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The Maze Lake Project is located in the Kivalliq District of Nunavut, with excellent access from either Rankin Inlet or Whale Cove, both on Hudson Bay. The Maze Lake Project consists of five Inuit Owned Lands Mineral Exploration Agreements with a total area of 39,866 hectares (~99,000 acres).
Maze Lake is an early-stage gold exploration project. The current land package was staked in 2003 by Placer Dome who conducted exploration programs on the property until 2004. Work included extensive lake water and frost boil surveys, localized geological mapping, an airborne magnetometer survey, a small Induced Polarization Survey, and approximately 1200 metres of diamond drilling.
Terrane Metals purchased the property in 2006 after Placer Dome was acquired by Barrick Gold Corporation. In August 2007, Terrane Metals granted Laurentian Goldfields the right to earn up to a 75% interest in the Maze Lake Project by making $6,000,000 in exploration expenditures over four years and issuing 1,000,000 units of Laurentian to Terrane. Laurentian is currently the operator of the project.
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