War Eagle Mining Company Inc.
WAR Eagle, is in the business of exploration of mineral resource properties in northern Ontario with a focus on gold deposits.
The Company has a significant land position in the world class Kirkland Lake Gold Camp five kilometres from the Town of Kirkland Lake and adjacent to Kirkland Lake Gold Inc.’s high grade producing mine. The Company’s Goodfish Kirana Project is a 10 km long by 3 km wide land package that has never been consolidated or systematically explored on surface or below 200 m depth. Numerous historical gold showings, significant structural breaks and a land package that has been under-explored with modern technology provides for an exciting and unique discovery opportunity.
A World Class Mining Jurisdiction
Canada remains one of the top destinations for global exploration investment, and Ontario is rated in the top five of the best mining jurisdictions in the world.* Gold was first discovered in Kirkland Lake by W. H. Wright in 1911 on what became the Wright-Hargreaves Mine. The first gold production occurred in 1913 and over time there have been over 60 mines identified with some mines having produced continuously for over 50 years. The mines of Kirkland Lake have produced 40 million ounces at a recoverable grade of 8.2 grams per tonne and the district is second in production of gold only to Timmins in the belt.
* Fraser Institute 2011
Kirkland Lake Gold Camp
Geologically, the Kirkland Lake Gold Camp is favourable due to major structures and breaks that are host to world class high grade gold deposits. Operationally, the Kirkland Lake Gold Camp is a first class location due to its long mining history which has fostered local mining-skilled personnel including supportive First Nations, year-round ease of access via local airport and three main highways and truck and ATV accessible bush roads. The region hosts abundant water and power.
The Goodfish Kirana project is a mesothermal gold target in a significant land position, within a prime gold producing camp.
The Kirkland Lake Gold camp is home to a world class mining jurisdiction that has produced more than 40 million ounces of gold in a region that boasts gold production of more than 200 million ounces. As a result of the merger, War Eagle now holds the third largest contiguous land package just north of the Kirkland Lake Gold Camp of the Western Abitibi, adjacent and near to Agnico Eagle and Kirkland Lake Gold ground. The Property comprises 66 claims totaling 184 units, as well as 20-patented claims for a total of 3,296 hectares (8,145 acres). The land package comprising the Goodfish Kirana Property was assembled by Champagne Resources through the signing of eight separate agreements with a combination of prospectors and companies. The Property has never been fully explored by geologists because of the fragmented historical land ownership. Historically, exploration attention has been focused both economically and academically on the main breaks to the south.
The Goodfish Kirana property has a strike length of 10 km of which 6 km to 8 km host the Kirana Break, a significant geological break that is known to host gold mineralization.
Historical work dates back to the early 1900’s when high grade gold was first discovered on the Goodfish Kirana Property by hand digging exploration pits and mine shafts. There are 12 historical mine shafts and pits on the Property and four adjacent to the southern boundary of the Property. The Fidelity Mine directly adjacent to the southeast boundary of the property produced high grade gold in the late 1920’s.
The Property hosts significant anomalous gold values from work completed by various individuals and companies over the last 90 years. During the year 2007/2008 a 13,500 metre diamond drilling program on the Northern Gold ground (60% of the land package) was undertaken of which 12 diamond drill holes (2,400 metres) and an additional 2,500 metres of diamond drill core was re-logged and assayed in late 2016. The results delineated a newly identified 2.4 km long mineralized zone.
Compilation of historical data identified 12 areas of interest on the Property for follow up. War Eagle will initially focus on three areas for high grade mesothermal gold deposits: the Goodfish, the Kirana Extension and Fidelity areas where significant historical high grade gold has been produced or found by diamond drilling, channel sampling and/or field work.
National Instrument 43-101 January 2018
“The presence of prospective lithologies, abundant known gold concentrations with clear semi-regional structural controls, and the proximity to a world class gold mining camp collectively demonstrate that the Property warrants additional exploration. Compared to the Kirkland Lake area immediately to the south, the Property has not received much attention from academic or exploration geologists. The immediate Kirkland Lake area has been mapped in great detail, but the Goodfish Kirana property has not. Because of the numerous patents present, it has historically been difficult to acquire a large land position and examine the big picture, which Champagne is now in a position to do. The property-scale structural picture is better understood now because of the recent VTEM and LiDAR surveys, so future exploration should be more efficient. The over-riding conclusion has to be that the Property merits a comprehensive exploration program. Such exploration should be multidisciplinary, comprising geological, structural, geophysical and geochemical studies, along with abundant drilling.”
Dr. Tom Setterfield, PhD, Vice President, GeoVector
Geological Belt Overview
The Company's claims in Kirkland Lake are centrally located in the Abitibi Greenstone Belt ("Abitibi Belt"), in the Superior Province of the Canadian Shield. The Abitibi Belt is the largest Archean (i.e. greater than 2.5 billion years old) belt of its kind in the world and is also one of the most prolific in terms of mining production. It is a 750 kilometre long by 250 kilometre wide belt of deformed and metamorphosed volcanic and sedimentary rocks.
The Goodfish Kirana property occurs within the Western Abitibi subprovince. The structural complexity and poor exposure of the subprovince have made comprehensive stratigraphic syntheses difficult. Instead, the district has been divided into a number of "tectonic assemblages", on the basis of similarities in stratigraphy, lithochemistry, age dates and aeromagnetic and airborne EM signatures. Since the initial division of the Abitibi greenstone belt into tectonic assemblages, more accurate and more abundant age dates have enabled a simplified and improved delineation of the assemblages to be made. The Property is underlain by the lower unit of the Blake River Assemblage. This unit is 2704 to 2701 Ma in age, and is dominated by tholeiitic mafic volcanic rocks, with lesser felsic volcanic rocks. Minor amounts of Timiskaming assemblage sediments occur in the northern and southeastern tips of the Property.
Major gold deposits in the Western Abitibi Subprovince are typically proximal to either the Destor Porcupine Break or the Larder Lake Cadillac Break, or to associate faults. In Kirkland Lake, most deposits are spatially associated with the Kirkland Lake Main Break. The Property is north of both the Cadillac-Larder Lake Break and the Kirkland Lake Main Break. The extension of the latter passes just south of the Property. The Property is also north of the package of rocks that is most prospective for gold deposits (Timiskaming sediments + alkalic intrusions).
The Property is underlain mostly by Archean mafic volcanic rocks, but is locally intruded by quartz-feldspar porphyry intrusions, particularly in the Goodfish Block. Mafic intrusions occur in the southern part of the Eastern Block, and in the eastern part of the Southeastern Block. Minor amounts of intermediate volcanics occur in the western portion of the Northern Block. Timiskaming sediments occur in the southern half of the Southeastern Block, and underlie Nettie Lake in the northern part of the Airport Block. An alkalic volcanic or intrusive unit is interlayered with these sediments in the Southeastern Block and ice flow indicators on the Property vary from southeast to immediately west of south.
Anomalous gold values have been obtained from a number of locations on the Property. Without exception, this mineralization is incompletely described. This is mainly because not enough work has been completed to properly document features such as thickness, orientation and continuity of mineralization. Anomalous gold is typically associated with quartz ± carbonate ± pyrite veins, and shows a tendency to be spatially associated with the interpreted Kirana Break and with a north-trending zone in the Goodfish Block. As such, gold mineralization on the Property appears to be typical mesothermal style mineralization. The exception is in the St. Pierre area, where anomalous to economic concentrations of silver, zinc, lead and copper locally occur along with gold in the quartz veins.
Advisors & Directors
Consultants & Advisors
Danièle Spethmann, P.Geo., President & CEO
Salil Dhaumya, Chief Financial Officer
Tom Neelands, P.Geo., Chief Geologist
Dr. Tom Setterfield, P.Geo., Independent geologist
Betty Anne Loy, Corporate Secretary
Jim Atikinson, P.Geo., Advisor
Terry Bottrill, P.Eng., Advisor
Gary Grabowski, P.Geo., Advisor
Bill McGuinty, P.Geo., Advisor
Board of Directors
Paul A. Carroll, QC Executive Chairman
Danièle Spethmann P.Geo.