Sometimes you have to read the fine print.
PR O S P E C T S
The high-resolution magnetic and Quantec Titan surveys, discussed later in Section 9.0, identified a number of significant structural features typical of a porphyry copper district within the Property area. These include the Discovery, ES, and GK Zones of copper mineralization, and the Mike chargeability anomaly. The Discovery Zone, located roughly 2.5 km northwest of the centre of the Paramount Zone was drill tested by 2011CF422 and confirmed the presence of mineralization. The Mike Zone is situated immediately east of the deposit, over the ridge of Mount LaCasse. The ES Zone is located approximately 3 km north of the Paramount Zone and has an extent of about 1,100 m long by 300 m wide. The 32 samples collected from this zone averaged 0.87% copper and 0.31 g/t gold. The GK Zone is located approximately 3 km north of the ES Zone and has an extent of least 1,700 m long by 250 m wide. The 17 grab and chip samples collected from the GK Zone averaged 1.24% copper, 16 g/t silver and 0.07 g/t gold. The locations of these anomalies are shown in Figure 9.3.
Primary results from Phase II are summarized in Gharibi and Faucher (2010):
The eastern part of the survey grid displayed a high resistivity background
containing an elevated conductivity feature with resistivity of ~1500 Ωm in a ~N‐S
orientation. This anomaly displays an eastwards dipping trend that extends to
great depth of more than 1000 m. The conductive anomalous body displays a
resistivity of ~500 Ωm at this depth and constitutes the easternmost part of the
survey grid. The western and northern parts of the survey grid display the most
conductive materials with resistivity as low as 500 Ωm. A large conductive body in
the westernmost part correlates with Hickman batholith. The shallow conductive
zones resolved in the western part construct an elongated conductive body with a
~NNW‐SSE trend. The elevated conductive features in this area associate with
outcrop of Hickman rocks and volcanic rocks in the Main Zone and Paramount
Zones. The West Breccia Zone is distinct in this area with slightly higher resistivity
of ~2000 Ωm. The southern part of the survey grid generally displays resistive materials with resistivity of a few thousand of Ωm. This zone partially associates
with Andesitic Volcanic rocks in this area. The chargeability models generally
display a very low chargeability in the eastern part of the grid. In the western part
of the grid the chargeability cross‐sections display elevated chargeability in an
area associated with Main, West Breccia, and Paramount Zones. The southern
portion of the western part of the grid illustrates a highly chargeable subsurface that extend beyond the survey grid. The two southernmost lines (L800S and L400S) surveyed in the phase II of the Schaft Creek project revealed a large and highly chargeable area. A chargeable anomaly is resolved in the central part of these lines at a depth of ~100m with a chargeability of more than 40 mrads. The anomaly appears to extend to depths greater than 400 m. The northernmost lines (L2000N and L2400N) surveyed in the phase II display a slightly elevated
chargeable feature in the central part of the line. The anomaly shows a maximum
chargeability of ~20 mrads in a ~N‐S orientation. This chargeable zone is the
northern extension of the chargeable anomalies resolved in the central part of this
area. A total of 16 potential targets with different priority levels have been
resolved along the survey lines surveyed in phase II of the Schaft Creek project.
The potential targets are prioritized as High, Moderate, or Low, and their
intermediate ranges based on the category of the chargeability and conductivity of
the anomalies as well as the size.
A total of 31 potential targets with different priority levels have been resolved along the survey lines surveyed in phase III of the Schaft Creek project
More to come...