Exploration is carried out by the operator of the option agreement: Goldseek Resources; for details on the work completed, please refer to Goldseek’s disclosures. 

Approximately 4,975 m of drilling was completed in 2021, with the best intersection returning 4.92 g/t Au over 28.65 metres.

Historically, the Beschefer area has mainly been explored for volcanogenic massive sulfide deposits similar to the Matagami camp and the Selbaie mine. 

Gold mineralization was discovered in the B-14 Zone in 1995 by Billiton Canada Inc. Limited exploration was carried out prior to the involvement of Excellon Resources from 2011 to 2013. They completed ~17,000 metres of drilling and intersected the highest gold grade intersections on the project, including 55.63 g/t Au over 5.57 m, 13.07 g/t Au over 8.75 m, and 10.28 g/t Au over 8.0 m.  The known mineralization on the B-14 Zone extends over a strike length of 500 metres and down-dip to ~600 metres. Additional known parallel mineralized shear zones have been identified in the drilling. To date, it has only been tested by wide-spaced drilling with holes 75 to 100 metres apart.

In October 2018, Wallbridge entered into an option agreement (the “Agreement”) to acquire 100% of the Beschefer property from Lateegra Gold Corp. (“Lateegra”, a wholly-owned subsidiary of Excellon Resources), in which Wallbridge could earn 100% interest by paying 7.0 million Common Shares and incurring $4.5 million in exploration expenditures over a three-year period.

Wallbridge completed its initial drill program of five drill holes for a total of 1,600 metres at the end of 2018 and assay results were announced on March 13, 2019. Mineralization typical of gold-bearing portions of the B-14 shear zone was intersected in all five holes at the expected depths demonstrating the continuity of the mineralized system within the two high-grade shoots.

In March 2020, the Company entered into an acknowledgement, release and quitclaim agreement with Lateegra whereby Lateegra agreed to deem the exercise of the option pursuant to the Beschefer  Agreement satisfied upon the issuance of 3.0 million Common Shares and 500,000 common share purchase warrants exercisable for $1.00 per Common Share and expiring five years from the date of issuance. 

The Beschefer project is located in a favorable orogenic setting 45 kilometres northeast of the Casa Berardi gold mine (Hecla Mining) and 28 kilometres southwest of the Fenelon Gold deposit. The geology of the property is predominantly intermediate to felsic volcanic rocks of the Harricana-Turgeon volcanic belt of the Brouillan volcanic complex. The main structure identified to date on the project is the northeast-southwest trending B-14 Zone, an intensely sheared deformation zone with strong sericite, ankerite, and hematite alteration containing quartz veining and pyrite. The known mineralization on the B-14 Zone extends over a strike length of 500 metres and down-dip (southeast) to a depth of nearly 600 metres. Additional known parallel mineralized shear zones have been identified in the drilling. 

Beschefer Project – Drill Results Highlights for Zone B-14

Maps & Images (click to enlarge)

Regional Overview Geology