ONTARIO – Gold Canyon Resources of Vancouver has reached agreement on a negotiation protocol with local First Nations in relation to the company’s Springpole gold project 110 km northeast of Red Lake. The Cat Lake First Nation, the Lac Seul First Nation, and the Slate Falls Nation have signed the pact that delineates a framework to negotiate an exploration agreement for the property.
Gold Canyon describes the Springpole project thusly: “Springpole is an alkaline intrusion hosting a gold system that represents a potentially new style of Canadian Archean Shield gold deposit. The Portage zone is hosted by a trachytic porphyry intrusion displaying polyphase autolithic breccias that host gold mineralization. Other zones, including the East Extension and Main, consist of high grade veins and pods hosted in diatreme breccias composed of intrusive and country rock fragments. These breccias surround the northwest and northern margins of the Portage zone. The known mineralized zones underlie a total known area of about 4 km2 representing only about 15% of the greater alkaline intrusive complex which remains yet to be explored.”
The company has posted the Springpole technical reports and other information at GoldCanyon.ca.