Canadian Orebodies | Drilling in the Shadow of Hemlo
In October of 2017, Alexander Smith and the Pinnacle crew flew to Thunder Bay, before traveling northeast to Marathon, Ontario. The purpose of the trip was to learn more about our client and featured company’s — Canadian Orebodies (CORE :TSXV) — project and the mining environment of the region.
As you may know, Marathon Ontario is known for being home to Hemlo – one of Canada’s most prolific gold discoveries. Gordon McKinnon, President and CEO of Canadian Orebodies, is the son of the late Don McKinnon – a mining legend in Canada. Don McKinnon is credited, along with his partner, for making the Hemlo discovery decades ago.
Read our report on Canadian Orebodies, titled Product of a Legendary Gold Discovery.
Canadian Orebodies Coming off Active Exploration Season
On December 13th, Gordon McKinnon, President and CEO of Canadian Orebodies, stated,
“This was a brand new zone discovered late in the field season, which only allowed for limited follow up. However, that work provided some very exciting gold values – including the highest grade sample we have collected to date on the Wire Lake Property.”
Click here to read the entire press release.
Gord McKinnon and Crew Plan to Extend Wire Lake Grid
According to Canadian Orebodies,
“The Company plans to extend the Wire Lake grid to cover over this new area and carry out an induced polarization geophysical survey. Additional prospecting and geological mapping will be conducted as soon as conditions permit next spring, with stripping and diamond drilling to follow if results continue to be favourable.”
CORE Targets Hemlo Greenstone Belt
Furthermore, Canadian Orebodies explains on its website,
“Gold was first discovered on the Wire Lake Property in 1986 and the property was explored by junior companies until 1993. Since that time the property had been dormant pending the outcome of litigation which has now been resolved. The Company’s exploration program on the property in the fall was the first in over 20 years. Previous work identified a gold-bearing zone over a 2,300 metre strike length that remains open in both directions and to depth.”
Canadian Orebodies has the right to acquire a 100% interest in 251 claim units covering approximately 4,047 hectares that are located in the Hemlo greenstone belt (the “Wire Lake Property”), under an option agreement previously announced on October 12, 2016.