Forester Lake Gold Property

Property Description and Location

The Property consists of 20 staked mining claims (272 units), comprising a total area of 4,352 hectares, situated in the Neawagank Lake Area (G-2140), Kenora Mining Division (Patricia Portion), Ontario (see Figure 1). The Property is within NTS 53A/05 and 52B/08. The centre of the Property is at approximately 52° 26' North and 89° 58' West.

Figure 1: Forester Lake Project, Location Map
Figure 1: Forester Lake Project, Location Map
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Figure 2: Forester Lake Property, Claim Map
Figure 2: Forester Lake Property, Claim Map
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Terms of the Benton Resources Option Agreement

The Property was optioned from Benton Resources Inc., of Thunder Bay Ontario, on March 7, 2011.

The agreement gives Parkside the right to acquire an undivided 60% interest in and to the Property, with an option to earn up to a further 10% interest, subject to the following:
  • The payment from Parkside to Benton of a total of $50,000. $15,000 upon the date the agreement is fully executed (paid), an additional $15,000 on or before March 7, 2012 (paid), and an additional $20,000 on or before March 7, 2013;
  • The issuance to Benton of 1,000,000 shares of Parkside on the date the Option Agreement is fully executed (issued);
  • The expenditure by Parkside of a minimum of $300,000 in exploration costs on the property on or before March 7, 2014, with a minimum of $100,000 to be expended in each twelve month period;
  • The provision by Parkside to Benton with copies of all exploration data and results by December 1 of each year of the Option Agreement;
  • Parkside may acquire a further 10% interest in the Property by incurring an additional $700,000 in exploration costs within 36 months of providing notice to Benton;
  • Parkside must expend a minimum of $150,000 before terminating the Option; and
  • If the initial option terminates, Parkside will ensure the property is left in good standing with respect to assessment work for a minimum of 12 months from the termination date.
  • If prior to completion of a mine construction program and attainment of commercial production of minerals from a mine if either Benton or Parkside has its respective interest in the Forester Lake property reduced to less than 10%, then its interest shall be converted to a net smelter returns royalty equal to 2% net smelter returns.

Accessibility, Climate, Local Resources, Infrastructure and Physiography

The Forester Lake gold property is located in northwestern Ontario, 450 km north of the City of Thunder Bay. The property is situated 100 km north-northeast of the town of Pickle Lake and 300 km northeast of the mining community of Red Lake. It is located 35 km southeast of Goldcorp Inc.'s Musselwhite gold mine.

The Property is accessible by float plane or helicopter from Pickle Lake or, during winter months, via a winter road extending north from Highway 808, approximately 50 km to the south.

The area has a continental climate, with brief warm summers and very cold winters. Freezing temperatures extend from November through April. Mineral exploration activities can be carried out on a year-round basis, however the presence of extensive bogs and small lakes suggests that activities involving heavy equipment, such as diamond drilling, would best be carried out during winter months when the terrain is frozen.

Placement of potential mining infrastructure, including tailings storage areas, waste disposal areas and processing plant sites will depend upon the location of any ore deposit which might be defined and the topographic and engineering qualities of the surrounding terrain.

Thunder Bay (population 123,000), is a source of mining and exploration personnel, equipment and supplies. Red Lake, 300 km to the southwest, could be considered a secondary source. Several lakes on and adjacent to the Property could provide sources of water. The nearest electrical transmission line is one which supplies power to Pickle Lake, 100 km to the west-southwest.

The Property is relatively flat with little topographic relief and considerable wetland areas. Outcrop is sparse, varying from an estimated 1% to 10%. Elevations range from 310m to 325m above sea level. Tree cover consists mainly of black spruce, poplar and jack pine in elevated areas and tamarack, birch and balsam in wetter low-lying areas.

Forester Lake Gold Property History

The first discovery in the area of the Property was made by a First Nations prospector who discovered a mineralized quartz vein on the north shore of Wesley Lake (Robertson, 1941). Two assays of the material gave results of 176.23 g/t Au and 182.74 g/t Au. The discovery caused a staking rush in the area. Mineral exploration has been carried out since that time, with major periods of activity following the 1940s staking rush and the Musselwhite discovery in the 1970s and 1980s. A review of assessment files indicates that 78 diamond drill holes have been drilled on the property to date, for a total of 8,236m.

In 1941, the Hooker Syndicate carried out reconnaissance geological mapping in the north part of claim PA 5261098 and PA 4229328, the south part of PA 4240696 and the southeastern quarter of PA 4241269 (Robertson, 1941). A showing just south of the creek feeding Sage Lake from the east, in the south central part of PA 4240696 was reported to have returned grab sample assay results varying from 0.69 g/t Au to 118.63 g/t Au. The showing consisted of a "shear zone localized along an inclusion of basalt in gabbro diorite." The orientation of the mineralization is not known.

In 1959 Rio Tinto Canadian Exploration completed ground electromagnetic and magnetic surveys on a grid cut in the southeast corner of claim PA 4241269 (AFRI 53A05NW9432). Rio subsequently drilled two short diamond drill holes, totaling 87.2m, to test electromagnetic conductors. Only one partial drill log is available, and hole locations are not shown on the geophysical maps.

In 1961 Rio Tinto Canadian Exploration carried out geological mapping in the southwestern quarter of claim PA 4261098 (AFRI 53A05NW0042). Several grab samples were collected during mapping, a few of which returned low values of gold and silver. Two samples assayed in the range of 1 g/t Au. No further work was recommended for the claims.

INCO drilled 8 diamond drill holes, totaling 435.6m, in 1961 and 1962 along the south central part of claim PA 4240696 (AFRI 53A05NW0045). Minor pyrite and pyrrhotite was reported in various rock types and, in hole 15787, pyrrhotite, pyrite and arsenopyrite were noted in quartz vein material. No assay values were reported on the drill logs and no location maps are in the file.

Rio Tinto Canadian Exploration carried out a reconnaissance compilation and mapping program over a large area, including the Neawagank Lake Area, in 1962 (AFRI 53B08NE9408).

In 1963 Rio Tinto drilled 6 short diamond drill holes, totaling 106.7m, just north of the west end of Sage Lake in the southeast quarter of claim PA 4241269. The drilling intersected locally graphitic argillite, chert, mafic volcanics, biotite schist, ultramafic rocks and oxide facies iron formation. No significant gold assays were reported.

In 1971 Canadian Nickel Co. Ltd. drilled 3 diamond drill holes in the east central part of claim PA 4211303 or the southeast quarter of PA 4211302 (AFRI 53A10NE0005). Drill hole location maps were poor and holes could not be accurately located. The drilling intersected mafic and intermediate volcanic flows, locally graphitic felsic to intermediate tuffs and coarse pyroclastics, iron formation horizons, and minor schist and quartz-feldspar porphyry. Up to 15% pyrrhotite and 10% pyrite was observed in iron formation, up to 8% pyrrhotite was noted in graphitic tuff and up to 15% arsenopyrite, 8% pyrrhotite and 5% pyrite was noted in agglomeratic rock. No assay results were provided.

In 1981 H. J. Hodge carried out a geological mapping and prospecting program on a claim group covering the western half of claim PA 4260443, the northwestern part of PA 4260444, the southeastern corner of PA 4261100 and the northeastern corner of PA 4251900 (AFRI 53A05NW0048). A rediscovery of previous trenches noted "a number of gold bearing shear zones with quartz veins and arsenopyrite in gabbro. Values up to 0.42 opt Au (14.40 g/t) were obtained on samples taken from old pits. The widest zone exposed is 31 ft. (9.45m), which averaged 0.04 opt (1.37 g/t) Au." The showing is denoted as the Neawagank Lake Showing in this report. Detailed VLF-EM and magnetometer surveys were recommended, as well as 12 diamond drill holes, to test gold zones. Details regarding shear directions, mineralization widths and strike lengths is not known.

In 1981 Canadian Nickel Company Ltd. carried out a ground magnetometer survey on a large grid cut over all but the eastern end of the Property (AFRI 53A05NW0035). Several anomalies, thought to be caused by iron formation horizons or ultramafic rocks, were identified. A follow-up electromagnetic survey was recommended.

Later that year Canadian Nickel Company Ltd. drilled 5 diamond drill holes, totaling 781m, in the central and western parts of claim PA 4240696 (AFRI 53A05NW0023). Major rock types included mafic volcanic flows, mafic and felsic tuffs, oxide and sulphide facies iron formation. Quartz- and quartz-calcite veining, pyrite, pyrrhotite, chalcopyrite and arsenopyrite mineralization were widespread, with locally up to 12% pyrrhotite reported in mafic volcanics and tuffs, up to 15% pyrrhotite in oxide iron formation, up to 20% pyrrhotite in quartzite and up to 15% pyrrhotite noted in chlorite schist. No assays were reported.

In 1981 and 1982 Canadian Nickel Company Ltd. completed geological, magnetometer and VLEM surveys, and drilled an additional 7 diamond drill holes, totaling 806.3m, in the central part of claim PA 4240696 and the southeastern corner of PA 4241269 (AFRI 53A05NW0017, 53A05NW0020, 53A05NW0022, Perry, 1982). Major rock types intersected included mafic volcanic flows and tuffs, felsic tuffs, oxide and sulphide facies iron formation, chert, and locally graphitic argillite, with minor diorite and biotite-chlorite schist. Mineralization was fairly widespread, consisting of pyrite, pyrrhotite, chalcopyrite, arsenopyrite, quartz and quartz-carbonate veining. Locally, up to 70% pyrrhotite was reported in sulphide facies iron formation, up to 20% pyrrhotite in oxide facies iron formation, up to 15% pyrrhotite in graphitic sediments, up to 20% pyrrhotite in chert, and up to 10% in felsic crystal tuff. Assay results were reported for five of the holes. Significant results are presented on Table 2, below. Following completion of the drill program it was recommended that no further work be done on the Property.

In 1982 Canadian Nickel Co. Ltd. completed six diamond drill holes in the northwest quarter and southeastern part of claim PA 4211302 and the southwestern quarter of PA 4240699 (AFRI 53A05NW0032). A variety of rock types was intersected in the holes, the major types being mafic volcanic flows, mafic and felsic tuffs, oxide and sulphide facies iron formation, chert, quartzite and pelitic sediments, and garnet-biotite, chlorite, chlorite-actinolite and biotite-sericite-chlorite schists. Mineralization observed included quartz and quartz-carbonate veining, pyrrhotite, pyrite, chalcopyrite, sphalerite and grunerite in some iron formations. Locally up to 15% pyrrhotite was noted in mafic volcanics, cherts and some clastic sedimentary horizons, and up to 30% pyrrhotite was observed in sulphide iron formations. No assay results were reported.

In 1984 Tex. U.S. Oil and Gas Inc. (AFRI 53A05NW9707) completed ground magnetometer and VLF-EM geophysical surveys over an area covering a large part of the eastern portion of the Forester Lake property. An induced polarization survey was also carried out over a portion of the area where the Neawagank Lake occurrences had been discovered by H. Hodge in 1982 (see AFRI 53A05NW0024 and 53A05NW0027). Both the mag and VLF surveys were successful in tracing the area iron formation horizons, and the IP survey identified chargeability anomalies over the area of gold showings. Additional IP work, and drilling of chargeability anomalies, was recommended.

The company then completed six diamond drill holes, totaling 600.8m, to test chargeability anomalies associated with the Neawagank Lake showing in the southeastern quarter of claim PA 4230008 (AFRI 53A05NW0024 and 53A05NW0027). Gold values were associated with silicified shear zones cutting quartz gabbro, mineralized by minor amounts of pyrrhotite and arsenopyrite. Significant assays are listed on Table 2 below. As a result of the drilling additional claims were staked to extend the property to the east and additional geological mapping, geochemical and electromagnetic surveys, and further diamond drilling were recommended.

Based on the 1984 recommendations of Tex U.S. Oil and Gas Inc., magnetic and VLF-EM surveys were carried out on the newly staked claims to the east in 1986 (AFRI 53A05NW0011). The survey covers present claim PA 4260445. Magnetics traced the iron formation horizons eastward across the Property and several conductive axes were identified by the VLF. Additional detailed geophysics, geological mapping and diamond drilling were recommended.

In 1986 Tex U.S. Oil & Gas Inc carried out magnetometer and VLF-EM surveys covering the southeastern and northeastern portions of claims PA 4261100 and PA 5241900, respectively, the western part of PA 4260443 and the southwestern part of PA 5230008 (Hodge 1986). Further detailed geophysical surveys, geological mapping, prospecting and geochemical sampling were recommended prior to drilling.

Additional drilling was carried out by Tex U.S. Oil & Gas Inc. in 1986 to follow up on the 1984 recommendations (AFRI 53A05NW0550, 53A05NW0025). Three holes followed up previous drilling on the Hodge showings and three more tested iron formation targets in the east part of the property. In total 6 holes were drilled, for a total of 859.84m, in the northern part of claim PA 4260445. Significant assay results from the program are listed on Table 2, below. All are from the Hodge showing follow-up drilling. Additional geological mapping, prospecting, soil geochemistry and geophysical surveys were recommended by the report's authors.

In 1987 Van Horne Gold Explorations Inc. carried out a program of geological mapping, humus sampling and rock geochemistry in an area covering the southeastern and northeastern portions of claims PA 4261100 and PA 4251900, respectively, the western part of PA 4260443 and the southwestern part of PA 4230008 (Joliffe 1987). Samples collected from the Neawagank Lake showing trench area assayed between 1.71 g/t and 61.37 g/t gold. Details regarding the geometry and orientation of the mineralization are not known. The report's author noted that: "A number of areas on the property show a combination of geological, geophysical and geochemical features that favour the localization of gold mineralization." An induced polarization survey over selected areas and 2,300m of diamond drilling were recommended to further test the Property.

Also in 1987 628823 Ontario Ltd. carried out geological, humus and rock sampling programs in an area covering most of the central part of the current Property from Wesley Lake extending west to the east half of claim PA 4246699 (Joliffe 1987). More extensive humus sampling and magnetometer and VLF-EM surveys on easterly-striking grid lines were recommended, followed by a minimum of 2,000m of diamond drilling.

In 1987 Power Explorations Inc. drilled 7 holes, totaling 986.9m, to test iron formation horizons centered around the common boundaries of claims PA 4211302, 4211303 and 4222594 (AFRI 53A05NW0010). Oxide and sulphide facies iron formation, associated with a sedimentary package consisting of pelitic and garnetiferous sediments, chert, mudstone and greywacke, are intercalated within a mafic volcanic package. Minor quartz-feldspar porphyry intrusions were noted. Some significant gold values were associated with the mafic volcanics and garnetiferous oxide facies iron formation (see Table 2, below). Visible gold was noted in two locations.

In 1988 Esso Minerals Canada mapped a large portion of the southwestern third of the current property (AFRI 53A05NW9430) and also conducted magnetometer and VLF-EM surveys in the same area (AFRI 53A05NW0007). Geochemical soil and humus sampling was carried out on an area in the southwestern corner of claim PA 4222658. A few small gold-arsenic geochemical anomalies were identified. Seven diamond drill holes were recommended to test interpreted folds in sulfide iron formation.

In 1988 and 1989 Santa Maria Resources Ltd. carried out a program of magnetometer, VLF-EM and geological surveys, as well as prospecting and lithogeochemical rock sampling. In addition a 16 hole, 1,586.2m, diamond drilling program was completed (AFRI 53A05NW0004). Purpose of the drilling was: "to test for possible extensions of the auriferous zones discovered in the 1987 drill program and investigate additional geophysical targets (mainly magnetic/conductive trends associated with folds and possible alteration related to the emplacement of gold mineralization in iron formation)." Significant assay results from the drill program are listed on Table 2 below. Additional mag surveys in selected areas and a further 1800m of diamond drilling were recommended to test additional targets on the Property.

Homestake Canada Ltd. carried out a diamond drilling program in the winter of 1991 consisting of 6 holes, totaling 746.8m, in the southwestern part of the Property (AFRI 52A05NW9446, 53A05NW9628). The purpose of the drilling was to test coincident magnetic and VLF-EM anomalies associated with iron formation horizons. While all holes intersected iron formation units, no significant gold assays were returned. It was noted by the report's author that: "notable in the drilling program was the very high percentage of granitoid lithologies encountered, in excess of 50% of the drilling completed on the Property. Clearly the Property is very proximal to the margin of the North Caribou greenstone terrane, and the degree to which the granitoid intrusive rocks have disrupted and digested the terrane precludes any degree of continuity in the targeted interformational exhalitive horizons, even if significantly elevated gold values were being encountered." It was recommended by the Homestake authors that no further work be carried out on the Property.

In 1994--95 Placer Dome Canada Ltd. carried out a program of geological mapping, prospecting, and lithogeochemical rock sampling on two grids, the NE Grid covering portions of claims PA 4261110 and 4230008, and the SC Grid, covering the southeastern part of claim PA 4222594, eastern part of PA 4211303, central and eastern part of PA 4211302 and south half of PA 4251899 (AFRI 53A05NW0003). An induced polarization and resistivity survey was subsequently completed over the NE Grid during 1995 (AFRI 53A05NW0001). Some west to west-northwest striking sub-parallel anomalies were detected. Recommended soil and humus geochemical surveys were completed on the NE and SC Grids in 1995 (AFRI 53A05NW0012). In general, it was reported that gold values were very low throughout and there was a negative correlation with arsenic and gold. The most significant geochemical anomalies were in the western part of the SC Grid. A detailed magnetometer survey of that area was recommended to better define diamond drill targets.

Romios Estates Ltd. carried out a helicopter-borne magnetic survey on a small property along the north shore of Sage Lake, in the east central part of claim PA 4241269 and the west central part of PA 4240696 in 1996 (AFRI 53A05NW0018). Ground magnetic and horizontal loop electromagnetic surveys were carried out the following year (AFRI 53A05NW0022). A few HLEM conductor axes were identified. Follow-up prospecting along the north shore of Sage Lake was recommended.

In the same year Romios completed a horizontal loop electromagnetic survey on a property east of Wesley Lake covering the southeast part of claim PA 4261100, the northeast part of PA 4251899, northwestern PA 4260443 and the southwestern corner of PA 4230008 (AFRI 53A05NW0008). Two east-northeasterly striking conductive axes identified were believed to be caused by iron formation. A ground magnetometer survey was carried out in 1997 (AFRI 53A05NW021). More detailed magnetometer and HLEM surveys, to be carried out on more closely spaced grid lines, as well as an induced polarization survey, were recommended to better define drill targets.

In 2009 Benton Resources Corp. flew a helicopter-borne aeromagnetic survey over the entire Property (Sims 2009). The survey was flown along north-striking flight lines, with a line spacing of 100m and a nominal terrain clearance of 30m.

Table 2: Forester Lake Property, Historic Drilling, Significant Assays *.

DDH From (m) To (m) Interval (m) Au (g/t) Comments
Can. Nickel 57740 97.35 97.45 0.10 8.92 Sulphide facies iron formation. 40% po-py-cp in dark grey chert matrix.
Can. Nickel 57741 0.50 16.2 Reported by Perry 1982
Tex US TN-84-1 15.33 15.80 1.47 1.37 Silicified, sheared quartz gabbro. 1% po + asp + py.
62.79 65.23 2.44 4.77 Silicified, sheared quartz gabbro with chlorite – epidote alteration. 2% asp and 1% po. Composite of 3 samples.
131.98 135.94 3.96 3.43 Silicified, sheared quartz gabbro. Quartz veining, 1% po + asp + py. Composite of 4 samples.
Tex US TN-84-2 53.64 55.47 1.83 3.33 Silicified quartz gabbro, 1% asp – po. Composite of 2 samples.
Tex US TN-84-3 68.28 70.41 2.13 1.27 Quartz gabbro. Po and asp as fracture-fillings. Composite of 3 samples.
Tex US TN-84-6 2.13 3.96 1.83 1.13 Quartz gabbro. Composite of 2 samples.
42.06 43.13 1.07 1.65 Quartz gabbro. Blue quartz stringer with 1% po and asp.
62.48 63.40 0.92 11.01 Quartz gabbro. 1 cm qtz-calcite stringer with 1% po and asp.
Tex US TN-86-1 5.24 6.13 0.89 13.03 Weakly silicified diorite. 1 – 2% asp.
12.98 14.81 1.83 1.37 Weakly silicified diorite. 1 – 2% po – asp.
28.99 31.12 2.13 5.93 Silicified diorite. Thin qtz veins, 1 – 3% – asp.
57.06 58.22 1.16 2.06 Silicified diorite. Qtz stringers, 1 – 7% asp – po.
81.26 82.78 1.52 1.37 Moderately to weakly sheared. Tr asp, po.
Tex US TN-86-2 22.68 27.34 4.66 3.89 Locally silicified diorite. 1 – 2% asp and trace po. Composite of 5 samples.
28.74 30.88 2.14 1.57 Locally silicified diorite. Quartz veins, locally 15 – 20% asp. Composite of 2 samples.
33.56 35.66 2.10 1.87 Locally silicified diorite. Quartz veining, 2 to 10% asp – po as fracture-fillings. Composite of 2 samples.
37.34 41.45 4.11 1.80 Locally silicified diorite. 3 cm quartz-biotite vein with 2 – 4% pyrrhotite. Composite of 3 samples.
60.05 62.33 2.28 3.61 Silicified diorite. Thin quartz veins, 1 – 2% asp – po. Composite of 2 samples.
72.18 74.16 1.98 2.22 Diorite. Quartz veins, 7 – 10% asp and tr – 1% po. Composite of 2 samples.
74.98 76.90 1.92 2.06 Silicified diorite. Trace sufides. Composite of 2 samples.
Power NK-8703 31.94 34.50 2.56 2.06 Mafic volcanics. 0.43m qtz-ankerite vein with VG, and minor po. Composite of 3 samples (includes 7.20 g/t over 0.43m).
Power NK-8707 24.99 26.52 1.53 12.34 Garnetiferous oxide-facies iron formation. 24 cm quartz vein with VG.
94.49 96.01 1.52 1.13 Garnetiferous oxide-facies iron formation.
Santa Maria NK-8802 17.47 18.78 1.31 2.23 Brecciated oxide facies iron formation, 2 – 15% po, tr – 7% asp, tr cp. Composite of 3 samples.
Santa Maria NK-8810 63.49 64.98 1.49 1.85 Interbedded pelitic sediments and oxide facies iron formation, 1 – 10% po, trace py and cp.

Geological Setting and Mineralization

The Property is underlain by rocks of the Forester Lake Belt, at the southeastern end of the North Caribou Belt (Talbot, 1996). The Belt forms a sinuous, open 'Z' configuration with an east-southeasterly strike (see Figure below). The age of the Belt is between 2980 and 2871 Ma (Thurston et al., 1991).

The volcanic-sedimentary complex of the North Caribou belt has been folded into a syncline, with a thick clastic sedimentary core (Breaks et al., 1985). The sediments are underlain by mafic volcanic flows, which form an outer rim of the sequence.

Talbot (1996) describes the geology of the Forester Lake belt as follows:
Figure 3: Regional Geology and Position of Forester Lake property within the North Caribou Belt.
Figure 3: Regional Geology and Position of Forester Lake property within the North Caribou Belt.
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"The clastic sedimentary rocks...dominate the northern half of the Forester Lake portion of the belt (Breaks et al., 1985). These rocks include arkose, siltstone and greywacke (Hodge & Corkery, 1986). Underlying this sequence is the Forester-Neawagank Metavolcanics, consisting primarily of mafic to intermediate volcanics and intercalated clastic sediments and iron formation. Iron formation is associated with pelitic sediments occurring within the mafic volcanics. Mafic, ultramafic and felsic intrusions have also been reported (Timoshenko & Corkery, 1989). Supracrustal rocks in the Neawagank area are bounded to the SW and SE by the tonalitic North Caribou Batholith, and to the north by massive to gneissic tonalitic intrusive rocks. Like the rest of the North Caribou Greenstone Belt, the Forester Lake area has been metamorphosed to amphibolite facies and is dominated by a near E-W foliation."

The Property itself is mainly underlain by mafic volcanic flows, which lie along the southern margin of the Forester Lake Belt. Clastic sediments of the central part of the belt occur in along the northern and eastern margins of the eastern part of the property. Sulphide- and oxide-facies iron formation horizons, as well as thin clastic and chemical sedimentary beds, are intercalated with the mafic volcanics. A west-northwesterly striking mafic (quartz gabbro, diorite) intrusion cuts sediments and volcanics at the eastern end of the property. Minor felsic and mafic intrusions cut older rocks.

The volcanic package forms an anticline, the axis of which strikes northeast in the eastern part of the property and northwest in the western part. This, along with repetitions and interference folds observed in the iron formation (which are well-defined by magnetics, see Figure 5, below) suggest a structural complexity that is not well understood due to the lack of outcrop exposure over much of the property.
Figure 4: General Geology of Forester Lake Belt and eastern portion of North Caribou Belt.
Figure 4: General Geology of Forester Lake Belt and eastern portion of North Caribou Belt.
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Figure 5: Forester Lake property, airborne magnetics (after Benton Resources, 2009). A: Total Field, B: Vertical Derivative.
Figure 5: Forester Lake property, airborne magnetics (after Benton Resources, 2009). A: Total Field, B: Vertical Derivative.
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Three types of gold mineralization occur on the Property. They are briefly described below:
  • Mineralized quartz or quartz-ankerite veins hosted within shear zones or along flow or unit contacts in mafic volcanic rocks. Associated sulphide minerals include pyrrhotite and arsenopyrite;
  • Figure 6: Property Geology, Significant Mineral Occurrences and Drill Hole Intersections.
    Figure 6: Property Geology, Significant Mineral Occurrences and Drill Hole Intersections.
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  • Auriferous quartz veins associated with intersecting shear zones cutting silicified quartz gabbro or diorite in the northeastern part of the property. Mineralization is associated with small amounts of sulfides, including arsenopyrite; and
  • Gold hosted by oxide- or sulphide-facies iron formation, often associated with quartz or quartz-carbonate veining, and usually accompanied by varying amounts of pyrrhotite, pyrite, chalcopyrite and arsenopyrite (Musselwhite model).
Mineralization discovered on the property to date has been observed on isolates rock outcrops or in scattered diamond drill holes and the length, width, depth extent and overall continuity of such mineralization has not yet been determined.

Property geology, significant mineral occurrences and drill hole intersections are shown on Figure 6.


Spring 2011 Exploration Program

During spring 2011 Parkside cut 84.6 km of grid lines in the western and eastern parts of the Property, and carried out ground continuous reading magnetic surveys on each grid, the lines of which were spaced 100m apart.

Maps showing preliminary total field magnetics and first vertical derivative are shown on Figures 7 and 8, below. The detailed ground magnetics have permitted more detailed representation of the iron formation horizons within the coverage areas (see Figures 6 and 9, below). Further refinement of this interpretation may result from a detailed compilation of previous work, as recommended by the authors of the Report.

Figure 7: Parkside Resources Corp. Ground Magnetics, West Grid.  Total Field (upper) and First Vertical Derivative (lower).
Figure 7: Parkside Resources Corp. Ground Magnetics, West Grid. Total Field (upper) and First Vertical Derivative (lower).
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Figure 8: Parkside Resources Corp. Ground Magnetics, East Grid.  Total Field (upper) and First Vertical Derivative (lower).
Figure 8: Parkside Resources Corp. Ground Magnetics, East Grid. Total Field (upper) and First Vertical Derivative (lower).
click on image to view enlarged

Fall 2012 Exploration Program

In the Summer and Fall of 2012 Parkside Resources undertook an exploration program that included the line-cutting of a 140km grid on the central part of the Forester Lake property, followed up by a magnetic survey on the grid. A full description of the exploration program can been accessed by clicking on the following link: Forester Lake Magnetic Survey Assessment Report January 2013

The Interpretation, Conclusions and Recommendations from the exploration program are provided below:

Interpretation and Conclusions

The magnetics are characterized by several broad to narrow linear bands of elevated readings. These are believed to be caused by beds of banded chert-magnetic iron formation (BIF). These linear trends strike north-northwesterly along the western side of the grid, northerly in the northern portion and northnortheasterly in the grid's eastern sector. Folds in the iron formation are reflected by magnetics, and discontinuities in magnetic trends are postulated to be caused by minor faulting of the underlying strata. In the southeastern part of the grid, along its eastern margin, an extensive complex of elevated magnetic readings is believed to reflect an intensely folded complex of banded iron formation beds. Host rocks to the iron formation horizons consist of mafic volcanic flows and clastic sedimentary beds, which display lower magnetic signatures. Features within these areas displaying shorter strike lengths and moderate magnetic values may be caused by local intermediate to mafic sills or intrusions. Patterns of folding indicate that axial planar cleavages strike southwesterly in the southeasternmost part of the grid, and northwesterly in central and western parts of the grid area.


Compilation of previous geology, geophysics, geochemistry and diamond drilling within the area covered by the magnetic survey is recommended in order to define the presence, nature and association of gold mineralization in the area. Georeferencing of historic drill sites in the field is also recommended, in order to accurately locate previously reported gold intersections.

A diamond drill program is recommended to test for gold mineralization associated with fold structures in the iron formation units, as well as to verify significant gold values identified by previous drilling. Due to wet ground conditions and difficulties in ground transportation during summer months, it is recommended that diamond drilling be carried out during winter.


Based on the recommendations from the Forester Lake Magnetic Survey Assessment Report January 2013 Parkside Resources commenced on a nine-hole, 1,200 metre diamond drilling program in two prospective areas of the Forester Lake Gold Property. The nine holes were targeted after the compilation of data comprised of 78 historic drill holes (~8200 metres) with historic grades as high as 16.20 grams of gold (Au) per tonne over 0.50 metres; recent airborne and ground magnetic survey data; and, reviewing the wealth of geological and structural knowledge from Goldcorp's Musselwhite Mine.

All nine holes intersected anomalous gold mineralization with the most significant intervals being 4.49 grams per tonne (gpt) of Au (gpt Au) over 5.07 metres, including 7.67 gpt Au over 2.85 metres, and 24.93 gpt Au over 0.60 metres in Hole #8 (FOR-13-8) in "Area 1" of the drill program. The results are the best ever received for any drill program on the Forester Lake Gold Property with the highest grade interval being 24.93 gpt Au over 0.60 metres and the widest interval being 5.07 metres grading 4.49 gpt Au. Highlights of the drill program are provided below:

Forester Lake - Spring 2013 Drill Program - Summary of Assay Results

From (m)
To (m)
Core Length (m)
Gold (g/t)

Drill Area 1, in the central portion of the large 4,352 hectare (10,754 acres) Forester Lake Gold Property, hosts structurally complex, altered and mineralized iron formation. Hole FOR-13-7, which had assay results of 2.8 gpt Au over 1.31 metres, was drilled to verify gold mineralization (12.34 gpt Au over 1.53 metres and 1.13 gpt Au over 1.52 metres) in Power Exploration's 1987 drill program, NK-87-07. The intersection of the FOR-13-7 hole corresponds closely to Power Exploration's previous drill intersection.

Hole FOR-13-8 is a newly discovered high-grade gold zone located west of Hole FOR-13-7, and was drilled to test the western extension of an apparent fold in the iron formation. The mineralization in FOR-13-8 is hosted in a banded-iron formation, is strongly silicified, and is characterized by arsenopyrite, pyrite, and 5-10% pyrrhotite. Minor quartz veining is also apparent.

Figure 1: Forester Lake - Property Geology and Assay Results
Figure 1: Forester Lake - Property Geology and Assay Results
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Figure 2: Forester Lake - Spring 2013 Drill Program - Drill Area 1
Figure 2: Forester Lake - Spring 2013 Drill Program - Drill Area 1
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Interpretation & Conclusions

The information below is taken from the NI 43-101 Technical Report completed on July 28, 2011 by Garry Clark and David Hunt.

The Property is underlain by structurally complex rocks that are similar in nature to those of the Musselwhite Mine. A considerable amount of mineral exploration, extending over many years, has been undertaken on the property and has resulted in the discovery of interesting scattered gold mineralization associated with iron formation horizons, as well as shear zone hosted quartz veins in the host volcanics. The degree of metamorphism, structural complexity and lack of rock exposure have restricted any significant success to date.

Structurally at Musselwhite, gold mineralization is concentrated in fold noses (including drag folds), especially where they are intersected by fault/shear corridors. Mineralization is concentrated in anticlinal structures (the T-Antiform deposit, which is currently being mined, is an antiformal structure developed in the trough of a major syncline; the West Anticline deposit consists of a series of small folds along a broad anticlinal fold nose).

Lithologically gold is hosted both in garnet--amphibole--magnetite--grunerite iron formation (T-Antiform) and in thinly banded chert-magnetite iron formation (West Anticline) and is normally associated with quartz veining or flooding and varying amounts of sulfides (mainly pyrrhotite, with smaller amounts of arsenopyrite.

The author has been unable to verify the information pertaining to the Musselwhite Mine and the information is not necessarily indicative of the mineralization on the Forester Lake property that is the subject of this Technical Report.

The central and western portions of the Forester Lake property displays many of the same lithological and structural features, and the presence of several significant surface and diamond drill occurrences related to iron formation horizons suggests that the Property has potential for the discovery of economic iron-formation hosted gold mineralization. The ground magnetometer survey carried out by Parkside Resources Corp. has served to define the location of iron formation bands in the western area of the property.

In a report for Placer Dome Canada Limited D. Talbot, 1996, makes the following statement:

"It appears that the gold mineralization within the iron formation is controlled by the axial planar cleavage fracturing, and thus a 'Musselwhite' model will be utilized to explore for iron formation-hosted gold mineralization. Much of the past drilling on the Neawagank property has been conducted parallel to the axial planar cleavage, perpendicular to stratigraphy, therefore the failure to drill perpendicular to structure may account for the lack of continuity of mineralization from past drilling programs (Archer, 1995). This new approach to drilling the iron formation on the Neawagank Lake property also increases the potential for improving on the size of known mineralized zones and for discovering new ones."

This statement is considered by the current authors to be significant, and should be kept in mind for any future drilling carried out on the Property. Please note that Talbot's referenced Archer report was an internal Placer Dome Canada Limited document that has not been made public.

In the northeastern corner of the Property gold is associated with silicified intersecting shear/fracture zones in a diorite or quartz gabbro intrusion. Numerous gold values have been intersected in surface trenching and drilling. It is not known, from previous results, whether gold values and the structural framework are persistent over a large enough area to make this environment significant as a low grade / bulk tonnage type deposit. The ground magnetometer survey carried out by Parkside in this area does not greatly assist in the definition of this mineralization. More exploration will be required to make this determination.


A $250,000 program is recommended as an initial exploration effort on the Property. The results of this proposed work will permit the definition of diamond drill targets to follow up previous intersections and to test magnetic targets, as well as to determine if geochemical results are sufficiently encouraging to justify extending similar surveys to the remainder of the gridded area of the Property. The budget for this proposed program is shown on Table 3, below. Areas of proposed exploration are shown on Figure 9.
Figure 9
Figure 9
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  • A considerable amount of historic exploration has been carried out on the Property by previous explorers. It is recommended that this work be compiled into a GIS database on which to build results of future work. Detailed, quality geological maps are available from mapping carried out by Esso Minerals Canada, Santa Maria Resources Ltd., Placer Dome Canada Limited, Canadian Nickel Co. Ltd., Van Horne Gold Explorations Inc., and 628823 Ontario Ltd. These data should be georeferenced and compiled. Geophysical conductors and drill hole locations should also be plotted from company maps, where information allows. Note that many of the drill hole locations plotted on Figures 6 and 9 are from the Ontario Ministry of Northern Development, Mines and Forests Drillhole Database, which may contain errors. Given the poorly drained, slow growth nature of much of the property, many of the historic drill sights may be able to be accurately located using Google or satellite imagery. Drill logs and assays should be digitized and made suitable for plotting.
  • It is recommended that engagement with affected First Nations communities by senior management begin as soon as possible in order to facilitate scheduling of exploration activities.
  • It is recommended that a Central Grid be cut to cover iron formations and historic drill intersections in the central part of the property (see Figure 9). The Central Grid would encompass approximately 156 line km and would enable ground control in an area of significant interest.
  • It is recommended that a ground magnetic survey be completed on the Central Grid in order to define magnetic iron formation exploration targets.
  • It is recommended that the West Grid be extended, during winter months, to cover Sage Lake and surrounding swampy areas and that magnetic coverage be extended to cover these areas, as a considerable strike length of the target iron formation lies within these areas.
  • It is recommended that a SGH (soil gas hydrocarbons) geochemical orientation survey be carried out in the Claim PA 4260764 area. Esso Minerals Canada and Placer Dome Canada Ltd. both carried out soil and/or humus geochemistry surveys with moderately successful results. Perhaps more deeply 'penetrating' geochemistry might be more successful in identifying overburden covered bedrock gold sources. The area recommended for the orientation survey is one in which Esso identified several soil geochemical elevated gold values.

Table 3: Property - Recommended Work - Proposed Budget

Proposed Work Details Estimated Cost
Phase I
GIS Compilation $600 x 30 days $18,000
Linecutting (Central Grid, lake portion of West Grid) $800 x 166 line km. $132,800
Ground magnetometer survey $200 x 166 line km $33,200
Geochemical surveys (orientation survey) $62 x 260 samples (6.5 line km.) $16,100
First Nations consultation $22,000
Mobilization to property $15,000
Reports $12,900
Total Phase I and II $250,000