At the shotgun start of electronic mapstaking in Ontario, Conquest Resources wasted no time in expanding its land position by “more than 500 per cent” in looking for gold near Sudbury.
The Toronto exploration outfit picked up 3,200 hectares near the former Golden Rose Mine, 65 kilometres northeast of the city, at the opening of the online Ontario Mining Lands Administration System on April 10.
With the click of the mouse, the Toronto gold explorer boasts it now controls 3,980 hectares in six exploration blocks around Emerald Lake.
It covers the extensions of a banded iron formation with high-grade quartz veins that the company believes is favourable geology to find gold.
Since Conquest picked up the old mine property last December, the company has been busy with a winter and spring exploration program.
An airborne geophysical survey was flown over the original 770-hectare property in March, the results of which will be released shortly.
They’ve also been relogging historical drill core from about 450 holes in preparation for a summer drill program around the mine and surrounding area.
The Golden Rose Mine operated intermittently between 1915 and 1988, producing 52,000 ounces.
“We have learned a great deal about the geology and mineralization at the Golden Rose mine site and feel that there is excellent potential across the whole of the belt for gold mineralization,” said company president Benjamin Batson in an April 18 statement.
“The addition of the new claim blocks enhances that opportunity. Conquest’s technical team is excited to get boots on the ground as soon as the snow has melted and we look forward to updating our shareholders through our website and media channels on our progress as the spring exploration season unfolds.”
The former mine contains more than six kilometres of underground workings, a 228-metre-deep shaft, and a decline ramp.
Conquest has two other gold exploration projects in Northern Ontario with its Alexander property, east of Goldcorp’s Red Lake complex, and its Smith Lake property, a bunch of patented and staked claims arrayed around the former Renabie Gold Mine near Wawa.
