The Stony Lake project covers approximately 27 km of strike length of upper Silurian age sandstones-siltstones. Six large exploration targets have been identified. These areas exhibit a combination of some or all of the following;
lower-grade (<4 g Au/t) auriferous alteration zones (argillic and silicification)
linear quartz-rich zones with gold concentration ranging from highly anomalous to gold values up to 15.1 g Au/t.
mineralization hosted in quartz veins, stockworks and quartz breccia exhibiting crustiform, cockscomb, chalcedonic banding
low levels (total sulfide is generally <2-3%) of fine-grained disseminated pyrite, arsenopyrite and sulfosalts; ginguro-style banding occurs at several localities with highly anomalous Au, Ag & Sb values
Soil, till and lake sediment sampling has identified multiple, coincident large gold geochemical anomalies
Elongated silica-rich structures that exhibit an apparent direct spatial relation to linear magnetic signatures.
The recent announcement by Sokoman, has drawn considerable attention to the gold potential of this area of Newfoundland. It is important to note that the area covered by Stony Lake has yet to have undergone a thorough geological evaluation as a gold environment despite the numerous gold showings and highly anomalous gold geochemical results within and adjacent to the Project area.
Historical exploration includes: preliminary regional geochemical sampling, limited prospecting, no diamond drilling except for a small area on the Flyers grid area of the property and partial airborne geophysical coverage. The coincident geochemical anomalies and anomalous to high gold concentrations in rock samples from the six separate zones identified to date attest to the quality of this underexplored and highly prospective Project. The results to date indicate a very high potential for a significant new gold discovery in an area with well-developed infrastructure in a mining friendly region.
The Stony Lake Property is located within an important regional structural zone striking through Southwest, Central and Northeast Newfoundland. This structural zone controls the distribution of gold mineralization in this part of Newfoundland and hosts Benton Res.-Matador Res. Cape Ray gold deposits, Quadro Resources Staghorn gold zones, Marathon’s Valentine Lake gold camp, Antler Gold’s recently discovered high-grade gold zones, the Twilight gold zone, the new SIC Moosehead discovery and very likely Stony Lake’s gold showings.