CURRENT HOLDINGS
The company is currently holding 1,920 acres in Carscallen and Bristol Townships of Northern Ontario. The property was chosen because early assay results showed and previous exploration activity showed large gold occurences. Subsequent exploration indicated that several tracts have significant silver occurences.
Wildwood is actively negotiating to add our existing holdings in this area primarily because of its proven record and large concentration of senior gold producers with existing producing mines.
To view our existing assets follow this link and search by claim number given below.
http://www.claimaps.mndm.gov.on.ca/website/claimapsiii/viewer.htm
4212529 4202663 4202662
4212522 4210929 4202686
BRIEF OVERVIEW OF OUR TARGET AREA
The Red Lake gold camp is situated in the Red Lake greenstone belt of Ontario, an accumulation of Archean-age metavolcanic, metasedimentary and intrusive rocks comprising a portion of the Uchi Sub-province of the Superior Province of the Canadian Shield. Gold was first discovered in the Red Lake area in the mid 1920s and by the mid 1930s several producing gold mines were in operation. The belt is recognized for its high-grade, highly profitable gold mines, which include the world class Campbell mine of Placer Dome and Red Lake mine of Goldcorp.
The Red Lake District is made up of six communities: Red Lake, Balmertown, Cochenour, McKenzie Island, Madsen and Starratt Olsen. Past production and current reserves in the Red Lake district total approximately 23 million ounces of gold and continues to rise.
The Red Lake greenstone belt is one of the most prolific gold camps in Canada, with gold production from three principle deposits: Campbell-Red Lake (>13 million oz.), Cochenor-Willans (1.2 million oz.) and the Madsen (2.4 million oz.)mines.
The two major producers, Campbell and Dickenson (Red Lake) mines have produced a total or 14 million troy ounces of gold since going into production in 1948.
A total of over 19 million ounces of gold have been produced from 13 mines. Gold production has been continuous since 1930 when the Howey Gold Mine entered production. Current gold production is around 700,000 ounces per year from the Campbell mine of Placer Dome and the Dickenson (Red Lake) mine of Goldcorp.
The Red Lake Mine has a reserve of 4.3 million ounces of gold with an average grade of 1.34 ounces of gold per ton (45.94 g/t), including the recently discovered High-Grade Zone of 3.8 million ounces of gold with an average grade of 2.05 ounces of gold per ton (70.27 g/t). Combined, the Campbell-Red Lake ore bodies contain 22 million ounces at an average grade of 0.66 oz/ton (22.62 g/t) Au (past production and reserves). Accordingly, there is demonstrable economic rationale for exploring within the Red Lake camp for similar deposits.
