Polymetallic Silver, Gold, Zinc, Lead, and Cobalt Property in Historic Thunder Bay Camp.
Seeking Option to Purchase or Outright Purchase.
The Property is located in the historical Thunder Bay silver district and covers some of the most productive silver-bearing veins of the Rabbit Mountain group of deposits including the past-producing high-grade Beaver Silver Mine (Franklin et al., 1986). The Property is ideally located close to roads, power lines, infrastructure, and a skilled labour force.
About the Beaver Silver Property
The geological history and the overall geological setting of the Beaver Silver Property make it a prime target for mineral exploration for high-grade polymetallic silver, gold, zinc, lead,
and cobalt mineralization. The list of metals identified in historic operations in the region is extensive (Wilson, 1986; Barr, 1988). Just like the related famous Silver Islet, these silver
bearing veins of the Beaver Mine are often referred to as five-element ores (potentially containing nickel, cobalt, arsenic, silver and bismuth) (Kissin, 1992).
The historic Beaver Mine operated between 1884 and 1891. During that time, it produced over 500,000 oz silver at an average grade of 0.25% with zones grading up to 3.42% Ag
(Ingall, 1889, Szetu, 1969). 500,000 silver oz was produced from a one metre vein during which it became Canada’s largest silver producer at the time. (Szettu 1981)
The historic high-grade silver operations of the Thunder Bay Camp were developed by drifting, and losing the vein generally implied closing of the mine. In contrast to the Cobalt district, most of the mining activity in the Thunder Bay silver district stopped at the end of the 19th century, with only sporadic exploration campaigns occurring during the 20th century in the Beaver Silver Property and in the broader Thunder Bay South District (Oja, 1966).
The region remains under-explored with modern exploration techniques. Even drilling intersections of 1239 g/t Ag over 1 m in the structural extension of the Beaver Silver Mine were never followed up(AFRI 52A05SE0027). The geological and mining history of the Thunder Bay Silver district indicate a high potential for new discoveries in the region. The Beaver Silver property is located in one of the most prolific zone of the district and the Company considers that it represents an area with a good potential to discover additional polymetallic-silver mineralized zones.
Property Owner: Cairngorm Mines has been owner and custodian of the Beaver mineral property for over 50 years. The company is an inactive former mineral exploration company incorporated on November 15, 1955 and is an unlisted reporting issuer in Ontario.