First Energy holds an option to acquire a 100% interest in the Scramble Mine Gold Property, located approximately 8 kms east of the town of Kenora in Northwestern Ontario.
The Scramble Mine gold property is comprised of six mining claims covering approximately 140 hectares land and encompasses a gold mine originally discovered in 1894 .The mine area remained essentially dormant until 1984 when Boise Cascade Canada Ltd. commenced an evaluation of the property and since 1984, approximately 5,200 meters of diamond drilling, 250 meters of surface stripping with sampling and 450 meters of underground development have taken place.
Rock cut displaying sheared rock with gold bearing pyrite
Pyrite-gold enriched volcanic units and veins extend over 550m on surface and previous drilling extended the mineralization to 915 meters of strike length and to a depth of 366 to 475m.
An historical resource at the Property contained a total of 150,000 tons of mineralized rock at an average grade at 6.8 grams/ton gold using a cutoff grade of 1.42 g/t. First Energy plans to advance the project utilizing trenching, drilling and geophysical surveys. The Company believe that the mineralized envelope extends further from the previous limited drilling and seeks to better define areas of higher-grade gold as previous work reported values of up to 259 grams/ton Au.
Highlights of 2020 Sampling Work
The Company completed prospecting and sampling programs in 2020 indicating potential of the Property for further work. The results of August 2020 sampling work show:
- Average value of gold in surface samples is 29.34 grams per tonne (1.03 ounces per tonne).
- Gold assays ranged from 5.03 grams per tonne (0.18 oz/t) to 82.30 (2.90 oz /t) with two samples assayed over 2 oz/t.
- All samples assayed over 5 grams per tonne gold.
Local quartz-calcite veins through sheared volcanics