km
Regional Geology, Current and Historic Deposits Lithology Legend Hammond Reef Deposit Massive granite to granodiorite 5M oz. Au, all categories N Muscovite-bearing granitic rocks Foliated tonalitic suite Gneissic tonalitic suite Marmion Pluton Mafic and ultra-mafic rocks Metasedimentary rocks Felsic to intermediate volcanic rocks Mafic to intermediate volcanic rocks Mafic to ultra-mafic volcanic rocks Melema West Felsic to intermediate volcanic rocks Property Mafic to ultra-mafic rocks The Melema West Property is hosted along Mineral Deposits the Minto Shear Zone, a Fault/Deformation Zone second order structure off the Quetico Fault Sapawe West Property Atikokan 8 4 0 km
Melema West Property Mineral Occurrences Gold Occurrenc e 1.3 gpt Au, N 3.4 gpt Au, Past Producer 0.932 gpt Au N Melema West Traxxin Resources 2017 Samples Property 5.84 gpt Au, 1.48 gpt Au, Young-Corrigan Drilling 1962 1.27 gpt Au, 2 drill holes not in assessment files. Drill logs describe 100’s of feet of highly sheared porphyry with quartz stringers, py, cpy, gn and green mica. No assays have been located. Sampling by Government geologists up to 0.322 gpt Au. Sampling by Traxxin Resources staff of 10 gpt Au and 0.879 gpt Au 8.5m wide shear hosted quartz vein 1996 grabs of 3.65 gpt Au and 6.33 gpt Au 1 2 0 km Minto Mine (no production records) ➢ The ‘lost’ drill logs from the Young -Corrigan work add a prominent undocumented northeast trending gold-bearing structure through the Melema West Property
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