Forester Lake Gold Property

Drilling


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

Area
Hole
From (m)
To (m)
Core Length (m)
Gold (g/t)
2
FOR-13-1
102.95
103.55
0.60
0.62
2
FOR-13-2
91.95
93.15
1.20
1.14
2
FOR-13-3
43.20
43.80
0.60
1.23
 
46.30
46.80
0.50
1.28
2
FOR-13-4
90.10
90.70
0.60
2.15
1
FOR-13-6
17.08
17.95
0.87
0.80
FOR-13-6
55.00
61.00
6.00
0.61
Incl
57.00
60.00
3.00
0.93
Incl
58.00
59.00
1.00
1.47
1
FOR-13-7
30.99
33.15
2.16
1.46
Incl
30.99
32.50
1.51
1.78
Incl
31.50
32.00
0.50
2.24
 
92.50
93.00
0.50
0.70
1
FOR-13-8
44.78
45.50
0.72
0.58
FOR-13-8
48.28
53.35
5.07
4.49
Incl
48.28
51.13
2.85
7.67
Incl
48.28
48.88
0.60
24.93
FOR-13-8
65.20
67.20
2.00
1.40
 
68.80
69.20
0.40
0.88
1
FOR-13-9
44.00
44.40
0.40
0.69
 
48.00
48.50
0.50
1.32
 
90.50
90.80
0.30
0.53

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
click on image to view enlarged
Figure 2: Forester Lake - Spring 2013 Drill Program - Drill Area 1
Figure 2: Forester Lake - Spring 2013 Drill Program - Drill Area 1
click on image to view enlarged