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 - Copperman Option

 

Location and Property Description
The Copperman Project is situated approximately 45 km south and east of the Town of Snow Lake where active mining and milling of base metal massive sulphide-type deposits and precious metals has been ongoing for decades. Access to the property is by paved highway and a variety of logging roads and trails. The Copperman Project consists of one Mineral Lease (28)  with a total area of 269 hectares. It is optioned from Top Notch Marketing Ltd.

History of Exploration

The project area consists of a Mineral Lease (Mineral Lease 28) that includes the Copperman zinc-copper deposit. Traditional exploration was not hindered in the immediate area of the Lease by the veneer of Ordovician dolomite that obscures bedrock further south. The southern extensions of the prospective volcanic rocks are overlain by dolomite and in the absence of outcrop of the Flin Flon – Snow Lake greenstone belt indirect methods of exploration based on geophysics and geochemistry are required. 

The general area of the Copperman deposit was prospected since the early 1920s and trenching, geophysical surveys and diamond drilling were undertaken between 1927 and 1929. Leases were established for Manitoba Basin Mining Company Limited in 1933 and these leases were optioned to Sherritt Gordon Mines Limited in 1948. In 1952 the claims were assigned to Copper-Man Mines Limited who then drilled 41 holes outlining significant mineralization. Newmont Mining Corporation of Canada Limited drilled a further seven holes. Hudson Bay Exploration and development flew the area with an airborne EM system in 1965. Copper-man Mines Limited drilled an additional 33 holes between 1966 and 1967.

Drilling on the Copperman property in 1967 by Western Nuclear Mines indicated that the “A” zone of the Copperman deposit contains 149,672 tonnes with 3.08% Cu and 3.08% Zn. Combined reserves of 221,308 tonnes with 2.63%Cu and 4.46% Zn were reported in Manitoba Mineral Deposit Series Report 21. Grab samples from the trenches assayed up to 12% Zn and 2.3% Cu. Currently the Lease is held under option by VMS Ventures from Dalton Dupasquier.

Philosophy of VMS Ventures Exploration
At the Copperman Project the recognition of base metal massive sulphide-type mineralization and the potential for extensions to this mineralization provides an excellent case for follow-up exploration on the property. The presence of additional copper-zinc mineralized zones in this stratigraphy includes the Sylvia and Kof Zones at the far southern end of the project. Subsequent to historical exploration data review an integrated geological-geophysical-geochemical exploration program to assess the Copperman Project area for additional base metal massive sulphide-type mineralization and associated precious metal mineralization was initiated. Due to dolomite cover the initial phase of exploration on this project will consist of geophysical and geochemical targeting with diamond drill follow-up.

Geology
The area of the Copperman zinc-copper deposit is characterized by variably altered mafic volcanic rocks flanked to the northwest by mafic intrusive rocks and overlain to the south by dolomite. These Proterozoic volcanic rocks, which also host base metal massive sulphide deposits in the Snow Lake area, continue southwards from the Reed and Copperman areas where they are covered by a thin veneer of flat-lying limestone that gradually increases in thickness to the south.

The sub-Paleozoic southwest-trending greenstone belt that underpins the Copperman Project consists primarily of juvenile arc volcanic rocks including mafic and felsic volcanic and volcaniclastic rocks, greywacke and derived gneiss. This sequence is intruded by a compositionally diverse suite of lithologies including gabbro, diorite, quartz diorite, leucocratic granodiorite to tonalite, granite and syenite to monzonite. This sequence is flanked to the east and in fault contact with graphitic greywacke and derived gneisses and migmatite that are intruded by monzodiorite to quartz monzonite.

Geophysics
VMS Ventures Inc. conducted an airborne geophysical survey over the property in early 2007 using GEOTECH’s VTEM system. The modelling of airborne geophysical survey data was completed by Condor Geophysics of Denver, Colorado. A number of well-defined conductors were identified. Some of the conductors were drilled previously and found to contain pyrite and graphite rock units, but others are not known to have been tested to date. These anomalous VTEM responses indicate the presence of bedrock-hosted conductive metals such as copper and zinc bearing sulphide with associated gold and silver as well as graphite and the iron sulphide minerals pyrite and pyrrhotite. Of importance is the recognition of VMS-style alteration associated with some of the undrilled conductors. Follow-up geochemical surveys have been initiated and VTEM anomalies with coincident geochemical survey results become targets for follow-up drill testing.

Geochemistry
Partial extraction soil geochemical surveys have been initiated on the property and are part of a much larger survey that is attempting to cover the additional project areas to the south. An active exploration history in the Copperman area has resulted in significantly disturbed soil profiles. As a result there has been limited soil geochemical sampling undertaken. The intent was to identify any airborne EM responses with anomalous metal contents. Once these areas were delineated then a more detailed grid-based soil geochemical survey would be undertaken to pinpoint follow-up exploration. Coincident multi-element base and precious metal anomalies and VTEM geophysical responses will help to focus diamond drilling in the future.

Deposit Types
Base metal massive sulphide-type mineralization hosted within a sequence of altered volcanic rocks and chemical sedimentary rocks or exhalites are indicative of volcanogenic massive sulphide-type base metal mineralization (“VMS”). This deposit type is representative of Flin Flon belt VMS deposits and includes the Discovery Zone at Reed Lake. It is the target at the Copperman Project.

Current Activities on the Property
A MMI report on 2008 soil sampling that covers a portion of ML 28 which hosts the Copperman deposit has been completed. Reconnaissance MMI soil geochemical surveys have successfully delineated areas of anomalous base and precious metal response. These areas are currently being followed up by the establishment of detailed sampling grids over these “hot-spots” and the collection of samples at interval distances appropriate to the mineral deposit model established for this project area. Compilation work on historical drill hole and other data sets is underway. This work will guide the next phase of exploration on the project. Core logging and sampling has been conducted with a final report being completed. The report has been prepared and is submitted to the Manitoba Mining Recorder.

A VTEM survey over the adjacent Hood Option claims located immediately north of the Copperman Mineral Lease covered part of the property in March 2010. These results are complete and will be submitted with Condor's modelling data.

In 2011, there were no activities on the property.

Future Activities on the Property
A complete compilation of all historical exploration data, including drill hole data for the property will be completed in 2012. An exploration program designed, to identify prospective drill targets or areas on which to survey using deep penetrating geophysical and possibly geochemical surveying to identify drill targets in then anticipated.

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