Powell is a gold–silver exploration property in the Shebandowan greenstone belt, approximately 125 km west of Thunder Bay.
Exploration history
Rainy Mountain acquired Powell in 2004. Fieldwork included more than 110 km of grids, induced polarization (IP) surveys, trenching and drilling. The surveys outlined three major shear zones.
Fairmont’s June 14, 2011 news release reported drill intersections of 2.91 g/t gold over 1.55 m and 8.45 g/t gold over 1.9 m. These are historical reported intervals.
Historical property description and exploration account
Historical exploration account.
The Powell property consists of 23 claims (178 claim units) with an area of 7,120 acres and is located approximately 125 km west of Thunder Bay, Ontario in the Shebandowan greenstone belt.
The Powell Property was acquired by Rainy Mountain in 2004. The property has had extensive grids (over 110 km) and Induced Polarization (“IP”) surveys, and a limited amount of drilling and trenching, which exposed a number of gold showings. This work was carried out by Rainy Mountain Royalty Corp. The most recent drill program on the Powell Property, carried out by Fairmont, occurred in 2011 and yielded 2.91 gm Au/1.55m and 8.45 gm Au/1.9 m (as reported in Fairmont’s news release of June 14, 2011). The IP surveys have outlined 3 major shear zones which extend South West from the Ardeen Mine and other shears extending from the Moss Lake gold deposit.
The Powell Property is also contiguous with the Hamlin Property, where a large copper-gold-silver IOCG system was outlined by Rainy Mountain in 2005-2007, and subsequently drilled further by Xstrata Copper in 2008-2012.