Al-Walaa Exploration Company Limited (Private search engine: PNGC) announced the completion of the initial review of its DeSantis gold property located approximately 4.5 km southwest of Timmins, Northern Ontario. Six priority targets have been identified, plus an additional target in the McEnaney block to the east, highlighting the significant exploration potential of the property.
Additionally, Loyalist has identified a series of historical progress reports from 1963 to 1964 that reference the New Hope Porcupine (DeSantis) property and include historical tonnage estimates and sample results for that property that were prepared to support the projected restart at that time. Readers are cautioned that these historical estimates are not current, have not been verified by a qualified person, and should not be relied upon; See the cautionary statement titled “Historical Documents Support DeSantis’ Additional Raw Potential” below.
Highlights of DeSantis Initial Review: Six priority targets in and around the historic DeSantis Mine workings have been identified.
Historical progress reports for 1963-1964 refer to the New Hope Porcupine (DeSantis) property and include historical tonnage estimates (not consistent with NI 43-101).
A shallow extension of the Albitite Zone (Objective 1) from the surface to the 800 foot level with the potential to add resources to the property.
The potential parallel gold zone above the albite zone (Target 4) includes a notable intersection of 25.0 g/t gold over 0.61 metres.
The depth extension of the Albitite Zone (Targets 3a 3b) has been highlighted as a high priority exploration target.
The western extension of the hydrothermal zone (target 2) is supported by historical drilling intercepts.
Notable historical intercepts include 7.54 g/t gold at 1.52 meters (Target 6) and 3.26 g/t gold at 1.25 meters (McEnany Claims). The review is based on 488 holes totaling 101,945.4 meters and 21,158 gold tests.
Six significant targets and remaining mineralization in historic workings make DeSantis an attractive exploration property with significant untapped potential along the key Destor-Porcupine corridor, commented Errol Farr, President and CEO. The next step is to conduct a more detailed review and mapping of historical works and create a summer work programme. We look forward to advancing these objectives as part of our broader Timmins and Mine Timmins acquisition strategy.”
The property is located about 4.5 km southwest of Timmins, 11 km west of Discovery Silver Dome Mine, and 14 km east of Timmins Pan American Silver Mine. It covers approximately 5 km of strike length along the northern flank of the Destour-Porcupine Deformation Zone (DPDZ), a major structure controlling gold deposits in the region. Between 1926 and 1943, the DeSantis Mine produced 35,784 ounces of gold, 3,142 ounces of silver and 193 pounds of skelite from 196,928 tons of material with an average mill head grade of 0.19 oz/t gold.
A historical non-NI 43-101 compliant resource estimate totaling 182,505 tonnes at 8.64 g/t gold has been completed across the albite and hydrothermal zones. Investors are cautioned not to rely on this historical estimate as a current mineral resource; The eligible person has not done enough work to be classified as current under NI 43-101.
The initial review of the historical database obtained by the company included the following data: 488 drill holes totaling 101,945.4 meters (surface and underground), with drilling depths ranging from 5.4 meters to 1,354 metres; 21,158 gold assays from core samples; Wireframes of historic underground mine workings; Wireframes for hydrothermal and petite areas.
Two main areas of gold mineralization at the DeSantis Mine have been historically recognized and described as follows:
Petite Zone (AZ): This altered, gold-mineralized zone is located close to a discrete mafic/ultramafic contact, approximately 260 m south of Column No. 2. The zone displays a northeasterly strike with pronounced southward dip.
Hydrothermal Zone (HZ): Spatially associated with the hydrothermal alteration zone of mafic volcanoes, it is located primarily to the west of the plume. It strikes from west to southwest and dips from -40° to -50° south. Gold values are genetically linked to scattered and relatively irregular quartz carbonate tendons, minor tourmaline, and up to 5% pyrite.
Objectives and Areas of Concern: The initial review identified six priority targets in and around the DeSantis mine, as well as an additional target in the McEnaney claims located to the east.
All drilling intercepts referenced below are historical, have been obtained from a database obtained by the Company, and have not been independently verified by a qualified person. The reported widths are downhole intervals (core length); Actual performances are unknown at this stage of review.
Target 1 is a high-priority target covering the shallow extension of the albite zone from the surface to the 800-foot level. There are no documented drill holes or underground sampling results from this area in the recently reviewed database. This lack of information is likely due to data loss over time, as underground workings clearly intersected this target area in the past. Loyalist recommends performing a thorough data search to identify any missing historical records. If this does not work, it is recommended that a small drilling program be undertaken to assess the gold potential in these upper levels of the historic underground workings.
Historic drilling west of the hydrothermal zone intersected gold values in variable mafic volcanics including 3.10 meters grading 2.68 g/t gold, 1.22 meters grading 4.47 g/t gold, 0.52 meters grading 2.26 g/t gold, 0.46 meters grading 1.37 g/t gold, 0.48 meters grading 4.45 g/t gold, 0.61 g/t gold. 1.71 grams/ton gold, 1.01 meters 1.03 grams/ton gold and 0.98 meters 1.71 grams/ton gold. Additional work is recommended to determine whether these intersections represent an extension of the Croatian region.
Objectives 3a and 3b – Alpiteite Zone Depth Extension: Historic deep drilling in the Alpiteite Zone intersects with the following significant gold values highlighting the potential for the A-Z to continue at depth: 3.00m of 5.34 g/t gold, 25.95m of 2.29g/t gold, 3.35m of 6.48g/t gold, 1.45m of 10.00g/t gold. And 2.10 meters 3.19 grams/ton of gold.
Target 4 – Potential Parallel Zone Above the Albitite Zone: While testing the albite zone, several historic drill holes intersected tight gold values that appear to define a potential zone parallel to and above the AZ. Notable intersections include 0.61 meters of 25.0 g/t gold, 7.90 meters of 1.74 g/t gold and 0.45 meters of 12.75 g/t gold.
It is recommended to collect additional data, which could lead to a training program to test the persistence and degree of goal.
Target 5 – Isolated Deep Anomaly (DS12-003A): A low-priority deep target identified by drill hole DS12-003A, which intersected anomalous gold mineralization south of the hydrothermal zone and albite zone. Testing of this target may be incorporated into a future deep drilling program targeting the depth extension of the albite zone (Targets 3a and 3b). The most notable assay results included 1.50 meters of 1.30 g/t gold, 0.80 meters of 1.66 g/t gold, and 0.84 meters of 2.48 g/t gold.
Target 6 – West Property Target: A low priority target to pursue intersecting anomalous gold values in historic drill holes on the west end of the property. Drill hole S34-008 returned a large intercept near the bottom of the hole, ensuring further exploratory follow-up returned 1.52 meters of gold grading 7.54 g/t.
McEnaney Claims Target (Eastern Property): An additional low-priority target occurs on the McEnaney Claims to the east of the DeSantis mine area. Large-scale historical drill holes intersect anomalous gold values in altered mafic volcanics, providing a basis for continued exploration. The notable intercept included 1.25 meters of 3.26 g/t gold.
Concurrent with the initial review, Loyalist identified a set of historical progress reports, filed under a Timmins T-140 filing with the Ontario Ministry of Mines and dated 1963 to 1964, that reference the DeSantis Mine (then known as New Hope Porcupine Mines Ltd.).
The reports were authored by Grant and Oja Limited (Mines and Exploration Management) on behalf of Kenilworth Mines Limited. During this period, Kenilworth Mines operated two separate properties: its own Kenilworth mine and, under a 99-year operating contract dated August 1963, the adjacent New Hope Porcupine (DeSantis) mine, located approximately 2.25 miles northwest of the Kenilworth works. Only the portions of the T-140 reports that describe the New Hope Porcupine (DeSantis) property are relevant to the current DeSantis property; Information regarding the separate Kenilworth mine is not disclosed here.
The T-140 reports include a section that specifically addresses the New Hope Porcupine (DeSantis) property. The tonnage figures reported for the New Hope Porcupine property in the November 16, 1963 report are attributed to W.R. Dunbar, who served as consulting geologist for the DeSantis Mine during its previous period of operation. Key figures from these documents relating to the New Hope Porcupine (DeSantis) property include stop zone 833-20, 800 ft level (historical estimate): approximately 108,000 tons of potential material indicated by drilling (stop 833-20 plus diamond drill holes 15, 19 and 23), reported at a grade of 0.40 oz/t Au uncut, as estimated by W. R. Dunbar and cited by W. R. Dunbar. In the report of November 16, 1963.
950-foot level (historical estimate): Approximately 157,000 tons of potential material indicated by four additional drill holes (holes 25, 36, 28 and 37) at the 950-foot level, reported at a grade of 0.40 oz/t uncut.
West of Diabase Dam (historical estimate): Approximately 265,000 tons grading 0.40 oz/t uncut were reported, located west of a prominent diabase dam on the New Hope Porcupine property.
TOTAL ABOVE 1,200 FT (HISTORICAL ESTIMATE): W. R. Dunbar estimated, in total, approximately 700,000 tons above the 1,200 foot level on the New Hope Porcupine property, as reported on November 16, 1963. No grade was disclosed in this report for a total figure exceeding 0.40 oz/ton of uncut grade reported for the 108,000 tons and 157,000 tons component. and 265,000 tons from the estimates described above.
The progress report to shareholders of 27 August 1963 notes that the DeSantis mine was closed during the war due to a shortage of available labor and a sharp rise in material costs, rather than a shortage of ore, and that after the closure its equipment was gradually restored or sold. The property was later reorganized under the name New Hope Porcupine Mines, Ltd. in the late 1950s, with additional surface diamond drilling reported in 1953. Readers should note that the 27 August 1963 document is a promotional circular issued by Kenilworth Mines Limited to its shareholders, the tonnage and grade figures attributed to WR Dunbar have not been independently verified by a qualified person, and the description of the reasons for closure reflects the views of the author of this circular.
The 1963-1964 reports predate both NI 43-101 and the CIM definition criteria. Loyalists see the T-140 reports from 1963-64 as providing useful additional historical context for the exploration potential of the New Hope Porcupine (DeSantis) property. The deep extension of the albitite zone (Targets 3a and 3b), the shallow upwelling gap (Target 1), and the potential parallel zone above the albitite zone (Target 4) identified in the current preliminary review cover portions of the property that, based on T-140 reports, were not fully tested at the time the DeSantis mine was decommissioned. The company intends to consider the historical information, along with a recent drilling database, as part of a planned detailed review and summer work program for the property.
Loyalist Exploration is currently focused on a “buy Timmins” strategy, with the recent acquisitions of the Tully gold property, the Loveland nickel/copper/gold property, the Gold Rush gold/silver property, and the DeSantis gold property, all located in the Timmins, Ontario mining district.
