Results
Joint Venture Exploration
A total of 45,705.84 meters of BTW and NQ size drilling comprising 275 holes was completed during the period 2007 to 2012. Drilling is restricted by the availability of suitable drill pad locations due to the steep topography on the property. The 2007 to 2012 drilling was conducted from 33 different drill pads with two of those being wooden platforms in Lydden Creek canyon and the rest being created with an excavator along drill access roads. Zones tested by drilling are as follows:
|
Zone Tested |
Drill Holes Testing Zone |
|---|---|
| Red Cliff | DDH-2007-RC-1 |
| DDH-2007-RC-7 to 26 inclusive | |
| DDH-2007-RC-30 to 32 inclusive | |
| DDH-2007-RC-50 to 57 inclusive | |
| DDH-2010-RC-1 to 27 inclusive | |
| Montrose | DDH-2007-CT-1 to 3 inclusive |
| DDH-2007-MON-1 | |
| DDH-2009-MON-1 to 11 inclusive | |
| DDH-2009-LC-1 to 19 inclusive | |
| DDH-2009-LP-1 to 6 inclusive | |
| DDH-2010-MON-1 to 52 inclusive | |
| DDH-2011-MON-1 to 44 inclusive | |
| DDH-2012-MON-10-12 inclusive | |
| DDH-2012-MON-10-12 inclusive | |
| DDH-2012-MON-26-73 inclusive | |
| Lower Montrose | DDH-2010-RC-28 and 29 |
| DDH-2012-MON-1-9 inclusive | |
| DDH-2012-MON-13-25 inclusive | |
| Sericite Alteration zones | DDH-2007-RC-2 to 6 inclusive |
The drilling to date on the Montrose Zone at the Red Cliff property has allowed for a preliminary characterization of the mineralized system hosting the gold as follows:
- Mineralization consists of gold-bearing zones which are hosted by a 30 to 40 meter wide, near vertically-dipping shear zone which can be traced for over 2 kilometers, trending north-south, within the property;
- Gold-bearing mineralized zones, within the shear zone, have been intersected over a vertical distance of approximately 700 meters;
- Multiple gold-bearing mineralized zones have been identified within the wide shear zone;
- Gold is associated with abundant chalcopyrite and pyrite, most commonly in sulphide-bearing veins within the shear as well as gold-bearing stockwork zones outside of the vein systems;
- Gold is associated with fine galena-sphalerite veinlets along fracture zones peripheral to the chalcopyrite-pyrite stockworks;
- Gold is associated with sparse chalcopyrite, pyrite, hematite and epidote in quartz veins.
Some of the more significant assays from various years of the drilling are shown below:
|
Drill Hole No. |
From (m) | To (m) | Core Interval (m) | Au g/t | Ag g/t | Cu % |
|---|---|---|---|---|---|---|
| 2007-RC-13 | 15.55 | 16.46 | 0.91 | 37.26 | 63.80 | 6.07 |
| and | 37.65 | 39.02 | 1.37 | 4.28 | 19.70 | 1.62 |
| and | 105.79 | 107.93 | 2.14 | 0.28 | 8.02 | 1.42 |
| and | 141.16 | 142.84 | 1.68 | 0.43 | 9.50 | 1.39 |
| 2007-RC-19 | 14.76 | 16.16 | 1.40 | 0.61 | 14.40 | 2.17 |
| and | 38.87 | 42.68 | 3.81 | 14.99 | 16.31 | 1.30 |
| and | 61.34 | 62.13 | 0.79 | 0.53 | 12.80 | 1.42 |
| 2009-MON-1 | 29.27 | 62.50 | 33.23 | 6.10 | 4.92 | 0.16 |
| including | 53.35 | 56.40 | 3.05 | 45.77 | 10.70 | 0.33 |
| 2009-MON-6 | 53.66 | 111.89 | 58.23 | 9.59 | 3.12 | 0.28 |
| including | 69.97 | 72.26 | 2.29 | 142.20 | 35.20 | 1.22 |
| 2010-RC-1 | 76.98 | 81.40 | 4.42 | 21.94 | 22.81 | 0.76 |
| and | 108.69 | 109.70 | 1.01 | 1.32 | 22.80 | 2.88 |
| 2010-MON-31 | 60.37 | 86.28 | 25.91 | 10.94 | 4.52 | 0.22 |
| including | 81.71 | 84.76 | 3.05 | 68.63 | 24.90 | 0.72 |
| 2011-MON-2 | 173.17 | 186.13 | 12.96 | 10.05 | 1.70 | 0.14 |
| including | 184.85 | 186.13 | 1.28 | 92.23 | 14.10 | 1.18 |
| 2011-MON-9 | 89.94 | 92.29 | 2.35 | 1.33 | 0.60 | 0.00 |
| and | 131.71 | 140.61 | 8.90 | 28.10 | 4.19 | 0.37 |
| including | 139.33 | 140.61 | 1.28 | 182.95 | 20.00 | 1.96 |
| 2011-MON-11 | 138.57 | 146.04 | 7.47 | 43.91 | 9.72 | 0.28 |
| including | 144.66 | 145.61 | 0.95 | 281.27 | 49.60 | 1.46 |
| 2011-MON-15 | 18.90 | 34.76 | 15.86 | 12.04 | 1.91 | 0.40 |
| including | 18.90 | 20.73 | 1.83 | 74.72 | 2.50 | 2.37 |
| and | 48.48 | 51.52 | 3.04 | 1.99 | 2.50 | 0.13 |
| and | 94.21 | 98.78 | 4.57 | 1.74 | 3.19 | 0.02 |
| 2011-MON-22 | 23.78 | 26.83 | 3.05 | 1.61 | <0.5 | 0.04 |
| and | 55.03 | 67.84 | 12.81 | 17.99 | 13.58 | 1.52 |
| including | 57.32 | 60.55 | 3.23 | 57.60 | 36.00 | 3.67 |
| and | 71.71 | 72.56 | 0.85 | 1.26 | 3.00 | 0.01 |
| 2011-MON-27 | 96.49 | 100.00 | 3.51 | 7.94 | 4.65 | 0.06 |
| and | 102.90 | 133.54 | 30.64 | 14.53 | 26.94 | 0.27 |
| 2012-MON-3 | 67.07 | 71.34 | 4.27 | 62.51 | 12.76 | 0.72 |
| including | 67.07 | 69.21 | 2.14 | 117.70 | 18.50 | 0.88 |
| 2012-MON-24 | 84.76 | 98.78 | 14.02 | 14.88 | 6.86 | 0.22 |
| 2012-MON-61 | 173.93 | 208.99 | 35.06 | 7.83 | 9.04 | 0.42 |