MAYO LAKE MINERALS INC.
ANNUAL & SPECIAL MEETING 2020 AUGUST 24, 2021
Mayo Lake Executive Summary, New, Under Preparation
Mayo Lake Files Preliminary Prospectus For Initial Public Offering
July 14, 2021
Mayo Lake Minerals and Metallic Minerals Expand Extent of High-Grade Keno Style Mineralization
March 9, 2021
Drill Program Reveals Ideal Stratigraphy and
Key Structures to Host Silver Deposits at Carlin-Roop
February 4, 2021
DIAMOND DRILLING PLANNED ON HIGH GRADE SILVER PROSPECT AT CARLIN-ROOP, KENO HILL SILVER CAMP FOLLOWING DISCOVERY OF TWO KHS SILVER OCCURENCES, IN 2021.
Mayo Lake Minerals Inc.
Mayo Lake Minerals Inc. (MAYO) is a private Ontario-based company that owns a 100 per cent interest in five claim blocks, presently consisting of 1139 quartz claims, in the Mayo Mining District of the Yukon. These claim groups all lie within the Tombstone Plutonic Belt of the Tintina Gold Belt (Figure 1). In 2019, it became apparent that the Carlin-Roop Silver Property boasted the highest prospectivity for high-grade Keno Hill Style Mineralization. The ore in the Keno Hill Silver District consists of high-grade Keno Hill Style Mineralization.
MAYO acquired its claim groups in 2011 because of:
- previously overlooked analytical results of stream sediment, and overlooked assays of heavy mineral samples for gold, which were reported by the Geological Survey of Canada in the Mayo Lake-Keno Hill area in the 1960s; and
- unexplored terrain in an area characterized by placer mining, around Mayo Lake,
- favourable geology for gold and silver deposits within the Tombstone Plutonic Belt in the Mayo Lake area with structural elements, alteration patterns and intrusives favourable for gold and silver deposits.
Figure 1. Mayo Lake Minerals properties in the highly prospective
plutonic belt, Yukon
In spite of MAYO’s exploration was limited by funding between 2012 and 2016, it did receive positive results from its early geochemical and geophysical surveys and used these results to direct further exploration: detailed geochemical grid surveys, ground geophysics, limited trenching and scout drilling. Scout drilling in 2017 on the Anderson-Davidson claim group allowed Mayo to confirm a 10 kilometer-long gold trend.
Beginning in 2019, the high prospectivity of the Carlin-Roop property for silver was realized from the presence of a very anomalous, 600m plus long soil anomaly related to structural elements common to the Keno Hill Silver District. Shallow IP and a limited 2 hole diamond drill program of 205m identified Keno Hill Silver Mineralization in two zones, confirming its potential for ore-grade silver deposits (Figure 2).
Figure 2. Keno Hill District showing Alexco Resources’ mines, Metallic Minerals’ holdings and prospects and MAYO’s Carlin-Roop and prospect.
Soil sampling, geophysics and the presence of an intrusive at Trail-Minto indicates the potential for a deposit similar to that at Victoria Gold’s Eagle Mine. A broad 2 km by 3 km magnetic low with associated gold and base metal anomalies points to a significant subsurface multi-element subsurface deposit (s) at Edmonton. Gold in soil anomalies at Cascade are present in a tectonized and over thickened rock sequence.
All of MLM’s claim groups are located close to road infrastructure, with the three largest of them directly accessible by road. The nearby Wareham Dam has the potential to increase capacity to power more nearby projects.