The Burnt occurrence was discovered in 1945, subsequent prospecting, mapping and trenching has revealed a shear zone with alteration characteristics of an orogenic gold system (silicification, carbonatization, sericitization and chloritization) traced for 100 m(1). The project is underlain by an isoclinally folded sequence of alternating mafic-ultramafic and felsic-intermediate rocks and lesser mafic intrusives.
Grab samples taken by the Ontario government in 1984 from what is described as quartz veins in diorite, returned values between 5.0 to 19.69 g/t Au with one sample of 63.13 g/t Au(2). Two grab samples taken by Cunniah Lake Inc. in 2004 in the Burnt occurrence area returned 2.06 and 2.33 g/t Au from altered gabbro with 9% pyrite(3).
EMX has not performed sufficient work to verify the published assay data reported above, and these data cannot be verified as being compliant with NI43-101 standards. These historically reported data should not be relied upon until they can be confirmed, but EMX believes this information is considered reliable and relevant.