Heikki Project / Hemlo East - 12,460 HA
- Large brownfields exploration opportunity in Ontario’s youngest gold bearing greenstone belt;
- geologically similar to the known Hemlo gold deposits;
- excellent infrastructure and access;
- limited historical exploration and;
- no recent exploration utilizing modern geophysical methods.
The Company’s Heikki Property consists of 34 contiguous claims totaling 7250 hectares, abutting Barrick’s Hemlo Operation to the north. The property saw limited exploration during the initial exploration of the HGB due to poor outcrop exposure. Geologically, the Hemlo deposits are interpreted to occur within the southern limb of an E-W trending syncline. The northern limb of the syncline lies within the Heikki Property, making this a highly attractive exploration property as it features rocks of similar composition, structural complexity and age to those hosting the known gold deposits.
Golden Peak believes that the Hemlo Greenstone Belt is highly prospective ground with the potential to host additional deposits similar to the complex Hemlo gold deposits as well as offering excellent potential to host Volcanogenic Massive Sulphide (“VMS”) deposits and other mineralized systems commonly found in structurally complex greenstone belts elsewhere.
In H2 - 2017, the Company received the results of an airborne VTEM survey of the Heikki Property. Two broad shallow anomalies were identified in the western hald of the claim block. In addition, the airborne survey identified a "bulls eye" anomaly in the northwestern portion of the claim block. This anomaly has a radius of 250 meters and the airborne response indicates a strong response to a depth of over 600 meters. The anomaly occurs in metasedimentary rocks along the western edge of the Cedar Lake pluton, a setting similar to that hosting the world class Hemlo deposits located 7.5kms to the south.
2017 Airborne geophysics identified three prospective targets in the Heikki claim block.