PROJECTS

lone peak

wapawekka

ennis lake

peter lake

red lake

south monitor

ralston valley

shulin lake

Wapawekka West and Wert Lake Projects

In the vicinity of the Wapawekka Lake near La Ronge in central Saskatchewan Golconda Resources has two exploration projects.  The company staked over 13,000 hectares of mineral dispositions for its Wert Lake Project and its Wapawekka West Project.  The company drilled a total of 15 exploration diamond drill holes through the overlying Phanerozoic sediments into mafic units with a strong magnetic geophysical signature and identified a new VHMS-district, which is most likely geologically linked to the Flin Flon Belt.

Deposit type

Golconda's two projects are focusing on volcanic hosted massive sulphide (VHMS)-deposits in the central Glennie domain. The geology, company observations and work by the Geological Survey of Saskatchewan indicates that this structural domain is linked to the Flin-Flon Belt, were numerous massive sulphide deposits are being exploited over the last 50 years.

Exploration Success on the Wert Lake Project

After a detailed magnetic ground survey Golconda drilled six helicopter supported exploration holes on their eastern Wapawekka Project (Wert Lake). Three holes intersected at least two large massive sulphide lenses. The position of the holes in combination with the ground survey suggests a strike length of over 1100 m.  An apparent thickness of more than 70 m of VHMS was intersected. Massive pyrite and pyrrhotite were the dominating sulphides. The assay results gave an average of 0.1 % Cu and 0.3 % Zn and elevated gold and silver values. The geology of this volcanic hosted massive sulphide occurrence and its geochemistry is very similar to other well-known VHMS deposits. This type of deposit occurs in clusters of massive sulphide bodies. The average massive sulphide camp in Canada has about nine deposits. The future exploration program will identify the center of the initially drilled massive (precious metal containing) sulphides and additional VHMS occurrences on Golconda’s property.  

Core samples from 60 m massive sulphides intersection.

Wapawekka West

Previously to the Wert Lake Project 8 exploration holes were drilled on the neighbouring Wapawekka West project. A total of 1850 m was drilled into the mafic basement. Assay results of some of the intersections returned 1.7 % Cu with 189 ppb Au  over 1m interval, another one had 1.2% Cu and elevated gold values. This primary mineralization is hosted in ultramafic sills, which are most likely offshoots of a main source.

Future Exploration

It is well known that VHMS deposits occur in clusters (mining districts). Therefore, it can be expected that additional massive sulphide mineralization will exist on Golconda’s Wapawekka property. Golconda’s initial exploration success of identifying a new VHMS-district will be continued by a closely spaced airborne survey followed by a drilling program during 2004.