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Yukon - Tintina Gold Belt
Clear Creek, Yukon Project
Property Overview
The Clear Creek Project, comprising 132 quartz claims within the Dawson Mining District, is located 110 km east-southeast of Dawson City and 65 km northwest of Mayo, in the Yukon Territory. The project lies within the Tintina Gold Belt.
The Clear Creek Project lies in the headwaters of the still active Clear Creek placer mining area. Placer mining has produced approximately 129,000 oz Au since 1941, and historical placer operations date back to the early 1900s.
On the Clear Creek Project, anomalous gold values in soil and rock are associated with the Rhosgobel, Steiner, Josephine, Far, Pukelman, Saddle, Eiger, and Barney stocks, as well as with the Bear Paw Breccia Zone.
The Company has the right to earn a 100% interest in the property, subject to a 3% NSR, of which 1% on 77 quartz claims can be bought back for $1,000,000 and 2% on 55 quartz claims can be bought back for $1,500,000.
Historical Exploration
The area has a rich prospecting history dating back to the early 1900s, with modern exploration efforts commencing in the late 1970s. Bema Industries, working on contract from Canada Tungsten Corporation, was the first company to recognize potentially significant gold mineralization in 1978. Since this initial effort, various companies have conducted limited campaigns including programs by Gold Rite Mining Corp., Noranda Exploration Ltd., Ivanhoe Goldfields Ltd./First Dynasty Mines Ltd., Kennecott Canada Inc., Newmont Exploration Limited, Redstar Resources Corporation, and most recently StrataGold Corporation (now Victoria Gold Corp.).
Following up on results by previous explorers, Noranda Exploration Ltd. conducted extensive soil and rock chip sampling, ground geophysical surveys, trenching, road building, and a six hole RC drilling program in 1991 and 1992. Two holes were drilled on each of the Eiger, Saddle, and Pukelman stocks for a total of 654m.
In 1995, Kennecott Canada Inc. completed drilling, soil sampling and 320 m of bulldozer trenching. The 27 hole (1971 m) RC program on the Rhosgobel stock identified a east-west trending zone 1200 m long, 200 m wide and 65 m deep. The average grade of the gold mineralization in this 40 MT zone is at least 300 ppb Au, with a higher grade core zone of approximately 1.5-2.0 MM grading from 0.75-1.25 gpt Au (Coombes, 1995). The size and grade estimate is conceptual in nature, as there has been insufficient exploration to define a mineral resource.
In 1998, Newmont Exploration Limited conducted magnetic and radiometric airborne geophysical surveys. Interpretation of the data by Newmount suggests that the Eiger, Saddle, Josephine and Pukelman stocks may be part of a single larger intrusive body, and the Rhosgobel and Far stocks are themselves a separate body.
Historic drilling by Redstar Resources Corporation on the Bear Paw Brecia Zone included two diamond drill holes totaling 219 m in 1999; and nine HQ-dimeter diamond drill holes totaling 1,211 m in 2000. The best result of the Bear Paw Breccia zone was 2.3 gpt Au over 31.8 m in Hole BP00-10.
In 2006, Stratagold Corporation conducted a detailed trenching and soil sampling program on the Bear Paw Breccia, Contact and Barney zones. In addition, infill sampling was conducted to follow-up on geophysical and historical gold anomalies identified by previous explorers.
Mineralization and Geology
Highly deformed metasedimentary rocks and stocks and dykes of the Yusezyu Formation underlie the Clear Creek property. The metasedimentary strata are part of the Neoprotoerozoic to early Cambrian Hyland Group and comprise predominantly highly deformed and folded pelites, psammites, coarse clastic grits and quartzites, with lesser limestone and marble, calcareous clastic sediments and chemical sediments mixed with a clastic component. The Hyland Group rocks have been intruded by Tombstone suite diorite, granodiorite, quartz monzonite and granitoid stocks, including, from south to north, the Rhosgobel, Big Creek, Pukelman, Josephine and Eiger stocks. The Tombstone strain zone, a broad zone of complex deformation exhibited as multi-episodic folding and prominent foliation and lineation development within the sedimentary sequence, extends roughly east-west to the north of the Josephine stock.
Mineralization at Clear Creek may be related to the intrusion of Tombstone-age granitoid stocks and as such, Clear Creek has the potential to host one or more intrusion-related gold system (IRGS) type deposits. Intrusion-related deposits are important producers of gold within Canada, Alaska and elsewhere around the world. Examples of IRGS deposits include Fort Knox in Alaska, Victoria Gold's Dublin Gulch in the Yukon, and the Company's Brewery Creek deposit.
Gold mineralization styles identified at Clear Creek include: possible Fort Knox-style sheeted quartz veins and stockworks in the Rhosgobel stock; replacement-style sulfide mineralization in calc-silicate horizons within the Yusezyu Formation; and significant intervals of >1 gpt Au associated with quartz veins and quartz flooded breccia zones at the Bear Paw prospect (refer to the table below). Previous explorers have also identified a number of extensive gold and arsenic in soil anomalies, including the Saddle Zone, Harper Zone, Contact Zone, Eiger Stock, Rhosgobel Stock and Pukelman Stock. Limited shallow diamond and RC drilling programs on five of these targets (Saddle, Contact, Eiger, Rhosgobel and Pukelman) returned intervals with >1 gpt Au.
Current Work
The Company's proposed Phase I 2010 program at Clear Creek includes 1,000 m of oriented HQ diameter diamond drilling on the Bear Paw breccia zone where the Company plans to:
- twin a select number of Redstar's holes in order to determine the orientation of previously identified mineralization at Bear Paw; and
- drill five north-south directed holes to test a geological model that mineralization may be following an east-west trend.
Upon completion of the diamond phase of the program, the Company plans to follow-up with a 3,500 m RC drill program on a grid across the established mineralization trend of the Bear Paw hydrothermal breccia. Pending the results of this drilling, other under-explored low-grade bulk tonnage targets on the property may also be tested with the RC rig.
Summary of Significant Results
The following table presents significant intercepts from Redstar Resource Corporation's 2000 diamond drilling program on the Bear Paw zone.
Clear Creek Project, Yukon
Select Significant Intercepts > 0.5 gpt Au* |
| Drill Hole # |
From
(m) |
To
(m) |
Interval (m) |
Au
gpt |
Interval
(ft) |
Au
opt |
| BP00-04 |
19.80 |
21.30 |
1.50 |
1.41 |
4.9 |
0.04 |
| |
44.20 |
44.65 |
0.45 |
2.56 |
1.5 |
0.08 |
| |
80.25 |
80.70 |
0.45 |
1.31 |
1.5 |
0.04 |
| BP00-05 |
4.57 |
7.01 |
2.44 |
1.99 |
8.0 |
0.06 |
| |
10.67 |
14.02 |
3.35 |
1.56 |
11.0 |
0.05 |
| |
45.02 |
46.52 |
1.50 |
1.41 |
4.9 |
0.04 |
| |
52.20 |
53.20 |
2.00 |
2.19 |
6.6 |
0.06 |
| |
117.20 |
121.01 |
3.81 |
1.48 |
12.5 |
0.04 |
| BP00-07 |
42.67 |
43.77 |
1.10 |
3.31 |
3.6 |
0.10 |
| |
80.50 |
82.00 |
1.50 |
3.12 |
4.9 |
0.09 |
| BP00-08 |
25.50 |
46.50 |
21.00 |
1.00 |
68.9 |
0.03 |
| incl. |
40.20 |
46.50 |
6.30 |
2.13 |
20.7 |
0.06 |
| BP00-09 |
47.44 |
48.94 |
1.50 |
1.58 |
4.9 |
0.05 |
| |
54.44 |
55.94 |
1.50 |
1.19 |
4.9 |
0.04 |
| |
61.94 |
70.94 |
9.00 |
1.27 |
29.5 |
0.04 |
| |
81.44 |
91.94 |
10.50 |
1.12 |
34.4 |
0.03 |
| BP00-10 |
1.50 |
33.31 |
31.81 |
2.30 |
104.3 |
0.07 |
| incl. |
1.50 |
19.81 |
18.31 |
3.73 |
60.1 |
0.11 |
* Reported September 29 2000 News Release CDNX:RST
Erin O'Brien, PGeo, is the Qualified Person as defined under
National Instrument 43-101 who has reviewed and verified the
information presented on the Company's Clear Creek Project.
2010 Photos
(Above photos By Cathie Archbould, Archbould Photography)
News Releases
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