Buffalo Ankerite Property
The Buffalo Ankerite property consists of 35 claims having an area of 1063 acres in Deloro Township, Ontario. The property is accessed by paved road 2 kilometres southeast of the city of Timmins. The Buffalo Ankerite Mine produced 1 million ounces of gold from 1926 to 1953. Adjacent to the west the Aunor/Delnite Mine produced 3.5 million ounces of gold and on the east the Paymaster Mine produced 1.2 million gold ounces. *
*Government Source: Ontario Ministry of Northern Development and Mines
The geology of the property consists of volcanic flows that are folded from east west to north by northeast. A 4,000 foot deep production shaft on the property was the primary means of historical gold production. Drilling in 2001 - 2002 by Placer Dome oulined a pit design between surface and 400 feet on the south limb of the fold. Historical work indicates additional potential on the property below the pit resource and in the north limb of the fold.
VG Gold filed a NI 43-101 compliant resource estimate in April 2007.
VG Gold began an aggressive drilling program in 2007 in the South Mine area of the Buffalo Ankerite Property that is continuing through 2008. The exploration program is continuing through 2008, see exploration page.
