Stewart Brook Gold project
The Company has acquired through staking directly from the government, a 100% interest in 300 mineral claims covering the Stewart Brook Gold project area (“SBG”), totalling over 46 square kilometers. The claims are located in Guysborough County, Nova Scotia. The SBG project area was staked because it shows district scale exploration potential for saddle-reef and vein style gold mineralization. Property highlights include:
Between 1986-1989, Seabright Resources Inc. conducted an extensive till and soil geochemical survey over the Meguma Terrane in Nova Scotia. Seabright’s comprehensive sampling program identified numerous gold in till anomalies across the province, including an 8,000m by 4,000m anomaly at SBG. A total 48 tills were taken, collected at 1000-metre spacings along 500-metre spaced grid lines. A heavy mineral concentrate was prepared from each till sample and analyzed for gold and 25 elements. In total more than sixty percent of the samples assayed above 0.07g/t gold, and up to 4.9g/t, and the anomaly is open in all directions. Anticline and syncline structures have been mapped in the project area, and a large northwest structure bisects the project area. The exploration target is a classic saddle-reef deposit within anticlinal structures, associated cross cutting auriferous veins and disseminated or fractured controlled gold mineralization.
The Company plans to initiate a till sampling program over the anomalous area to confirm historic data and to obtain representative samples for further studies. Till samples will be sent to Overburden Drilling Management (ODM) located in Ottawa in order to obtain a 300-400g sample of heavy minerals. Gold grains will be separated from the heavy mineral concentrate and counted, measured and classified, which can provide critical information regarding distance of glacial transport. The relative abundances of any sulphides or similar indicator minerals or metallic contaminants is estimated and the expected gold assay value of the contained gold grains calculated. A representative split is removed from each sample and submitted to ALS in Vancouver, British Columbia for geochemical analysis.
Carube is excited about securing the Stewart Brook gold project, and exploration activities are expected to commence soon. This is another step in the Company’s corporate strategy to secure exploration projects with compelling targets that are at or close to drilling stage. Carube continues to look at options on how to optimize value of the current asset base in Jamaica and is engaged in discussions with interested potential strategic partners. Senior management continue to evaluate exploration properties, focusing on mining-friendly jurisdictions with transparent permitting and well-established infrastructure.