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News Releases:

June 19, 2015
Fjordland Announces Non-Brokered Private Placement (more...)

May 29, 2015
NI43-101 Report on the South Voiseys Bay Property (more...)

May 19, 2015
Loan Transaction (more...)

March 2. 2015
Geophysical Survey Outlines Strong Conductors on South Voisey's Bay Nickel Project (more...)

December 18, 2014
Fjordland Announces Non-Brokered Private Placement (more...)

December 17, 2014
Fjordland and Commander Amend Agreement on South Voisey’s Bay Nickel Project (more...)

November 18, 2014
Fjordland and Sumac Drill 153 Metres Grading 0.20% Copper and 0.09 g/t Gold on Dillard Property, Southern British Columbia (more...)



Market Coverage:

March 2013
INN Video Interview with Tom Schroeter at the 2013 PDAC (more...)

October 2011
Fjordland and JV partners Cariboo Rose are proceeding with the spin-out to shareholders interests to a new company that will be listed separately (read more...)

June 2011
Gold Exploration Heats Up in British Columbia (read more...)


 

Dillard Property


BC Location


Location

Geology

Cu-in-Soils

Au-in-Soils


Magnetics


IP Chargeability

 

 

» Location and Summary

The Dillard Property is located approximately 35 kilometres north of Princeton, where
Copper Mountain Mining Corp. recently put the Copper Mountain (Similco) copper-gold-silver mine back into production, with measured and indicated resources estimated at 326 million tonnes grading 0.373% Cu, and inferred resources of 169 million tonnes grading 0.29% Cu, plus gold and silver credits (2012). Gold Mountain Mining Corp.’s recently acquired past-producing Elk gold-silver mine lies approximately 15 kilometres to the northeast of Dillard.

» Ownership

The Dillard Property is composed of Dillard East, co-owned by local prospectors, and Dillard West, 100% owned by Fjordland.

On August 31, 2011 Fjordland signed an option agreement with private vendors to purchase a 100% interest in the 2,200-hectare Dillard East claims. Fjordland may make staged cash payments to the vendors totaling $180,000, may issue a total of 1,500,000 common shares of the Company in stages and may expend $2,500,000 in exploration in stages on the Property over a five-year period. The Company will also reserve a 3% net smelter return royalty (NSR) for the vendors that may be bought down by the Company to a 1.5% NSR for $2,000,000.

On February 7, 2012 Fjordland signed an option agreement with Almaden to purchase a 100% interest in the 400-hectare Dillard West claim, subject to a 2% NSR, which Fjordland has the option to purchase 50%. Fjordland has currently earned in a 100% interest in the property and if Fjordland completes a NI 43-101 Resource Estimate on the Property, it will issue an additional and final 1,500,000 common shares of Fjordland to Almaden.

On April 3, 2013 Fjordland signed agreements with Sumac Mines, a subsidiary of Sumitomo Metal Mining Co of Japan, on combined Dillard East and West properties, collectively called "Dillard". Sumac may earn a 51% interest in Dillard by making total expenditures of $3.5 million over 3 years (see April 4, 2013 news release for details).

» History

Numerous historic exploration programs were completed on the Property and surrounding area including property wide soil geochemistry, geological mapping, trenching and drilling. Previous exploration on the Property includes work by Noranda (1972-1973), Cominco (1981- 1983), Almaden (1987-1991) and Placer Dome (1989-1991). Since then and until recently, there has been no significant exploration in the immediate area.

» Exploration

In 2011, a prospecting program was completed identifying numerous new exposures from recent and current logging operations. Grab samples taken by Company
geologists during initial site investigations yielded assays up to 1.64% copper, 7.4 ppm silver, 0.025 ppm gold and 56.9 ppm molybdenum from new exposures in altered Nicola Group volcanic rocks and up to 28.9 g/t gold and 11.4 ppm silver from a quartz vein in granodiorite on the eastern portion of the property.

In 2012, 23.3 line-kilometres and 11 line-kilometres of ground magnetic and induced polarization surveys were completed over selected areas of the property. These surveys led to the identification of coincident copper-gold soil and IP anomalies in two areas in Dillard East measuring approximately 2,000 metres by 800 metres and 1,500 metres by 1,000 metres.

In 2013, exploration consisted of 17 lines totaling 43.3 line kilometres of ground magnetics and induced polarization surveys. In addition, a high - resolution helicopter - borne magnetic and radiometric survey totaling 293 line-kilometres was flown over the entire property.

A 6-hole, 2600 m reconnaissance drill program was completed on both the Dillard East and West portions of the property. Four holes totaling 1,588 metres and two holes totaling 1,012 metres were completed on the Dillard West and Dillard East targets, respectively. The Dillard West target, measuring approximately 1,400 metres by 1,200 metres, includes coincident induced polarization chargeability and copper and gold soil anomalies. Hole DI 13 - 04 returned 158.5 metres grading 0.2% Cu and 0.10 g/ t Au. Additional copper and gold intersections were reported from holes DI 13 - 03, 05 and 06

In 2014, exploration program consisted of soil sampling (243), trenching (2,000 metres), and diamond drilling (14 holes totalling 5,574 metres). Trench T14-06 hosted the largest copper interval including a 27 metre zone averaging 0.13% Cu. Sub-economic intervals of copper mineralization were intersected in all of the drillholes.

Soil sampling identified gold anomalies independent of copper mineralization. Drilling and trenching in the Dillard East portion of the Property intersected near surface gold mineralization including:

T14-06: 0.52 g/t Au/12.0m
DI14-16: 0.4 g/t Au/20.0m
(incl 1.15 g/t Au/3.0m)
DI14-16b: 1.2 g/t Au/12.0m
(incl 2.9 g/t Au/6.0m)

Gold mineralization is similar in geological setting and occurrence as that found at nearby Gold Mountain Mining Corp's Elk deposit, which resently posted reserves containing 300,000 ounces of gold.

Fjordland was the operator of the project on each phase of exploration.

 

 

Note: John Peters, PGeo is the QP who has reviewed the data presented.

Last update on May 7, 2015

 

 

 


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