Projects

MetalCORP owns 100% of the Keezhik Lake property which consists of 112 claims covering 1,792 hectares (4,428 acres). The property is located 100km east of Pickle Lake, Ontario and is accessible either by float plane or helicopter.

Work by MetalCORP in 2005 was designed to confirm the presence of several gold occurrences documented from a 1980's exploration program.

One gold showing on the Keezhik Lake property, called the Hansen, yielded values of 12.2 g/t Au and 8.4 g/t Au from grab samples. Additional sampling a few metres away yielded 8.6 g/t Au. The samples were described as strongly silicified and carbonatized volcanics spatially associated with an iron formation and quartz feldspar porphyry containing 5-7% finely disseminated pyrite, pyrrhotite and chalcopyrite.

A second gold showing called the KL-12 is associated with a sheared and altered quartz feldspar porphyry stock. Sampling from 2 of 4 historic gold zones on this part of the property yielded between 1.2 g/t and 16.5 g/t Au from 10 of 16 grab samples taken from this Zone. The highest grade samples often contain visible gold within quartz veinlets and veins up to 30 cm in width.

Prospecting and sampling from 60m to 550m west of the KL-12 Zone, but still within the quartz feldspar porphyry stock discovered five new, closely-spaced gold occurrences, which were labeled the String 1, 2, 3, 4, and 5, respectively, from east to west. The following gold analyses were obtained: 0.2 to 3.0 g/t Au (String 1), 0.5 to 1.9 g/t Au (String 2), 0.3 to 1.4 g/t Au (String 3), 1.7 g/t Au (String 4), and 1.0 g/t Au (String 5) and all samples were taken from quartz stringers and veinlets, and the occasional quartz vein up to 15 cm in thickness.

Sampling from the KL-18 Zone yielded values up to 14.8 g/t gold from grab samples from felsic metavolcanic rocks where there is significant brecciation and/or silicification; quartz and/or carbonate veining; and abundant microfractures.

Historical drilling and channel sampling on the property in the 1980's yielded the following significant gold zones (Ontario Geological Survey -- OFR 5926):

The Hansen gold zone is a gold bearing quartz vein associated with iron formation and a quartz-feldspar porphyry. Trace amounts of pyrite, chalcopyrite and pyrrhotite are related to the gold mineralization. Channel samples yielded the following: 23.0 g/t Au over 0.7 metres, 13.7 g/t Au over 0.5 metres and 11.7 g/t Au over 1.8 metres.

The KL-12 gold zone, which is feldspar porphyry hosted, contains hydrothermal alteration in the form of sericite, carbonate, potassium and silica with pervasive pyrite (2%) mineralization throughout. Trace amounts of molybdenite, galena, scheelite and sphalerite have been noted with specks of visible gold associated with the galena. Drilling on the KL-12 zone yielded the following assays: 12.1 g/t Au over 2.8 metres, 7.0 g/t Au over 3.5 metres and 6.0 g/t Au over 3.1 metres.

The KL-18 gold zone is hosted by brecciated and silicified felsic 'blue-grey' pyroclastics with quartz-carbonate veining. The zone is often sheared with abundant arsenopyrite, pyrite, pyrrhotite, chalcopyrite, sphalerite, galena and molybdenite. Visible gold can be found in the core. Drilling on the KL-18 yielded the following: 16.3 g/t Au over 2.0 metres.

The KL-27 gold zone is hosted by banded iron formation. Gold mineralization is associated with quartz veining in pervasive fractures with minor amounts of arsenopyrite. Drilling on the KL-27 yielded the following: 13.3 g/t Au over 1.4 metres, 13.0 g/t Au over 1.5 metres and 12.0 g/t Au over 1.5 metres.