Jun 26 2020
CR Capital Corp. reports the proposed commencement of fieldwork on its recently optioned 445-ha Mt. Jamie North Property. The company signed an option agreement to obtain the property on June 3rd, 2020.
The fieldwork’s objective is to monitor projected surface extensions of mineralization and historical surface showings from the nearby Mt. Jamie Mine Property, which is located to the southeast of the Mt. Jamie North Property.
The trends that were identified earlier include the West Mt. Jamie Gold Trend, North Vein Gold Trend, Golden Tree Gold Trend, North Golden Tree Gold Trend, and Mt. Jamie Mine Gold Trend.
The primary program will involve sampling and prospecting of the property as delineated by the map.
The Mt. Jamie North Property spans the boundary between the Ball Assemblage (2.94 to 2.92 Ga) and the Balmer Assemblage (2.99 to 2.96 Ga). The contacts between significant metavolcanic assemblages in Red Lake have been found to be highly prospective, and a majority of the gold deposits in Red Lake have been identified within several hundred meters of the same contacts.
Also, CR Capital has reported that it has availed the services of Mr Tim Twomey as a consulting geologist. Mr Twomey is a professional geologist having more than 36 years of production, exploration, and management experience.
Twomey has a track record for playing a crucial role in Goldcorp’s “High-Grade Zone” discovery, development, and production at Red Lake and was an important part of the team at Goldcorp that gathered information and then aimed gold mineralization right from Lake Winnipeg to the east of Pickle Lake.
Goldcorp is an unrivaled mining victory and considered as the highest-grade gold mine across the globe. Earlier, Mr Twomey has also collaborated with Yamana Gold Inc., Premier Gold Mines Ltd, and Mega Precious Metals, all of whom have or have had considerable gold exploration projects in the Red Lake Camp.
Tim epitomizes the spirit of enthusiasm and innovation in exploration. He will bring a keen eye and mind to CR Capital, and help develop exploration concepts and targets on the recently acquired Mt. Jamie North property, which is adjacent to the Mt. Jamie Mine, and on trend with the Rowan and Red Summit Mines.
Brian Howlett, President and CEO, CR Capital Corp.
Howlett added, “Tim’s dedication to his work will be a critical catalyst for the tremendous growth that CR Capital expects to see in the near future, and we feel very fortunate that he has accepted this opportunity to work with the Company.”
The Red Lake greenstone belt is well known for its high-grade gold mineralization and has generated over 25 million ounces of gold right from 1930 to date.