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Canadian Phoenix Resources Corp. is a Calgary, AB-based company in the Agriculture and Mining sector.
Norse Gold`s main asset is it 100% interest in the 3,231 hectare Morris Lake Property, consisting of seven claims and three leases, 75 km north of Yellowknife. Gold on the property was discovered in 1945. Work conducted at the Viking zone included underground test work and diamond drilling. The Property saw additional drilling during the late 1980`s and again during the period 2005 to 2008 when Viking Gold Exploration Inc. held the claims. A total of 117 holes totaling more than 14,000 metres of diamond drilling have been reported on the leases within which the Viking zone is situated. Highlights of the drilling on the Viking zone include an intercept of 12.34 g/t gold over 8.25 metres. At the Max zone, located south of the Viking zone a single hole collared in 1.5 metres that assayed 16.87 g/t gold with further gold intercepts down the hole including 1.50 metres assaying 9.29 g/t gold; no follow-up drilling was conducted at that site. Other gold zones have been located on the property, such as at the Greenlee and Lucky Lake occurrences. Each of these received initial drill testing in the 1940`s and visible gold was reported in some of the drill holes. The geological model for the gold mineralization is that of an Archean lode gold deposit consisting of high grade shoots within a shear-vein system. The possibility that low-grade, large-tonnage deposits occur on the Property has not been tested.
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