Condor Resources Inc. – announces that MMG Chile Exploration SPA (“MMG”), a subsidiary of MMG Limited, has commenced an airborne geophysical survey over Condor’s Brahma/Austral porphyry copper project in southern Chile.
The survey is being conducted by New-Sense Geophysics Limited and includes airborne radiometrics and magnetometer surveys utilizing a Eurocopter AS350 B3. Approximately 3000 line-kilometres will be flown at 150m line-spacings, and it is anticipated that the survey will be completed before the end of September.
Condor recently signed an agreement giving MMG a 270 day exclusivity period to conduct a mandatory due diligence program at Brahma/Austral, which due diligence includes the airborne survey, and follow up mapping and sampling. If MMG decide to proceed with an option agreement, they will be required to complete cumulative exploration expenditures of US$7 million, and complete a Preliminary Economic Assessment, both within 6 years of execution of the option agreement, in order to earn a 70% interest in Brahma/Austral.
The Brahma/Austral concessions cover some 186 sq km situated southeast of the city of Talca in southern Chile. The project is located on the southern extension of the West Fissure fault system, the continental scale structure which controls most of the large world class copper deposits located within the central Andes of Chile, including the El Teniente mine located 200 km to the north.
In 2006, Dr. Richard Culbert discovered a highly anomalous stream sediment sample at a location called Los Boldos Creek. In 2007 Condor geologists, attempting to locate the source of the copper anomaly within the creek, identified and traced float boulders containing finely-disseminated chalcopyrite and covellite in a pervasive quartz-sericite (“phyllic”) altered quartz feldspar porphyry intrusive (QFP) to a tributary of the main creek and then to an outcrop where copper sulphides occur as disseminations, localized stockwork veinlets and fracture coatings. Subsequent prospecting approximately 300 m vertically above this outcrop located additional pervasive-altered and leached QFP in bedrock, with hematite and lesser jarosite occurring as disseminations, in stockwork veinlets and on fracture surfaces within the intrusive. This type of alteration closely resembles the leached capping commonly occurring above most Chilean porphyry copper deposits. Abundant finely disseminated chalcopyrite, covellite and pyrite occur at the base of the intensely-altered system.
Forum Uranium Corp. announces further exploration of its 100% owned Clearwater Project on trend and immediately adjacent to the southwest of the Alpha Minerals/Fission Uranium Patterson Lake South discovery. Forum conducted ground radiometric prospecting, lake sediment geochemical surveys and soil gas radon surveys in late August/early September.
As a result of this program, further prospecting of airborne radiometric anomalies and expansion of the radon survey will take place. The radon survey has outlined a number of anomalous zones on two grids immediately southwest of the Alpha/Fission claim boundary. These results are very encouraging so the grids will be expanded to cover areas with airborne electromagnetic conductors on strike with the Patterson Lake South conductive trend. Upon completion of this follow-up program, Forum will conduct ground electromagnetic surveys this fall and ground gravity in early winter to outline targets for drilling in late January 2014.
FISSION URANIUM CORP. and Special Projects Inc (SPI, Calgary), are pleased to announce the filing of a patent application for an invention entitled “System And Method For Aerial Surveying Or Mapping Of Radioactive Deposits”. The invention relates to an airborne system and method for surveying a geographic area to detect and map the locations of radioactive geological deposits, such as boulders and clusters of rock.
The invention results in a particularly high-resolution survey and is an improvement over known airborne surveying methods for radioactive deposits. The invention led Fission to discover the high-grade uranium boulder field at its Patterson Lake South (PLS) property in Canada’s Athabasca Basin, home to the world’s richest source of high-grade uranium.
Ross McElroy, President, COO and Chief Geologist of Fission Uranium, commented,
“Using our patent-pending survey system, enables us to quickly and effectively explore large areas for radiometric anomalies. Our system has proved to be incredibly sensitive and accurate in locating anomalies of interest and provides a “leading-edge” ability to find occurrences of radioactive soil, boulders and outcrop at surface that may represent uranium.”
Radiometric surveys are regularly employed in exploration to detect and map natural radioactive emanations (from uranium, thorium and potassium), from rocks and soils. Meteorological conditions, the topography of the survey area, the influence of the Earth’s cosmic environment, the height of the sensor above ground and the speed of the aircraft are some of the variables which affect radiometric measurements. The invention resulting from the collaboration between Fission’s technical team and SPI is particularly sensitive to addressing these variables.
Prior to the Fission/SPI invention, airborne prospecting for radioactive minerals has been generally carried out by flying a fixed wing aircraft equipped with large detectors relatively high altitudes and high speeds over a geographical region to be surveyed. However, data collected in such a manner often does not allow for detection of localized geological deposits such as boulders and clusters of rock due to the large footprint of the measurement and the resulting background-to-boulder signature ratio. Additionally, many legacy systems, which used a combination of towed magnetometer sensors and large detector systems, lacked the electronic navigation and data acquisition tools required to collect and compile the information in a manner required to detect localized geological deposits.
The Fission/SPI invention utilizes a fixed wing aircraft using at least one radiation detector element to fly at an ideal height and speed over a geographic area and store the radioactive signal data. Furthermore utilizing advanced processing technology to map the radiation signal data to accurately identify and flag high priority points, which in the case for PLS resulted in the discovery of the high-grade uranium boulders.
FISSION URANIUM CORP. announces the discovery of two significant and strongly radioactive uranium source anomalous regions on its 100% owned North Shore property in the Athabasca Basin, Alberta. The Northern and Southern anomalies occur within the south-central part of the project area near the southern boundary. The discovery was made using Fission and Special Project Inc’s (‘SPI’) high resolution magnetic and radiometric airborne survey technology which is currently patent-pending (see news release July 16, 2013).
The Northern anomalous region occurs within a 1.5km x 0.5km area and contains several parallel trends up to 300m. The Southern anomaly is located approximately 7km to the SW of the northern anomaly and is characterized by being narrow (1 to 10m wide) and can be traced for up to 3km.
Ross McElroy, President, COO, and Chief Geologist for Fission, commented,
‘We are very encouraged by this strongly radioactive discovery, particularly as we used the same technology to locate the boulder field at Patterson Lake South (PLS). While the expansion of our PLS discovery is our main task, following up these new results at our North Shore property is also a priority.’
In August 2013, using a fixed wing aircraft, SPI flew a 12,257 line km high resolution airborne magnetic and radiometric survey at 50m line spacing over the entire North Shore project. The radiometric system uses a calibrated gamma spectrometer which is able to differentiate between uranium, thorium and potassium and also determine the relative concentration of each element.
The radiometric data was collected and processed and anomalies were picked based on elevated total counts with correlated elevated uranium concentrations. The width and responses of the peaks indicate that some of the larger anomalies present are likely to be part of the outcrop/sub crop as opposed to boulders. This is indicated by a generally wider anomaly which is easily seen on multiple lines.
Noka Resources Inc. announces that the members of the Western Athabasca Syndicate; Noka Resources Inc., Skyharbour Resources Ltd., Athabasca Nuclear Corp., & Lucky Strike Resources Ltd.(“the Syndicate”) have completed large-scale VTEM plus and radiometric geophysical surveys on the Western Athabasca Syndicate Project located near Alpha Minerals’ and Fission Uranium’s Patterson Lake South (“PLS”) uranium discovery. The original airborne coverage was expanded to provide for the infill and extension of conductive anomalies and structural features identified by a preliminary review of the geophysical data. Based on this initial encouraging data, the Syndicate has elected to immediately commence the second phase of its summer program consisting of follow-up field work and ground-truthing of geophysical targets.
Western Athabasca Syndicate Project Claims Map: http://www.nokaresources.com/images/NX-Western-Basin-Syndicate.jpg
Completion of Regional Airborne Geophysical Survey:
A total of 4,840 line kilometres was flown for the VTEM plus time domain survey with an additional 4,400 line kilometres flown for the radiometric survey all of which was on the Syndicate’s Preston Lake Property. The VTEM plus system has been used successfully to locate basement conductors similar to the structures that host the high-grade uranium discoveries at the nearby PLS project. The high resolution radiometric survey was flown to locate uranium boulder trains, in-situ uranium mineralization and alteration associated with uranium mineralization which is what ultimately led to the PLS discovery by Alpha and Fission. Phil Robertshaw (P.Geo., Saskatchewan) is reviewing the collected data and will be providing detailed interpretation of the VTEM plus and radiometric surveys shortly.
Western Athabasca Syndicate Airborne Survey Coverage: http://nokaresources.com/images/NX-Geophysics-coverage.jpg
The areas flown include two blocks in the northern part of the Preston Lake Property. The Preston Lake South block is contiguous with Fission Uranium and NexGen Energy and includes a large area of partially exposed pre-Cambrian shield rocks. The Preston Lake West block claims are contiguous with claims controlled by Aldrin Resources and Forum Uranium. The claims are underlain by Phanerozoic rocks (limestone and sandstone) similar to the PLS discovery area. At Fission and Alpha’s PLS high-grade discovery it is interpreted that the uranium has been mobilized along the fault zones and has been concentrated in the sandstone under the limestone. A review of historic data on the Preston Lake Property has identified a sample collected by the Geological Survey of Canada which returned a value of 5.4 ppm U3O8, considered to be significant in an area with a background uranium value of 1 ppm U3O8. This high U3O8 value may indicate either the down-ice glacial transport of uranium boulders from source or an in-situ source of uranium. For comparison, the highest value down-ice from the PLS discovery is 3.2 ppm U3O8. Management cautions that past results or discoveries on proximate land are not necessarily indicative of the results that may be achieved on the Western Athabasca Syndicate Project.
Commencement of Field Program at Preston Lake Property:
The initial data and results from the airborne surveys have led the Syndicate to expedite the planned summer field program with a number of high-priority targets at the Preston Lake Property being the focus of the work. A sophisticated targeting matrix is being used to further identify and prioritize areas for ground-based follow-up. Field work will include ground-truthing of high-priority geophysical targets using water and soil radon sampling, biogeochemistry, geochemical lake sediment and soil sampling, prospecting, and scintillometer surveying. The Syndicate will employ a systematic, proven and cost-efficient exploration methodology that has led to numerous uranium discoveries in the region and throughout the Athabasca Basin. By the end of this summer’s field program, a total of $1.5 million will be spent in exploration on the project between airborne geophysical surveys and follow-up ground work.
Uranium and the Athabasca Basin:
The Athabasca Basin of northern Saskatchewan hosts the world’s largest and richest high-grade uranium deposits accounting for just under 20% of global primary uranium supply. Athabasca uranium deposits have grades substantially higher than the world average grade of about 0.1% U3O8. The Patterson Lake area has received escalating exploration attention and claim acquisition activity as a result of the new, shallow discoveries made by Alpha and Fission which includes the recently reported drill interval of 6.26% U3O8 over 49.5 metres in drill hole PLS 13-053. This mineralized zone is located approximately 400 metres to the northeast of discovery hole PLS 12-024 which returned 2.49% U3O8 over 12.5 metres. Consistent high grade, near surface U3O8 assays from Alpha and Fission demonstrate the potential for high grade uranium mineralization on the margins of the western side of the Athabasca Basin. There are still areas in the Athabasca region that are highly prospective and underexplored for high grade uranium as illustrated by Alpha’s and Fission’s recent discovery.
Noka Resources Inc. announces that the members of the Western Athabasca Syndicate; Noka Resources Inc. , Skyharbour Resources Ltd. , Athabasca Nuclear Corp., & Lucky Strike Resources Ltd.(“the Syndicate”) have completed an additional 720 line kilometres to the 4120 line kilometre VTEM plus time domain geophysical survey on the Western Athabasca Syndicate Project. The additional coverage consisted of infill and extension of conductive anomalies and structural features identified by a preliminary review of the geophysical data.
The Syndicate is also pleased to announce that the high resolution airborne radiometric survey on the Western Athabasca Syndicate Project has started. The contract was awarded to Goldak Airborne Surveys who will be collecting radiometric data be using a digital acquisition system that is proprietary to Goldak. A total of 4400 line kilometres at 200 metre line spacing will be flown using a 50.4 liter crystal volume detector to locate uranium boulder trains, in-situ uranium mineralization and alteration associated with uranium mineralization systems.
The Syndicate is using Phil Robertshaw (P.Geo., Saskatchewan) to review the VTEM plus and radiometric data and provide detailed interpretation when the surveys are completed.
CuOro Resources Corp. announces that Geotech Ltd. of Aurora, Ontario (“Geotech”) has been engaged to complete a 416 line-kilometre, helicopter-borne versatile time-domain electromagnetic (“VTEM”) survey of the Santa Elena Copper-Gold Project, in Antioquia Department, Colombia.
Geotech’s VTEM system has been shown to be excellent at identifying conductive, massive-sulphide bodies as well as mapping lateral and vertical variations in resistivity. The VTEM system is also equipped with a high sensitivity magnetometer which can aid in mapping geologic structure and lithology.
The survey is expected to be completed during October 2012. The Company will immediately investigate any targets generated by the survey with exploration and drilling.
Santa Elena Overview
Santa Elena is classified as a bimodal-mafic VMS deposit. This type of deposit is similar to that found in many of the major district of the Precambrian Shields of Canada, Western Australia, and Scandinavia, as well as the Urals and in the Cretaceous of Peru. The latter is comprised of the giant Tambo Grande deposits; TG1 and TG3, adjacent deposits comprising a single ore system contain a non 43-101 compliant resource of over 138 MT of 1.3% Cu and 1.1% Zn. The Tambo Grande deposits are in a very similar setting to the Santa Elena occurrence, and given that both are in what appears to be an oceanic back-arc setting, this district may be a model for Santa Elena. It is important to note that VMS deposits almost always occur in districts, and that their sizes are log-normally distributed.
The concessions contain 1,287.5 hectares near the north end of the Antioquia batholith, at the intersection between the San Pablo formation (Cretaceous marine sediments) located to the north, the basaltic volcanic flows located to the west, and the Antioquia batholith quartz-diorite complex to the east.
The infrastructure is excellent and includes paved road access, two hydroelectric plants within 5 km, and abundant water supply.
Geological mapping and sampling has identified 3 VMS areas of outcropping (TEM-1, TEM-2, and TEM-3) all of which coincide with historical geophysical anomalies. Several new mineralized outcrops have been located recently south of the known VMS outcrops.
Recently completed geophysical surveys have validated the historical data, as well as produced many new targets which will be drill tested.
Summary of Geophysics
A surface geophysical TEM survey at 50 m intervals was conducted on a selected area of the property where outcropping mineralization was visible. The survey was conducted by VAL D’OR Geophysics for Noranda Mining and Exploration Inc in 1996-1997.
The historical ground geophysics had identified 4 strong conductors with good vertical extent, 3 of which are coincident with the TEM-1, TEM-2, and TEM-3 outcrops.
An airborne magnetometer and radiometric survey was flown in August 2011. These surveys were followed-up by ground based induced polarization and resistivity surveys. These surveys validated the original survey data, and also generated several new drill targets which are currently being drill tested.
The company plans to initiate down-hole TEM surveys along with additional induced polarization and resistivity surveys in January 2012.
Waymar Resources Ltd. announces the completion of a 2,867 km helicopter magnetic and radiometric survey, covering approximately 260 km2, over their Anzá project in Antioquia, Colombia. Preliminary data images can be found on the Waymar website at the following links:
The survey was completed by MPX Geophysics Ltd., of Markham Ontario, at a nominal altitude of 70m and 100m traverse line separation. The results will be used to aid geologic mapping, identify structures and alteration associated with hydrothermal mineralization and possible porphyry copper-gold systems within the project area. The survey data is currently being processed by MPX and final products are expected by July 2012.
Waymar has also completed a structural evaluation using Radar images over the entire area of the land package held in the Anzá district. The images were acquired, processed and interpreted by Alto Americas S.A., of Buenos Aires, Argentina, a company that specializes in remote sensing products and services.
“The preliminary geophysical data confirms that the Aragón structure, which controls the gold mineralization at the Anzá deposit, is a continuous, district-wide feature,” commented Pablo Marcet, CEO. “The combination of Magnetics and Radiometrics is giving us a powerful tool to identify and prioritize targets in our extensive land package. Together with the interpreted Radar images, previous geological mapping and geochemistry, we have an excellent technical base to start testing the numerous exploration targets in the district. Meanwhile, we continue to drill at Anzá and aim to release a new batch of drill results before the end of June.”
Peter Diorio, P. Geo., President of GeophysicsOne Inc. is the qualified person related to the helicopter magnetic and radiometric survey and has reviewed and verified the technical disclosure contained herein and accepts responsibility for such disclosure. David Makepeace, M.Eng., P.Eng., senior geologist for Micon International Limited is the qualified person for the Anzá drill program, as defined by National Instrument 43-101.
There has been insufficient exploration to define a mineral resource at the Anzá property to date, and it is uncertain if further exploration will result in targets being delineated as a mineral resource. Any potential quantity and grades are conceptual in nature.
Pershimco Resources Inc. announces the results of the geophysical survey recently completed over its 15,000 Ha 100% owned Cerro Quema property. These are the first high resolution geophysical surveys completed over the entire extent of the concessions.
These preliminary results and associated interpretations highlight the following:
Induce Polarisation Survey (IP)
The purpose of the IP survey with an effective depth down to 200m, was to define and expand on the known near surface resistive zones associated with silicic alteration which host gold mineralization at the La Pava project. An additional objective was to define and expand on the deeper chargeability and conductive zones known to be associated with the copper/gold mineralization as previous drilling results earlier published by the Corporation have confirmed.
The resistivity map shown below highlights a robust resistivity anomaly with approximate dimensions of 400m x 300m. This resistivity anomaly is coincident with the La Pava project with gold mineralization hosted in the oxide zone of a silicic altered volcanic unit. This IP anomaly has also highlighted a northerly and westerly extension of this resistive unit located outside of the current pit design. These extensions will require drill testing to evaluate their potential.
The chargeability map highlights a chargeability anomaly of approximate dimensions of 600m x 350m. This chargeability anomaly coincides with deeper sulphide mineralization identified by drilling at the La Pava and Chontal projects.
Figures 3 and 4 shown below show selected profiles (A-A’ and B-B’) of resistivity and chargeability results respectively over the La Pava project.
The Corporation is encouraged by these IP results over the La Pava and Chontal projects which clearly outline the mineralized host units present. Combined with the preliminary airborne geophysics interpretations, the Corporation will now complete additional IP geophysical surveys over the Quema/Quemita project and additionally over the newly identified targets identified by the airborne geophysics.
Airborne survey (VTEM-Mag-Rad)
The airborne survey was completed using a total field magnetometer, a gamma-ray spectrometer (U, Th, K) and a time domain vertical axis electromagnetic system (VTEM). This survey entirely covers Pershimco’s 100% owned Cerro Quema project in Panama. The objective of the survey was to define the magnetic and radiometric signatures of the LaPava and Quema/Quemita resources and additionally to identify similar signatures within the property.
Figure 5 shows a reduced to pole of TMI image. This figure highlights the low magnetic susceptibility with coincident low potassium and high Th/K ratio signatures over the La Pava, Quema/Quemita and Chontal projects.
Figure 6 highlights numerous new geophysical targets with similar signatures both within and along strike of known mineralization in La Pava and Quema/Quemita resources.
Alain Bureau, President and CEO, states: “We are very pleased with the recently completed geophysical surveys and the associated interpretations. These results have confirmed our in-house geological and mineralization models. The follow-up of these new targets will now allow us to evaluate the full potential of our Cerro Quema property in Panama.”
PERSHIMCO RESOURCES INC. announces additional results from its drilling campaign as well as strong geophysical results which have been received on the airborne campaign covering its 100% owned Cerro Quema Project in Panama. Results of the preliminary geophysics signatures are considered very significant and Management has decided to immediately release the initial interpretation. Complementary information will be available during the upcoming weeks. A few days ago, Pershimco completed an airborne geophysics survey covering all of its 15,000ha Cerro Quema property covering the “Trend” including the LaPava and Quema targets as well as the continuity towards the east.
The survey has been realized by Geotech Ltd. from Toronto using, amongst other techniques, radiometric and magnetic signatures as well as VTEM procedures. Preliminary results already show a strong signature revealing a continuity along the east-west trend through the whole concession showing additional repetitive magnetic and radiometric signatures revealing similar anomalies as LaPava and Quema targets. These signatures will be focused on over the next months in order to build additional mineral resources to the project. South of the “Trend”, a significant high conductivity footprint has also been detected at depth. Pershimco is presently proceeding in the final treatment of the data. Geotech will complete detailed Resistivity Depth Imaging, which includes Resistivity Sections line by line to define the conductors’ geometry with depth, and also will complete 3D magnetic inversions. The footprint is also highlighted by Th-K ratio lows which correlate perfectly with the magnetic sources which will lead to a full analysis of all merged results including the ground IP realized earlier. The Corporation has posted on its web site a map resulting from the Mag survey. Additional tools and maps will be posted as they become available.Mr. Alain Bureau, President and Chief Executive Officer of Pershimco commented on the geophysics: “We were positive about the continuity of the “Trend” and this signature shows the fantastic potential of this oxide corridor. This project still has a lot to offer and to be discovered. The strong conductivity footprint observed south of LaPava also brings us additional information on our deeper sulfides systems.”
|Location:||Northern Ontario, Smooth Rock Fall, Iroquois Falls & Timmins Area|
|Target Commodity:||Nickel (Ni), Gold (Au), Chromium (Cr), Copper (Cu), Zinc (An), Silver (Ag)|
The 2011 exploration program on Comstock’s QV Claims included 769 line-kilometre at 100 m spacing airborne magnetic and radiometric survey, reconnaissance ridge and spur soil surveys, and 100 m by 50 m grid soil surveys. Both airborne surveys and soil surveys have consistently identified two gold trends:
The QV and Stewart grids, in the southern part of the claim block, will be followed by trenching and a drill program in the summer of 2012. Gold values on the QV and Stewart grids run as high as 1030 ppb (1.03 g/t Au).
The reconnaissance survey in the northern part of the claim block has identified areas with gold anomalies to be followed by a detailed grid soil sampling in the summer of 2012. Gold values in the northern claim blocks run as high as 152 ppb, with co-incident pathfinder elements of As, Sb, Ba, and Hg.
Precision Geophysics of Vancouver, BC, flew an airborne geophysics survey over the property in August 2011. The Company has received final results for the magnetic and radiometric surveys. Kaminak’s Coffee style intense magnetic lows, interpreted as structures trending in both north-westerly and north-easterly directions, have been identified from the geophysics survey. Both magnetic lows and magnetic highs align with the gold-in-soil geochemical trend. The Company is very encouraged by the results of the airborne geophysics survey. Please refer to the Company’s website http://www.comstock-metals.com/projects/white_gold_north/ for maps showing geophysical results.
Airborne Geophysical Program:
Precision Geophysics of Vancouver, BC, flew an airborne geophysics survey consisting of 769 line-kilometres at 100 m line spacing over the property in August 2011. This survey collected both magnetic and radiometric data that will help the Company interpret the regional geology and structure of the area. Intense magnetic lows, interpreted as structures trending in both north-westerly and north-easterly directions, have been identified from this geophysics survey. This response is similar to that encountered at Kaminak’s Coffee property. Both magnetic lows and magnetic highs align with the gold-in-soil geochemical trend.
The Company has received results for the final batch of soil assays with values ranging up to 1,030 ppb gold (1.03 g/t Au). The grid soil geochem surveys have identified two obvious gold trends supported by very strong pathfinder elements, found in association with gold systems in general and in the White Gold District in particular. These pathfinder elements include As, Sb, Ba, and Hg. Two trends have been identified through the detailed grid (100 m by 50 m) soil sampling.
CuOro Resources Corp. announces that it has received the final data, maps, and report on the airborne magnetometer and radiometric survey which was conducted by MPX Geophysics Ltd (“MPX”) over the Company’s 100% owned Santa Elena Project, located in the Department of Antioquia, Colombia.
The airborne magnetometer and radiometric survey was flown with a helicopter and covered the entire 1287.5 hectare project area. Lines were orientated east-west and flown at a 50 meter line spacing with north-south tie lines every 500 meters. A total of352 line-kilometers of data were collected.
The objectives of the airborne magnetic and radiometric survey were to provide information to facilitate geological mapping and to assist in the delineation of target areas for future ground geophysical surveys and guide the current diamond drilling program. Prioritization will be the interpretation of anomalies which may represent massive sulphide mineralization.
VMS deposits typically contain pyrrhotite, an iron sulphide that is magnetic and can be detected by magnetometer surveys. Tests by Company geologists confirm the presence of pyrrhotite within the massive sulphides at Santa Elena.
Within the current area of exploration a large magnetic feature has been delineated from the southern most massive sulphide outcrops to the northern most edge of the Santa Elena Property. The magnetic feature is over a kilometer in length and is on strike with the existing massive sulphide outcrops.
A large highly intense magnetic anomaly has been mapped on the southwest corner of the property several kilometers from the current area of exploration. This magnetic feature is approximately one kilometer in length and five hundred meters in width. It is unknown whether this magnetic anomaly is part of a larger magnetic body, or if it is an independent geological feature. This anomaly warrants further investigation, and field crews will be deployed to this area immediately. No prior exploration or field mapping has been conducted in this area however recent work has discovered two new massive sulphide outcrops that are currently being channel sampled.
Several smaller yet intensely magnetic bodies have been mapped on the Company’s northern concession. These anomalies will be targeted for field exploration.
This data – used in combination with the recently completed phase one IP and resistivity survey -will greatly enhance the Company’s interpretation and understanding of the regional geology and structural system within the Santa Elena Project area, along with the identification of additional drill target areas.
Santa Elena is classified as Porphyry and poly-metallic deposits project containing 1,287.5 hectares near the north end of the Antioquia batholiths, in sequence of Cretaceous marine sediments and basaltic volcanic. Contains a large stockwork system, with an iron cap on top of the massive sulphide outcrops (Gossan) which potentially indicates an underlying porphyry system. Excellent infrastructure including paved road access, two hydroelectric plants within 5 km, and abundant water supply. Geological mapping and sampling has identified 2 VMS areas of outcropping (Azufral & Arroyo), and gossans. Ground geophysics has identified 4 strong conductors with good vertical extent, 2 of which are coincident with the Azufral & Arroyo outcrops. Artisanal underground workings exposed mineralized, sheared and brecciated mineralization with up to 2. 50% sulphides, from 0.5% to +2% Cu & from 0.2% to +1% Zn.
Arctic Star Exploration Corp. announces that Aeroquest International Ltd. has completed airborne magnetic and radiometric surveys on three properties located in the Carbo area of ‘The Rocky Mountain Rare Metal Belt’ of northern British Columbia.
The Cap, Seebach and Javorsky rare earth element (“REE”) and rare metal properties are all located within the immediate vicinity of Spectrum Mining Corporation’s Wicheeda REE Discovery as well as the Carbo Project which has been drilled by Canadian International Minerals Inc. Arctic Star is conducting exploration under its option to earn up to 100% interest in these properties. The group of claims are located 80 km northeast of Prince George and together comprises 20 mineral claims covering approximately 9,129 hectares, making it one of the largest land positions in the camp.
The heli-borne AeroMAG magnetic gradient and radiometric survey consisted of approximately 1,500 line kilometres on the three properties. The preliminary results of the survey have identified several radiometric anomalies on the Cap property, which are considered to be high priority with respect to the other surveyed properties in the Carbo area. The magnetic component of the survey further defined the strong magnetic anomaly as previously defined by the regional magnetic survey.
The preliminary results of the airborne survey, in combination with the 2010 prospecting program which located outcrops of syenite with anomalous values of Nb and Zr (see November 17th News Release) are very encouraging. In the Carbo area, syenite is often found in close proximity to REE bearing carbonatite.
A detailed mapping and prospecting program, in combination with soil sampling has commenced on the Cap Property in order to verify the geophysical anomalies and define drill targets.
Publicly available records show that the nearby Wicheeda REE Discovery owned by Spectrum Mining showed encouraging results for REE in 2008 and 2009 drilling.