| Risk and valuation analysis of the Sturgeon River Mine |
| Status Risk : Early discovery |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Location of the Sturgeon River Mine |
|
The property is located in the Beardmore-Geraldton greenstone belt that has reportedly produced more than 4.12 million ounces of gold from 19 mines since 1925 when gold was first discovered in the area.
|
| |
| History of the Sturgeon River Mine |
|
The Sturgeon River Mine produced 73,322 ounces of gold and 15,929 ounces of silver processed from 145,123 tons mined primarily from the No.3 Vein during 1936 to 1942.
|
| |
| Geology of the Sturgeon River Mine |
|
|
Sturgeon River Mine is reported to host more than 120 other veins and mineralized zones, many of which indicate significant gold mineralization.
The Sturgeon River Mine also has the potential to host zinc-copper VMS-type mineralization in rhyolitic volcanics.
|
| |
|
|
