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The Sails project is situated
approximately 20 km east of the town of Snow Lake.
The Sails property was prospected for gold at different times over
the past 60 years. The recent discovery of chemical sediments commonly
associated with VMS type mineralization prompted the company to option
the property and stake adjoining claims to cover the favorable
stratigraphy.
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A reconnaissance survey in 2006
established that the geological setting is similar to that found in the Snow
Lake area and confirmed that chemical sedimentary rocks are present at a break
in the volcanism.
A soil geochemical survey detected several base metal anomalies in the vicinity
of old trenches. A previous drill hole in the area reportedly contained
approximately 7% zinc and minor copper mineralization over a 60 cm core length.
VMS Ventures Inc. conducted an airborne geophysical survey over the property in
early 2007, which identified a number of well-defined conductors. Follow-up
geochemical surveys and drilling will take place on the more promising
electromagnetic anomalies in 2008.
CLICK TO ENLARGE
Value Proposition
Geological Setting: Flin Flon - Snow Lake
Greenstone Belt. Proterozoic Marine Volcanic Rocks
VMS Target: Multiple 5,000,000 Tonne (plus) Copper-Zinc deposits
World Class Deposits: Flin Flon, Manitoba (Cu, Zn, Au, Ag) 60,000,000 Tonnes
Kidd Creek, Ontario, (Cu, Pb, Zn, Au, Ag) 150,000,000 Tonnes
Value Proposition: 5,000,000 Tonnes grading 2.5% Copper equals 50 lbs/tn at price of
3.50/lb totals US$175.00/tn plus 4.5% Zinc which equals 90 lbs/tn at a price of
$1.50/lb totals US$135/tn for Zinc.
Total contained metal (Gross Metal Value) = $310 X 5,000,000=US$1.55 billion US
(Excluding Gold and Silver credits which can be
significant in these deposits)
Disclaimer: This value will,
obviously, be discounted significantly, as it represents the value of metal
prior
to all the costs associated with mining, but we provide it to give
readers some context;
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