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
Drilling on the Preview North property
North Lake drilling
Objective: Upgrading the resource classification and testing resource extension to depth and to north
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.
HUB AND SPOKE MINING CONCEPT
MAS Gold’s current vision is to pursue a hub and spoke mining and processing business model.
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
"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.
The properties have been selected strategically to be located near existing road and other infrastructure for cost efficiency.
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