The Iron Lake, copper-gold-platinum group-cobalt project, is located 45 kilometres northeast of the community of 100 mile House, in southern British Columbia. The property consists of 21 claims totaling 8,035 hectares (19,854 acres) covering a large multiphase ultramafic intrusive body composed of pyroxenite, olivine pyroxenite, gabbro, sodic pegmatite and diorite phases. The intrusion is host to disseminated and massive sulfide styles of mineralization. In many ways the Iron Lake Complex is comparable to the Turnagain Ultramafic Complex in northern BC and also to the Lac Des Isles deposit in Ontario. Elevations are low and topography subdued allowing for year-round activity.
Between the years 2000 and 2012 many samples of mineralized rubble were found at Iron Lake which are enclosed by a 2 km long IP chargeability anomaly. All of these samples are similar in their rock type and metal content and disseminated character of mineralization with the average metal content of the samples being 0.71% copper, 0.70 g/t gold and 324 ppb platinum + palladium. Drilling completed in 2005 and 2006, targeting electromagnetic anomalies just south of the IP anomaly, encountered significant thicknesses of massive sulfide mineralization e.g. hole IL-05-03 (17 metres, aggregate thickness, of greater than 60% sulfide which graded 0.34% copper and 23.7% iron over this interval). Cobalt values in massive sulfide reach 0.14% over 1.4 meter drill core sample intervals while select grab samples reach 0.35%.
In 2016 claims were added on the southeastern side of the property to capture an area of arsenical gold mineralization associated with a megacrystic feldspar intrusion. Soil values in this area reach 12.0 grams per tonne gold and select rock samples reach 74.9 grams per tonne gold.
The primary objective of the 2019 program was be to explore for the bedrock location of the disseminated mineralization and for higher grade areas of massive sulfide mineralization. The program expanded the existing grid adding 7.5 km of induced polarization surveying to allow a more refined targeting process for future drilling. The area of completed IP has now been extended to 54 km. Many mafic hosted massive sulfide deposits worldwide grade from pyrrhotite dominant low grade mineralization into areas with greater proportions of chalcopyrite and pentlandite and correspondingly higher payable metal contents.
To earn a 60% interest in the Iron Lake property, option partner GK Resources Ltd. is required to complete $3,000,000 in exploration, pay $400,000 in cash and $250,000 in cash/share equivalents over a 5 year term.
- April 18, 2017 - NI 43-101 Technical Report on the Iron Lake Property View pdf
Technical Reports and Presentations
- Iron Lake NI 43 -101 - July 18 2018 View pdf