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News Releases:

January 17, 2011
Fjordland Reports Copper-Gold Mineralization in Reconnaissance Drilling at Moffat Project, British Columbia (more...)

December 29, 2011
Fjordland Closes Financing (more...)

December 15, 2011
Fjordland Announces Allocation of Cost Base on Spin-Out Completion (more...)

December 13, 2011
Fjordland to Complete Flow-Through Private Placement (more...)

December 12, 2011
Fjordland Encouraged by Initial Results at Red Lobster SEDEX Target, West of Sullivan Mine, British Columbia (more...)

November 29, 2011
Fjordland Completes Plan of Arrangement (more...)



Market Coverage:

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...)

August 2010
Copper Mining in Canada
(read more...)

 


 

QUEST JV Properties


Quesnel
Trough



Property
Locations


 

» Properties

In July 2007 Fjordland and Serengeti Resources Inc (TSX-V:SIR) signed a "Letter of Intent" to explore for porphyry-related precious and base metals, targeting the Quesnel Terrane between Williams Lake and Fort St James. Both companies initially had a 50% interest in the option agreement, however, through dilution Serengeti currently has a 63.7% interest.

In 2007 a total of 28 properties totalling 1,482 square kilometres were acquired comprising the QUEST JV. Fjordland and Serengeti acquired the properties based on publically available historic geophysical, geological, and geochemical information. Currently, there are 12 properties in the QUEST JV.

On September 21, 2011 six of the properties (Rob, Ping, Reid Lake, ST, PG, and MP), totalling approximately 27,700 hectares, were optioned to Xstrata Copper Canada, a business unit of Xstrata Canada Corporation. The agreement provides Xstrata the right to earn an initial 51% interest in the properties by funding $5 million in exploration expenditures and making firm and optional cash payments to the joint venture over four years, totalling $325,000. Xstrata has the right to earn an additional 14% interest for an aggregate 65% interest in the properties by completing a feasibility study or incurring no less than an additional $25 million in expenditures on the properties.

The Properties lie within the early Mesozoic-aged Quesnel Trough, a large regional depositional feature extending 2000 kilometres from the U.S. border in the south to the Stikine River in the north. The Quesnel Trough assemblage hosts numerous deposits of porphyry gold-copper style mineralization (see Quesnel Trough map) generally related to dioritic or monzonitic sub-volcanic intrusive bodies including the Mount Polley, Kemess, Kwanika, Quesnel River (QR) and Mt Milligan deposits.

Much of the area underlain by the properties is covered by glacial overburden, which has historically hampered conventional exploration. As such, this region represents a significantly under-explored area.

» Exploration

In late 2007 to early 2008 airborne magnetic surveys at 250-metre line spacing were completed on 18 of the origianl 28 properties.

Follow-up reconnaissance scale IP surveys totalling approximately 130 line-kilometres were completed over the most favourable magnetic anomalies on 11 of the QUEST properties. The 2008 IP surveys resulted in strong, coincident chargeability/resistivity anomalies on 7 of the 11 properties tested and weaker anomalies on 2 of the remaining 4 properties tested. Exploration is ongoing.

 

 

 

 

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



 
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