Hickey’s Pond is a gold showing within the Burin Gold Project, a Neoproterozoic high-sulphidation gold system located on the Burin Peninsula, Newfoundland. It is host to a folded, zoned alteration system exposed over 250 m with newly demonstrated significant grades and widths. The zone is located within a large north-east trending >10 km alteration system that has received limited historical exploration. Hickey’s Pond is the only prospect to have been drill-tested in the district, and only with 8 holes (1983 & 1990) over a few hundred metres of strike length.
In April 2018, Bonavista Resources staked 356 km2 and optioned 20 km2 to become a controlling entity on the Burin Peninsula. The company owns a large landholding totaling 636 claims (15,900 ha), 70 claims of which are under option from a local prospector. Bonavista has an option to acquire 100% subject to NSR and cash payment of $100,000.
In follow up of historical grab sampling that returned up to 58 g/t Au. Bonavista sawed 52 linear metres of 1 m channel samples; large volume samples (~HQ core equivalent) and discovered high-grade mineralisation over significant widths (20.0 m at 9.34 g/t Au in channels).
A ‘proof-of-concept’ 75 m diamond drill hole was drilled in late February and early March 2020. 52 m of 0.68 g/t Au mineralisation was intersected from 16.00 to 68.00 m downhole, with best sub-intervals of 10.19 m at 1.63 g/t Au and 4.64 m of 1.5 g/t Au.
A 1,000 m program was started in early September 2020 to discover and delineate the mineralised alteration system from surface to over 250 m. This program is part of a larger ~5,000 m methodical grid-based drill pattern designed to test the bulk of the chargeability anomaly interpreted as representing alteration associated with mineralisation.