Toco Gold Project
The Toco Gold Project is located 240 km north of Chibougamau city, in North-central Quebec. The project is considered part of the Plan Nord region, Quebec’s highly regarded sustainable development initiative. The project has easy access via new all season road.
The project consists of two claim blocks, the Toco Block and Takwa Block, with a total area of 2,400 Ha consisting of 45 claims. Both Toco Gold Project claim blocks are adjacent to and the south of Visible Gold Mines’ Project 167.
Visible Gold Mines recently discovered high-grade Au-Ag-Cu-Zn boulders with up to 142.5 g/t gold, along the newly constructed all-season road to Stornoway's Renard diamond mine. (See Visible Gold Mines Inc. news release dated Nov. 4, 2014)
Several of the mineralized boulders discovered at Visible Gold Mines’ Project 167 were located 5km and 7km north of Berkwood’s Toco Gold Project.
The Toco Gold Project region is a recently revived early stage gold exploration area.
Several other exploration companies including Eloro Resources, Stellar Afrigold, Anthem Resources, Canada Strategic Metals and Walker River have also recently acquired claims in the vicinity of Visible Gold Mines’ Project 167.
Eloro Resources recently reported “The upgrade to Route 167 and the recent discoveries by Visible Gold Mines Inc. have re-awakened interest in the area, which remains highly prospective for gold, base-metal and platinum group elements, as well as diamondiferous kimberlites.”*
Stella Afrigold reported “We are confident that this area will soon become an active mining camp. The recent opening of that territory by the Quebec Plan Nord initiative will attract more companies interested in this perspective area. Soquem's Lac Harbour gold showing, as well as the Eastmain gold mine project nearby Stellar's acquisition, are both located within the volcanic belt that already demonstrate an excellent potential for some new discoveries.”**