The Red Lake Greenstone Belt is an accumulation of Archean age metavolcanic, metasedimentary and intrusive rocks comprising a portion of the Uchi Province of the Canadian Shield. Newman Todd property geology consists of felsic, mafic and ultramafic rocks of the Ball assemblage, and minor siliciclastic sedimentary and felsic to intermediate volcanic rocks of the Slate Bay assemblage. All rock types have been influenced by folding and thrust faulting generated during two phases of regional deformation.
Significant gold mineralization on the claim group is associated with quartz veining in silicified and iron-carbonate altered breccia zones, sulphidized iron-formation and altered felsic and mafic rocks adjacent to ultramafic units.
The Newman Todd property is owned by Redstar Gold, who completed 4643m of drilling in 17 holes during 2005-2008. Sixteen of these holes intersected wide zones of quartz-carbonate breccia with anomalous to locally high-grade gold mineralization, including up to 69.02 g/t Au over 1.0m, within a 3.0m interval grading 24.89 g/t Au. Redstar has traced the breccia corridor on surface for approximately 2000m along strike and with drilling to a depth of approximately 300m.
Central Resources optioned the property in November 2009 and has since drilled 10 holes totaling roughly 4250m. Highlights of those results include 23.5 g/t Au over 1.0m within 30.5m of 1.85 g/t Au, and 45.3 g/t Au over 0.35m within 4m of 4.4 g/t Au.
Drilling to date at Newman Todd has intersected multiple zones of gold mineralization within a structural corridor which remains only partially tested. The company is currently reviewing results to refine targeting for a possible winter drill program.
