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Yukon - Tintina Gold Belt
Antimony Mountain, Yukon Project
Property Overview
The Antimony Project is located approximately 65 km northeast of Dawson City, Yukon Territory, Canada. It consists of 478 hard rock (quartz) claims and covers an area of approximately 9,617 hectares. The western boundary of the property crosses the Dempster Highway. Access to the property from Dawson is via a 25 minute helicopter trip. Staging for the camp and most supplies was carried out south of Wolf Creek, in a gravel pit at km 50 on the Dempster Highway.
The Company has an option to earn a 100% interest in the Antimony Project, subject to a 4% NSR of which 3% on 422 quartz claims can be bought back for $3,000,000 and a 2% NSR on 56 quartz claims of which 1% can be bought back for $500,000.
Historical Exploration
Veined stibnite mineralization was first discovered in the Antimony Mountain area in 1916 -- 1918. No additional was work was completed until Conwest Exploration completed a limited mapping and sampling and a diamond drill program on the newly discovered auriferous quartz-tourmaline- pyrite- arsenopyrite- pyrrhotite AJ Vein. Smaller surface programs were carried out by various operators and Anaconda Exploration (1980) and Total Energold (1989) completed limited drilling on the JC, Rainbow and AJ Veins, respectively. Additional surface work was completed by Kennecott (1994 -- 1998) but the claims lapsed. Ryanwood staked the property in 2004 and in 2005 discovered the Golden Wall showing. Logan optioned the property from Ryanwood and completed a property wide airborne geophysical survey, mapping and geochemical sampling. Logan dropped its option and it was optioned to the Company in 2009 from Ryanwood. Certain additional claims covering the Antimony Stock were optioned from Strategic Metals Inc. in early 2010.
Mineralization and Geology
The property is located on the western edge of the Selwyn Basin. The Selwyn Basin is bounded on the south by the Tintina Fault (and the Yukon-Tanana Terrane) and bounded on the north by the Dawson Thrust Fault (and the North American Shelf).
The property is underlain by Upper Proterozoic to Early Cambrian Hyland Group which is consists of rusty weathering gritty quartzite, sandstone, and quartz-pebble conglomerate with minor interbeds of limestone, calcareous sandstone and shale; and black, maroon and green shales and slates. The Antimony Mountain stock is the same age as the Tombstone Suite intrusions (middle Cretaceous). It is a feldspar porphyritic hornblende monzonite with a quartz-monzonite core and measures approximately 7 by 3.5 km. Several smaller instrusives have been mapped northwest of the stock.
Mineralization on the property has been found in several east-west to northeast-southwest trending veins/structures, the most notable being the AJ Vein. The AJ vein is a high-grade massive quartz-sulphide vein comprising pyrrhotite-arsenopyrite-pyrite-chalcopyrite within coarse-grained quartz (30%) and fine-grained massive tourmaline (20-30%). The vein strikes nominally eastwest on the south side of Cody Creek, and dips 75° to the south. On the north side of Cody Creek, the vein changes direction, striking N78°W and is truncated to the west by a quartz monzonite intrusive body thought to be the Antimony Mountain stock. To date, every drill hole has intercepted well mineralized vein material with a true thickness varying between 1.0 and 2.5 m and averaging 1.4 m. The vein is open down-dip and to the east and the chlorite and calc-silicate altered rocks adjacent to the vein may also be mineralized. The AJ vein is only a small part of the Company's significant property position at Antimony Mountain, which also has potential for bulk tonnage gold mineralization, intrusive-hosted Fort Knox style veins, and base metal mineralization. Mineralization is also stratabound, replacement-type with massive to disseminated sulphides (arsenopyrite, pyrite, and pyrrhotite) in limy Proterozoic sediments at the Golden Wall showing.
Current Work
Drilling in 2009 was targeted at locally defining the tenor and distribution of gold within the AJ vein and surrounding rocks, and to allow for an estimate of grade over a short section. The Company drilled 12 diamond drill holes (AJ09-14 to AJ09-25) for a total of 1,142 metres. Nine holes were drilled from the first set-up, located 75 m east of Cody Creek and the remaining three holes were drilled from a second pad located 80 m northwest of the first pad and on the banks of Cody Creek. Nine of the twelve holes drilled on the AJ vein intersected multiple zones of gold mineralization > 1 gpt with variable amounts of quartz, tourmaline, arsenopyrite, pyrite, pyrrhotite and chalcopyrite. All holes except AJ09-23 reached the target depths of 75 -- 125 m. The AJ vein and/or smaller subsidiary veins were encountered in all eleven drill holes that reached the target depth. Zones of higher grade gold mineralization show corresponding enrichments in arsenic, bismuth, antimony, tellurium and silver concentrations. Contact metamorphosed and hydrothermally altered quartzite and greywacke host the mineralized veins. These rocks also host calc-silicate hornfels and skarn zones associated with the intrusion of the Tombstone-age Antimony Mountain stock.
The proposed 2010 exploration program on the Golden Wall consists of two parts:
- detailed mapping of the area to identify the contacts of igneous intrusions thought to be related to gold mineralization and to determine the orientation of sedimentary rocks favourable for hosting mineralization, and
- 1,500 m of RC drilling to test the Golden Wall target.
Drilling will utilize a heli-portable RC drill operating out of an air-supported field camp located on the property.
Summary of Results
The 2009 drilling program by The Company carried out on the AJ vein was designed to define the thickness and attitude of the vein. The Company drilled 12 diamond drill holes (AJ09-14 to AJ09-25) for a total of 1,142 metres. Nine of the twelve holes drilled on the AJ vein intersected multiple zones of gold mineralization > 1 gpt Au with variable amounts of quartz, tourmaline, arsenopyrite, pyrite, pyrrhotite and chalcopyrite. Highlights are presented in Table 1.
All holes except AJ09-23 reached the target depths of 75 -- 125 m and predominantly intersected variably deformed quartzites and meta-greywackes. Gritstone occurred as interbeds within the meta-greywacke and occasionally with the mineralized veins. Rare layers 0.5 to 3.0 m thick of quartz pebble conglomerate occurred within the quartzites and meta-greywackes in most holes. Dark grey biotite porphyritic dykes were observed in most drill holes. A feldspar porphyry was observed in holes AJ09-24 and 25. Silicification was common throughout, as less prevalent but still common was chloritization. Calc-silicate skarn-type alteration occurred sporadically, but was common in the bottom of AJ09-24 from 86.75 to 116.13 m. A small patch of garnet-pyroxene skarn was observed in AJ09-20 at 88 m.
The following table presents significant results from The Company's 2009 exploration program
Antimony Project, Yukon - 2009 Drill Results
Select Significant Intercepts > 0.5 gpt Au |
| Drill Hole # |
From
(m) |
To
(m) |
Interval (m) |
Au
gpt |
Interval
(ft) |
Au
opt |
| AH09-014 |
48.85 |
49.17 |
0.32 |
4.50 |
1.0 |
0.13 |
| and |
66.79 |
68.85 |
2.06 |
3.29 |
6.8 |
0.10 |
| AH09-016 |
67.55 |
68.55 |
1.00 |
5.48 |
3.3 |
0.16 |
| AH09-017 |
62.71 |
63.20 |
0.49 |
5.55 |
1.6 |
0.16 |
| and |
70.70 |
75.58 |
4.88 |
12.45 |
16.0 |
0.36 |
| incl. |
70.70 |
73.15 |
2.45 |
28.81 |
8.0 |
0.84 |
| incl. |
71.15 |
72.53 |
1.38 |
32.78 |
4.5 |
0.96 |
| and |
90.42 |
90.73 |
0.31 |
9.24 |
1.0 |
0.27 |
| AJ09-018 |
42.97 |
43.53 |
0.56 |
14.56 |
1.8 |
0.43 |
| and |
73.65 |
77.01 |
3.36 |
7.61 |
11.0 |
0.22 |
| incl. |
76.41 |
77.01 |
0.60 |
33.50 |
2.0 |
0.98 |
| AJ09-019 |
49.66 |
63.54 |
13.88 |
2.30 |
45.5 |
0.07 |
| incl. |
60.90 |
63.54 |
2.64 |
8.58 |
8.7 |
0.25 |
| AJ09-020 |
74.44 |
79.79 |
5.35 |
3.37 |
17.5 |
0.10 |
| incl. |
78.22 |
78.91 |
0.69 |
9.96 |
2.3 |
0.29 |
| AJ09-021 |
66.28 |
69.43 |
3.15 |
25.06 |
10.3 |
0.73 |
| incl. |
67.00 |
67.51 |
0.51 |
112.43 |
1.7 |
3.28 |
| incl. |
68.75 |
69.06 |
0.31 |
20.58 |
1.0 |
0.60 |
| AJ09-022 |
79.10 |
79.85 |
0.75 |
22.22 |
2.5 |
0.65 |
| incl. |
79.10 |
79.85 |
0.75 |
48.09 |
2.5 |
1.40 |
| AJ09-025 |
32.24 |
33.05 |
0.81 |
4.73 |
2.7 |
0.14 |
Fredy Marino, PGeo, is the Qualified Person as defined under National
Instrument 43-101 who has reviewed and verified the information
presented on the Antimony Project.
2010 Photos
(Above photos By Cathie Archbould, Archbould Photography)
2009 Photos
News Releases
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