Maude Lake (Ramp Mine) - Gold Optioned
Beatty, Carr, Coulson, Wilkie Townships, Ontario (NTS 42A/09)
Updated July 2015
The Ramp Property is located in northeast Beatty, northeast Carr, southwest Coulson and southeast Wilkie Townships, Larder Lake Mining District, Ontario (NTS 42 A/9) and is approximately 12 km north northeast of the town of Matheson. The principal gold deposit is located in N.W. Beatty Township.
The Ramp Property consists of mining rights comprised of 66 unpatented mining claims (69,16 ha units), 14 patented mining claims (34,16 ha units), and 3 mining leases (9,16 ha units) totalling 1,792 ha, 7 parcels of patented and leased surface rights totalling apporximately 208 ha are also included in the package. The property is owned 100% by Globex Mining Enterprises Inc. A 1.5% NSR is payable on all future mineral production from the property to Géoconseils Jack Stoch Ltée.
Highway 101 passes approximately 8 km to the south and is connected to the property by the gravel all-weather Beatty Township Road #6. The Lady Maude Lake gravel road extends from Road #6, an eastern branch of the road ends at the Ramp property 5 Zone open pit area.
Note: Numerous references are made to "reserve" estimates in the Ramp History section. No reserves or resource stated in this section was completed after the implementation of National Instrument 43-101 and as such are considered historic as they have not been prepared for Globex by a Qualified Person. The reader is cautioned not to rely on these estimates.
Work was initiated on the property in 1915 when gold was discovered on the Beatty Township claims. Between 1917 and 1919 Hill Gold and Premier Gold Mining sunk a 62 m shaft and did 113 m of lateral development on the Shaft Vein. A mill test on a 25 ton sample produced 30 oz of gold.
Between 1940 and 1946, Argyll Gold Mines dewatered the old shaft and did detailed sampling of the Shaft Vein. This was accompanied by 6,575 m of diamond drilling on the Beatty Township claims and resulted in the discovery of 7 gold bearing vein structures. Subsequently, Sylvanite drilled 1,487 m in 1947 and outlined several high grade gold veins of significant width.
In 1960, Rio Rupununi Mines drilled 439 m in 6 holes approximately 270 m southeast of the shaft. This work was the first to intersect the 5 Zone. Lake Osu Mines subsequently did 2,061 m in 17 holes.
In 1973, the property was sold to a numbered company which became Maude Lake Gold Mines Limited ("Maude").
In 1981, Maude drilled 1,053 m in 17 holes along the 5 Zone. Interpretation of the results at the time indicated a 40 to 120 ft (12 to 35 m) wide gold bearing structure which was at least 500 ft (150 m) long and 200 ft (60 m) deep with geological reserves of 201,000 tons grading 0.09 oz/ton Au. Subsequently, Maude dewatered the Argyll Shaft and did detailed sampling on the 30 and 60 m levels. A further 1,540 m was drilled in 11 holes on the Shaft and #2 Veins outlining a geological reserve of 75,750 tons grading 0.23 oz/ton gold. This reserve is considered historic in nature and should not be relied upon.
In 1982, Maude stripped, mapped, channel sampled and drilled 1,473 m of closely spaced percussion holes in 78 drill holes on the 5 Zone. Additionally, 49 vertical holes totalling 1,568 m were drilled to the 30 m level east of the stripped area. The results indicated a potential reserve (historic) of 216,264 tons grading 0.146 oz/ton to the 55 m level.
In the Shaft Vein area about 270 m northwest of the 5 Zone, the Shaft and #2 Veins were stripped, channel sampled and drilled (233 m). A composite bulk sample along a length of 250 ft (76.2 m) of #2 Vein returned 0.22 oz/ton gold across on average width of 3.5 ft (l.07 m). In addition, the lengths of the veins were extended to 1,260 ft (384 m) and 2 new vein structures were discovered.
During 1993, Maude stripped the 5 Zone and mapped, channel sampled and bulk sampled it. A 1,000 ton sample was sent to the Horne Smelter.
Detailed drilling on the 5 Zone was undertaken in 1984 to test the zone to the 350 ft (107 m) level and to explore beneath this level to increase ore reserves. 36 drill holes totalling 5,767 m were undertaken at 30 m centres, testing down to the 350 ft (107 m) level increasing the 5 Zone undiluted reserve estimate to 448,040 tons grading 0.205 oz/ton Au. Several outside targets were also tested including the Field Zone (0.33 oz/ton Au over 3 ft (0.9 m) or 0.18 oz/ton Au over 7 ft (2.1 m) and 0.10 oz/ton Au over 4 ft (1.2m)).
In 1985, the entire exposed 5 Zone was bulk sampled for detailed metallurgical testing and mill flow sheet development. Deep drilling under the 5 Zone was also undertaken. A 15 ft (4.6 m) mining bench of most of the 5 Zones was drilled, blasted and crushed. The fully diluted sample graded 0.13 oz/ton Au (approx. 6,000 tons) and metallurgical test work at Lakefield Research indicated gold extraction of a least 92.6% from a typical Porcupine Gold camp type float/cyanide mill.
Deep drilling (10 holes totalling 3,593 m) showed that the 5 Zone continued to depth. The best intersections were 0.31 oz/ton Au over 12 ft (3.7 m) at the 1,050 ft (320 m) level, 0.523 oz/ton Au over 26.5 ft (8.08 m), or 0.23 oz/ton Au over 68.5 ft (20.88 m) at the 1,200 ft (366 m) level and 0.30 oz/ton Au over 7 ft (2.13 m) at the 1,250 ft (381 m) level. Preliminary grade X thickness estimates indicated a potential for approximately 1 million tons grading in the 0.20 oz/ton range for the 5 Zone to the 1,300 ft (396 m) level.
Outside exploration during the period included a reverse circulation drill program, IP surveys and diamond drilling of 2,714 m in 15 holes.
In December 1986, Freeport-McMoran Gold Company entered into a joint venture with Maude to develop the 5 Zone. 11 holes were drilled below the 5 Zone but only 6 succeed in reaching the targets areas. Results included 0.15 oz/ton Au over 52 ft (15.8 m) including 0.30 oz/ton Au over 18 ft (5.5 m) at the 700 ft (213 m) level and 0.39 oz/ton Au over 7 ft (2.1 m) at the 1,600 ft (488 m) level. The contract requirement for Freeport to sink a 1,500 ft (457 m) shaft caused Freeport to withdraw from the joint venture.
In October 1987, Equinox Resources Limited joint ventured the property and by December 1987 started the portal for a ramp on the 5 Zone. The following underground work was undertaken:
956.7 m of decline and muck bays,
1,008 m of cross-cuts and drifts,
207.9 m of raises and ventilation, and
4,800 m of underground AX diamond drilling
A mining reserve of 175,000 tons grading 0.184 oz/ton to the 140 m level was established on part of the 5 Zone. Several new high grade gold zones and veins were also discovered within or near the underground workings.
In 1993, 8 drill holes totalling 2,418 m were drilled in and around the 5 Zone to test the high grade veins found in the 1988 underground program, to test the "Ramp Vein" found in the decline openings and to test the deeper eastern and western extensions of the 04 and 02 gold structures of the 5 Zone. The drill results indicated that the high grade discoveries in the 1988 underground program were from part of the Ramp Vein. Further it was shown that deep economic potential exists in the 01 Zone of the western part in the 5 Zone (0.572 oz/ton Au over 4 ft (1.2 m) and in the deep portion of the 04 and 02 Zones of the 5 Zone.
Lastly, a new highly altered and sheared and gold mineralized zone was found north of the known 5 Zone structures returning (0.053 oz/ton over 46 ft (14 m) including 0.23 oz/ton over 3 ft (0.9 m). All targets intersected in the 1993 program remained open along strike and to depth.
In January 1994, Robert A. Bennett was engaged to perform a property compilation and ore reserve. Mr. Bennett calculated a proven, probable, possible and drill indicated reserve (historical, non NI 43-101 compliant) to the 220 m level of 510,116 tons grading 0.248 oz/ton and a deep reserve of 283,358 tons grading 0.22 oz/t for a total Geological Ore Reserve in all categories of 793,474 tons grading 0.235 oz/t (191,284 contained ounces). He proposed a $2.1 million feasibility study, the bulk of which would be made up of 850 m of underground drifting, 250 m of underground raising, 5,000 m of diamond drilling and a 3,000 ton bulk test.
In 1996, McWatters drilled 7,450 m in 33 holes, principally on the Ramp Vein and 4 Zone structures. The drill program intersected numerous economic gold values including 6.24 gpt Au over 3.3 m, 8.98 gpt Au over 8.1 m, 7.78 gpt Au over 5.7 m, 22 gpt over 1.5 m, 8.77 gpt Au over 3 m, 11.46 gpt Au over 3.4 m, 8.65 gpt Au over 3.8 m, etc. (Note: widths were reported in core lenght).
Lastly, in 1999 McWatters drilled 783 m in 4 holes on the Ramp Vein. The program intended to locate extensions of the 04 Zone and the newly identified zones south of the known deposit. The holes spotted to test the extensions of the 04 Zone were dyked out by diabase while one hole 99-03 intersected 16 gpt Au over 1.4 m in a silicified, mineralized breccia in a previously unexplored area south of the Ramp Vein area. Further drilling was recommended on all zones.
In August 2001, 100% interest in the main property was acquired by Globex Mining Enterprises Inc. at no cost to Globex through a property sale by Jack Stoch Geoconsultant Services Ltd. Globex subsequently acquired other contiguous mining and surface rights.
In 2004, Vedron Gold Inc. optioned 50% interest in the property from Globex.
In 2004, Vedron performed a series of new geophysical surveys (IP) and drilled a series of holes principally south of the known gold zone to test isolated high grade gold intersections (ex.: 16 gpt Au over 1.4 m). Several holes were lost or were dyked out but several holes intersected gold values including one step-out hole which returned 15 gpt Au over 1 m.
In 2005, Vedron initiated a NI-43-101 report on the mineral resources at Ramp which was never completed. In 2006, Vedron terminated the option.
No significant exploration has been undertaken since 2006.