Committee Bay Resources, a member of the Northair Group, hopes to find a joint venture partner for its Committee Bay gold project. The area of interest is located in a greenstone belt in central Nunavut. The Committee Bay Greenstone is an extension of the same formations underlying Cumberland's Meadowbank deposits. Little is known of the economic geology of the Melville Peninsula, particularly its gold and Ni-PGE potential. The Government of Nunavut has placed a high priority on finding out. The Geological Survey of Canada and its partners began working on a geoscience database and maps of the area in 2000.
John Williamson founded Committee Bay Resources and began exploring the region 10 years ago. Only last July did the company go public. Williamson's work led to the discovery of over 40 gold occurrences with grades up to 1,800 g/t Au. Gold exists within several lithologies including iron formation, mafic and felsic volcanic rocks, and greywacke. The gold mineralization is related to large scale regional shear zones. The results to date are based on chip and grab sampling, and now drilling is needed to advance the project. Therefore, Committee Bay is seeking a partner for a program to begin in 2003.
For a company wanting to get in on the ground floor of what could some day be a successful gold producing region, this might be the opportunity. A technical report on Committee Bay's property is available at www.committeebay.com or contact Jim Paterson at the Northair Group, 604-331-2264 or jim@northair.com
Comments