Abstract

Five productive felsic volcanic centers have been identified in the Paleoproterozoic Penokean Volcanic Belt (PVB). Each center hosts at least one potentially economic polymetallic volcanogenic massive sulfide (VMS) deposit. To date, these drill-defined (inferred + indicated + measured) resources collectively contain over 93 million tonnes of VMS-style, base (Cu, Pb, Zn) and precious metal (Ag, Au) mineralization including nearly 4 million ounces of gold. This does not include smaller, less defined (mostly inferred) deposits in the belt that would increase the total to at least 150 million tonnes. From this resource base only 1.73 million tonnes of actual ore production has occurred. However, previous positive feasibility studies completed on the Crandon (1994), Lynne (1995) and most recently (2020) Back Forty deposits verify a total of approximately 44 million tonnes, or 47% of the total drill-defined resource base, are potentially minable reserves. Currently the PVB resource base remains as unrealized new wealth.Mineral resource assessments completed in 1996 and 2007 collectively suggest there is a high probability of at least 4 to 22 (average ~13) or more VMS deposits remaining to be discovered in the Ladysmith-Rhinelander complex and to a lesser extent the Wausau complex of the PVB. These newly discovered VMS deposits will fill out the tonnage distribution for this belt by following a natural geometric (log normal) progression consistent with established grade-tonnage models. It is postulated that among these will be one giant (>100 million tonnes) deposit. If verified, potentially economic VMS mineralization hosted by the PVB would be comparable to other productive Paleoproterozoic greenstone belts in the Canadian Shield such as Flin Flon (>200 million tonnes) or even approach that of the prolific Neoarchean Abitibi (~775 million tonnes).Exploration to date suggests that many of these undiscovered VMS deposits will be identified in five, highly permissive felsic volcanic centers. These centers, which comprise less than 2% of the known belt, are distributed within the Highway 8 intra-arc rift basin of the 1,880 to 1,860 Ma old Ladysmith Rhinelander volcanic complex. Exact aerial boundaries are poorly defined. However, extrapolation of geophysical, drill hole and rare outcrop data provides a reasonable estimate. Each productive center is stratigraphically associated with major, district-scale, commonly mineralized, meta-argillite formations or formational groups. Felsic centers are identified in the Wausau complex but have thus far been barren of significant VMS-style mineralization as is the adjacent Wausau basin.Future exploration for new VMS deposits should be focused within the productive felsic centers where a number of prospective targets and prospects have been previously identified. Other significant felsic centers likely exist within the Highway 8 basin particularly in Cambrian sandstone-covered areas along the western and eastern margins of the belt. Additionally, at least one felsic center may be present in the Milaca complex which could have VMS potential.Of particular note is the VMS potential of a second mostly Cambrian sandstone-covered, greenstone belt in the Marshfield subterrane (Eau Claire complex). Geophysical data suggest possible back-arc or intra-arc rift basins may be present and historical drilling has identified at least one VMS occurrence. This highly prospective volcanic complex is essentially new hunting ground with its own deposit tonnage distribution of potentially supergene-enriched VMS deposits. Based on criteria set out in a 2007 mineral assessment, this belt has the potential to host at least 1 to a maximum of 15 deposits.

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