Canadian Silver Hunter Inc. (TSXV-AGH) is a Canadian mineral exploration company focused on silver and gold exploration on their three properties; the Silver Centre-Keeley Frontier Mines, located near Cobalt in Northern Ontario; the Lost Dog property, located in West Timmins, Northern Ontario; and the Lac Lachance property, located near Lebel-sur-Quevillon in the Windfall Lake area of Northern Quebec.
The Silver Centre – Keeley & Frontier Mines, Cobalt, Ontario
The Silver Centre-Keeley Frontier property includes the prolific past producing Keeley and Frontier silver mines, the Veinlode Silver Mines property, and other strategic prospective mineral claims in and around the Silver Centre Camp. The property is approximately 3,100 hectares in size and is located in the Larder Lake Mining Division, just outside of the town of Cobalt, Ontario.
Historical Information
· The Keeley and Frontier mines combined to produce over 19 million ounces of silver and 3.3 million pounds of cobalt.
· Average grade of 58.0 ounces per tonne of silver, from 332,000 tonnes of ore; representing over 80% of the silver produced from the Silver Centre camp.
· The Cobalt camp was primarily mined for silver from 1904 to 1989, with peak production occurring from 1919 to 1931. Over 600 million ounces of silver and 50 million pounds of cobalt were produced from approximately 104 different mining operations.
Recent Highlights
2018 Diamond Drilling program;
· 785 grams per tonne silver over 1.3 metres at Keeley South;
· 106 grams per tonne silver over 13.7 metres at Keeley.
“new zones of silver mineralization were also intersected outside of the historic Frontier and Keeley mines, which produced over 19 million ounces of silver. New veins 200 metres west of the Keeley mine were discovered at an area known as Keeley South, which was not followed down dip to where vein systems are typically better developed. Near the margins of the Keeley mine workings, a series of small veins and fractures contains silver that were not mined”.
*2020-08-06 press release.
2012 Diamond Drilling program;
· DDH CSH12-03 returned significant silver values in a new structure between 111.0 and 122.3 metres downhole, including the following screen metallic assays:
· 168.22 grams Ag /tonne over 4.2 metres; including 1517.0 grams Ag/tonne over 0.3 metres, and 479 grams Ag /tonne over 0.4 metres.
· DDH CSH12-04, 12-05, and 12-06 all intersected a known silver-bearing structure that is at the western limit of the mined area and has significant exploration potential remaining.
The best intersection was a composite silver value of 398.42 g/tonne over 1.9 metres.
Prospecting, Surface & tailings; Power stripping, washing and channel sampling on a potentially new structure at Gibson Lake, near Frontier Mine discovered by prospecting;
· silver values ranging from 0.4g/t to190g/t with only seven samples assaying below 1.0g/t
· The average length weighted composite for all 77 channel samples taken was 11.33 g/t Ag. (also 0.12% Pb, 0.14% Zn and 0.12% Cu.).
· Sampling of the old tailings returned silver values between 74.8 g/tonne and 404 g/tonne; higher grade assays returned from the deeper samples.
The Lost Dog property, Timmins, Ontario
The Lost Dog property consists of 52 contiguous mining claim units covering close to 3000 hectares, and is located in Denton Township, approximately 25 kilometres south-west of the city of Timmins, and 12 km west of Pan American Silver’s Timmins Mine, in the Porcupine Mining Division of Northern Ontario.
Recent Highlights
The Lost Dog Property has had considerable exploration work completed to date which includes line-cutting, various surface work, sampling, and most notably the Induced Polarization (IP), and Very Low Frequency (VLF) surveys, performed by Exsics Exploration. The IP report findings outlined that the program was successful in locating a major fault structure, with significant cross cutting structures running through the middle of the property.
Excerpt from the “Geophysical Report on the Lost Dog property, Denton Township, Porcupine Mining Division”; J.C. Grant, CET, FGAC – Exsics Exploration Ltd (September 2011), page 10;
Conclusions and Recommendation;
“The ground program completed across the entire claim block was successful in locating and outlining a major fault structure that cuts across the entire grid and continues off the grid in both directions. This fault was quite recognizable in the magnetic survey as it has truncated and or off-set the swarm of dikes that strike north-northwest across the grid area. The magnetics also outlined significant cross structures which may represent the parallel and cross cutting fault zones that are either emanating from the main fault and or have cross cut it and off set it as well. There is a good IP trend generally paralleling this main cross fault and it should be followed up further. Also, any and all potential IP anomalies that lie at the junction of the main fault and any cross-cutting faults should also be followed up thoroughly.
A follow up of detailed geology and geochemical surveys should be considered before drilling to either define the source of the shallower zones in out crops or to prioritize the targets outlined in the IP survey. Soil sampling has proven to be a good and cheap yet reliable follow up tool to help in defining good drill targets over the IP zones.
If any of the targets are to be drill tested and these holes return favourable results and or encouraging results, then any and all of the IP trends would have to be re-evaluated”
As of January 20, 2021 the Company has completed the soil sampling program and is awaiting assay results.
Lac Lachance property, Windfall Lake area, Quebec
The Company holds a total of 128 mining claims representing just over 7,200 hectares, 75 kms west of the town of Lebel-sur-Quevillon, in the Windfall Lake area of Northern Quebec.
The Lac Lachance property covers numerous electromagnetic anomalies associated with east-west trending fault zones on the northern limit of the Urban-Barry volcanic belt that hosts numerous gold deposits, including the Osisko Mining Inc., Windfall Lake Gold Deposit.
The mineral resource defined by Osisko comprises 2,382,000 tonnes at 7.85 g/t Au (601,000 ounces)* in the indicated mineral resource category and 10,605,000 tonnes at 6.70 g/t Au (2,284,000 ounces)* in the inferred mineral resource category. (www.Osiskomining.com)
*2018: Technical Report and Mineral Resource Estimate for the Windfall Lake Project, Windfall Lake and Urban-Barry Properties; Prepared for Osisko Mining Inc.; J. St-Laurent, S. Faure, J. Torrealba; 339 pages.
Recent work by Osisko in the vicinity of the Lachance North claim group has indicated gold mineralization detected by diamond drilling associated with conductive sulphide zones. A 2018 Osisko report stated that drill hole OSK-UB-18-092 “intersected 0.71 g/t Au over 1 metre. This grade is hosted in a massive sulphide zone within a strongly silicified unit of intermediate composition. Other anomalous gold values were intersected, ranging from 0.11 to 0.48 g/t Au, associated to other massive pyrrhotite-pyrite zones, often located at their contacts”. (GM70939, Quebec Assessment Files)
Osisko drill hole OSK-UB-18-092 is located within a kilometer south of Canadian Silver Hunter’s claims, which are also located on strike, both east and west of the Osisko drill hole.
The geological conditions that hosted gold mineralization on the Osisko property also exist on Canadian Silver Hunter’s claims. In 1992, Noranda Exploration drilled three holes on ground now covered by Canadian Silver Hunter’s claims. All three holes intersected sulphide mineralization hosted by intermediate to felsic tuffaceous rocks including one that intersected 0.38% zinc over 3.1 meters. The other two holes were drilled in close proximity to each other and intersected 20% pyrrhotite and trace chalcopyrite over widths of 4.2m and 5.2m respectively. (GM51713 Quebec Assessment Files)
Basic geophysical work including a total magnetic field survey and an electromagnetic
field EM-VLF survey carried out on selected areas of the property was successful in mapping the presence of numerous occurrences of sulphide mineralization in the bedrock near surface.
For more information about the Company's projects and plans please visit the Canadian Silver Hunter Inc. website at www.canadiansilverhunter.ca
Canadian Silver Hunter Inc. is a publicly traded company listed on the TSXV under the ticker symbol AGH.H. If you are a U.S resident and would like to purchase Canadian securities traded on the TSXV or CSE please open an account at Interactive Brokers (Phone #1-877-442-2757 ) Interactive Brokers is an online discount brokerage that offers U.S residents access to trading Canadian securities. Interactive Brokers Group affiliates provide automated trade execution and custody of securities, commodities and foreign exchange around the clock on over 135 markets in numerous countries and currencies from a single Integrated Investment Account to customers worldwide. This is not investment advice. Please view the disclaimer found on this website.
