The Atikokan East property is on the E-W Quetico fault which separates the Steep Rock metavolcanic belt to the north from metasediments to the south. The White Lily Mine, just off the property, was discovered in 1907 and comprised a 24m shaft, a 2-stamp mill and an open cut from the north end of the shaft along a vein ~4.50m long by 2.40m deep(1). 65 tons of tailings was milled from the mining operation in 1933 and produced 2oz of Au and 4oz of silver(1).
The similar geological setting of the Atikokan East property to that of the White Lily Mine suggests excellent exploration potential. Potential may also exist for an iron formation lens on the property, similar to that existing at the Atikokan Iron Mine (magnetite, pyrite, pyrrhotite with minor chalcopyrite), one of a number of lenses along the Quetico Fault (2)
EMX has not performed sufficient work to verify the published assay data reported above, and these data cannot be verified as being compliant with NI43-101 standards. These historically reported data should not be relied upon until they can be confirmed, but EMX believes this information is considered reliable and relevant. The nearby deposits provide geologic context for EMX’s Project, but this is not necessarily indicative that the Project hosts similar tonnages or grades of mineralization