Mineral Exploration

Winter 2019

Mineral Exploration is the official publication of the Association of Mineral Exploration British Columbia.

Issue link: http://digital.canadawide.com/i/1189730

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Page 42 of 63

W inte r 20 1 9 43 Kwanika Copper Corporation, (65 per cent Serengeti Resources Inc., 35 per cent POSCO Daewoo and Daewoo Minerals Canada) continued environmental baseline studies for the Kwanika project Central zone. Work on a pre-feasibility study continues for an integrated open pit and underground Central zone mine, with a projected life of 15 years at 15,000 tpd. The Central zone has a pit constrained Measured + Indicated resource of 104.6 Mt containing 540 Mlb Cu, 708 koz Au and 2,617 koz Ag. A further 118.9 Mt Measured + Indicated resource containing 784 Mlb Cu, 1.123 koz Au and 3,656 koz Ag is accessible by underground mining. Serengeti also completed about 12 km of IP surveying, mapping and sampling on its Croy-Bloom prospect. IAMGOLD Corporation did about 80 km of IP surveying on its Dark Horse project, mostly along existing roads. Finlay Minerals Ltd. continued work on its Pil project, with mapping and hand trenching. In April 2019, Sun Metals Corp. completed its acquisition of Lorraine Copper Corp., giving it 100 per cent ownership of the Stardust copper-gold skarn property. By the end of August, Sun Metals had completed more than 6,000 m of drilling on Stardust and planned for up to a further 9,000 m by the end of the year. The company also completed a large-loop EM survey and continued testing new areas and expanding the deposit. Drilling confirmed continuity of mineralization and showed that skarn alteration strengthens to the north, which is where the exploration focus will be maintained. The deposit has an Indicated resource (2018) of 985,000 t grading 1.43 per cent Cu, 0.62 per cent Zn, 1.59 g/t Au and 36.8 g/t Ag, and an additional Inferred resource of 1.985 Mt averaging 1.24 per cent Cu, 0.14 per cent Zn, 1.72 g/t Au and 30.5 g/t Ag, all at a 1.5 per cent copper-equivalent cutoff. Tower Resources diamond drilled a total of 631 m in six holes on its Nechako Gold project. Previously, the company used reverse circulation drilling in this area of poor outcrop to sample glacial till and a define a down- ice dispersal train to locate drilling sites. Groupe Fordia.indd 1 2019-11-07 9:52 AM Silver King Helicopters.indd 1 2015-11-12 3:12 PM

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