Corner Lake
Project Overview
The Corner Lake deposit is a high-grade narrow vein ore body that could also be mined as a higher-tonnage but lower grade deposit. It features known shallow zones and deeper portions of higher grade material. Corner Lake is 100% owned by Matrixset Investment Group, and is located within the Oven Lake Property of the Waddy Lake district in Northern Saskatchewan, approximately 145km by air Northeast of La Ronge and 5km West of Upper Waddy Lake. It encompasses 2,447 hectares. The Indicated resource estimate for the Corner Lake deposit is 624,400 tonnes grading 1.48g/t gold, and Inferred resource estimate is 617,050 tonnes at 1.06g/t.
Below is a summary of the results of the current Resource Estimate update for the Corner Lake Gold Deposit.
| Mining Method | Cut g/t Au | Indicated | M + I | Inferred | |||
| Tonnes | Grade g/t | Au Ounces | Tonnes | Grade g/t | Au Ounces | ||
| Open Pit | 0.30 | 602,700 | 1.40 | 27,206 | 613,200 | 1.04 | 20,563 |
| Underground | 2.80 | 21,700 | 3.57 | 2,493 | 3,850 | 3.79 | 469 |
| Total | 624,400 | 1.48 | 29,698 | 617,050 | 1.06 | 21,032 | |
Commodity: Gold
Ownership: 100%
Location: Northern Saskatchewan
Infrastructure: Paved Highway, Pave Haulage Road, Nearby Power Station, Nearby Local Communities
Property Size: 7750Ha
Total Explored Area: 30Ha
Deposit Type: Shear-hosted, mesothermal gold deposit
Drilling: 76 holes ( 12,038m)
Technical Report: Corner Lake 2021 Report (Resource Estimate)