Preview SW Gold Deposit 2023 Historical Mineral Resource Estimate
The Preview SW Deposit hosts an Historical Indicated Mineral Resource of 5,457,000 tonnes grading 1.56 g/t Au containing 273,000 ounces of gold and an Historical Inferred Mineral Resource of 5,852,000 tonnes grading 1.40 g/t Au, containing 263,000 ounces of gold at a 0.4 g/t cut-off. (Louis F. Fourie, et al.,Technical Report on the 2023 Historical Mineral Resource Update for the Preview SW Project, La Ronge Gold Belt, Saskatchewan, Canada; Effective date March 3, 2022).
The Preview SW Deposit is located approximately 75 km northeast of La Ronge and is accessible via Highway 102 and a maintained local trail. It spans three dispositions covering 843 hectares.
Infrastructure: Powerlines are nearby, extending from the Contact Lake Deposit. The community of Missinipi is located about 30 km north of the deposit.
Recent Drill Programs: Recent drill programs in 2017, 2018 and 2022 tested the continuity of gold mineralization along strike and down-dip in addition to discovering new gold zones and expanding the historical mineral resource. The Preview SW Deposit offers significant growth and discovery potential.
Upcoming Drill Programs: Once the 2025 drilling activities are completed at the Contact Lake Deposit, the Company will then move to the Preview SW deposit area where approximately 1,200m are planned. Further details on the upcoming drill campaign are forthcoming.
Updated Historical Mineral Resource Estimate (2022):
- Indicated Resource: 5.46 MT @ 1.56 g/t Au (273,000 oz).
- Inferred Resource: 5.85 MT @ 1.40 g/t Au (263,000 oz).
This updated Historical Mineral Resource Estimate (2022) added > 100,000 ounces of Historical Indicated Resource through tighter drill spacing and, strategic testing of the down-dip continuity of the gold mineralization.
Deposit Information:
- First staked in 1937 and subsequently acquired by Preview Mines Ltd. in 1938 (Livingstone & Christian, 2017).
- Ownership evolved through Studer Mines Ltd., Westfield Minerals Ltd., and Cameco Corporation (1979-2004).
- La Ronge Gold Corp. (later Select Sands Corp.) acquired the property in 2011, releasing a resource estimate in 2012.
- Comstock Metals Ltd. acquired the Preview SW claims in 2016, releasing an updated resource estimate.
- MAS Gold Corp. reached an agreement to acquire the claims in 2022, with the sale finalized in March 2022.
Key Deposit Features:
- Multiple sub-parallel, northeast-trending shear zones (1-10 m wide) host auriferous quartz veins that are persistent at depth. Dilatant structures within these shear zones are directly related to gold mineralization (Simpson, 2016).
- Gold mineralization is associated with various sulfides including arsenopyrite, pyrite, and pyrrhotite.
Preview SW Project Gallery
