Mineral Deposit Report Page 1 OF Geological Survey of Finland

Transcription

1 Mineral Deposit Report Page 1 OF Haarakumpu Occurence type: deposit Commodity Rank Total Total production Total resource Importance measure cobalt t 7748 t Medium sized deposit copper t t Small deposit gold 2 iron 4 sulphur t t Medium sized deposit silver 5 Easting EUREF: Easting YKJ: Northing EUREF: Northing YKJ: Discovery year: 1982 Province: Kuusamo-Kuolajärvi (Co, Au) References: 1, 2 Mineral deposit type Group: Metallogenic deposit Main type: Sedimentary Dimension Expression: geophysical anomaly Area (ha): Form: concordant Dip azim: Shape: lensoidal Dip: Length (m): 1000 Plunge azim: Width (m): 250 Plunge dip: Thickness (m): 6 Orientation method: Depth (m): Dimension comments: Two subhorizontal to shallowly east-dipping, N-trending ore bodies which possibly join into one in the south. The dimensions are of the upper ore body are about 550 x 250 x 6.5 m and that of the lower ore body are 1000 x 150 x 6 m Holder history Current holder: Belvedere Resources Ltd Years: 2012 Holding type: Comments: Application for exploration permit Previous holders: Company Years Holding type Comments Belvedere Resources Ltd Claim (old law) 1

2 Mineral Deposit Report Page 2 OF Lapin Malmi Oy

3 Mineral Deposit Report Page 3 OF EXPLORATION ACTIVITY Years Activity type Geologist Exploration result Ref regional geochemical anomaly geochemistry Lapin Malmi Oy Years Activity type Geologist Exploration result Ref ore beneficiation Heikki Vartiainen tests core drilling Heikki Vartiainen 2, 4 Core drilling (reconnaissance drilling): 23 drill holes totaling 2239 m; drilled into 50 x 100 m grid Intersections HoleID Dh HK-4 From-To Length 3.1m copper 1.02% cobalt 0.19% sulphur 8.1% iron 11.5% HoleID Dh HK-6 From-To Length 5.5m copper 1.9% cobalt 0.47% sulphur 23.3% iron 32.4% HoleID Dh HK-6 From-To Length 10.9m copper 1.29% cobalt 0.36% sulphur 18.1% iron 25.7% excavation Heikki Vartiainen mineral occurrences 3, detailed geophysics Heikki Vartiainen geophysical anomaly 3, 4 Charging potential and VLF-R surveys: especially the latter seems to show the extent of the ore rather well. Outokumpu Oy Years Activity type Geologist Exploration result Ref detailed geophysics geophysical anomaly 3 3

4 Mineral Deposit Report Page 4 OF RESOURCES AND RESERVES Most recent Type: Company: Year: Calc Method: Reference: Resource Lapin Malmi Oy 1984 Non-compliant resource 2, 4 estimate Measured mineral resource 0.05 Mt copper 0.27 % cobalt 0.06 % sulphur 3.6 % Measured mineral resource 0.42 Mt copper 0.58 % cobalt 0.29 % sulphur 13.9 % Indicated mineral resource 0.48 Mt copper 0.36 % cobalt 0.2 % sulphur 9 % Indicated mineral resource 0.53 Mt copper 0.12 % cobalt 0.05 % sulphur 1.9 % Inferred mineral resource 1.5 Mt copper 0.22 % cobalt 0.06 % sulphur 3.2 % Inferred mineral resource 1.7 Mt copper 0.46 % cobalt 0.25 % sulphur 13.9 % Measured, indicated and inferred mineral resource 2.08 Mt copper 0.2 % cobalt 0.06 % sulphur 2.9 % cobalt Measured, indicated and inferred mineral resource 2.6 Mt copper 0.46 % sulphur 13 % cobalt 0.25 % 4

5 Mineral Deposit Report Page 5 OF cobalt 5

6 Mineral Deposit Report Page 6 OF GEOLOGY Host rock: Quartzite, Tremolite Skarn, Tremolite Mica schist, Amphibolite Quartzite (Host rock) Rock type: Host rock Proportion: present Grain size: Color: References: 4 Comments: Suspect if this really is a clastic sedimentary rock and not a chemical sediment in origin Metamorphic description: Ore minerals: Mineral Proportion Mineral texture Chalcopyrite major Dissemination Cobaltpentlandite present Alteration product Pyrite major Dissemination Cobaltian pyrite Pyrrhotite major Dissemination Type: Facies: Degree: Relation to mineralization: Regional amphibolite medium metamorphic facies metamorphic grade Geological age: Min P- Max P (kbar) MIn T- Max T ( C) Geological era: Paleoproterozoic ( Ma) Max age - Minage Inferred age (Ma): Age of mineralization: (Ma): N Tremolite Skarn (Host rock) Rock type: Host rock Proportion: present Grain size: Color: References: 4 Metamorphic description: Ore minerals: Mineral Proportion Mineral texture Chalcopyrite major Massive, Semimassive, Dissemination Cobaltpentlandite present Massive, Semimassive, Dissemination Pyrite major Massive, Semimassive, Dissemination Pyrrhotite major Massive, Semimassive, Dissemination 6

7 Mineral Deposit Report Page 7 OF Other minerals: Mineral Proportion Mineral texture Tremolite major Type: Facies: Degree: Relation to mineralization: Regional amphibolite medium metamorphic facies metamorphic grade Geological age: Min P- Max P (kbar) MIn T- Max T ( C) Geological era: Paleoproterozoic ( Ma) Max age - Minage Inferred age (Ma): Age of mineralization: (Ma): N Tremolite Mica schist (Host rock) Rock type: Host rock Proportion: present Grain size: Color: References: 4 Metamorphic description: Other minerals: Mineral Proportion Mineral texture Tremolite present Type: Facies: Degree: Relation to mineralization: Regional amphibolite medium metamorphic facies metamorphic grade Geological age: Min P- Max P (kbar) MIn T- Max T ( C) Geological era: Paleoproterozoic ( Ma) Max age - Minage Inferred age (Ma): Age of mineralization: (Ma): N Amphibolite (Host rock) Rock type: Host rock Proportion: present Grain size: Color: References: 4 Metamorphic description: 7

8 Mineral Deposit Report Page 8 OF Type: Facies: Degree: Relation to mineralization: Regional amphibolite medium metamorphic facies metamorphic grade Geological age: Min P- Max P (kbar) MIn T- Max T ( C) Geological era: Paleoproterozoic ( Ma) Max age - Minage Inferred age (Ma): Age of mineralization: (Ma): N Figures 8

9 Mineral Deposit Report Page 9 OF 11 Surface projection of the ore (Vartiainen 1984):

10 Mineral Deposit Report Page 10 OF 11 Cross section of the deposit (Vartiainen 1984):

11 Mineral Deposit Report Page 11 OF REFERENCES 1. Belvedere Resources Press release in 2 October Inkinen, O., Kaivoslain 19 :n mukainen tutkimustyöselostus. Haarakumpu, kaiv. Rek. nro 3537/1. Unpublished report 080/ /OI/87. 1 p., 5 app. (in Finnish) 3. Rekola, T., Haarakummun geofysikaalisista tutkimuksista Unpublished report 040/4612/TPR/84/16. 2 p., 20 app. (in Finnish) 4. Vartiainen, H., Haarakummun Co-Cu-mineralisaation alustava malmiarvio. Unpublished report 030/4612/HV/84/6. 7 p., 23 app. (in Finnish) 11