Juby

Juby

Caldas Gold completed acquisition of 100% interest in the Juby Project and a 25% joint venture interest in certain claims adjoining the Juby Project on July 2, 2020.

The Juby Project is an advanced exploration-stage gold project located in Ontario, Canada, approximately 15 km west-southwest of the town of Gowganda and 100 km south-southeast of the Timmins gold camp within the Shining Tree area in the southern part of the Abitibi greenstone belt. Gold was first discovered in the Shining Tree area in the 1930’s.

Over 14,000 acres are controlled through the patented claims of the Juby Project covering 10 km strike length of the west-northwest trending Tyrrell Structural Zone (the “TSZ”) in the Abitibi greenstone belt with IAMGOLD’s Cote Gold project and Alamos Gold’s Young-Davidson mine, both within 70 km of the project.

The Project has excellent access to infrastructure including a major highway, a power transmission line that passes through the property, and an abundance of water in the region. The regional geological setting at Juby is similar to that of the Kirkland Lake and Timmins gold camps and is largely underexplored.

Caldas Gold sees potential to infill along the strike of the TSZ to extend the existing Golden Lake and Juby zones, testing the higher-grade prospects associated with Big Dome and Hydro-Creek, and to follow up on other targets and trends identified in historical work programs.

Ownership Location
100% ownership Within the Shining Tree area in the southern part of the Abitibi greenstone belt about 100 km south-southeast of the Timmins gold camp
Category Tonnes
(Mt)
Grade
(g/t Au)
Contained
(ozs Au)
Indicated 21.3 1.13 773,000
Inferred 47.1 0.98 1,488,000
 

Source: Technical Report filed on Octobner 5, 2020.

Technical Report (PDF)