The Fenn-Gib project comprises ~4,800ha, of which more than 75% is unexplored. The project is a part of the extensive and prolific Abitibi Gold Belt. Fenn-Gib is located in Canada’s leading gold mining district, next to Highway 101 and substantial local water resources.
The project is located in Guibord and Munro Townships in northeast Ontario, 80km east of Timmins. As a part of the prolific Timmins gold camp, Fenn-Gib is situated in Canada’s leading gold mining district. More than 80Moz of gold has been produced over the past 100 years.
Geology and Mineralization
Geology and Mineralization
Fenn-Gib is located in the southern portion of the Abitibi Sub-province, which is part of the Superior Province of the Canadian Shield. The province is principally composed of volcanic and sedimentary assemblages that have been metamorphosed to greenschist facies and intruded by late tectonic plutons of tonalite and trondhjemite affinity. The property is underlain by the dominantly volcanic Kidd-Munro Assemblage to the north and the dominantly sedimentary Hoyle Assemblage to the south.
Of the several styles of gold mineralization in the property area, the most common consists of quartz-carbonate veins, stringers and breccias hosted within intensely altered volcanic rocks and granitoid instructions. A second style is gold associated with intensely altered sediments with variable fine crystalline pyrite. A third style of gold mineralization is associated with alternation, shearing and sulphides.
1. Effective date: February 5, 2021.
2. All mineral resources have been estimated in accordance with Canadian Institute of Mining and Metallurgy and Petroleum (“CIM”) definitions, as required under NI 43-101. Mineral Resource Statement prepared by Garth Kirkham (Kirkham Geosystems Ltd.) in accordance with NI 43-101.
3. Mineral Resources reported demonstrate reasonable prospect of eventual economic extraction, as required under NI 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. The Mineral Resources may be materially affected by environmental, permitting, legal, marketing and other relevant issues.
4. Mineral Resources are reported at a cut-off grade of 0.35 g/t Au. Cut-off grades are based on a price of US$1,650/oz gold, and a number of operating cost and recovery assumptions, including a reasonable contingency factor.
5. Ounce (troy) = metric tonnes x grade / 31.10348. All numbers have been rounded to reflect the relative accuracy of the estimate.
6. Inferred resources
Source: Kirkham (2020)
2021 NI 43-101 Report (12.3 MB)
- 1990: Asset discovered by Pangea Goldfields
- 1994-1999: 86,000m of drilling completed
- 2000: Acquired by Barrick in takeover of Pangea Goldfields
- 2011: Maiden NI43-101 compliant resource released based on historical drilling
- 2011: Lake Shore Gold purchased Fenn-Gib from Barrick for C$60M
- 2016: Acquired by Tahoe Resources in takeover of Lake Shore Gold
- 2017: Tahoe Resources completes 37,000m drill program
- 2019: Acquired by Pan American Silver in takeover of Tahoe Resources
- 2020: Acquired by Mayfair Gold