The Laguna Property
By September 2016, we had accelerated our consolidation plan and acquired the very best gold asset in the Snow Lake mining camp. We acquired an option to earn 100% interest in the Laguna Gold Property which hosts the highest grade past-producing Laguna gold mine, located near a 2,150 tonne per day gold processing facility located in Snow Lake, Manitoba.
- Historic Laguna Gold Mine: 1916 – 1939 produced over 60,000 ounces of gold grading 20.5 g/t Au (0.60 opt Au), 381 metres-3 compartment vertical shaft, 3.0 km of underground workings
- Strategic Location: 20 kilometres away from a fully functional, non-operating, 2,150 tonne per day gold mill facility with potential start-up in 2017-18
- Grab Sample Results: trace to 700 g/t gold, trace to 118.6 g/t silver and trace to 6.2% zinc. Visible Gold in surface quartz veins. Last drilled in 1944
- Kinross Gold Corporation (TSX.K) has signed a Letter of Intent to option a 70% interest in the Laguna and Lucky Jack gold properties by spending $5.5M over six years. The first and second years require minimum expenditures of $1.25M with Rockcliff as operator earning a 6% management fee