Hope Bay Gold Project - Nunavut
Hope Bay Project
The Hope Bay gold belt represents the first discovery of a major new Archean greenstone belt in Canada since the discovery of the Yellowknife belt in 1938. Over 80km long by 20km wide, the belt is held entirely by the 50-50 JV partners Hope Bay Gold Corporation and Miramar Mining Corporation. Over 4.2 million ounces of gold have been outlined as a resource through a combination of Diamond Drilling and underground developments.
The Boston deposit, located in the south portion of the belt, has been explored underground with a decline and tunnels up to 185 meters from surface, and drilled from surface to a depth of 720 meters, where it remains opened. At Boston, the gold is associated with a flexure in the Hope Bay break, and occurs within zones of intense alteration, within and around quartz-carbonate veins, and is associated with sulphides, mostly Pyrite.
The Doris deposit is located in the north part of the belt. Just 6km from tide water. Doris consists of distinct massive quartz veins with minor sulphides. Two of these veins, the Lakeshore and the Central veins, have been tested sufficiently to define a resource. These veins are laterally and vertically extensive, having been tested for more than 4km along surface, and to depths of more than 400 meters, where they remain opened.
There is a significant number of other deposits and targets identified in this 80km greenstone belt, some of which have defined resources from drill holes, as well as a number of gold and base metal anomalies both in soil and outcrops. No doubt the full potential of the belt will not be exhausted for many more years.