NewOrigin acquired 100% interest in Kinebik from O3 Mining Inc. on April 14, 2021. As part of the transaction NewOrigin Gold assumed a 1% Net Smelter Return (“NSR”) payable to Chalice Gold Mines (Ontario). NewOrigin Gold may buy back 0.5% of the NSR for CAD $200,000. Kinebik covers 17,750 hectares over a 30 km strike length along the Casa Berardi Trend. NewOrigin completed a "VTEM" airborne geophysical survey in May of 2021 to better define geophysical targets below overburden for follow up drill testing. NewOrigin is seekinga joint venture partner to advance Kinibek.
Kinibek is located halfway between the towns of Lebel-sur-Quevillon and Matagami and a two and a half-hour drive from Val d’Or in northern Quebec. Kinibek sits approximately 200 km's to the east of NewOrigin’s North Abitibi Gold Project and approximately 150 km to the east of Hecla’s Casa Berardi Mine, which has produced in excess of 2.5 million ounces of gold since start-up in 1988 and currently hosts in excess of 3.5 M oz of gold total resources, the largest deposit in the region. The Project has excellent infrastructure and can be accessed year-round via paved and unpaved road
The most extensive exploration programs were completed between 1980-1995. A total of 47 diamond drill holes and several prospecting and geophysical surveys have been completed on the property. At Kinibek there is little to no rock outcropping where drill targeting has been carried out based on geophysical surveys or trace element geochemical surveys. Most recently Chalice Gold completed IP & magnetic surveys in 2017 over a portion of the Kinebik property along its southeastern margin. MMI soil and spruce bark geochemistry made up part of the program which was followed by a 10 hole drill / 2007 metre drill program in 2018 on the south east end of the property. Average overburden thickness to bedrock was between 10m to over 30m of cover in areas drill tested. Additional work and drilling is warranted on the central and western portions of the Kinibek claims.
The Project is situated within the north-central portion of the Archean Abitibi Sub-province, in the Harricana-Turgeon Belt, which comprises both the Matagami and Taibi volcano-sedimentary basins. It is underlain by the Taibi Group, which is defined by the Taibi Fault to the North, and the Casa Berardi Deformation Zone to the south. The project area is part of the Casa-Berardi Tectonic Zone, and is along strike from the Douay, Vezza, and Discovery deposits. Major lithological units comprise a mixed assemblage of turbidite-type sedimentary sequences, iron formations, lesser mafic volcanic and felsic plutonic rocks. The primary area of interest has been a significant zone of shearing and hydrothermal alteration focused at the contact between the clastic sedimentary rocks and mafic volcanic rocks.
In May 2021 NewOrigin completed a 1,300-line km "VTEM" geophysical survey to better define stratigraphy and structure. Results from the survey over the. central and western portions of the property, compared to the Quebec government's survey, can be seen below in the bottom left of the map.