lonestar gold inc. searching for gold in canada´s yukon territory
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LONESTAR GOLD INC. Searching for Gold in Canada´s Yukon Territory. Lonestar Gold Inc is a private Company set to be listed on the TSX Venture Exchange. Management : Brings a combined experience of over 70 years in the exploration mining industry. - PowerPoint PPT PresentationTRANSCRIPT
LONESTAR GOLD INC.
Searching for Gold in Canada´s Yukon Territory
ELDORADO PROJECT
Lonestar Gold Inc is a private Company set to be
listed on the TSX Venture Exchange.
Management: Brings a combined experience of
over 70 years in the exploration mining industry.
Share Structure: 5 million shares issued including
4 million towards property payment.
ELDORADO PROJECT
The Asset: The Company recently acquired the Option to
earn a 100% interest in the 710 registered Quartz Claims
and Crown Grants that make up the Eldorado Bonanza
Quartz Claim Project, located in the Klondike, Yukon.
Lonestar Gold is the exclusive operator of the
Project.
Target: To exercise the full option and proof up a
multimillion ounce gold deposit at a cash cost of less than
$100 per ounce over a 3 years exploration period.
ELDORADO PROJECT
The Option
Lonestar Gold earns a 50% interest by investing
$2,750,000 towards exploration as a minimum work
requirement and issues shares equivalent in number to
the common shares of Lonestar issued to obtain the
funding necessary to finance the expenditures for the
minimum work requirement.
.
ELDORADO PROJECT
Lonestar has the option to earn an additional 25%
interest by completing up to $22 million in work
commitments to produce a Bankable Feasibility
Study and issue shares equivalent in number to the
common shares of Lonestar issued to obtain the funding
necessary to finance the expenditures for the minimum
work commitments.
ELDORADO PROJECT
Lonestar, at its discretion, may increase its position to a
full 100% interest in the property by paying $40 per
ounce based on the measured and proven ounces
confirmed in the bankable feasibility study.
Should Lonestar Gold choose not to extend beyond the
initial 50% it may activate a joint venture with the
Optionor in which Lonestar remains the Operator of the
project.
THE YUKON TERRITORYCanada´s Yukon has attracted Gold Seekers
and Prospectors since the mid 1800´s.
As of today the Yukon Territory is still one of the
most prospective areas for minerals in the world.
Its riches have been protected by its rugged
landscape and ferocious climate until a
combination of modern transport and positive
market conditions are slowly lifting the veil.ELDORADO PROJECT
ELDORADO PROJECT
Mineral claims staked, 1982-2010.
80,000 new Mineral Claims recorded in the Yukon in 2010
ELDORADO PROJECT
Mineral claims in good standing, 1982-2010.
By the end of 2010 there were over 160,000 mineral claims registered in
the Yukon
ELDORADO PROJECT
Mineral exploration in Canada's Yukon in 2010
remained strong. Exploration expenditures were
estimated to be $160 million. Several advanced
exploration projects returned significant drill results,
highlighting the under-explored potential of these
properties even at an advanced stage of exploration.
Exploration expenditures in Yukon, 1982 to 2010
The Klondike Gold Fields hosted some of the highest
concentration of gold per area in the world. Over 100 years
of exploration and mining suggest that the gold produced
from the placers came from local sources.
The traditional core of the Klondike Gold Fields are the
creeks and tributaries of Eldorado, Bonanza, Hunker,
Dominion and Quartz. They are among the richest placer
creeks in history.
The source of their enrichment has never been discovered.ELDORADO PROJECT
Klondike Gold Fields
Eldorado Creek is one of the richest creeks in the
Klondike district and produced by 1905 over 25 million
Dollars in gold at $15 per ounce over an area of
approximately 3 miles of placer claims. At current gold
prices this adds up to approximately $2.5 Billion.
Eldorado Creek continues to host mining activity to
this day.
ELDORADO PROJECT
Eldorado Creek
Bonanza Creek
ELDORADO PROJECT
Bonanza Creek, much like Eldorado Creek was one
of the richest creeks in the Klondike Gold Fields.
Individual Creek Claims yielded over
30,000 ounces of gold. Upper Bonanza Creek
Gravels alone are reported to have produced
approximately 1,000,000 ounces between Victoria
Gulch and Grand Forks.
Bonanza Creek is currently being mined for Placer
Gold.
LONESTAR GOLD INC.
EXPLORING & DEVELOPINGTHE
ELDORADO / BONANZA
PROJECT
ELDORADO PROJECT
Lonestar has an exclusive option to acquire up to
100% of the 710 quartz mineral claims and Crown
Grants making up the Eldorado / Bonanza Quartz
Claim Group.
ELDORADO PROJECT
Lonestar Gold Inc. Is the Operator of the Eldorado / Bonanza Quartz Claim Project.
LONESTAR `S ELDORADO / BONANZA
Quartz Claim Group
ELDORADO PROJECT
Lonestar´s Eldorado-Bonanza Project covers key areas
over the drainages of Eldorado Creek, Bonanza Creek
and Hunker Creek.
A network of nearly 100 km of roads and trails facilitate
exploration drilling, trenching and sampling .
The Lonestar property is fully permitted for exploration
This Project holds the promise in providing the key to
unlocking the secret origin of the Klondike Gold Field
Riches.
ELDORADO PROJECT
A network of nearly 100 km of roads and trails
facilitate exploration drilling, trenching and
sampling.
The Lonestar property is fully permitted for
exploration.
ELDORADO PROJECT
ELDORADO PROJECT
Lonestar Gold Inc. explores to find the origin of the
gold which supported the gold rush of 1898, and
the Yukon economy ever since.
Lonestar will continue to build on the vast amount of
data it has collected from historic and recent
exploration efforts to advance its Eldorado Bonanza
Quartz Project to feasibility.
Lonestar Property location in the centre of the current gold rush
ELDORADO PROJECT
ELDORADO PROJECT
RICHEST KLONDIKE GOLD FIELD PLACER
Lonestar Gold Inc.Eldorado / Bonanza Project Area
ELDORADO PROJECT
Over $18,000,000 has been invested in exploration
between 1985 and 2007. Recent expenditures
totalling over $10,000,000 between 2003 and 2007
have produced a significant amount of data
including some of the following highlights:
ELDORADO PROJECT
Eldorado / Bonanza Quartz ProjectIdentified Zones of Mineralization
ELDORADO PROJECT
Eldorado / Bonanza Quartz Project:Trench working location
127 tonnes of bulk samples of gold-bearing ore were processed
ELDORADO PROJECT
Eldorado / Bonanza Quartz Project:Diamond drilling locations
45 000 feet of drilling completed
ELDORADO PROJECT
Eldorado / Bonanza Project:IP (geophysical survey) locations
ELDORADO PROJECT
Eldorado / Bonanza Quartz Project:Soil test locations (blue circles), Auger drilled locations (white squares)
ELDORADO PROJECT
Eldorado / Bonanza Quartz Project:Rock chips collected (locations)
ELDORADO PROJECT
The following mineralized zones have so far been identified within the
Project Area.
ELDORADO PROJECT
Buckland Zone
Pioneer Zone
Nugget Zone
JF Zone
Lone Star Zone
THE CREEKS AND GULCHES THAT FEED MOST OF THE OF PLACER GOLD IN TO THE KLONDIKE GOLD FIELD.
THEIR HEADWATERS ORIGINATE WITHIN THE LONESTAR PROPERTY
ELDORADO PROJECT
LONESTAR `S ELDORADO / BONANZA PROJECT
identified mineralized areas, open in all directionsClaim Group
ELDORADO PROJECT
Buckland Zone
Pioneer Zone
Parnel Zone
Lone Star Zone
7 PUP Zone
Jf Zone
0`Neil Gulch Zone
Under explored
Buckland Zone Highlights
2.06 g/gold over 21m
22.6 g/gold over 1m
1.29 g/gold over 160m
24.9 g/gold over 0.5m
ELDORADO PROJECT
Preliminary investigations confirm: Significant near surface mineralization over 450,000 M²
Pioneer Zone Drilling
1.54 g/gold over 15.24m
7.4 g/gold over 1.5m
1.48 g/gold over 1.52m
ELDORADO PROJECT
Preliminary investigations confirm a mineralized
zone of 600m by 200m (120,000 m²) open in all
directions, 455m of drilling included (2007).
Pioneer ZoneGeophysics
15km line of IP survey (2007)
200m of new trenches (2007)
Drill Target identified.
100m trench samples including
12.5 gr/gold over 6m
ELDORADO PROJECT
Nugget Zone Highlights
Three hole diamond program (2006) confirmed;HOLE nº Interval (meters) Gold (grams/tonne)
06NZ01 1.00 1.42
13.25 0.14
6.00 1.31
0.75 4.54
06NZ02 3.25 27.50
0.90 98.68
3.00 0.28
8.50 0.34
06NZ03 4.90 5.89
0.90 30.15
ELDORADO PROJECT
ELDORADO PROJECT
Chip sampling at the nugget shear zone showed
assays of
42.50 g/gold over 4m
74.03 g/gold over 2m
Nugget Zone Highlights
JF Zone.
400m x 500m soil Geological Anomaly peak values
of 291 ppb gold (1980`s)
480m of trenching including 95m of 100ppb+ gold
(1980`s)
20km line of IP geophysical survey
1km² geochemistry 299 samples (2007)
Drill targets are identifiedELDORADO PROJECT
Lone Star Zone Highlight
The Lone Star Zone has been drill tested over a strike
length of 900m with a potential strike length of over
3,500m and remains open in all directions.
Mineralization is present across widths of tens to
hundreds of meters along this length. The Zone is
open to expansion to the northwest, to the east, to the
north and particularly in depth.
ELDORADO PROJECT
Lone Star Zone
1.67 g/gold over 61.7m.
2.74 g/gold over 8.4m.
2.1 g/gold over 24m.
10.75 g/gold over 1m.
1.91 g/gold over 15.7m.
4.03 g/gold over 2.1m.
98.7 g/gold over 0.90m.
ELDORADO PROJECT
Historic Mine Tunnel
ELDORADO PROJECT
Lone Star Zone Visible Gold is a common occurrence
ELDORADO PROJECT
Previous operators released results from diamond drilling
on the Lone Star zone (primary exploration target, site of
the former producing Lone Star Mine) including;
1.67 g/gold over 61.7m
2.74 g/gold over 8.4m
2.1 g/gold over 24m
10.75 g/gold over 1m
1.91 g/gold over 15.7m
4.03 g/gold over 2.1mELDORADO PROJECT
Lone Star Zone
Recent drilling shows there is a strong
association of gold with disseminated sulphides
without quartz veins at Lone Star Ridge. The
recognition of disseminated mineralization in
Klondike Schist is encouraging and has
expanded the exploration target.
ELDORADO PROJECT
ELDORADO PROJECT
The company`s preliminary strategy
Produce a 43-101 instrument.
Increase the ounces of the inferred gold potential.
Confirm a minable resource and feasibility for a multimillion ounce deposit.
Keep cash acquisition cost for the first one-million confirmed ounces below $100 per ounce in situ.
ELDORADO PROJECT
2011 Season
The Company plans to invest $750,000 to re-evaluate all available data, produce a
43-101 report and advance the existing geological model. This work will be
complimented with targeted field work which is to include additional geophysics,
trenching, geochemistry and drilling. Work done in the 2011 season will prepare the
Lone Star Zone for a comprehensive drilling campaign in 2012.
2012 Season
$3,000,000 are budgeted for a drilling campaign to extend the mineralized zone and
increase the current 250,000 ounce inferred resource. Work in 2012 is to set the
stage for an all out drilling campaign in 2013.
Eldorado / Bonanza Project TIME LINE
ELDORADO PROJECT
2013 Season
A budget of $10,000,000 is planned to optimize inferred resources and to bring the
inferred to the confirmed and measured category.
2014 Season
Continue drilling to extend the confirmed and measured resource. Produce an
advanced 43-101 report and complete a bankable feasibility study and carry out a
mine development study.
ELDORADO PROJECT
Yukon mining exploration www.miningyukon.com
Klondike Research Proposal Prepared for: Klondike Star Mineral Corporation J.K. Mortensen, Ph.D., P. Eng. Mineral Deposit Research Unit, University of British Columbia December 30, 2005
Boge & Boge (1998) LTD.
Yukon Hardrock Mining, development and Exploration overview 2010 http://miningyukon.com/
Slide nº Exploration expenditures in Yukon, 1982 to 2010http://webcache.googleusercontent.com/
Bibliography
END
ELDORADO PROJECT