Exploration in Northwest BC

Transcription

1 Exploration in Northwest BC Paul Wojdak Regional Geologist Minerals North Conference April

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3 Q u e s n e l Nechako Bowser S t i k i n e W r a n g e l l

4 Skeena Arch S t i k i n e T e r r a n e

5 Mineral Exploration New Moon project

6 Exploration Dollars $170 million on 218 projects

7 Exploration Drilling 374,000 meters 82 Drill Projects

8 Target Exploration is Open Pit Mine Porphyry projects

9 Copper-Gold Porphyry Galore Creek NovaGold + Teck Cominco (GCMC) Very large copper-gold resource; Engineering re-design 928,400, % Copper, 0.28 g/t Gold Rugged and remote location Copper Canyon

10 Copper-Gold Porphyry KSM (Kerr Sulphurets-Mitchell) Seabridge Gold Enormous resource under exploration; Rugged and remote location 1.4 billion 0.18% Copper, g/t Gold (29.5 million ounces of gold!) $7.6 million program in 2008

11 Copper-Gold Porphyry Red Chris Imperial Metals Corporation New owner = New vision; 15 km east of Hwy 37 at Tatogga Resource of 185,400, % Copper, 0.33 g/t Gold Higher grade below proposed Pit; Continue drilling in 2008 Main Zone East Zone Design Pit 700 m 1.01% Copper & 1.26 g/t Gold

12 Copper-Gold Porphyry GJ (Kinaskan) Canadian Gold Hunter Medium-size, low-grade resource on alpine plateau 15 km west Hwy ,150, % copper, 0.31 g/t gold Exploration pause in 2008; Economic evaluation

13 Copper-Moly-Gold Porphyry Schaft Creek Copper Fox Metals Large, fairly low-grade copper-gold resource 95 km west Hwy ,000, % copper, 0.25 g/t gold In Environmental Assessment & Project design

14 Magmatic Nickel Turnagain Hard Creek Nickel Corporation Large, low-grade nickel resource 70 km east of Dease Lake 489,000, % nickel, 0.012% cobalt Study ore processing (new technology); Economic analysis in 2008 Disseminated Nickel minerals

15 Copper-Gold Porphyry Morrison Pacific Booker Minerals 35 km north Granisle; close to infrastructure Resource 207,000,000 T at 0.39% Copper, 0.2 g/t Gold (similar to Bell Copper) Environmental Assessment Feasibility study

16 Copper-Moly Porphyry Big Onion Eagle Peak Resources 16 km east of Smithers Modest resource - 94,000, % copper & 0.012% moly Resource update anticipated

17 Copper-Moly Porphyry Lennac Lake Dentonia Resources Early stage prospect; drill in km north of Topley

18 Copper-Moly-Gold Porphyry Louise Lake North American Gem 35 km west of Smithers; Winter drilling just completed Modest resource; close to infrastructure Approx 150,000, % copper, 0.23 g/t gold

19 Copper-Moly Porphyry Berg Terrane Metals Corporation 85 km southwest of Houston; fairly rugged site 238,000, % copper & 0.031% moly (update very soon) Moderate size and grade Began environmental study

20 Copper-Gold Porphyry Seel Gold Reach Resources Several drill programs done (winter 2008) 7 km from Huckleberry No Resource estimate yet 7 km

21 Target - (usually) Open Pit Mine Exploration Porphyry Moly Projects

22 Porphyry Molybdenum Ruby Creek Adanac Molybdenum Corp 18 km east of Atlin; Reserves - 157,685, % moly Construction of Open-Pit mine suspended Project financing challenge - $640 million capital cost

23 Porphyry Molybdenum Storie Columbia Yukon Explorations Inc. 4 km south of Cassiar, on alpine plateau Large resource, 101,600, % Mo (update soon) Continue major drill program in 2008; Working with Dease River FN

24 Porphyry Molybdenum Davidson (Hudson Bay Mountain) Blue Pearl Mining Ltd Propose to ship 2000 tonnes of ore per day to Endako mill Large, good grade resource; 75,300, % moly Capital cost - $109 million; in Environmental Assessment Adit

25 Porphyry Molybdenum Lucky Ship New Cantech Ventures Inc 65 km southwest of Houston; access by logging road Resource 55,000, % Moly Discussion with Korean partners; may go to Environmental Assessment

26 Porphyry Molybdenum Lone Pine Bard Ventures 2 km east of Hwy 16 at Hungry Hill; work continues with 2 drills Encouraging results from early drilling (0.10% Mo over 730 m) No resource determined yet

27 Porphyry Molybdenum Shan BCM Resources Ltd 20 km northeast of Terrace; close to infrastructure Promising drill results (up to 0.13% Mo / 81.5 m) but no resource yet

28 Target - Underground Mine (usually)

29 Volcanic Massive Sulphide Tulsequah Chief Redfern Resources Ltd On Tulsequah River between Atlin & Juneau; access via Taku River Underground mine; Copper-lead-zinc-silver-gold resource In negotiation with Taku River Tlingit Barge landing

30 Volcanic Massive Sulphide Kutcho Creek Sherwood Copper Corp 100 km east of Dease Lake; in Environmental Assessment New owner to re-assess development options Resource - 14,200, % copper, 2.4% zinc

31 Target - Open Pit or Underground Mine

32 Intrusion-related Gold Tommy Jack Roxgold Inc 95 km north of Hazelton Early stage project Trench and drill mineral showings

33 Epithermal Gold Vein Treaty Creek American Creek Resources Ltd Exciting new gold and silver occurrences Early stage; Rugged and remote location

34 Epithermal Gold Vein Dilworth Ascot Resources 30 km north of Stewart; overlooked prospect near historic mines Promising results in 2007; $3.2 million drill program in 2008

35 Mesothermal Gold Vein Porcher Island Cross Lake Minerals Old Gold Mine ( ) 35 km southwest of Prince Rupert Drilling in 2007 hit a new high grade vein; More work in 2008

36 Table Mountain (Gold) Hawthorne Gold Corp Swamp Point (Aggregate) Ascot Resources Fireside (Barite) Fireside Minerals Cassiar & Polar (Jade) Cassiar Jade Contracting Table Mountain Small Mines Swamp Point Fireside Jade

37 Exploration Outook Continued exploration - similar to 2007 Emphasis- Copper, Gold, Molybdenum All parts of Northwest (Atlin, Dease Lk, Stewart, Terrace, Smithers, Houston, Burns Lk) Advantage to projects with First Nation agreement Mine construction continues (Tulsequah, Ruby Creek, Galore)