Sanshaw-Bonanza

Past Exploration

The Bonanaza property was first staked by the Sanshaw Mines Syndicate, which later became Sanshaw Mines Ltd. In 1937 Sanshaw drilled 1178 metres, with a 9.1 metre shaft sunk on Whitehorse Island.

From 1939 to 1941, MacKenzie Red Lake Gold Mines drilled 17 holes for 353.6 metres. Seven of these holes with a combined length of 227 metres of casing, were abandoned.

During World War II work on the property was suspended until 1946-47 when Orlac Red Lake Mines Ltd deepened the shaft to 139 metres and established levels at 68 and 106 metres. During this period, Orlac drilled 701 metres of underground development, 15 surface holes that totalled 1655 metres, and 523 metres in 54 underground drill holes.

In 1948, Cable Mines and Oils Ltd. drilled four surface holes at 1200 metres, followed by 4207 metres drilled between 1958 and 1965. At this time, Cable Mines and Oils Ltd. issued a statement regarding the drill results. This statement read that, above the 375 ft. level, a resource of 175,000 tons averaging 0.20 ounces of gold per ton had been calculated.

Following this discovery, Cable Mines   Oils Ltd. continued drilling sporadically, testing northern extensions to mineralization.

Bonanza Red Lake Explorations Ltd. moved in 1979 and conducted geophysical surveys, followed by a six hole drill programme. The best intersection was reported from hole B79-1, which returned 0.159 ounces per ton over 17.02 feet.

This was followed by Pure Gold Resources Inc. who in 1987-88, optioned the property, and conducted exploration on behalf of Noramco Mining Corporation. Diamond drilling of 48 holes totalling 6637 metres, took place along the east side of Whitehorse Island and on the lake just off the northeast side of the island. Significant intercepts are shown below:

In 1988 - 89 Noramco completed a further 34 holes for a total of 4785 metres in a follow-up programme, & outlined a mineralized zone 3 to 5 metres wide, 150 metres long and 125 metres deep. Grades within the zones ranged from up to 2.1 to 12.7 grams/tonne. That same year, Noramco calculated a new resource for the property of 300,000 tons @ 0.08 ounces per ton.

In 2003, Lateegra resources Corp. entered into a joint venture agreement with the property holder, Wolfden Resources Inc., and performed surface mapping and sampling, and completed a five hole diamond drilling program for a total of 625 metres.

In 2004 a joint venture was entered into between Red Lake Resources Inc. and Grandcru Resources Corp.. Grandcru conducted a seven hole drill programme totalling 1,020 metres.