Kinebik Gold Project
The 100% owned Kinebik Gold Project is located in an underexplored greenstone belt, which hosts significant gold deposits including the Casa Beradi gold deposit (c. 6 million ounces of gold).
A maiden 9 hole, 1,800m diamond drilling program was completed in Q1 2018.
Geochemical sampling completed in 2016 and 2017, including MMI soil and Black Spruce bark geochemical surveys have defined numerous overlapping anomalies located in a region dominated by meta-sediments and banded Iron Formation. A 3D-IP and ground magnetic survey was completed and combined with the historical geochemistry to define several reconnaissance drill targets.
Figure 1. The maiden Kinebik drilling program tested the South Anomaly, identified from soil and bark geochemistry in 2017.
The Kinebik Gold Project is located 150km to the north of Chalice's East Cadillac Project, in the prolific Abitibi region of Quebec, Canada. The tenement area covers 30km of strike along the renowned Casa Beradi Fault with a total project area of 187km2.
The Casa Beradi gold deposit, the largest gold deposit in the region (c.6Moz Au) is located 150km to the west.
Geology and Mineralisation
The property is located along the Casa Beradi fault, which is developed along a well-endowed Archaean volcano-sedimentary greenstone belt which comprises an interlayered succession of mafic to intermediate volcanics, Branded Iron Formation, clastic sedimentary rocks (conglomerate, arenite, wacke) intruded by syenite, diorite, granodiorite stocks and sills.
The geological attributes of this part of the Casa Beradi faults are interpreted to indicate a prospective setting for orogenic gold mineralisation include: (i) a significant bend in a late tectonic fault, (ii) preserved Timiskaming-type sediments in one or more fault panels, (iii) proximity to late tectonic intrusions; and (iv) proximity to historical gold deposits and occurrences.
The Kinebik Project is 100% owned by Chalice.