Midas
The Midas property lies along a favourable contact zone, south of the Del Norte property of Teuton Resources which hosts the high-grade gold and silver bearing "LG" vein along the same horizon. Two prominent airborne VTEM anomalies remain to be tested on this property.
Property Overview
The Midas property features two prominent airborne VTEM anomalies that remain untested. Located along a favorable contact zone south of Teuton's Del Norte property, which hosts the high-grade LG vein.
Exploration History
Limited historical work with recent airborne geophysics identifying key targets.
Recent Developments
VTEM survey has identified high-priority drill targets.
Exploration Potential
Excellent potential for discovery with first-pass drilling of geophysical anomalies.
Geological Setting
Understanding the geology that drives mineralization potential
Geological Summary
The property covers a critical geological contact between Hazelton Group volcanics and Bowser Lake Group sediments, a setting known to host significant mineralization in the region.
Mineralization
- VTEM conductors indicate potential massive sulfide
- Contact-related mineralization potential
- Similar geological setting to LG vein
- Multiple untested geophysical targets
Alteration
- Regional propylitic alteration
- Contact metamorphism
- Hydrothermal alteration zones
Structural Controls
- Major geological contact zone
- Cross-cutting structures
- Favorable structural preparation for mineralization
Key Highlights
What makes this property exceptional
Untested VTEM Anomalies
Two prominent conductors identified by airborne survey
Strategic Location
Adjacent to high-grade LG vein discovery
Favorable Geology
Located along critical geological contact