The Jumping Moose Property is located in Burrows and Kemp townships, in the Larder Lake Mining Division of northeastern Ontario. The Jumping Moose Property is located 25 km north of the village of Shining Tree, 75 km south of Timmins and 105 km southwest of Kirkland Lake. The Jumping Moose Property consists of 145 cell claims with an area of approximately 2658 ha and is 7.8 km x 3.8 km in size.
Historical work on the property identified a cluster of large angular and high grade Au-Ag-Te bearing quartz veins boulders on the east side of Jumping Moose Lake in the 1950’s. Glacial geology work by the Ontario Geological Survey indicates that the up-ice source of these boulders is to the north (MENDM map M2653, 2001).
Historical shallow drilling to identify the subcropping source of these boulders has intercepted elevated gold in bedrock. Drill hole BA-87-4 drilled by Argentex Minerals in 1987 intersected 1.1 m grading 6.96 g/t Au (MENDM assessment report 41P14SW0060). In 2012, drilling by Abalor Minerals Inc. intersected 4.76 g/t Au over 0.50 m in drill hole JM-12-11 in quartz veinlets in sheared volcanics with 5% pyrite (MENDM assessment report 2.56341, 2015).
In the fall of 2017, IAMGOLD excavated two trenches in the vicinity of an anomalous IP chargeability response. In the spring of 2018, IAMGOLD completed channel sampling of folded quartz veins in sheared gabbro which resulted in 5.50 g/t Au over 3.30 m including 22.8 g/t Au over 0.65 m on Trench #1 (IAMGOLD assessment report dated Aug. 19, 2019). They also found anomalous gold within a sulfide rich banded iron formation with up to 0.578 g/t Au over 0.38 m (IAMGOLD assessment report dated Aug. 19, 2019).
Trench #1 channel sampling assay highlights from sheared gabbro with quartz veining (IAMGOLD assessment report dated Aug. 19, 2019):
- 5.50 g/t Au over 3.30 m, including 22.8 g/t Au over 0.65 m
- 11.462 g/t Au over 0.50 m
- 5.67 g/t Au over 0.48 m
- 5.17 g/t Au over 0.80 m
In 2018, IAMGOLD followed up the channel sampling up with 6 drill holes totalling 1,122 m. Drilling to test Trench #1 at depth resulted in drill hole JM-18-001 with 2.02 g/t Au over 1.0 m and JM-18-004 with 2.30 g/t Au over 0.90 m (IAMGOLD assessment report dated Sept. 2019). Both intervals are in mafic volcanic rock with up to 10% quartz + carbonate + pyrite veins.
* Please note that Grab samples are selective samples and are not necessarily representative of the mineralization hosted on the property.