Location

Regional Magnetics (TF)

Property IP Chargeability

2008 IP Chargeability

2008 IP Resistivity

 

The Mil Property lies approximately 80 kilometres north of Fort St James and 15 kilometres southwest of Terrane Metals' Mt. Milligan copper-gold deposit, which is currently progressing towards development. The property consists of 33 mineral claims with a total area of 13,920 hectares. The property is completely covered by glacial overburden, which has historically hampered conventional exploration.

The Mil Property encompasses 2 large regional-scale aeromagnetic highs generally trending in a northwesterly direction. One linear trend passes through the eastern portion of the property northwesterly to the Nation River. A larger, strongly magnetic anomaly measuring ten by five kilometres in diameter extends from the south of the property northwesterly to Witch Lake.

An IP survey, testing the large linear trending magnetic anomaly, was completed in 2008. Coincident induced polarization (IP) chargeability and resistivity high anomalies flank a prominent magnetic high anomaly. The target measures 1500 meters by 1000 meters and is interpreted to lie approximately 75 to 100 meters below surface and beneath the depth of penetration of prior IP surveys.

Results from historic soil geochemical surveys available in government open files indicate coincident copper+gold anomalies in glacial till with values up to 2,300 parts per billion Au, immediately east of the geophysical target. The glacial ice movement is interpreted to have been from west to east, which would potentially place the gold source in the vicinity of the geophysical target.

In October 2009, three holes totaling 790 meters were drilled testing two targets. Two holes testing an IP anomaly in the eastern portion of the block did not return significant values. A third hole, testing an IP anomaly in the central portion of the property, encountered mafic volcanics cut by feldspar porphyry dykes beneath deep overburden. Copper values increased over the final 50 meters of the hole, with the strongest values 0.11% copper over the last eight meters in a strongly pyritic and silicified zone. This suggests that the target lies below the depth tested by this hole. The results at Mil will be integrated with prior exploration data to determine the next steps at this well located property.