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Sturgeon Lake Gold Property
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LocationThe Sturgeon Lake Gold Property is located in the Valora Area of the Patricia Mining Division of north-western Ontario. The claim units are located approximately 30 kilometres north of Ignace, Ontario along the southwest corner of Sturgeon Lake, adjoining the original patented claims of the past-producing Sturgeon Lake Mine itself.
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Number of Claims & Acres / Hectares5 claims for 71 claim units for approximately 2,840 acres.
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Exploration TargetGold
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Date of Acquisition via Option Agreement and/or StakingThe claims were staked in late November, 2010 and registered with the Ontario Ministry of Northern Development & Mines on December 7th, 2010. The first assessment work, for a minimum value of $28,400, will be required to be filed with the Ministry on or before December 7th, 2012.
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Ownership Interests100 % King’s Bay Gold Corporation
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OperatorKing’s Bay Gold Corporation
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Qualified Person as per National Instrument 43-101 (subject to change)Russell Crosby M.Sc., P.Geo
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InformationRegional geology for the Sturgeon Lake Property is characterized by a large quartz-feldspar porphyry intrusive into the Archean-age volcanic package which hosts the gold mineralization at the Sturgeon Lake Mine. A series of secondary shears, alteration and structural features which cut the primary geology of the area has allowed hydrothermal solutions to permeate through all the local geological units which has given rise to economic concentrations of gold. Our first priority is to prospect, sample and explore the property to determine if there are any important gold showings or occurrences in or around the peripheries of the QFP pluton structure. Given that the company is the 100 % owner of and sole operator for these claim units, it will be responsible for performing all of the required assessment work.
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