The Cameron Lake/Flint Lake Property is located in the Rainy River area, Ontario.
Strategically located adjacent to Chalice Gold Mines Limited's Cameron Gold Project in the mineralized Kakagi Lake Greenstone Belt of the Archean-aged Superior Province
Five of the 7 property groups have reported historical gold occurrences
The Flint Lake Property consists of 2 claim groups (Flint Lake and Jessie Lake) totaling 605hectares.
Both properties are contiguous with First Mining Gold and their Cameron Lake Gold Project which hosts 12,100,000 tonnes containing 1,000,000 ounces of gold
To exercise its option and acquire a 100% interest in the Rainy River claims, Frontline must issue a total of 1,000,000 shares of the Corporation and pay the Optionor a total of $108,000 (of which a total of $50,500 is due in years 3 and 4 of the option agreement), $18,000 has been paid to date, and grant the Optionor a 2% net smelter returns royalty.
The properties are subject to a net smelter returns royalty of 2% on six claims and 1% on the remaining fifteen claims. Frontline may repurchase one-half of the 2% royalty for $1,000,000 and one-half of the 1% royalties for $250,000.
PROPERTY HIGHLIGHTS
Cameron Lake/Flint Lake Properties
Flint Lake: 6 claims located along the Pipestone Cameron Fault, with the group adjacent to Chalice Gold's Cameron Gold property that host its Dogpaw and Dubenski deposits
Sandhill: 3 claims located in the Brooks Lake Area and adjacent to Cameron Gold Project
Hay Island: 4 claims located just south of the Chalice's southern property boundary. The 4 claims are host to mafic and ultramafic intrusive rocks and contain recorded historical gold drilling results
Peninsula Bay: 2 claims located in the Dogpaw Lake Area. The 2 claims are host to mafic and ultramafic intrusive rocks and contain recorded historical gold drilling results.
Map of Claims
More information on the Cameron Lake/Flint Lake property can be found here.
Frontline has not completed any work required to verify the historical mining estimates noted above and is not treating these historical estimates as being compliant with current standards under NI 43-101 and as such these historical estimates should not be relied upon. Caution should be used when evaluating these resources as they were calculated prior to NI 43-101 existing and a qualified person has not done work to classify the historical estimate as a current mineral resource.