Forester Lake Gold Property

Exploration


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.

Recommendations

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.