Red Mountain Mining’s (ASX: RMX) recently completed detailed desktop review of historical exploration at Flicka Lake in Canada has identified three gold bearing parallel quartz veins.
Part of the company’s 100%-owned Fry Lake Gold Project, the veins are validated by Troon Ventures using channel and grab samples taken from mineralised quartz zones exposed in trenches.
While gold mineralisation has shown to be historically reported in the area, reportable validation sampling was completed in 2002 and 2006. Previous exploration targeted the Flicka Lake area based on the proximity to the Golden Patricia Mine located 25 km to the Northeast, where a shear hosted quartz vein averaging less than 40cm in width had been mined.
The Flicka Lake claims lie within the Meen-Dempster Greenstone Belt and is one of four recently acquired claim packages considered prospective for gold.
The four 100% RMX owned properties, named Flicka Lake, Fry Lake Stock, Fry-McVean Shear and Relyea Porphyry or collectively the Fry Lake Projects, hold potential to host gold lode mineralisation based on targeting and the known deposits in the broader area. The Fry Lake Projects are located in the Uchi region, a prolific mineral belt which has produced 32Moz Au to date.
RMX has completed a maiden sampling program at Flicka Lake, with results expected shortly for 283 soil and 91 rock chip samples over its Flicka Lake claims which included due diligence sampling at the Flicka Lake gold bearing quartz veins as well comprehensive sampling over the claim area’s structural and geophysical targets.
The review has identified additional key target zones for anomalous copper towards the Northern portion of Flicka Lake.
The Lab analysis, of which results are due to be received shortly, includes a gold and base metals suite also attempting to define areas for copper mineralisation.