ANNUAL MEETING 2016
September 28, 2017
Mayo Lake Discovers Gold System Within 10 km Anderson Gold Trend
November 1 2017
Mayo Lake Posts 43-101 Technical Report on the Mineral Potential of the
Anderson – Davidson Claim Group
The Next Gold Rush:
Mayo Lake Minerals Inc.
Mayo Lake Minerals (MLM) is a private Ontario-based company that owns a 100 per cent interest in seven claim blocks, presently consisting of 1,117 quartz claims, in the Mayo Mining District of the Yukon. These claim groups all lie within the Tombstone Plutonic Belt of the Tintina Gold Belt (TGB).
During 2010 and 2011, staking and exploration accelerated throughout the TGB, due to the realization that numerous styles of mineralization had been previously overlooked in the TGP and the large increase in the price of most metals allowing both lower-grade (<3g Au/t) high tonnage and high-grade/narrow vein type deposits to be profitably mined.
MLM acquired the claim groups because of:
- previously overlooked analytical results of stream sediment, and most importantly, overlooked assays of heavy mineral samples for gold, which were all collected and reported following the Geological Survey of Canada’s Operation Keno in the Mayo-Keno Hill area in the early 1970s.
- the location of un-staked terrain adjacent to placer operations; and
- favourable geology, including their location within a favourable mineralization belt – the Tombstone Plutonic Belt – and the proximity to structural elements within the Belt.
MLM has received positive results from its limited budget geochemical and geophysical surveys and used these results to define mineralized targets for drilling on its claim groups. On MLM’s most advanced property, the Anderson-Davidson claim group, MLM has defined a 10-kilometre-long gold trend, including drill-ready gold targets, in spite of the fact that much of the property is yet to be screened by geochemical or geological surveys.
All of MLM’s claim groups are located close to road infrastructure, with four of them directly accessible by road. The nearby Wareham Dam has the potential to increase capacity to power more nearby projects.
MLM’s claim groups share a portion of the Tombstone Plutonic Belt that contains Goldstrike’s exciting Plateau Project. Goldstrike recently entered into a C$53,000,000 strategic alliance to explore and develop the Plateau Project.
The Yukon is a mining-friendly jurisdiction ranked fifteenth by the Fraser Institute out of 109 jurisdictions globally in 2016. The Mayo area itself has a long history of placer mining and large projects such as Alexco Resource Corp.’s Keno Hill silver mines and Victoria Gold Corp.’s shovel-ready Eagle gold deposit.