Saskatchewan - Ontario

Current Projects, History & Status Report

Map of Saskatchewan

Map of Currie Rose Option

The Currie Rose gold property completely surrounds Saskatchewan's largest gold mine, the producing Seabee mine property, located 120 kilometres northeast of La Ronge, Saskatchewan at Laonil Lake. The Currie Rose property is comprised of three claims consisting of 11,000 arces.

In November 1994, Claude Resources entered into an option agreement with Currie Rose to acquire a 100% interest in the property (subject to a 30% net profits interest in favor of Currie Rose). Claude was required to make expenditures of $75,000 in 1994 and is required to make expenditures of $100,000 per year in each of the years 1995 through 1998, unless commercial production is achieved during this period. In the event commercial production is not achieved before 1999, Claude is required to incur additional expenditures and payments to Currie Rose totaling $200,000 per year in each of the years 1999 through 2001 unless commercial production is achieved during this period. Claude also issued 34,000 Common Shares to Currie Rose pursuant to the Option Agreement.

Gold deposits are hosted in northeast-trending shear structures within the Laonil Lake Intrusive Complex. This complex consists of a sequence of mafic intrusive layers or sheets commonly capped by dioritic units. A sample of the dioritic phase was dated by zircon U/Pb at 1889+9 Ma (Chiarenzelli, 1989) Mafic layering within the intrusive body varies from melanocratic gabbro to ultramafic compositions. Mafic volcanic rocks, valcaniclastic rocks, and mafic to intermediate sedimentary units of variable thickness occur throughout the intrusive body as rafts or xenoliths. Numerous later intermediate to felsic intrusive rocks occur throughout the complex. These include intermediate dikes, quartz diorite dikes, and feldspar porphyry dikes.

To the north and northeast, the Laonil Lake Intrusive Complex is unconformably overlain by felsic valcanic-volcaniclastic rocks and conglomerates of the Pine Lake metavolcanic sequence. To the west, the complex is bounded by a sequence of earlier granodioritic to dioritic gneisses, and to the south by the younger (1859+5 Ma) Eyaphaise granodioritic pluton (Chiarenzelli, 1989). A large scale regional lineament of intense deformation, the Laonil Lake Shear Zone, is located at the contact between the eyaphaise Pluton and the Laonil Lake Intrusive Complex, and serves as a structural boundary between these two bodies.

Gold mineralization occurs in quartz + tourmaline + sulphide vein systems within an extensive network of anastomosing subparallel shear structures, which crosscut the Laonil Lake Intrusive Complex. The structures trend between 045 degrees to 085 degrees, and dip subvertically or steeply north. Three discrete subsets of structures have been recognized trending at 070 degrees, 085 degrees, and 045 degrees respectively. The 070 degree structures contain the auriferous veins (zones 2b and 2c, 5-1, and 161). In addition, anomalous gold values have been returned from the volcanic-sedimentary rock sequence on the property.