Lancaster Resources Inc., a North American critical minerals exploration company, has recently made an exciting announcement regarding the acquisition of the Piney Lake Gold Property. Covering an area of 2,267.8 hectares, the property is strategically located approximately 65 kilometers east of La Ronge Provincial Park in Saskatchewan, Canada. Surrounded by the established gold claims of SGO / SSR Mining and North Arrow Minerals’ Pikoo property, the Piney Lake claim has a rich history of mineral discoveries.
The geological significance of the Piney Lake property lies in its positioning within the Glennie Domain, known for mafic to mafelsic rocks conducive to gold mineralization. The presence of basic volcanics, quartz diorite-tonalite to granodiorite, and quartz-diorite lithology indicates a high potential for gold deposits. Additionally, the Tabbernor fault and shear zone lie in close proximity to the property, further enhancing its mineralization prospects.
Historical geochemical samplings at Piney Lake have revealed significant gold showings along a north-south trend, with concentrations up to 41.35g/T Au. These findings underscore the high-grade gold potential awaiting exploration by Lancaster’s team using modern techniques.
CEO Penny White expressed her excitement about the acquisition, stating, “The acquisition of the Piney Lake Gold Property is an exciting project to add to our growing exploration portfolio.” With limited recent exploration activities in the area, Lancaster Resources is poised to unlock the property’s mineralization potential for not only gold but also copper and other minerals. This acquisition further solidifies Lancaster’s commitment to exploring critical minerals and sustainable energy sources for climate-positive resource production.
