La Ronge Gold Corp. - Gold and Mineral Exploration in Canada

           

Greywacke Project

Project Description:

The project contains 6,415 hectares, which cover a defined 33 km long, highly-prospective gold-bearing structural / stratigraphic horizon known as to as the "Wacke Gold Trend". The Greywacke gold trend, along with more than one hundred gold showings, 12 gold deposits, and 4 producing mines, is located in the La Ronge Gold belt in Northern Saskatchewan. Companies involved in exploration in this productive belt included Placer Dome, Cameco, Shore Gold, Cominco and neighbouring Golden Band Resource, which recently commenced commercial gold production. The project is contiguous along trend of the Golden Band Resources / Masuparia Gold Greywacke project, which has returned the following values in various drill holes:

Golden Band Resources / Masuparia Greywacke Project Drilling Results
Grams per tonne Gold (g/t Au)	Length of Interception - Metres (m)
8.3 g/t Au	26.64 m
9.14 g/t Au	19.84 m
23.98 g/t Au	6.31 m
18.03 g/t Au	5.29 m
18.93 g/t Au	4.89 m

Geological Setting:

Greywacke gold deposit, along with more than one hundred gold showings, 12 gold deposits, and 4 producing mines, is situated at the contact between two regional lithological domains mapped by the Saskatchewan Geological Survey named the McLennan Arkose and the McLean Gneiss complexes. The Cuchon Bay and Stewart River projects are located to the north and south of and along trend from the Greywacke Project. Cameco discovered the Greywacke deposit in 1988 during regional prospecting and litho-geochem sampling. The discovery outcrop returned a channel sample grading 31 grams/tonne gold (0.9 ounces per ton) over 7.5m. At the Greywacke deposit gold occurs as fine native gold grains within a complex and variable sequence of sediments (arenites) and volcanic tuffs in association with minor sulphides and spalerite/gaunite minerals.

The Greywacke trend lithologies average between 100m and 200m in width and have a regional strike extent of greater than 50kms. Previous geological reconnaissance work on the current claims area defined anomalous gold values up to 18.8 grams/ton Au with anomalous zinc values within a greywacke host-rock setting. The Geological Survey of Canada studied the deposit in detail (1994) and placed it in the 22M oz. Hemlo style of gold deposit settings. The Greywacke gold setting is also very strongly comparable in its geological and structural characteristics with GoldCorp's 9M oz. Eleonore deposit in Quebec. LRGC's Greywacke gold trend in northern Saskatchewan was left unexplored due to the lack of recognition of this unique and high potential type of gold prospect and the significant geological model which generated the greywacke high-grade gold occurrences.

Exploration:

Very little ground work is required to initially test the trend with shallow drilling where Greywacke alteration features have been defined. Airborne survey , stripping, trenching, and geological mapping will get the drill targets ready this winter.

High infrastructure:

Highway and power line only 5 kms from property as well as a mill and a producing mine.