Hurricane Point and North Star - Gold
Guysborough County, Nova Scotia (11F4D)
The property is located at Isaac’s Harbour, Guysbourough County, Nova Scotia.
Globex acquired 100% interest in the combined 34 claim property subject to a 1% net smelter royalty which may be purchased at any time for $600,000.
Mining was undertaken at the Hurricane Point Mine between 1887 and 1890 and then from 1898 to 1900. Three 145 meter shafts were sunk and pits dug to expose gold bearing quartz veins. There is no accurate record of production.
At the NorthStar property across the bay from the Hurricane Point Mine an inclined shaft was sunk to a depth of 147 meters between 1898 and 1894. Surface channel sampling in 1998 returned assays of up to 198 g/t Au (6.36 oz/t). A small drill program followed the surface sampling and visible gold is reported in several holes but assay records are incomplete. In 2011 Globex cut a grid over the NorthStar portion of the property and completed a magnometer and VLF survey. Subsequently numerous surface pits and trenches were located and their positions recorded by GPS. Drilling has been recommended.
The claims are part of the Goldenville Formation and fall within what is termed the Isaac’s Harbour Gold District. The formation consists of folded and faulted sedimentary units occasionally with gold bearing quartz veins that follow the contacts between beds. The quartz veins are often part of a stacked system (saddle work) locally known as Magma type and are similar to the mineralization at Globex’s Mooseland royalty property or Orex’s nearby Goldboro Gold Deposit (Aug. 4,2009 NI 43-101, measured and indicated resource 2,711,000,tonnes grading 4.56 g/t Au and inferred resource 3,438,000 tonnes grading 3.67 g/t Au).
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