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Davidson Tisdale

About Davidson Tisdale

Located in Timmins

Davidson Tisdale is a high grade gold deposit in North-Eastern Timmins, Ontario, located approximately 5 km along strike from the Hollinger, McIntyre and Coniaurum, which have produced over 31 million ounces of gold at 7.7 grams per tonne average production grade. Covering 459 hectares from 28.5 contiguous claim units in the Tisdale Township of the Timmins gold camp, the Davidson Tisdale property is 100% owned by McEwen Mining and neighbours Tahoe Resources in the north and Goldcorp in the south.

Davidson Tisdale was subject to minor exploitation in 1988 by Getty Canadian Metals, with a total of 7,300 ounces of gold produced at grade 8.91 gpt.

Discovered in 1911, it has been explored intermittently over the years, with focus on the historical underground workings. Much of the drilling was concentrated on two main areas in the south, the Main Zone and the S-Zone, with the deepest hole intersecting mineralization below 400 metres. Previous drilling results yielded highly encouraging grades over good widths.

To date the Company has obtained the following permits for Davidson Tisdale: water, industrial sewage works, air and noise emissions and a closure plan for open pit excavation.

bamap

Significant Drill Intercepts from the Davidson Tisdale Project

Hole Northing Easting Azimuth Dip Depth From (m) To (m) Width (m) Grade (gpt)
04-304 9913.0 10207.0 150 -45 38 16.1 20.5 4.4 38.55
03-310 9925.5 10113.5 330 -80 203 163.0 166.4 3.4 341.10
03-312 9925.5 10113.5 150 -63 162 67.3 70.8 3.5 29.86
03-315 9956.0 10067.0 150 -76 226 161.1 165.7 4.6 197.34
04-326 9833.0 10124.0 330 -56 317 251.9 260.4 8.5 30.05

- See "Exploration Report (2003-2005) and Resource Estimate Technical Report on the Tisdale Project" dated March 26, 2007

Several shafts have been developed on the property with a decline ramp driven to a vertical depth of 250 metres. Successful high grade deep drilling indicated that this deposit is open at depth and that it has the potential for further bonanza grades. Over 71,000 metres have been drilled to date on the southern part of Davidson Tisdale, which remains an important exploration target for extending the potential at depth and the areas of high grade gold mineralization.

NI 43-101 resource estimates for Davidson Tisdale were calculated in 2003 for the S-Zone and in 2013 for the Main Zone:
Davidson Tisdale Resource Estimate

Tonnes (000's) Grams per Tonne Gold (oz)
S-Zone Underground
(at cutoff grade 2.0 gpt Au) Measured 338 5.5 59,800
Indicated 415 4.52 60,400
Inferred 386 4.68 58,200
Main Zone Open Pit
(at cutoff grade 0.5 gpt Au) Measured 452 2.44 35,500
Indicated 173 2.43 13,500
Main Zone Underground
(at cutoff grade 2.6 gpt Au) Measured 18 6.64 3,800
Indicated 41 4.91 6,500
Inferred 71 4.20 9,600

For the S-Zone see "Davidson Tisdale Gold Property, Timmins, Ontario Technical Report" dated November, 2003. For the Main Zone see "Technical Report & Updated Resource Estimate on Buffalo Ankerite, Fuller, Paymaster, Davidson Tisdale Gold Deposits" dated June, 2013.

Key north adjoining mineral claims have been acquired in 2014. The known geology of these claims encompasses favourable structures, such as four parallel hydrothermal alteration zones of over 2 km strike length. The northern land addition is relatively unexplored, with very few known drill holes completed by predecessors. Intriguing historic assay results from these claims include a surface grab sample that returned 31.2 gpt gold and a diamond drill intercept (DBK-87-6) of 26.1 gpt gold over 1.0 m at 39 metres below surface.

Exploration on the newly acquired mineral claims to the north is envisioned to include property compilation, SGH geochemistry, geological mapping/ prospecting and a follow up drill program.

Davidson Tisdale Gold
Property presentation
Technical Report

A preliminary economic assessment including the Davidson Tisdale Property has been completed in 2014 on open pit scenarios. For more information on this study please see our PEA page.