Search: 
Projects

Cowan River Project

Location

The Cowan River project is located in Mineral Exploration License 268A and is 7.5 km east of the Company’s Reed Lake copper-zinc deposit and 8.1 km west of the past producing Spruce Point deposit and 1.5 km south of provincial road 39. It is also located 45 km southwest of the Town of Snow Lake. The Cowan River project occurs within the same belt of volcanic rocks that hosts numerous VMS-type deposits, including the past-producing Dickstone copper-zinc mine. The strongly chloritic style of alteration of the Cowan River host basalt and the high grade copper mineralization closely resemble the Reed Lake deposit. Koop Geotechnical has completed a borehole pulse electromagnetic survey. The property will be converted to claims in 2012.

At Cowan River, airborne geophysical targets (VTEM) were tested by five drill holes totalling 1500 metres. Hole RE-11-001 intersected 6.59 metres of 2.25% copper and 0.61% zinc including 1.37 metres of 9.81% copper and 1.46% zinc in near solid and disseminated sulphide within chloritized basalt. The intersection occurred approximately 75 metres vertically from surface. Pervasive chloritization of the footwall basalt and the style of copper-rich mineralization are similar to the Reed Lake deposit and is typical of alteration associated with volcanogenic massive sulphide-type deposits. The style of sulphide mineralization resembles the stringer zones ‘feeder pipe’ material which occurs in the footwall or beneath massive sulphide deposits. As well, this discovery is spatially related to the former Spruce Point mine and VMS’ Reed Lake discovery.

The original drill targeting for this discovery was Geotech Ltd. Versatile Time-Domain Electromagnetic survey (VTEM) with interpretation completed by Condor Consulting Ltd. of Denver, Colorado. This data was then incorporated into ArcView (GIS) and Gemcom® and integrated with historical and geochemical data. Boreholes have now been completed using pulse electromagnetic technology (BHPEM) and new anomalies have been identified and incorporated into the Company’s 3D model. In April, 2011, Koop Geotechnical Services Inc. completed bore hole surveys and a DPEM survey on bore holes: RE-11-001, 003, 004, and 005.

Additional ground time-domain electromagnetic survey and was completed in early January 2012. Follow-up drilling is completed with results pending.

Assay data and collar information for Cowan River drilling:

 

Hole Number

From (m)

To (m)

Length (m)

Cu%

Zn%

Au (g/t)

Ag (g/t)

RE-11-001

101.78

108.37

6.59

2.25

0.61

0.28

4.72

102.24

103.61

1.37

9.81

1.46

1.05

19.48

RE-11-002

No Significant Assays

RE-11-003

No Significant Assays

RE-11-004

100.19

101.24

1.05

0.97

0.05

0.03

2.10

124.40

124.96

0.56

1.32

0.08

0.03

4.70

183.01

184.06

1.05

2.12

0.10

0.21

3.65

206.47

208.30

1.83

0.05

2.04

0.03

1.94

RE-11-005

90.83

91.49

0.66

1.00

0.06

0.03

3.35

205.21

207.45

2.24

0.23

1.83

0.03

0.88

224.82

226.55

1.73

0.94

0.01

0.03

1.35

*True widths unknown*

 

Hole Number

UTM East(1)

UTM North(1)

Elevation(1)

Azimuth(2)

Dip

Length (m)

RE-11-001

401655.00

6047750.00

283.00

270.00

-50.00

239.00

RE-11-002

403980.00

6048350.00

287.00

290.00

-50.00

287.00

RE-11-003

402545.00

6048687.00

295.00

90.00

-50.00

379.00

RE-11-004

401650.00

6047788.00

283.00

235.00

-62.00

281.00

RE-11-005

401650.00

6047788.00

283.00

215.00

-67.00

314.00

(1) Universal Transverse Mercator/North American Datum 1983/Zone 14

(2) “Azimuth” is degrees from True North

Powered By Q4 Web Systems 3.8.2.5449