A STRING OF ADVANCED GOLD EXPLORATION PROPERTIES IN NORTHERN SASKATCHEWAN
OUR INITIAL TARGET IS TO DEVELOP A MILLION OUNCES GOLD RESOURCE
MAS Gold Corp. - TXSV-MAS - is focused on exploration projects in Saskatchewan along the La Ronge Greenstone Belt.
These road accessible projects are located approximately 60 km west of producing Seabee and Santoy gold mines operated by SSR Mining Inc.
In the belt, MAS Gold Corp. operates the Greywacke and Preview North Properties that include North Lake and Point advanced gold projects, each hosting drill-intercepted zones of gold mineralization.
With addition of the Elizabeth Lake VMS deposit and Henry Lake , MAS has a 100% ownership of four properties totaling 33, 843 hectares (83, 628 acres) along geologically prospective sections of La Ronge, Kisseynew and Glennie Domains of the La Ronge Gold Belt.
The Greywacke North deposit, which hosts several known stratabound, high-grade gold-bearing zones, has 255,500 tonnes at 9.92 g/t Au (cut-off grade of 5 grams gold/tonne) plus an Inferred Mineral Resource of 59,130 tonnes at 7.42 g/t Au (NI 43-101 Technical Report, June 1, 2016).
The North Lake deposit located at Preview North Property is estimated to contain an Inferred Mineral Resource of 14,110,000 t grading 0.92 g/t Au, hence 417,000 contained ounces of gold. (NI 43-101 Technical Report, April 10, 2020)
MAS Gold has recently completed a more intensive phase of work directed towards establishing the resource base for it “hub and spoke” mining model for its Preview-North and Greywacke projects.
On top of that, MAS has recently entered into an agreement with the government of Saskatchewan to acquire a 100% interest in approximately 463 hectares, including the former producing Contact Lake Gold Mine operated from 1994 to 1997.
The Contact Lake Property is located approximately 57 kilometres north of the town of La Ronge on Provincial Highway 102 and 6 kilometres east of the highway (see Figure 1). Upon completion of the transaction, MAS Gold will hold mineral rights to roughly 34,306 hectares (84,771 acres) spread along the full trend of the La Ronge Gold Belt.
Current Key Projects
MAS Gold has recently completed a more intensive phase of work directed towards establishing the resource base for it “hub and spoke” mining model for its Preview-North and Greywacke projects that included:
Drilling on the Greywacke property
Objective: Upgrading the resource classifications and extending the resource to depth at Greywacke North, and exploration on the Lyons and Greywacke south zones
READ ABOUT THE LATEST DRILL RESULTS HERE
Drilling on the Preview North property
North Lake drilling
Objective: Upgrading the resource classification and testing resource extension to depth and to north
READ ABOUT THE LATEST DRILL RESULTS HERE
Point Deposit and Joe Prospect drilling and exploration work
Objective: Further definition drilling and surface geological mapping on the Point deposit and Joe prospect on the Preview North Property
EXISTING GOLD RESOURCE MODELS ON TWO DEPOSITS
The results of the 2021 winter drill program at both of the deposits highlighted below are anticipated to be incorporated into existing resource models in the fall 2021.
Available on SEDAR:
*Technical Report and Resource Update, Greywacke Lake Project, Saskatchewan, Canada; June 1, 2016: Hrdy, Puritch & Yakimchuk
* Technical Report on the 2020 Minerals Resource Estimate, North Lake Project, La Ronge Gold Belt, Saskatchewan, Canada; April 10, 2020, Godden, Thomas & Tupper
HUB AND SPOKE MINING CONCEPT
MAS Gold’s current vision is to pursue a hub and spoke mining and processing business model.
The concept is based on the idea that the mineralized material from various satellite deposits would be co-mingled at a centrally located facility, (most likely positioned around North Lake) creating an opportunity for an efficient operation.
The highly positive preliminary metallurgy testing outcomes have been supportive of the concept.
( ___ 100% ownership …… aspirational targets)
CURRENT EXPLORATION ACTIVITIES
On August 12, 2021 MAS Gold Corp. has successfully initiated its summer drill program designed to continue testing the down dip extension of the North Lake deposit. In addition, geological and soil geochemical surveys are ongoing on areas of known occurrences on the Preview-North and Henry Lake Properties with the objective of identifying new drill targets. The current North Lake drill program is a continuation of the successful winter 2021 drilling work . READ MORE
LATEST NEWS
October 13, 2021 - MAS Gold Announces Completion of Early Warrant Exercise Incentive Program for Proceeds in Excess of $2.5 Million
September 13, 2021 - MAS Gold to Acquire a 100% Interest in the Former Producing Contact Lake Gold Mine - La Ronge Gold Belt, Saskatchewan.
August 30, 2021 - MAS Gold Closes Fully Subscribed Private Placement
August 17, 2021 - MAS Gold Announces Conditional Acceptance of Early Warrant Exercise Incentive Program and Adds 2017 Warrants
August 12, 2021 - MAS Gold Corp. Announces Commencement of Summer Drill Program and Other Exploration Activities on La Ronge Gold Belt Properties, Saskatchewan
July 22, 2021 - MAS Gold Announces Private Placement Financing to advance its Flagship Gold Properties in La Ronge Greenstone Belt area of Saskatchewan and Intention to Conduct Early Warrant Exercise Incentive Program
June 17, 2021 - MAS Gold Provides Final North Lake Drill Results
May 12, 2021 - Results From North Lake Hole NL21-055, Includes: 70.0 metre interval of 1.106 grams Gold/tonne
May 10, 2021 - 2021 North Lake Drilling Continues to Produce Wide Zones of Gold Mineralization
May 6, 2021- MAS GOLD Extends Mineralization at its 100% Owned Greywacke Property
May 3, 2021 - MAS Initiates Preliminary Economic Assessment Study on Greywacke North and North Lake Projects.
April 21, 2021 - MAS Gold’s Chairman, Ron Netolitzky, comments on the Recent Positive Resolution of its JV Partnership Dispute and Ongoing Plans at MAS Gold’s 100% Owned La Ronge Gold Properties, Saskatchewan
April 16, 2021 - MAS Gold Confirmed as 100% Owner of the Greywacke and Preview North Properties
April 6, 2021 - MAS Gold Initiating Work Program at Elizabeth Lake Copper VMS Property Glennie Domain, La Ronge, Saskatchewan
"I consider the La Ronge gold belt and a lot of Saskatchewan to be very prospective" said Netolitzky. "The section, in which we are working with MAS Gold, is part of the Lower Proterozoic Trans Hudsonian Orogeny, specifically domains of island arc and sedimentary basin rocks that have been folded and re-folded, faulted and highly metamorphosed."
"What is most interesting, they resemble the kind of setting that we see in West Africa, where the Lower Proterozoic belts are considered very prospective for gold."
Excerpt from the article about Ron Netolitzky from February/March 2020 issue of the Resource World Magazine
TRANS HUDSONIAN OROGENY
SASKATCHEWAN - RATED AS NUMBER ONE PROVINCE IN THE WORLD FOR MINING INVESTMENT
Jim Engdahl, CEO of MAS Gold Corp. (TSXV: MAS), explains why the up-and-coming resource province of Saskatchewan presents a great opportunity for investors and for the company and their portfolio of advanced gold properties in La Range Gold Belt
Our initial goal is to develop over a million ounces of gold resource, by consolidating resources of our portfolio properties located in a geologically potent La Ronge Gold Belt, Saskatchewan, Canada.
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EXISTING INFRASTRUCTURE
The properties have been selected strategically to be located near existing road and other infrastructure for cost efficiency.
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SASKATCHEWAN - WORLD'S TOP MINING JURISDICTION
The province of Saskatchewan offers mining friendly jurisdiction and the local community is supportive of our activities. Read more HERE
BUSINESS PLAN
GREYWACKE PROJECT
Potential standalone underground mining operation. A low cost processing facility envisioned to be located on site.
Positive preliminary metallurgical tests support the concept of efficient gravity recovery plans.
PREVIEW NORTH PROPERTY
Potential open pit mine at North Lake area.
Preview North area envisions a centralized processing plant where the ore of various grades from the nearby satellite deposits would be commingled for cost effective processing.
Positive preliminary metallurgical tests support the concept of efficient flotation recovery plans.
David Tupper - VP of Exploration - Presentation on Lithological and structural controls for gold mineralization at the North Lake and Greywacke North gold deposits - Geologic Open House, Saskatchewan, December 2019