Knight Project

Orefinders’ Knight Project is located along Highway 560 in the Knight and Tyrell townships of Ontario, approximately 80km east of Gogama, and ~100km southwest of Kirkland Lake. The entire Knight Project land package encompasses ~2,200 ha and consists of 14 patented leases and 79 mining claims, and is a consolidation of six proximate, high-potential properties with similar geology and significant drilling, exploration or development, including: Tyranite, Tyranite Extension, Minto, Duggan, Porphyry Lake, Fawcett, and Corona.

Geology

 

Tyranite extends over 1km along a northerly trending shear and consists of 3 lenses down to a depth of 350 metres. Tyranite is a past producing mine and the property includes a head frame and shaft down to 343 metres, as well as 1,370 metres (4,500 ft) of drifts developed between 1939-1942. During this time, ~232,000 ounces of gold was mined at an average grade of 0.147 ounces/t (5 g/t Au). Significant infrastructure exist on site—recent developments include a field office, sleeping accommodations, core cutting and logging facilities. The project hosts a historical resource of 472,000 tons grading 6.9 g/t Au. Refer to the note on historical resources on this page.

 

3D Interpretation of Tyranite Orebody

 

 

Exploration Plan

 

Historical exploration on Tyranite shows that grades are high enough to be economic. The key to the project is to delineate sufficient economic grade mineralization within the mine infrastructure to justify rehabilitation of the shaft and renewed underground exploration.

 

New Interpretations at Tyranite

 

3D inversion of a high-resolution magnetic survey allowed us to redefine the geological model at Tyranite by focusing more on the contact zones of the ultramafics. Historically, Tyranite was simply mined as a ‘fault’ style deposit. Orefinders’ interpretation focuses on the contact zones of the ultramafic units striking at right angles to the fault. Tyranite has never been drilled using this specific model/interpretation.

 

 

Duggan

 

Duggan is located 1.5 km west of Tyranite, and hosts similar geology and potential for a high-grade open pit. Previous owners of the property confirmed historical work and expanded the strike extension of the mineral zone to 700 metres, and to a depth of 410 metres.

 

Previous drilling on the property yielded near surface intersections—notably:

 

The known mineralization at Duggan is rich and wide enough to consider an open pit which could be a significant contribution to the overall project. The proposed work program calls for validation of historical drilling and a drill program to increase mineralization for a maiden resource and possibly a PEA.

 

Porphyry Lake

 

Porphyry Lake hosts two gold mineralized porphyry systems with wide, low-grade gold intersections in drilling. Mineralization is consistent with a mineralized porphyry system that has the potential of developing into a large, bulk tonnage open pitable deposit. The property also potentially hosts breccia pipes similar to that at Minto, as it is located immediately to the west of Minto, and contiguous to Tahoe’s Juby north boundary.

 

Notable intersections include:

 

The exploration plan at Porphyry Lake revolves around 2 main objectives: 1) find a center of porphyry-type gold mineralization with open pit potential; and 2) find additional Minto-type breccia zones, which are small but very high grade.

 

Orefinders has identified a major, untested IP high chargeability/low resistivity anomaly over 300m long by 250m wide under Porphyry Lake. We believe that there is a large gold system centered on Porphyry Lake, which shows multiple significant intersections surrounding the large, untested IP target–which has never been previously drilled. Orefinders will focus on drilling this target.