About Richardson Project
The Richardson property is located along the regional Barlow fault. Despite the absence of documented gold occurrences at the time of staking in early 2016, the exploration model used by Eureka for targeting orogenic gold has been proven successful with the discovery of a mineralized felsic volcaniclastic rock containing 1.7 g/t Au (associated with disseminated sulphides) during preliminary fieldwork conducted in 2016. In addition to its gold potential, the Richardson project also includes a mafic-ultramafic intrusive complex representing a favourable setting for Ni-Cu-PGE (platinum group elements) mineralization as well as a historical intercept of 2.75% Zn over 0.6m (historical drill hole), highlighting the potential for Zn-Cu-Ag-Au volcanogenic massive sulphides (VMS) mineralization.
The project has been acquired by “Project Generation” based on several points of geological interests.
Richardson Project Overview
|LOCATION||Located 20 km NNE of Chibougamau|
2% NSR privately held (1% buybackable)
|LAND POSITION||42 mining claims covering 2,319 ha|
|EXPLORATION HIGHLIGHTS||1.7 g/t Au in a grab sample|
With the adjoining Bullion and Richardson projects, Eureka Exploration holds 16km of 100%-owned land position on an underexplored, prospective gold-bearing regional structure that has seen only 8 drill holes completed in the 1980’s. This faulted contact on the northern edge of the most northerly sedimentary basin of the Abitibi shows similarities to the Detour Lake Mine geological context.
Exploration work was completed in September 2017 on the Richardson and Bullion projects in the Chibougamau area. Two stripping programs were carried out to follow up on prospecting work and PhySpy ground geophysical surveys conducted in 2016 and summer 2017. The aim of the stripping work on the Richardson Project was to sample the pyritic contact between a gabbro and the felsic volcanosedimentary units hosting the gold showing discovered by Tarku in 2017 (1.7 g/t Au in a grab sample). The aim of the stripping work on the Bullion Project was to expose the gold mineralization encountered in a historical drill hole (2 g/t Au over 2 m; drill hole T-1, 1984; MB87-10). Although this work generated significant geological information that will be useful in upcoming work on the Richardson and Bullion projects, the analytical results did not return any economic values.
Tarku is looking for partners to advance the project to the next stage.