The Satterly Lake property is located approximately 90 km east of Red Lake. It comprises 8 contiguous claims (3,049 ha) underlain by felsic metavolcanic and coarse clastic metasedimentary rocks of the Birch-Uchi greenstone belt. The highly prospective Grace Lake Deformation Zone transects the southwest portion of the property. This D2 shear zone is interpreted as a splay off the northeast trending Swain Lake Deformation Zone, both of which host numerous gold occurrences to the west of the property.
The Satterly Lake property is relatively unexplored, but several mineral occurrences documented on adjacent properties have potential to extend along strike onto the property. Located only 1.5 km off the western boundary, the Sol D’Or Mine produced 256 ounces of gold and 33 ounces of silver (Ag) between 1933 and 1936 from 232 tonnes of ore grading 19.2 grams per tonne (g/t) Au (458 tons at 0.56 ounces per ton (opt) Au). Ore zones were described as east-trending mineralized quartz veins in felsic tuffs. According to historical government records, the estimated reserves on the property in 1936 were 7,770 tonnes at 19.5 g/t Au (8,565 tons @ 0.57 opt Au) (OGS Open File Report 5835, 1989) – the Qualified Person has not done sufficient work to classify this historical estimate as a current resource. The company is not treating the historical estimate as a current resource.