Eldorado
ELDORADO SHAW
Early Stage Exploration – Gold and Base Metals (VMS style mineralization, komatiite-hosted nickel)
- 100% Owned
- Majority of the project is untested
- 59.8 line kilometre ground magnetic field survey completed (2008)
- 911.5 line kilometre VTEM survey completed (2009, 2010)
- 6 hole, 910 metres drill program completed (2011)
Overview
The property is located ~20 km southeast of the city of Timmins. The property has potential for komatiite-hosted nickel, VMS style mineralization and mesothermal gold mineralization. The property consists of forty one claims totaling 384 claim units (61.44 km2) in Carmen, Eldorado, Langmuir, and Shaw Townships within the Porcupine Mining Division. The property adjoins Liberty Mines Inc. and is approximately 2 kilometres north of Liberty’s Redstone Mine.
The Eldorado property can be accessed via the Langmuir Road south from South Porcupine, a distance (by road) of approximately 16 km. Several secondary roads and partially overgrown roads provide access to the bulk of the property. The property is 20 km southeast of Timmins, a small mining-friendly city with a long mining history and home to personnel with the skills to work in the mining industry.
Water and power are abundant in the region and the property contains trails/roads which could be upgraded to all-weather status if necessary. Suitable locations for constructing mineral processing facilities are abundant on the property.
The property is dominated by a swampy forest (mostly cedar and spruce). The topography is relatively flat with variable overburden (up to 25 m thick). Elevation varies from approximately 280 to 330 m Above Sea Level. Outcrop density is low.
Geology
Timmins is one of nine major volcanic centers of the Abitibi greenstone belt defined by Goodwin and Ridler (1970). The structural complexity and poor exposure of the Timmins district have made comprehensive stratigraphic syntheses difficult. Instead, the district has been divided into a number of "tectonic assemblages" (Jackson and Fyon, 1992), which are constantly being revised. These divisions are made on the basis of similarities in stratigraphy, lithochemistry, age dates and aeromagnetic and airborne EM signatures.
The Eldorado property occurs within the Shaw Dome, a southeast-trending anticline with a shallow southeast plunge (Houlé and Hall, 2007). The dome is dominated by the Deloro and stratigraphically higher Tisdale assemblages, with lesser amounts of the sedimentary Porcupine and Timiskaming assemblages. The Deloro assemblage contains intermediate volcanic rocks and iron formation, trending upward to felsic fragmental volcanics. The lower part of the Tisdale assemblage contains felsic volcaniclastic rocks interlayered with ultramafic volcanics, whereas the upper parts consist of intermixed mafic and ultramafic volcanics. Ultramafic intrusions of Tisdale age occur within the Deloro assemblage. Several nickel deposits are known, associated with the ultramafic volcanics of the Tisdale assemblage. These include Redstone, McWatters and the Hart deposit, all at or near the production stage (www.libertymines.com). These deposits are immediately south of the Eldorado property. The Deloro/Tisdale assemblages also have the potential to host gold or VMS deposits, but nickel is Melkior's primary target on the Eldorado Shaw property.
Geological maps by the Ontario Geological Survey show that the Eldorado Shaw property straddles the contact between the Deloro and Tisdale assemblages. The property is mostly underlain by predominantly mafic volcanic rocks of the Deloro assemblage, overlain to the south by felsic to intermediate volcanics of the Tisdale assemblage. An ultramafic intrusion occurs in the western part of the property, and the southeastern portion contains Archean tonalite. Several northeast-trending diabase dikes cross-cut the property. Geological mapping highlights the paucity of outcrops.
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January 13, 2011 - Melkior drills at Eldorado in Timmins
March 2, 2010 - Ground work starts in preparation for drilling Eldorado