Mineral Exploration

Winter 2016

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

Issue link: http://digital.canadawide.com/i/756078

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W inte r 20 1 6 17 $35 billion, and had a mineable lifetime of 92 years before it closed in 2001. "In 2014, for the first time in the project's then-117-year history, Eagle Plains conducted an evaluation of all available exploration data," says investor relations manager Michael Labach. "The objective was to generate and rank exploration targets and to move the project forward into a phase of active exploration." The program identified three areas of interest and defined exploration targets for Sullivan-style SEDEX base mineralization, precious metal mineralization and iron oxide copper-gold-style mineralization. "If Eagle Plains is successful in locating a significant SEDEX deposit on the Iron Range property, or on any of its other SEDEX target properties in the East Kootenays, this would have major implications for the area," says Labach. In addition to making company shareholders happy, finding a deposit would very likely be followed by a rush of companies intent on conducting their own mineral exploration programs. "There would be an upswing in the demand for labour, supplies and machinery that you see associated with booms," says Labach. "The long-term effect would be the creation of many high-value jobs that would continue throughout the exploration, mining, decommissioning and reclamation cycle." Amarc Resources Ltd. is focused on developing the IKE project, a new copper- molybdenum-silver discovery that is located 33 kilometres northwest of the historical mining community of Gold Bridge, B.C. The district in which IKE is located has a long history of being explored for copper, molybdenum, gold and silver mineralization. "We believe that IKE and the surrounding district of high-quality copper (±gold±molybdenum±silver) porphyry targets together have the potential to become the next major bulk copper mining district in B.C.," says Amarc president Diane Nicolson. According to Amarc, all 21 holes that have been drilled at IKE have intersected long intervals of chalcopyrite and molybdenite mineralization over an increasingly broad area that measures 1,200 metres east-west by 1,000 metres north-south, extends to depths and remains open to expansion. Grades that have been intersected compare favourably with the range of copper-equivalent grades at operating B.C. porphyry copper mines. In addition, Amarc's exploration work in the district has identified at least four significant porphyry copper targets near IKE for drill testing. To advance the IKE discovery and surrounding district efficiently, Amarc has partnered with Thompson Creek Metals Canmine Contracting.indd 1 2016-11-03 8:48 AM

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