100% RMX
Fry Lake Gold
four exploration licenses prospective for gold, within the Meen-Dempster Greenstone Belt, Ontario, Canada
100% RMX
Fry Lake Gold Project.
Made up of four exploration licenses prospective for gold, within the Meen-Dempster Greenstone Belt (Ontario, Canada). Situated in the Uchi region, a prolific mineral belt which has produced 32Moz Au to date.
Project Overview
The Fry Lake Project is made up of four exploration licenses prospective for gold, within the Meen-Dempster Greenstone Belt (Ontario, Canada). The four 100% RMX owned properties, Flicka Lake, Fry Lake Stock, Fry-McVean Shear and Relyea Porphyry hold potential to host gold lode mineralisation based on targeting and the known deposits in the broader area.
The Fry Lake Projects are situated in the Uchi region, a prolific mineral belt which has produced 32Moz Au to date1. Located nearby is the Golden Patricia Mine, formerly operated by Barrick Gold (NYSE: GOLD) and approximately 13km North of Fry Lake. RMX has successfully entered this Tier 1 mining jurisdiction through a cost-effective strategy, with an expenditure of under CAD $9,500.
Next steps for Red Mountain
Priority structural targets have been defined prospective for gold. The first area for investigation is the 100% RMX owned Flicka Lake claims. The structural targets focus on potential host sites for gold lode mineralisation, which is known to occur in the broader area.
The targeting is based on mapped faults, shear zones, reported basement alteration of basement and extensions to known zones of interest worked by other explorers. These promising features will be sampled by rock and soil methods by the Company’s contract geologists. The Company’s contractors have confirmed their availability and alongside the Red Mountain Mining team, are finalising the field program.