Projects
The Troy Property consists of some 1653 hectares located located 65 km southwest of Chapleau, Ontario, in the easternmost portion of the Batchawana Greenstone Belt which hosts the major gold deposits located at Kirkland Lake, Timmins and Val d'Or. Gold was initially found on the property in 1999 by prospectors with grab samples returning gold values up to 19 g/t. Limited exploration since that time has revealed five mineralized zones along a five kilometre length. In 2008, Troon Ventures granted Thunderhill Exploration Ltd. an option to earn a 51% interest in the property by making a cash payment of $15,000 on signing and by completing $1.5 million in cumulative property expenditures on or before September 30, 2013. Thunderhill may increase its interest to 60%, by electing to expend an additional $1,000,000 on the property within two years of exercising the option to earn 51%.
Troon Ventures Ltd. has a 100% interest in the Fry Lake property. The property, totaling 22 units in size, is located 140 km north of Sioux Lookout, Ontario is accessible by floatplane or by winter roads from various villages located within the area. The Fry Lake property was acquired for it's potential to host gold deposits similar to those elsewhere in the Uchi Subprovince, which hosts several greenstone belts from which significant past and present producing gold mines has been achieved including those at Red, Pickle and Rice Lakes.
