Needle Lake Project
Needle Lake
Country Canada 
Province Nunavut
Close to Yellowknife
Status GREEN EXPLORATION 
Surface 20 km² / 4,999 acres
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Last updated on 2/4/2010 - Terms of Use
Risk and valuation analysis of the Needle Lake Project
Status Risk : Green exploration
Country Risk : Very Low
Title(s) of the Needle Lake Project
Kaminak Gold Corporation
Owner: 100%
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MGold Resources Inc
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Location of the Needle Lake Project
The Needle Lake is located in the North Slave region of Nunavut Territory. The property is 450 km northeast of the city of Yellowknife and strategically located near the proposed Bathurst Inlet Port and Road Project.
 
History of the Needle Lake Project
In the early 1990’s, thirteen holes were drilled totaling 1,287m and included 9.46 g/t Au over 3.43m of core length and 11.58 g/t Au over 2.02m.
 
Geology of the Needle Lake Project
The property is host to a banded iron formation similar in geology to the past producing Lupin Gold Mine. The property contains more than a dozen, historical, untested gold occurrences greater than 10 g/t Au.
 
Exploration and drilling
8/28/2008Commence Drilling at Needle Gold Property
Discoveries and Drilling Results
3/31/2008Reports New High-Grade Surface Occurrences from the Needle G...
Data last updated on : 1/9/2008
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