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Home > News > Ethos Options Heaven Lake...

Ethos Options Heaven Lake Ni-Cu-PGE Project near Lac Des Isles

Mar 8, 2021


Ethos Gold has entered into an earn-in agreement under which Ethos may earn a 100% interest in the 4,400 hectare (44 km2) Heaven Lake claim block located 20 km north of Impala Canada's Lac des Iles platinum group elements ("PGE") mine, Ontario. 

Highlights

  • District Scale - 100% ownership of entire Heaven Lake Greenstone Belt (4,400 ha).

  • Excellent Access - Main Provincial highway cuts through claim block and extensive network of forestry roads. Located 100km north of Thunder Bay and 20km north of Lac des Iles Pd-Pt-Ni-Cu Mine.

  • Overlooked - No recorded staking activity since early 2000's with only sporadic work for Zn-Cu-Ag (1970's-1990's) and Ni-Cu-PGE (2000-2002). No previously recorded gold exploration despite favorable structural setting.

  • Multiple Deposit Types - Unique setting for VMS base metal, mafic magmatic Ni-Cu-PGE and lode gold within overlapping rock types and structural sites. There are major zones along a NE trend, that are favorable lithostratigraphic breaks zone for syn-volcanic VMS mineralization, favorable lithologic and structural contrasts for intrusion of MUM intrusions with Ni-Cu-(PGE) sulfides, and favorable zones for development of shear zones hosting lode gold deposits. All three of these possibilities are evident from the mapped geology and aeromagnetics.

  • Proven Regional Endowment - NW Ontario segment of Superior Province hosts world class examples of precious and base metal deposits and the Heaven Lake Belt exhibits the key geologic criteria needed for the formation of large deposits (i.e., stratigraphy, structure and repeated magmatic activity).

Stated Jo Price, P.Geo., M.Sc., VP Exploration of Ethos: "The Heaven Lake property offers another district scale opportunity in the Superior Province to complement our Savant Lake, Campbell Lake, Fairchild Lake, and Fuchsite Lake projects. Heaven Lake is located within 20 km of Impala's operating Platinum-palladium-nickel-copper mine, and yet the property has seen only sporadic exploration in recent years. Ethos will initiate a VTEM program as soon as possible with the aim of developing drill targets later in 2021."



Tags: Northern Ontario / Deals & Financial / Metals / All Articles