In August 2020 Noront will begin regional gold exploration in the ROF with soil sampling over known structures prospective for gold. Anomalous to high-grade gold mineralization in the Ring of Fire has previously been discovered by Noront in over 50 diamond drill holes along the Triple-J fault zone, as well as within the Thunderbird intrusion 13 km northeast of Esker. These gold occurrences lie in close proximity to a regional structure known as the Webequie Shear Zone (WSZ) believed to be prospective for greenstone hosted gold mineralization but which has never been explored for gold (Figure 1). An area roughly 10km long by 5km wide along the WSZ will be soil sampled this August (WSZ-1 soil grid) in an effort to detect areas of anomalous gold indicative of a bedrock source.
Soil sampling will also be performed across a secondary structure bisecting the Thunderbird ferrogabbro intrusion (TBD-1 soil grid) where past drilling intersected auriferous quartz-sulfide veins cross-cutting magnetite-rich portions of the intrusion resulting in sulfidation of the magnetite to pyrrhotite-pyrite in a process similar to many BIF-hosted gold deposits worldwide.
In 2019 Noront compiled a number of early stage targets in the ROF believed to be prospective for nickel mineralization. From this work the Victory project, located 25km east of Esker site (figure 1), was identified as a highly ranked target and staked in early 2020. The target is thought to consist of a thick sequence of ultramafic sills and/or flows intruding a sulfidic volcano-sedimentary sequence known as the Victory assemblage. The target has never been drilled tested and has had limited geophysical surveying. Noront has commissioned Geotech to fly a 600 line-km VTEM-plus airborne EM (electromagnetic) survey over the Victory target in late August with the goal of identifying nickel-sulfide conductors.