» Properties
In December 2010 Fjordland acquired a 100% interest in
8 properties (116 claims) totaling 60,047 hectares through
staking; the claims are located between 7 km and 58 km
from the area of current interest at Iron Range, and cover
existing mineral occurrences, geologically favourable
Aldridge Formation sedimentary rocks and numerous potentially
very significant north-striking faults. The property is
located north of the Eagle Plains Ltd. (TSX-V: EPL) and
Providence Capital Corp. (TSX-V: PV) Iron Range Project
and west of the Sullivan mine in Kimberley BC.
Upon completion of the 2011 exploration program, all
but 2 properties were allowed to lapse. Currently, the
Iron Range Project consist of the the St Mary and Bootstrap
proprties comprising 7,547 ha.
» Local Activity
The Sullivan mine, which operated for nearly 100 years,
is a lens-shaped deposit measuring 1.5 km by 2 km across
and 10 m to 100 m thick. It produced 298 million ounces
of silver, 8 million tonnes of zinc and 8.4 million tonnes
of lead from approximately 150 million tonnes of ore (Source:
BC Minfile), and valued at about $30 billion at today`s
metal prices.
On December 2010, Eagle Plains and Providence Capital
reported that they had recently completed 10 drill holes
totaling 3,337 m on their Iron Range Project, located
approximately 12 km northeast of Creston, BC. The partners
stated that they were “testing the stratigraphic
interval (Proterozoic Lower-Middle Aldridge Formation
contact), known to host the giant Sullivan deposit, 70
km to the northeast”. They also stated that they
are “targeting both base metals (sedimentary exhalative,
SEDEX) mineralization (e.g. Sullivan mine) and precious
metals (iron-oxide-copper-gold, IOCG) mineralization”.
Selected intervals from Hole 10 include:
• 192.0-206.0 m (upper sulphide interval): 14.0
m @ 5.1g/t Au, 1.86% Pb, 2.1% Zn, 75.3g/t Ag
• 224.0-280.5 m (intensely altered, including lower
sulphide interval at Sullivan-time horizon): 56.5 m @
1.9g/t Au, 0.44% Pb, 0.59% Zn, 21.5g/t Ag; elevated Cd,Sb,Sn,Bi,Cu
The styles of mineralization and alteration, recently
reported by Eagle Plains and Providence Capital, including
semi-massive to massive sulphides, intense albite+/-tourmaline
and silica alteration and breccias textures have been
interpreted to indicate the proximity to the favourable
contact stratigraphic horizon which hosts the Sullivan
deposit. In addition, anomalous quantities of gold have
been encountered, perhaps associated with arsenopyrite,
a mineral often associated with gold (see Eagle Plains’
news releases dated December 1, 2010 and December 21,
2010 for details).
The north-trending Iron Mountain Fault (IMF) complex,
which hosts the Iron Range mineralization and several
other known mineral occurrences, consists of a number
of north-striking faults which occur across an east-west
extent of about 3 km and a strike length of approximately
90 km. Within the Iron Range Property boundaries the central
core of the IMF is reported to be up to 150 m in width
and a strike length of greater than 50 km, with a zone
of intense hydrothermal alteration and brecciation associated
with iron oxide.
The combination of stratigraphic orientation, local topography
and a well-established road network should allow drill
testing of the favourable Sullivan time horizon with relatively
short drill holes (200 m to 300 m), in contrast to similar
targets elsewhere in the Purcell Basin.
» Exploration
Fjordland completed an agressive exploration
program on several properties in the area in 2012. Two
lead-zinc-gold trends in soils was delineated on the western
potion of the property along the Sulliven Horizon of rocks.
Addtional exploration is planned to extend these anomalies.
Note: John Peters, PGeo is the QP who has reviewed the
data presented.
