International Montoro Resources Inc (CVE:IMT) (OTCPINK:IMTFF) has received a preliminary report for the airborne geophysical surveys covering its Blackfly Gold Project in the Atikokan gold camp in northwestern Ontario.
In a statement Wednesday, International Montoro said that ProspectAir of Québec completed the surveys -- which consisted of high-resolution airborne magnetics and time-domain electromagnetic data collection over 203 line-kilometers (km) at 100 meters (m) spacing.
International Montoro said TerraX Minerals Inc reported in 2012 that the geology of the property comprised bands or lenses of mafic volcanic units within intrusive tonalite and diorite. The mafic rocks were noted as being modestly-to-highly magnetic with approximate northeastward strikes.
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The company said that the principal gold occurrences, including the zones where the Blackfly shaft occurs, are associated with a dominant magnetic high cutting through the central part of the property.
In addition, International Montoro noted that ProspectAir stated that the gold occurrences are associated with a strong V-folded magnetic feature in the middle of the property. The company believes that it can target new gold mineralization along the magnetic feature that contains the Blackfly Main, northeast and southwest gold zones over its 5 km length.
The company said final maps and report for the Blackfly Gold Property are expected to be received during January 2021.
The Blackfly Gold Project is located along the Marmion Fault Zone and consists of 64 unpatented mining claims totaling 1,296 hectares of land, 13.6 km southwest along strike of Agnico Eagle's Hammond Reef Gold Deposit. Open-pit Measured & Indicated mineral resources at the Agnico Eagle project are estimated at 208 million tonnes grading 0.67 grams per ton (g/t) gold containing 4.5 million ounces of gold.
The Blackfly Gold Property contains a similar suite of volcanic and granitic rocks to the Hammond Reef, mapped as the margin of the Marmion Batholith of the south-central Wabigoon geological subprovince. The dominant structure, the Marmion fault zone runs through the property to the northeast to Agnico Eagle's ground.
The Blackfly claims are situated west of, and directly tied-on to, Falcon Gold Corp's Central Canada expansion ground. Falcon is currently running an active drill program and has recently announced outstanding drill intercepts including 10.17 g/t gold over 3m within a non-compliant "historic" zone reportedly hosting 230,000 ounces at 9.9 g/t gold.
Contact the author: patrick@proactiveinvestors.com
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