- The expanded
IP Survey has discovered a 600 m wide, high chargeability anomaly suggestive of an intrusion and possible porphyry Cu-Au target. The target may be the source for the surface alteration and remains open in width and depth (See Figure 2 below or Click Here); - Two additional, shallow, high chargeability anomalies located beneath the Discovery Showing potentially represent the upper levels of a porphyry system;
- Geological mapping has traced strong QSP alteration from the Discovery Showing for over 1 km to the east until it becomes covered by the retreating
Twin Glacier (See Figure 1 below or Click Here); and - The most easterly line of the expanded
IP Survey delivered the strongest and widest chargeability anomaly and outlines a drill ready target. Additional geophysics work is planned to cover the remaining 500 m of alteration and confirm the size of this open system.
An initial four lines (6 line-km) of IP were planned over the Discovery Showing with the goal of characterizing the rocks to a depth of 500 m. Prior to the
Inversion and 3D modelling of the IP chargeability and resistivity data has identified three highly chargeable zones below the mapped QSP alteration. Two shallow (~75 m below surface) anomalies below the Discovery Showing and a third much larger body (Zappa) is open to depth (>400 m below surface) and is expanding eastward to the margins of the survey. The 600 m wide Zappa chargeability anomaly comes to surface directly below the recently mapped QSP alteration zone and represents a potential heat source for the surface alteration. The geological team has modelled Zappa and believes it demonstrates characteristics and shape of an intrusion that has caused the alteration above.
The Zappa anomaly provides large scale potential for a discovery in a jurisdiction with many major porphyry Cu-Au-Mo deposits nearby including Saddle North, Red-Chris and the KSM trend. It is also encouraging that the showing is located adjacent to the "Red Line" Triassic-Jurassic unconformity that would suggest the anomaly is of the favourable early Jurassic age intrusions that have driven most of the mineralization in
The Discovery Showing was first worked in the 1980's by
Identification of the Zappa anomaly has greatly increased the prospectivity of the Discovery zone and is now a high priority for drill targeting in 2023. Further IP lines to the east are planned to delineate the full extent of the Zappa anomaly. With minimal work at the start of the upcoming field program, the team will be able to drill test the significant chargeability anomaly with the goal of targeting a copper-gold rich potassic center.
The geological team is still in the process of interpreting the remaining survey at the Heather Target and will release the data in the coming weeks, along with geochemical results from property wide prospecting and sampling.
Technical aspects of this news release have been reviewed and approved by
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