The Gwyn Lake Property is situated in the Thunder Bay Mining Division, (NTS UTM Zone 16) in northwestern Ontario. The Gwyn Lake Gold Property is located on the historic Beardmore Geraldton Gold Belt, 15 km east of Beardmore, Ontario. The Gwyn Lake Property comprises three claims comprising 20 claim units measuring approximately 2 km by 2 km, covering an area of 320 hectares.
Historically, the Beardmore Geraldton Gold Belt is well known for its extensive mining history, including the production of over 19 gold mines reportedly having produced over 4 million ounces of gold with a combined average grade of 11.5 g/t.
During the past two decades geophysical surveys have been conducted to explore the deposit and its extensions. Three strong geophysical features were defined, which currently delineate the North, Central and South Zones.
Earlier reconnaissance work programs were conducted in 2003/2004 to target two of the three well-defined east-northeast trending sub-parallel zones delineated through airborne magnetic and electromagnetic (EM) anomalies, representing a regional banded iron formation (BIF), and included prospecting and reconnaissance sampling/mapping accompanied by hand trenching and channel/chip sampling. Outcrop from the North and South Zones were identified and highly anomalous gold values occurred in both.
The Gwyn Lake 2005 work program was undertaken in order to identify the Central Zone and to further explore the extent of the North and South Zones. Work on the property included reconnaissance sampling and mapping.