Lake Douglas

Location & Access

15km southwest of Marathon Gold Corporation’s Valentine Project


87 claims covering 21.75 sq km


Joint Venture


Data compilation and review


Orogenic gold and volcanogenic massive sulphide mineralization


Adjacent projects – Wilding Gold

The Lake Douglas property (87 claims,21.75 km2covers the on-strike trend of gold-bearing structures at Marathon Gold Corporation’s Valentine project, located 15 km on strike to the southwest.  The Lake Douglas property is also located less than 5 km on strike from a number of gold prospects on adjacent mineral claims being explored by Canterra Minerals Corporation.Among the prospects located on Canterra’s adjacent property are several gold in bedrock targets, where previous drilling returned intercepts of 10.0 g/t Au over 5.35 m core length, including 49.9 g/t Au over 0.98 m (Antler Gold Inc. news release dated December 13, 2017).  A soil sampling program completed by Buchans in 2018 over the northwestern portion of the Lake Douglas property returned several gold in soil anomalies. The areas of interest include several multi-station gold anomalies ranging up to 200 m in length with anomalous values up to 317 ppb Au (Buchans Resources news release dated December 14, 2018). 

The Option is comprised of an initial option (the “First Option”) to earn and acquire a 51% ownership interest in the Properties and a second option (the “Second Option”), in the event Buchans elects not to participate in the joint venture, to earn and acquire an additional 19% ownership interest in the Properties.

  • Underlain by the regionally important Rogerson Lake Conglomerate
  • Bound to the north by the Valentine Lake Shear Zone
  • Hosts gold mineralization at the Wilding Prospect (Canterra Minerals Corp.)
  • 13 quartz-carbonate and quartz-tourmaline samples collected in 2021 (results pending)
  • GT Probe testing a soil anomaly along the southeast contact of the conglomerate (results pending)
  • 2018 multi-line soil anomalies to be followed up