Triton Gold Project
 

Shiningtree Area, MacMurchy Township, Ontario, Canada.

World Ventures Inc. holds 28 mineral claims in MacMurchy Township covering the old Triton gold prospect. Five of these claims have a 1% NSR royalty payable to Teck-Cominco, the others are 100% owned by the company.

The history of the claims within the company dates back to the inception of Nu-Dawn Resources, the predecessor company to World Ventures Inc. The properties were inactive from l988 due to a moratorium on staking in the area which lasted several years, lapsing recently.

thumb_triton-mapThe property holds exploration potential for 200,000 to 1,000,000 ounces of gold in a series of quartz veins in Precambrian-aged volcanics that are similar to those hosting the major historic and current gold producers in the nearby Timmins-South Porcupine, Kirkland Lake-Larder Lake, and Val d' Or - Malartic gold camps. On the property several quartz veins and vein swarms outcrop within a series of Precambrian volcanic rocks, generally described as greenstones and more specifically termed andesites with interlayered pyrite-bearing tuff horizons. The vein systems are exposed sporadically and are offset by faults. Controls on gold mineralization are believed to be the intersection of the two vein systems, one interpreted to be a volcanic exhalative bedded horizon, the other a cross-cutting system of veins.

Historical work started in the 1920's when a near vertical shaft was sunk to over 100 feet with at least 75 feet of lateral horizontal drift at about the 90 foot level. The vein structure within the entire depth of the shaft and throughout the length of the drift runs about 2.5 feet average in width and grades in the order of one half ounce to two thirds of an ounce of gold if uncut values are used in the grade calculations. The highest assays in the Kingston vein and shaft area are 7.93 oz per ton over 3.0 feet and 2.52 oz per ton over 2.7 feet. The Bennet Vein lying off the property to the northwest was reportedly high-graded by a Mr. Leach in the 1970's. Similar high-grading has occurred elsewhere in the Shiningtree District.

An easily accessed potential for 10-20,000 oz. of gold is believed to be present in the vicinity of the old workings and potentially extending to the diamond drill intersections below the old workings to a depth of approximately 150 feet. Potential and Future Work Vein systems of this nature can extend for over 1000 meters and may contain 200,000 oz to 1,000,000 ounces. Additional drilling is required to check for continuity with depth and for strike extensions of the Kingston vein. Drilling of this vein and other vein structures to establish reserves would be carried out subsequent to a review of all geophysical and geological data, remapping and resampling of all surface exposures, and trenches. There is a possible genetic link between gold values and the occurrence of a conformable (bedded?) vein in contact with the cross-cutting veins like the Kingston vein. The highest gold values occur at the zone of intersection of these two vein types. It is possible that the bedded or conformable "veins" represent an exploration target type not effectively pursued to date. A program of $150,000 - $200,000 will carry out the 1988 recommendations of Jane Wegenest of Teck Corporation to conduct an extensive sampling program of the quartz veins in outcrop and in trenches to establish grade because of the coarse gold content with attendant nugget effect on assays. Areas of stock-work systems and veining in more than one direction were targeted in detail in these recommendations which also included follow up drilling. This property should return substantial rewards for risk dollars expended.